Full-time instructional staff members may choose between the New York City Teachers' Retirement System (TRS) and the Optional Retirement Program (ORP). Those who elect the optional retirement program may choose investment options through the Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF).
New York State law mandates participation in a retirement system for Civil Service Managerial, Competitive and Labor Class employees. New staff must file their retirement application with the Office of Human Resource Services within six months from their appointment date.
Decision must be made within the 30 days of employment, and it is irrevocable. If no choice is filed within 30 days, the law mandates that the member be assigned to the TRS program.