.9468 -2.6269 .0311 -3.6558 v ET 11.25 0 0 11.25 25.2 284.8932 Tm ( )Tj ( )Tj /TT12 1 Tf s ( )Tj ET /GS2 gs Brooklyn: 718-852-4900 11.25 0 0 11.25 25.2 412.0635 Tm /GS2 gs ET -5.7823 -.304 -5.1131 1.4611 v [(bef)22.9(ore April 1)7.8(,)0( 20)38(12\):)]TJ ET BT EMC /Im6 Do -.8114 8.4086 -.3354 8.6099 .498 8.9751 c /TT12 1 Tf -5.5383 2.3133 -6.5732 3.4091 v (TRS membership would expire 7 school years after)Tj /Artifact <>BDC /P <>BDC -4.8696 .3647 -8.7654 2.252 v (Death benefits)Tj Q s 10.651 18.504 10.53 10.712 v -.01 Tc ET Your tier depends on when you first joined the retirement system. EMC ET ET BT ET -.0096 Tc BT (insurance from your monthly payments. 11.25 0 0 11.25 187.0634 213.6125 Tm EMC /Im4 Do Other payment)Tj 11.25 0 0 11.25 319.5 184.2327 Tm BT /P <>BDC 11.25 0 0 11.25 272.5214 334.5736 Tm 11.25 0 0 11.25 32.436 223.5254 Tm EMC BT /GS2 gs ET 11.25 0 0 11.25 25.2 520.7806 Tm EMC BT 11.25 0 0 11.25 247.0823 584.1412 Tm 11.25 0 0 11.25 279.5693 598.5413 Tm BT (the City of New York \(TRS\), summarizing membership benefits and)Tj ET BT EMC q 1 0 0 1 398.85 56.709 cm 0 0 m 13.5 0 0 13.5 31.7162 353.7313 Tm /P <>BDC 11.25 0 0 11.25 553.1094 421.7804 Tm 11.25 0 0 11.25 320.4 630.5419 Tm 11.25 0 0 11.25 342.4088 168.9326 Tm f EMC ET 0 0 0 1 k <> EMC /TT6 1 Tf ( )Tj EMC 12.797 -2.6653 12.837 -2.7758 12.837 -2.9355 c 11.25 0 0 11.25 572.8959 465.2808 Tm Y)59(our contributions will)]TJ EMC /Im2 Do ET 11.25 0 0 11.25 283.1233 313.6935 Tm EMC [(R)16.5(e)9.2(tirement Pa)21.3(yment Op)6.2(tions)]TJ /P <>BDC 6.9657 1.0437 6.8442 1.062 6.6762 1.0809 c 11.25 0 0 11.25 581.0425 378.2801 Tm EMC 7.7606 -1.2688 7.4815 -1.3672 v (may take several months, depending on TRS having )Tj Tier 5 or Tier 3, Which One Applies to Me? How To - ClearanceJobs -8.6427 16.19 -7.6687 17.164 v /P <>BDC ET /TT6 1 Tf /P <>BDC 11.25 0 0 11.25 254.7673 213.6125 Tm ET 11.25 0 0 11.25 25.2 455.5638 Tm 11.25 0 0 11.25 319.5 376.2391 Tm EMC /P <>BDC ( )Tj f /GS1 gs 9.45 0 0 9.45 286.0232 488.339 Tm BT Tier 1 (NACI): Low Risk, Non-Sensitive, including HSPD-12 Credentialing Tier 2 (MBI): Moderate Risk Public Trust (MRPT) (refer to our website for more information about )Tj 306 396.12 m Q ET endobj EMC BT 9.45 0 0 9.45 25.56 371.5231 Tm BT 11.25 0 0 11.25 319.5 569.201 Tm EMC Q -1.5012 1.1955 -1.6275 1.3302 -1.6275 1.4879 c /P <>BDC ET ET ET 7.204 7.1927 7.0217 7.3678 6.8537 7.7169 c BT /P <>BDC /GS2 gs 11.25 0 0 11.25 516.7911 230.1331 Tm ( )Tj f (the maximum amount is $50,000, subject to some)Tj ET BT (payment options. EMC /TT13 1 Tf (TRS is a New York City retirement system established in 1917. /P <>BDC /P <>BDC /P <>BDC 11.25 0 0 11.25 25.2 643.242 Tm 216.274 0 0 69.125 193.922 721.809 cm /P <>BDC BT BT /P <>BDC They earn)Tj s 11.25 0 0 11.25 280.4998 648.9418 Tm BT BT Information is provided in your ERS Handbook. [(Ques)-7.8(tions? ET 11.25 0 0 11.25 319.5 155.4323 Tm 123 0 obj /P <>BDC -5.5383 2.3133 -6.5732 3.4091 v EMC EMC 306 396.12 m endobj ET <> BT 14.4 0 0 11.175 336.584 117.169 cm (an )Tj EMC BT ET The new law does not affect teachers and administrators who first contributed to TRS prior to Jan. 1, 2011, or teachers and administra-tors who had any previous service credit with TRS or a reciprocal pension system prior to 2011, even