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Welcome to the pension system
As members of the UFT, you are entitled to a benefit that is becoming as rare as it is important — a traditional defined-benefit pension plan, the gold standard of retirement plans, which guarantees a lifetime annuity of regular payments based on...
TRS to divest Russian holdings
The trustees of the New York City Teachers’ Retirement System voted on March 7 to divest its holdings in Russian securities in protest of the war against Ukraine launched by Vladimir Putin. “We have to stand up for justice,” said UFT President...
Your retirement timeline
Whether you are a new member, in mid-career or close to retirement, there are steps you can take to learn about your pension benefits and stay on track as you progress down the road to a financially secure retirement.
Designating your beneficiaries
You possess a valuable financial asset from participating in a defined-benefit pension system and saving money in a tax-deferred annuity. That’s why it’s important to designate beneficiaries, keep your beneficiary designations current after life...
Automatic TRS pensions won for full-time paras
Decades of UFT advocacy bore fruit for the union’s paraprofessionals on Oct. 29 as a newly enacted state law guaranteed all UFT-represented full-time paraprofessionals — on the job now and in the future — will automatically become members of the...
How much will be deducted from my pension for union dues once I retire?
Dues are .004 of retirement allowance for members who retired after July 1, 1984. Members who retired before July 1, 1984 and after July 1, 1970 pay $36 annually. Members who retired prior to July 1, 1970 pay $18 annually.
What is a deferred pay date?
A deferred pay date is only applicable if you have yet to meet the age of retirement and will be collecting your pension at a later time.
Labors of Hercules, UFT-style
There was no service interruption in the UFT Pension Department as employees, working remotely for the first time, handled an influx of retirement queries.
Build nest egg with tax-deferred annuity
The Teachers’ Retirement System’s Tax-Deferred Annuity Program is an excellent way for eligible UFT members to save money for retirement to supplement their defined-benefit pension. If you’re not already enrolled, start building your nest egg now.
Automatic COLA increase
In 2000, after several frustrating years, the UFT, NYSUT and the rest of the state’s labor movement convinced New York State to provide an annual, permanent cost-of-living adjustment (COLA) to retiree pensions.