Teachers Retirement System of New York: 5,000,000 Members Strong

What is the Teachers Retirement System of New York (TRS)?

The Teachers Retirement System of New York (TRS) is a public pension fund that provides retirement, disability, and death benefits to more than 5,000,000 active and retired teachers and other school employees in New York State. TRS is one of the largest public pension funds in the United States, with assets of over $250 billion.

Who is eligible for TRS membership?

All public school teachers and other school employees in New York State are eligible for TRS membership. This includes teachers, administrators, counselors, librarians, and other professional staff.

How does TRS work?

TRS is a defined benefit pension plan. This means that your retirement benefit is based on a formula that takes into account your years of service, your salary, and your age at retirement. TRS also offers a variety of other benefits, including disability benefits, death benefits, and health insurance.

What are the benefits of TRS membership?

There are many benefits to TRS membership, including:

• A guaranteed retirement income
• Disability benefits if you become unable to work
• Death benefits for your beneficiaries
• Health insurance coverage for you and your family

How can I join TRS?

If you are a public school teacher or other school employee in New York State, you are automatically enrolled in TRS. You will receive a welcome packet in the mail with information about your membership.

How can I learn more about TRS?

You can learn more about TRS by visiting the TRS website at www.trsny.org. You can also call TRS at 1-800-348-7298.

TRS: A History of Service

TRS was founded in 1911 to provide a retirement system for public school teachers in New York State. Over the years, TRS has grown to become one of the largest and most respected public pension funds in the United States.

TRS is committed to providing its members with a secure and comfortable retirement. The fund is managed by a board of trustees that includes representatives from the state government, the teaching profession, and the general public. TRS is also subject to strict state regulations that ensure the fund's financial stability.

TRS: A Strong Financial Foundation

TRS is in a strong financial position. The fund has assets of over $250 billion and a funding ratio of over 100%. This means that TRS has enough money to pay all of its promised benefits to its members.

TRS's strong financial position is due to a number of factors, including:

• Conservative investment policies
• A long-term investment horizon
• A diversified portfolio of investments

TRS is committed to maintaining a strong financial foundation in order to provide its members with a secure retirement.

TRS: A Commitment to Members

TRS is committed to providing its members with the best possible service. The fund offers a variety of member services, including:

• Online account access
• Retirement planning assistance
• Disability and death benefits assistance
• Health insurance coverage

TRS is also committed to communicating with its members. The fund publishes a quarterly newsletter and annual report that keep members informed about their benefits and the fund's financial health.

TRS is a valuable resource for public school teachers and other school employees in New York State. The fund provides a secure and comfortable retirement, as well as a variety of other benefits. TRS is committed to providing its members with the best possible service and to maintaining a strong financial foundation.

Frequently Asked Questions about TRS

Q: What is the retirement age for TRS members?

A: The normal retirement age for TRS members is 65. However, members can retire as early as age 55 with a reduced benefit.

Q: How much will I receive in retirement benefits?

A: Your retirement benefits will be based on a formula that takes into account your years of service, your salary, and your age at retirement. You can use the TRS website to estimate your retirement benefits.

Q: What if I become disabled?

A: TRS offers disability benefits if you become unable to work. The amount of your disability benefits will depend on your years of service and your salary.

Q: What if I die?

A: TRS offers death benefits for your beneficiaries. The amount of your death benefits will depend on your years of service and your salary.

Q: How can I contact TRS?

A: You can contact TRS by visiting the TRS website at www.trsny.org or by calling TRS at 1-800-348-7298.

Additional Resources

• TRS website
• TRS annual report
• TRS quarterly newsletter

Tables

Table 1: TRS Membership Statistics

Table 2: TRS Financial Statistics

Table 3: TRS Member Services

Table 4: TRS Contact Information

Tips and Tricks

• Start saving for retirement early. The sooner you start saving, the more time your money has to grow.
• Contribute as much as you can afford. The more you contribute to your TRS account, the higher your retirement benefits will be.
• Take advantage of TRS's member services. TRS offers a variety of member services to help you plan for your retirement.
• Stay informed about your TRS benefits. TRS publishes a quarterly newsletter and annual report that keep members informed about their benefits and the fund's financial health.

Conclusion

TRS is a valuable resource for public school teachers and other school employees in New York State. The fund provides a secure and comfortable retirement, as well as a variety of other benefits. TRS is committed to providing its members with the best possible service and to maintaining a strong financial foundation.