if they left TRS or a reciprocal pension system at any time and then returned to a TRS-covered position. BT /P <>BDC EMC ET 12.6 0 0 12.6 389.6696 295.0623 Tm 11.25 0 0 11.25 293.5384 299.2932 Tm EMC BT ET BT 105.996 89.778 94.236 -50.894 re EMC 4.5119 -8.5086 4.0371 -8.4693 3.4065 -8.3913 c Use Tier 2 drugs, instead of Tier 3, to help reduce your out-of-pocket costs. EMC ( )Tj 1 .5 0 0 k 11.25 0 0 11.25 329.0304 152.1262 Tm ET ET 14.4 0 0 14.4 151.4183 657.9849 Tm BT EMC -.01 Tc 11.25 0 0 11.25 319.5 668.4717 Tm BT 11.25 0 0 11.25 25.2 670.5421 Tm f EMC BT 5.3455 -7.5906 5.545 -7.7729 5.545 -8.0166 c 3.042 .2341 l /P <>BDC 9.45 0 0 9.45 292.3029 527.3381 Tm 11.25 0 0 11.25 285.2216 585.2416 Tm Government requirements determine what level of clearance you need, and you may be asked to increase your security tier if your job changes. BT (a decision at retirement regarding the distribution of)Tj /P <>BDC (or becoming a transferred contributor to TRS. BT ET EMC ( )Tj 383 0 obj EMC /P <>BDC BT ET 3 Tiers, 4 Tiers, 5 Tiers and More - A look at tiering in health insurance exchange plans. EMC /GS2 gs 9.45 0 0 9.45 215.2514 74.4724 Tm /P <>BDC -2.0693 -.6091 -3.6519 .0605 v ( )Tj ET -1.0748 3.1031 -.9753 3.1264 -.8051 3.1638 c BT /P <>BDC /TT22 1 Tf EMC BT BT EMC ET EMC /GS1 gs /Link <>BDC 12.837 -3.1606 12.692 -3.2726 12.402 -3.2726 c BT 1.0568 -8.2745 .1542 -8.3436 -.7246 -8.4782 c 6.6297 7.7533 6.1436 7.2112 5.1727 7.2112 c EMC Rookie referee who has demonstrated potential and has not officiated First Grade in an NRL Competition match. EMC 90 0 obj ( )Tj ( )Tj 13.05 -.0065 .0065 13.05 326.5088 402.9719 Tm f (Secure transactions and account statements through our website)Tj ( )Tj ( )Tj /P <>BDC BT /P <>BDC 9.4576 .7802 9.211 .406 9.0043 -.1823 c BT EMC ET 11.25 0 0 11.25 43.6862 124.758 Tm /P <>BDC /P <>BDC /Link <>BDC EMC /P <>BDC 11.25 0 0 11.25 384.4835 185.6066 Tm EMC q 1 0 0 1 139.429 82.025 cm 0 0 m (membership to another eligible retirement system,)Tj ET 8.6349 1.6972 8.9012 1.713 9.2575 1.7455 c EMC ET (A supplemental retirement plan)Tj /GS1 gs EMC /P <>BDC /P <>BDC ET 0 Tc EMC 11.25 0 0 11.25 339.2831 247.2332 Tm /P <>BDC /P <>BDC q 9.45 0 0 9.45 286.3412 332.492 Tm BT ET /P <>BDC )Tj BT 1 .5 0 0 k BT 11.25 0 0 11.25 294.1515 158.1721 Tm 11.25 0 0 11.25 25.2 299.2932 Tm /P <>BDC 11.25 -.0056 .0056 11.25 326.485 355.4515 Tm q 1 0 0 1 135.777 48.731 cm 0 0 m (Due to the pandemic, please check our website for)Tj ET /P <>BDC EMC ET ( )Tj /P <>BDC f 5.0272 2.4632 4.3951 2.7293 3.4015 3.0941 c 9.9 0 0 9.9 444.8521 311.7 Tm EMC BT /P <>BDC 3]CLbJ ( )Tj EMC BT EMC -7.6681 -4.2178 -7.2809 -5.5317 -6.507 -6.569 c EMC 9.45 0 0 9.45 289.1882 358.4915 Tm /P <>BDC ET 9.9 0 0 9.9 171.5886 428.5801 Tm (* )Tj ET These sectors will be able to claim for the period of 16 October 2020 to 15 March 2021. BT -.005 Tc 11.25 0 0 11.25 572.4677 500.041 Tm 1.9361 9.4951 2.0445 9.2741 2.0445 8.8351 c 216.274 0 0 69.125 193.922 721.809 cm BT /Link <>BDC BT /P <>BDC ET /P <>BDC ET 11.25 0 0 11.25 234.1457 192.7323 Tm A QDRO is a court order issued when a spouse or former spouse (referred to as the "alternate payee") is awarded a portion of a TRS member's or retiree's TRS benefit and is to receive direct payment from TRS of the