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Being vested means that you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements established by your retirement plan.

Separating from Service before Retirement In general, if you are vested, you can maintain your membership rights and retire once you meet age requirements. If you are not vested, your TRS membership will expire 7 school years after you separate from service.

You can also contact us by phone, at 1 (888) 8-NYC-TRS (869-2877) during our normal business hours. (Note: TRS offices will close at 1:00 p.m. on Fridays from July 7 through September 8, 2023.)

ing to the National Council on Teacher Quality (NCTQ), if you leave before meeting your plan's “vesting” requirements (see next question below), you'll typically get back only your pension contribution and a small amount of interest in most states.

Appointed teachers and pedagogues in New York City's public schools automatically become TRS members as of their appointment date. They do not need to submit an enrollment request.

Tier 4: 1.67% x years of NYS service if credited with less than 20 years, or 2% x years of NYS service if credited with 20 to 30 years. 60% plus 1.5% for each year of NYS service beyond 30 years. A prorated reduction of up to 27% when retirement occurs before age 62 with less than 30 years of NYS service.

If you leave employment after attaining vested rights in the pension system, you may withdraw the balance of your TDA account or you may elect TDA Deferral status. Electing TDA Deferral status allows you to continue your participation in the TDA Program. Note that Required Minimum Distributions begin at the age of 70½.

For more information see IRS Publication 575, Pension and Annuity Income. If you roll over a payment from TRS to a Roth IRA, a special rule applies under which the amount of the payment rolled over (reduced by any after-tax amounts) will be taxed.

Being vested means that you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements established by your retirement plan.

Separating from Service before Retirement In general, if you are vested, you can maintain your membership rights and retire once you meet age requirements. If you are not vested, your TRS membership will expire 7 school years after you separate from service.

You can also contact us by phone, at 1 (888) 8-NYC-TRS (869-2877) during our normal business hours. (Note: TRS offices will close at 1:00 p.m. on Fridays from July 7 through September 8, 2023.)

ing to the National Council on Teacher Quality (NCTQ), if you leave before meeting your plan's “vesting” requirements (see next question below), you'll typically get back only your pension contribution and a small amount of interest in most states.

Appointed teachers and pedagogues in New York City's public schools automatically become TRS members as of their appointment date. They do not need to submit an enrollment request.

Tier 4: 1.67% x years of NYS service if credited with less than 20 years, or 2% x years of NYS service if credited with 20 to 30 years. 60% plus 1.5% for each year of NYS service beyond 30 years. A prorated reduction of up to 27% when retirement occurs before age 62 with less than 30 years of NYS service.

If you leave employment after attaining vested rights in the pension system, you may withdraw the balance of your TDA account or you may elect TDA Deferral status. Electing TDA Deferral status allows you to continue your participation in the TDA Program. Note that Required Minimum Distributions begin at the age of 70½.

For more information see IRS Publication 575, Pension and Annuity Income. If you roll over a payment from TRS to a Roth IRA, a special rule applies under which the amount of the payment rolled over (reduced by any after-tax amounts) will be taxed.