Post: Calculating your FAS with the new UFT contract

    disneycrazy

    Posted on 5/26/16

    Thinking of retiring at the end of this school year
    because my severe osteo has gotten worse. It's harder
    for me to get around. The UFT had said that people that
    retired after 6/30/14 would have the two 4% salary
    increases from 2009-2011 included in the final average
    salary calculation, but according to TRS they are not
    doing that. I am trying to get some info from a person
    that retired on 7/1/14 or later. How did they calculate
    your FAS and is TRS recalculating your pension every time
    the retro 2% is added to a person's salary in May?
    Thanks for any info you can give. Asking the UFT is of
    no use.


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