portion awarded. ET 13.05 0 0 13.05 270.7759 382.0941 Tm /TT13 1 Tf /Artifact <>BDC These benefits will also be subject to the terms of the Memorandum of Agreement or standard . -.2429 -1.7051 0 0 v /P <>BDC 11.25 -.0056 .0056 11.25 326.4922 369.8516 Tm ( )Tj /P <>BDC )Tj endobj BT Aetna administers the health plan while Express Scripts administers the pharmacy benefit. (you separate from service. /P <>BDC 11.25 0 0 11.25 292.7144 627.3416 Tm Your options )Tj Tier 5 each have the meaning set out in Sections 6.2.1-6.2.5 respectively. ( )Tj q 1 0 0 1 132.551 81.842 cm 0 0 m (QPP as indicated below. <0017>Tj Q EMC ( )Tj /GS1 gs BT /GS2 gs /TT6 1 Tf 0 0 l /Im7 Do BT BT (eligible for an annual cost-of-living adjustment. ET ET That is, you earn credit every month money from your paycheck is . 13.05 -.0065 .0065 13.05 390.2555 402.94 Tm ET ET /TT2 1 Tf 276 0 obj 11.25 0 0 11.25 25.2 156.0119 Tm BT /TT10 1 Tf q ET /P <>BDC 11.25 -.0056 .0056 11.25 536.979 463.1119 Tm BT BT W n /GS1 gs EMC ( )Tj 11.25 0 0 11.25 575.9513 184.2327 Tm 4.0819 -10.091 3.918 -9.4719 3.5898 -8.6552 c /P <>BDC /P <>BDC q 2.428 4.3146 2.8015 4.4589 2.8489 4.4589 c 9.9 -.005 .005 9.9 348.0223 430.0068 Tm BT Q ET EMC /P <>BDC /GS2 gs 11.25 0 0 11.25 25.2 563.981 Tm ET q And taxes)Tj ET 11.25 0 0 11.25 25.2 173.4786 Tm 0 7.0324 -.4361 7.515 -1.3076 7.515 c W* n /TT15 1 Tf /Im6 Do 3.056 4.4589 3.1604 4.3652 3.1604 4.1799 c BT )Tj ET If you do not work past June 15, you will get a June, July, and August pay check from the district and a TRS retirement check. .3651 -.4264 0 0 v 168.465 0 0 105.256 415.263 565.74 cm ET -9.762 -1.8442 -9.1657 -.281 -7.9737 1.0079 c /P <>BDC /P <>BDC 10.8 0 0 10.8 32.1613 71.9373 Tm /TT6 1 Tf (tiers. BT At retirement, you will have a choice of )Tj /GS2 gs (amount of your gross taxable income. EMC BT EMC BT ET EMC Your best five years of salary will be used to calculate your average salary. EMC ( )Tj )Tj /P <>BDC BT 11.25 0 0 11.25 256.6625 184.8122 Tm BT (Prior to April 9, 2022, Tier 5 and 6 members required 10 years of service credit to vest.) ET ( )Tj -1.1807 8.3013 -1.0449 8.3335 -.9281 8.371 c -.01 Tc BENEFITS Your retirement allowance may be made up of two components. BT BT You met at least one of the 2005 eligibility requirements to be grandfathered: you had at least 25 years of service credit; or. endobj /P <>BDC ET /P <>BDC BT 11.25 0 0 11.25 262.1009 98.4113 Tm endobj BT The regular pension portion is)Tj /Cs8 cs 1 scn /TT6 1 Tf 11.25 0 0 11.25 52.2361 202.7649 Tm 11.25 0 0 11.25 25.2 228.0125 Tm /P <>BDC (Presentations on TRS topics offered throughout the year)Tj SB 202, passed during the 2021 session, prohibits the school districts from requiring the rehired employee to pay any part of the penalty, and the district must pay the employee for the years of experience he/she had when he/she retired. BT 0 792.12 612 -792 re EMC BT /P <>BDC ( )Tj ( )Tj EMC /P <>BDC The higher the security clearance, the longer it can take to investigate, and the deeper the investigation may go into your background. 11.25 0 0 11.25 306.0522 356.8939 Tm The minimum criteria to retire with full pension for Tier 4 members is 55 years of age and 30 years of service; you can retire with less service at a reduced pension. 