Frustrated retirees of the City University of New York called on the system to immediately provide the city Teachers’ Retirement System with educators’ salary histories so that hundreds of them who chose a pension plan sponsored by TRS could be made whole.
TRS uses age, years of service and the final average salary to determine monthly retirement allowances, but after the Professional Staff Congress and CUNY in 2016 settled a contract that included a 10.4-percent wage hike, CUNY did not immediately provide the pension system with updated salary information for retirees who were owed back pay under the deal.
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