Additional Annuity and Earnings Credits

Additional Annuity and Earnings Credits

Overview

The Teachers’ Retirement Board has the statutory authority to declare a credit when the funded status of the Defined Benefit Supplement program and the Cash Balance Benefit program surpass certain thresholds after periods of substantial investment earnings.

General Information

2017 Additional Earnings Credit

The Teacher’s Retirement Board declared a credit to the Defined Benefit Supplement and Cash Balance Benefit programs on May 10, 2018, for fiscal year 2016-17 due to the programs showing substantial investment earnings.

General Information

2015 Additional Earnings Credit

The Teacher’s Retirement Board declared a credit to the Defined Benefit Supplement and Cash Balance Benefit programs on April 7, 2016, for fiscal year 2014-15 due to the programs showing substantial investment earnings.