14.4 0 0 11.175 328.587 441.518 cm (State public employer before joining TRS, you may)Tj 0 Tw EMC 13.05 0 0 13.05 25.2 703.6624 Tm EMC EMC BT /P <>BDC EMC BT q 1 0 0 1 154.585 60.599 cm 0 0 m endobj ET (If you become physically or mentally incapable )Tj 0 0 0 1 k /P <>BDC ( )Tj ET ( )Tj 11.25 0 0 11.25 319.5 526.0006 Tm 386 0 obj BT ET (TRS offers you seven investment options, known)Tj ET ( )Tj In addition, our Tax-Deferred)Tj BT NOTE: If you are a Tier IV or VI member, upon receipt of your retirement application, TRS will review your EMC TRS-Care. ( Members who maintain a TDA account)Tj s ( )Tj Now you must be at least 60 and meet the Rule of 80. /GS1 gs /P <>BDC ET 12.6 0 0 12.6 522.008 295.0623 Tm Q EMC ( )Tj BT /Figure <>BDC EMC BT q 1 0 0 1 150.568 53.722 cm 0 0 m /P <>BDC 3.7441 -3.2726 3.2919 -3.2462 2.6891 -3.195 c /P <>BDC /P <>BDC /GS1 gs EMC 9.45 0 0 9.45 128.8079 423.3403 Tm BT ( )Tj 11.25 0 0 11.25 278.0093 663.3419 Tm . BT EMC -.01 Tc BT (before April 1, 2012 generally belong to Tier IV. BT /TT12 1 Tf BT BT q 1 0 0 1 124.578 76.912 cm 0 0 m ET /TT15 1 Tf 8.5218 -7.244 0 0 y BT BT ET BT EMC 11.25 -.0056 .0056 11.25 326.585 555.378 Tm -1.08 .4683 -1.2659 .6928 -1.2844 .7118 c ET (2)Tj ET EMC If you do not work past June 15, you will get a June, July, and August retirement check from TRS. Enter your email and date of birth below. ET H6P@S 33/%BLA"rL22cSe&(P(3)+/PH)- rKA0 PS /P <>BDC TRS will take deductions for your health )Tj /P <>BDC 0 .27 1 .09 k ET ET EMC 11.25 0 0 11.25 290.2425 173.4786 Tm BT EMC 11.25 0 0 11.25 45.4232 309.811 Tm ( )Tj (employees, generally will become vested after)Tj 3.1543 7.9487 2.0445 6.9651 2.0445 4.9985 c ET /P <>BDC /TT6 1 Tf ET (New York City or New York State public retirement)Tj PDF Understanding Your Retirement Plan and Options (Representatives available by phone or in person \(check our website for)Tj BT /TT10 1 Tf q (updates on available services. 1.188 .288 0 0 v (Currently, all TRS members belong to one of five)Tj /P <>BDC 9.45 0 0 9.45 70.7336 527.3619 Tm <> Q ( )Tj /TT12 1 Tf 11.25 0 0 11.25 281.2501 170.4121 Tm 10.651 18.504 10.53 10.712 v 1.765 .3048 3.6519 -.8528 v EMC 11.25 -.0056 .0056 11.25 326.4706 326.6512 Tm 11.25 0 0 11.25 568.8738 181.0648 Tm ET /P <>BDC /P <>BDC ET -11.686 -.3662 -11.869 7.3041 v EMC ET /TT18 1 Tf -7.4858 4.565 -7.1206 6.8168 v ET EMC ( )Tj 1 .5 0 0 k endobj /P <>BDC UqU| tGvs_%4M^&NwoDLWYb"bF|mi- .?SLt>Z{ho `g,!sDUir40{fj(w`YGK2r2 `-LE=(hPs40ev;cm\?Fz/Tz5(8t t_A=)==4:u(^+="!jk_7B~Q1BY_-edBM2E:XGltpA/F^" Loans must )Tj [(credit)17.1(ed ser)-25.8(vice. BT /P <>BDC 11.25 0 0 11.25 43.2361 104.338 Tm ET 11.25 -.0056 .0056 11.25 562.3719 491.8995 Tm EMC s 0 0 0 1 k /TT6 1 Tf endobj [(b)15.1(y)0( tw)12.2(o separat)17.1(e deductions on y)13.2(our pa)21.9(y)]TJ ET ( )Tj q 1 0 0 1 127.56 51.349 cm 0 0 m ET ET (year 2020, the general contribution limit is $19,500;)Tj BT ET EMC ET BT /P <>BDC /P <>BDC /TT13 1 Tf 1 .5 0 0 k 3.1508 1.1152 3.0948 1.1018 3.0292 1.0833 c ET 0 792.12 612 -792 re /P <>BDC (under the QPP. 11.25 -.0056 .0056 11.25 326.5922 569.7781 Tm ET 11.25 0 0 11.25 319.5 213.033 Tm BT /P <>BDC ET /P <>BDC 7.341 -2.4425 l /P <>BDC 0 Tc (contributions are automatically taken from your)Tj Tier 1 You retire under the rule of 80 and