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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...
Boost retirement with TDA
The Tax-Deferred Annuity (TDA) program is an excellent way for eligible UFT members to save extra money that will allow them to fully enjoy retirement. They can defer paying federal income taxes on their TDA, which lowers income taxes during their...
Good time to review your retiree benefits
The start of the school year is an excellent time to think about yourself and the best way to secure your future.
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.
In uncertain times, count on a defined-benefit pension
While the opening of school this fall has been surrounded by uncertainty, one thing you can count on is your defined-benefit pension, thanks to the Teachers’ Retirement System and the UFT.
CARES Act allows easier access to retirement funds
The Coronavirus Aid, Relief and Economic Security Act passed by Congress in early April allows easier access to retirement funds for those U.S. residents still working but in financial need.
Pandemic and your pension
The coronavirus pandemic has had a serious impact on financial markets around the world. Many U.S. families have lost savings.
Demystifying terminology
Members of the city’s Teachers’ Retirement System receive many TRS communications and have access to TRS publications that may include unfamiliar words and phrases. This column defines some of those.
Prior service worth money in your future
Were you employed by New York City or New York State before joining the Teachers' Retirement System or the Board of Education Retirement System?