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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.
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.
3 reasons to love our pensions
As UFT members employed by the city Department of Education, it is important to understand the crucial role pension plans play in attracting and retaining talented educators and other school staff and ensuring financial security in retirement.
Five-year vesting
All TRS and BERS members are now considered vested after they have completed five years of service in the pension system.
TRS self-service website
The TRS website was built to enable members to manage their accounts on their own schedules, and TRS routinely adds features.
TDA contribution limits for 2025
The IRS has announced how much employees can contribute to their tax-deferred annuity account in the 2025 calendar year.
Tax-Deferred Annuity program
By investing part of your paycheck in a tax-deferred annuity, you take an important step toward a secure retirement.
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...
Planning for difficult decisions
Many of us who retire at age 62 can expect to live longer than our forefathers. But to be safe, it's important to prepare by having family discussions about what to do in the event of a debilitating illness or death. Here is a list of topics to...
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.