your best three years of salary will be used for your average salary. BT 9.9 0 0 9.9 357.076 119.5858 Tm 11.25 0 0 11.25 390.9225 608.7245 Tm 13.05 0 0 13.05 25.2 710.8624 Tm EMC ET (used to determine your eligibility for a retirement)Tj /P <>BDC 11.25 0 0 11.25 172.722 124.758 Tm Average Salary = Average of Three Highest Annual SalariesTotal Percent = Total Years of Service Credit x 2.3% Annual Annuity = Total Percent x Average SalaryMonthly Annuity = Annual Annuity 12 Retirement annuity calculators are available on the TRS website through MyTRS to assist you. -.025 Tc /Cs9 CS 1 SCN 4.3818 2.6185 5.4776 1.9486 v /TT5 1 Tf BT 0 Tc ET q 0 Tc 12.834 -1.4168 12.834 -12.834 y EMC 105.987 89.778 94.244 -50.903 re EMC -.8514 5.1738 -.487 3.0434 v EMC ( )Tj /GS1 gs There are six retirement "Tiers" within the TRS: Tier 1, Tier 2, Tier 3, Tier 4, Tier 5 and Tier 6. You will not be eligible for the health insurance unless you meet the requirements in one of the tiers below. 9.45 0 0 9.45 128.8079 488.339 Tm /P <>BDC -1.6417 8.2215 -1.4899 8.2448 -1.3356 8.2727 c -.005 Tc EMC ( )Tj 11.25 0 0 11.25 320.4 175.9536 Tm /GS2 gs BT /P <>BDC ET /P <>BDC Q EMC EMC approximately four weeks. (Education \(DOE\), the City University of New York \(CUNY\), and participating New York City Charter)Tj ET ( )Tj EMC /P <>BDC W n (an accident that was sustained in the performance)Tj 11.25 0 0 11.25 25.2 441.0637 Tm ET ( )Tj ET ( )Tj ( )Tj Upon retirement, you may transfer creditable service between ERS and TRS. ET EMC BT /P <>BDC Q endstream BT ET /Cs8 cs 1 scn /Cs8 cs 1 scn Q ( )Tj /P <>BDC EMC /P <>BDC EMC 11.25 0 0 11.25 577.5541 190.4536 Tm -1.3229 -8.5086 -1.4963 -8.3538 -1.4963 -8.0446 c ( )Tj /Figure <>BDC TRS Benefits in Brief Tier IV - trsnyc.org 0 Tc EMC EMC ( )Tj ( )Tj /P <>BDC /P <>BDC /GS2 gs ( )Tj BT 11.25 0 0 11.25 25.2 506.3804 Tm 11.25 0 0 11.25 306.085 520.7806 Tm 11.25 -.0056 .0056 11.25 591.002 670.4469 Tm /TT6 1 Tf ET /P <>BDC /GS1 gs ( )Tj ( )Tj [(April 1)7.8(,)0( 20)38(12\):)]TJ ET 0 792.12 612 -792 re 11.25 0 0 11.25 25.2 274.9793 Tm ( )Tj [(Ser)-27.8(vice R)16.1(e)8.8(tirement Plans and Benef)-6.8(its f)12.2(or Tier)-12.2(s III/IV)]TJ /P <>BDC BT endstream /P <>BDC /P <>BDC ( )Tj BT BT BT /P <>BDC 10.8 0 0 10.8 418.2473 138.9541 Tm 11.25 0 0 11.25 591.4906 262.9542 Tm BT BT /GS1 gs G. /P <>BDC BT (Tier VI Members)Tj EMC /P <>BDC -.01 Tc /P <>BDC ( )Tj 12.834 0 12.834 -.7084 v BT Please see the end of this)Tj 11.25 0 0 11.25 320.4 558.0414 Tm Q EMC EMC BT 0 0 0 0 k ( )Tj /P <>BDC ET )Tj 105.996 89.778 94.236 -50.894 re [(December 1)32.2(0, 2009)]TJ 11.25 0 0 11.25 320.4 659.5421 Tm 11.25 0 0 11.25 319.5 505.8405 Tm /P <>BDC /P <>BDC /P <>BDC EMC ET 1000 Red River St. - Austin, Texas 78701. ET ET ET 9.45 0 0 9.45 398.9036 74.4724 Tm /P <>BDC EMC BT (; )Tj ET 11.25 0 0 11.25 319.5 612.4015 Tm Q /TT6 1 Tf EMC Any time TRS uses the word grandfathered, it means that on or before September 1, 2005, you met any one of the following: If you dont meet one of the above, your pension will be calculated using the highest 5-year average. Retirement Eligibility Requirements - Teacher Retirement System of Texas )Tj The district must pay a surcharge for all retirees who retired after September 1, 2005. 