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Save with the TDA program
The Tax-Deferred Annuity program is a simple and powerful way to save additional money for your retirement. Your TDA account is funded exclusively through your own contributions.
UFT pension services
The UFT Pension Department offers an array of services to inform members of their retirement benefits and help them prepare for retirement.
In sickness and in death
It’s always a good idea to speak with your family about what to do in the event of a debilitating illness or death. Here is a list of topics to discuss with your family and the legal documents you should have. Let trusted family members know where...
Your TDA options at retirement
When you retire, you have three choices for handling your money in your Tax-Deferred Annuity: 1) Defer; 2) Convert your TDA into a monthly annuity; or 3) Withdraw all the funds. Most TRS and BERS members elect TDA deferral status.
Your pension options
As a member of TRS or BERS, you have options for the distribution of your retirement allowance under the Qualified Pension Plan. As with other major financial decisions, the choice depends on your situation and your finances at retirement.
History of the UFT pension plan
New pension plan tiers come into existence when the state Legislature enacts new laws that change benefits, contribution rates and service requirements. But a pension tier is never set in amber. Over the past 40 years, legislative amendments to each...
Tax-deferred annuity can boost retirement income
If you are a member of TRS or BERS, you have a voluntary, supplemental savings plan in addition to your define benefit pension. This savings plan with low fees allows you to build personal savings on a tax-deferred basis.
It’s a good time to review your pension
The start of a new school year is a good opportunity to review the basics of membership in the Teachers’ Retirement System or the Board of Education Retirement System.
Planning for retirement
The most common retirement date by far for UFT members is July 1 because it coincides with the end of the school year. If you’re planning a July 1 retirement, you should have already begun to prepare. Fortunately, the UFT has done much of the heavy...
The importance of service credit
A key factor in calculating your retirement allowance under the Qualified Pension Plan (QPP) is your Total Service Credit. It helps to determine whether you’re eligible to retire and the amount you’ll receive when you do.