One of the many benefits provided by the Teachers’ Retirement System and the Board of Education Retirement System the ability to borrow against your Qualified Pension Plan and Tax-Deferred Annuity accumulations.

There was no service interruption in the UFT Pension Department as employees, working remotely for the first time, handled an influx of retirement queries. 

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.

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.

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.

The coronavirus pandemic has had a serious impact on financial markets around the world. Many U.S. families have lost savings.