45.6884 0 TD ( )Tj -3.8349 4.017 0 0 v /P <>BDC )Tj ( )Tj /P <>BDC BT If you die while)Tj ( )Tj /P <>BDC 11.25 0 0 11.25 482.6973 334.7798 Tm 11.25 0 0 11.25 320.4 529.0412 Tm BT BT ( for your surviving beneficiaries)Tj -5.9402 -4.1418 l BT 8.52 -8.7052 5.2948 -5.1127 v BT ET ET /P <>BDC /P <>BDC -.01 Tc The levels are organized as follows: Level or Tier 1: Low-cost generic and brand-name drugs. )Tj EMC 6.0942 -.4456 6.283 .0375 6.283 .6545 c /P <>BDC /P <>BDC 0 0 l 11.25 0 0 11.25 25.2 684.9421 Tm BT /P <>BDC BT (to make about your membership. ( )Tj ( )Tj /P <>BDC BT )Tj EMC ET 11.25 -.0056 .0056 11.25 326.6354 656.179 Tm EMC EMC BT 1.0393 -1.7941 .5733 -1.6815 .0698 -1.521 c 11.25 0 0 11.25 280.2503 245.9791 Tm 28 As of Aug. 31, 2016, the TRS-Care program covered about 261,500 retirees, dependents and surviving spouses. ( )Tj EMC /P <>BDC 9.45 0 0 9.45 128.8079 475.3392 Tm 4.565 8.2781 6.0251 7.1212 v (withdraw your TDA funds, or receive them as )Tj EMC EMC [(then be reduced t)15.1(o)0( 1)6.8(.85% and w)12.2(ould)]TJ /P <>BDC 6.0263 18.382 4.0173 19.538 v EMC -4.0778 2.7997 -4.1386 3.1648 v 0 792.12 612 -792 re <>stream Tier 5 members contribute 3.5 percent of salary throughout their active membership. BT One size fits all rarely works for clothing, and it turns out, it doesn't work for prescription drug coverage either. 9.45 0 0 9.45 105.5684 62.8877 Tm ET EMC ET 1.5566 -15.274 1.7157 -15.049 2.0338 -14.72 c 11.25 0 0 11.25 577.9224 392.7802 Tm ( )Tj /Im1 Do ET ( )Tj (still be a member of TRS, but you will have choices)Tj 1.4309 -7.1206 1.0479 -7.5919 .2812 -8.231 c 282 0 obj ET ET (Your TRS Benefits in Brief for)Tj (Tier IV vesting requirements are as follows: )Tj /P <>BDC ET 11.25 -.0056 .0056 11.25 585.5695 535.0883 Tm ( )Tj EMC EMC q You may be eligible to retire as)Tj /P <>BDC EMC EMC EMC ET The plan is To use purchased service credit in calculating service retirement benefits, a member must complete the purchase by the effective date of retirement or by the last day of the month in which the member submits a retirement application, whichever is later. ET 0 Tw /TT13 1 Tf f BT /TT5 1 Tf /TT12 1 Tf /Figure <>BDC (You may also contact TRS at 1 \(888\) 8-NYC-TRS. 0 Tc /P <>BDC 11.25 0 0 11.25 276.8776 385.6942 Tm ET EMC You had at least 25 years of service credit; or. Q /P <>BDC EMC BT 9.45 0 0 9.45 25.5959 527.3619 Tm ET W n 11.25 0 0 11.25 288.3529 672.2422 Tm /P <>BDC -8.6611 -4.1055 l [/DeviceN[/PANTONE#20322#20C]/DeviceCMYK 136 0 R] 11.25 0 0 11.25 25.2 158.9785 Tm ET 11.25 0 0 11.25 527.7625 223.5254 Tm EMC ( )Tj EMC 4.565 8.2781 6.0251 7.1212 v 387.408 59.746 53.991 -15.507 re BT 11.25 0 0 11.25 25.2 620.1415 Tm -2.0449 8.0386 -1.9608 8.156 -1.7918 8.203 c /P <>BDC BT /P <>BDC -2.0345 -6.2307 l /P <>BDC 3.5719 -8.6081 3.5487 -8.5426 3.5201 -8.458 c 13.5 0 0 13.5 31.7162 309.811 Tm ET EMC ET ( )Tj /P <>BDC BT EMC BT 10.8 0 0 10.8 586.2266 353.7313 Tm Q /P <>BDC 10.339 4.7533 11.133 3.0197 v 11.25 0 0 11.25 319.5 711.6722 Tm /P <>BDC endobj ET Should I take a partial lump-sum option from TRS? ( )Tj ( )Tj ET BT /P <>BDC <0002>Tj Service Retirement Plans and (code 7.2) - trsnyc.org 9.45 0 0 9.45 128.808 319.4922 Tm (through Electronic Fund Transfer \(EFT\) or by)Tj BT 11.25 0 0 11.25 278.7452 207.1325 Tm /P <>BDC ET EMC /P <>BDC EMC /TT15 1 Tf EMC BT EMC 11.25 0 0 11.25 278.943 49.4509 Tm )Tj Chapter Eight: Retirement Benefits | Teachers' Retirement System of the /P <>BDC BT ET ET q 1 0 0 1 179.386 67.441 cm 0 0 m ET -1.0946 -1.3994 -3.2255 -1.6426 v (TRS offers you the opportunity to build additional )Tj EMC BT They can be reached at 212-598-9536. 14.4 0 0 14.4 269.5657 657.9849 Tm 11.25 -.0056 .0056 11.25 589.1746 612.8472 Tm -.01 Tc (union. ET -.9639 1.7938 -.6035 1.7729 -.1269 1.7316 c ET BT /P <>BDC 10.8 0 0 10.8 32.436 104.338 Tm EMC 6.8543 -2.5636 6.3116 -3.0182 5.228 -3.4138 c /P <>BDC Q )Tj BT W* n ClearanceJobs is a DHI service. Notice: If you do not meet the requirements of any of the tiers, but you are 65 years of age and have at least five years of service, you may retire with no penalty for early retirement. /TT16 1 Tf BT <> -2.8608 -9.6775 -1.7654 -5.2952 v (by the symbol throughout this document. 10.8 0 0 10.8 509.2459 36.552 Tm 0 0 0 1 k EMC /P <>BDC /P <>BDC /GS1 gs .0232 -1.4648 0 -1.3432 0 -1.1548 c 11.25 0 0 11.25 565.5689 256.2334 Tm (supplemental retirement plan. endobj EMC BT ET /GS2 gs ET ET /TT13 1 Tf 200.617 790.933 209.392 -69.134 re 10.8 0 0 10.8 556.723 83.9372 Tm EMC ET ET Tier 6 members can collect a full pension at age 63 and are vested in the retirement system after achieving 10 years of service credit. BT 6.7322 7.9648 6.6286 8.1476 6.5446 8.268 c EMC 11.25 -.0056 .0056 11.25 591.022 656.0468 Tm <0002>Tj BT /P <>BDC 11.25 0 0 11.25 294.8018 199.2122 Tm EMC 13.2 0 0 11.219 30.264 103.251 cm /P <>BDC 10.8 0 0 10.8 42.3224 309.811 Tm '''''''''' 7 :" " BT 590.801 31.183 m ET EMC n5a4RX@k5OZ0E{Kyw^x*tRjso3{s2y$~'bo{ ux^Ou/i9E{5Bf(0#L)f/7 )$R3-f|.a26~~**5iyHk!L t~cUtGZ]PeuQbCV1 \w5$HY/IT5S;PmCN8i"cM_B)+q%C uzctG>#7.B:"&sFfR?EXBee,t~=G&V#s Ko hA}#eAaBznxGXs$0Q 8tjdL>j7W=nbX~~=WrO#R#sO; 3I {NEC@\om|\721D=@1{lFzO;D3 {l@w^Stg2:jY8(8n3J;!~}-YlMLm!Yi">"i5{*/AFWZ~3"u z2BZ5:=TKrWx\?t{52# :/zHnSX Xze4ordm,k0N\.fy/Pd"9#=De9Xk kx*exm}nsiZR$Hbv4T4=*fqy0h|XO=/\70Ro0.H59R:?!STX#=w=pAB-}8[YCnM ~ Nx)9PfA~>@~>/l?`EHP}'3 X6364h}zFLFHi!U$ ."VMBA,i "$ h[!:wQ_&(Q 11.25 0 0 11.25 319.5 540.4008 Tm BT 0 1.0099 -.1873 1.6324 -.5599 1.8672 c ( )Tj -12.356 12.963 -10.469 14.729 v 11.25 -.0056 .0056 11.25 566.1495 477.4974 Tm ( )Tj ET BT ( )Tj BT 11.25 0 0 11.25 121.621 145.5184 Tm <> 0 792 612 -792 re /P <>BDC A major overhaul to Texas' pension system for state employees is nearly law after it advanced out of the Texas Legislature on Sunday. /P <>BDC 1.3838 -6.2319 2.0673 -5.3705 y Acronym: TRS Alternate name: 401 (a) -1.0696 7.2112 l 11.25 0 0 11.25 43.6862 223.5254 Tm 11.25 0 0 11.25 259.5794 427.1796 Tm -.304 -.9124 0 0 v /TT5 1 Tf BT 10.8 0 0 10.8 302.9968 20.9373 Tm EMC 9.45 0 0 9.45 151.9698 74.2324 Tm ET ( )Tj 10.8 0 0 10.8 68.7472 57.0576 Tm Tier 2 You retire under the rule of 80 and your best five years of salary will be used to calculate your average salary. 2.2523 -.7301 2.9823 -2.0696 v -613 829 m EMC /P <>BDC ( )Tj /P <>BDC q 1 0 0 1 167.061 60.388 cm 0 0 m 11.25 0 0 11.25 586.5688 199.1066 Tm EMC BT BT 11.25 0 0 11.25 319.5 405.0394 Tm ( )Tj Copies are available from the NYSTRS at 800-348-7298. BT BT BT (at all times through the secure section of our )Tj ET [(y)13.2(our gr)18(oss com)8.8(pensation t)15.1(o)0( the QPP until)]TJ W n /GS1 gs 11.25 0 0 11.25 281.3002 677.7421 Tm endobj -1.4541 7.2112 -1.6461 7.3285 -1.6461 7.5638 c ET Member Milestones for ERS Tier 3 and 4 - New York Retirement News ET ET -1.7994 7.515 -2.0449 7.627 -2.0449 7.8516 c -.8514 5.1738 -.487 3.0434 v 1.765 .3048 3.6519 -.8528 v BT Level or Tier 3: High-cost, mostly brand-name drugs that may have generic . /P <>BDC .0004 Tw EMC ET ( )Tj endobj EMC /Im6 Do /P <>BDC EMC /TT12 1 Tf [(Common R)16.1(e)8.8(tirement Ques)14.1(tions)]TJ EMC /TT16 1 Tf /TT2 1 Tf ET 2.7744 -8.3138 2.3003 -8.2745 1.9821 -8.2745 c 11.25 0 0 11.25 320.4 587.0416 Tm Q !! 11.25 0 0 11.25 591.5175 390.6393 Tm endobj BT /P <>BDC ( )Tj /P <>BDC /P <>BDC BT endobj BT (are generally deferred on your contributions and )Tj 11.25 0 0 11.25 25.2 291.3732 Tm EMC /GS1 gs (However, if you have been a member of an eligible)Tj /P <>BDC 14.4 0 0 11.175 27.024 108.033 cm EMC (became TRS members; benefits may vary by tier. 13.05 0 0 13.05 329.0304 247.2332 Tm ET 11.25 -.0056 .0056 11.25 588.8967 569.647 Tm BT 11.25 0 0 11.25 555.6364 450.7806 Tm [(TD)22.9(A Loans)]TJ EMC /P <>BDC EMC EMC ET Glossary | NYSTRS Terms Defined | NYS Teachers' Retirement System (for any disability retirement benefit is subject to the)Tj Yes, for those who have been getting paid during the summer months!! ET BT Q ( )Tj The current limit of $35,000)Tj /P <>BDC 11.25 0 0 11.25 570.4796 626.8016 Tm ET As a state agency employee, you earn credit for each eligible payroll period in which you work and a retirement contribution is made. 11.25 -.0056 .0056 11.25 326.5533 492.0174 Tm EMC Call TRS at 1-800-223-8778 for the exact reduction of your annuity. BT ET ET ET ET EMC BT BT ( )Tj [(Y)91.7(our )18.1(TRS Benefits in Brief /T)37.1(ier IV9/20)]TJ [(Disability R)17.1(etirement Benefits)]TJ BT EMC BT ET 1.2077 10.654 1.5029 11.035 1.7927 11.422 c /P <>BDC -2.8608 -9.6775 -1.7654 -5.2952 v EMC Q /P <>BDC -.7448 0 0 0 v .3503 1.6897 .7101 1.6694 .9537 1.6694 c ET ( )Tj /P <>BDC Last month, for example, 2,500 educators in New York filed paperwork to retire, the pension system said. 280 0 obj ET W n /P <>BDC 0 Tc EMC 445.094 53.522 l (publications, is available at www.trsnyc.org. 381 0 obj 11.25 0 0 11.25 517.5468 455.5638 Tm 0 Tc /P <>BDC Purchasing Service Credit - Teacher Retirement System of Texas 325.238 314.123 263.361 -207.32 re (pay before taxes are deducted, thereby reducing the)Tj EMC (Inform TRS about any membership in another)Tj 11.25 0 0 11.25 181.6234 223.5254 Tm (defined as the highest average of wages earned )Tj /P <>BDC EMC 11.25 0 0 11.25 25.2 426.5636 Tm EMC 13.439 0 0 13.221 444.974 44.7 cm /TT10 1 Tf BT ET .9161 -4.1645 1.1047 -4.003 v /P <>BDC /P <>BDC /GS2 gs EMC If you retire at semester, you should get your first retirement check in 31 days. 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EMC /TT6 1 Tf /Link <>BDC -.01 Tc .005 Tc 11.25 0 0 11.25 319.5 697.2721 Tm 1.188 .288 0 0 v ( )Tj ET /P <>BDC EMC ( )Tj EMC 1 i TRS and ERS | ERS W n ET BT 0 0 0 1 k ET EMC /Cs8 cs .1 scn ( )Tj ( )Tj 4.9005 -7.456 4.9193 -7.4602 4.9479 -7.4691 c /P <>BDC /TT5 1 Tf 309.003 20.937 m EMC [(Y)59(our 4.85% contributions will be indicat)17.1(ed)]TJ
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