New Pension Benefit for Military Veterans

Updated: June 29, 2016
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Governor Cuomo recently signed into law a bill that allows honorably discharged military service personnel the opportunity to purchase up to three years of credit toward their New York City or New York State public pensions. Previously, New York state law only allowed former military members the chance to buy back pension credit if they fought in certain major military conflicts such as WWII, the Korean War and the Vietnam War. Read about it in the Daily News. NYC Teachers' Retirement System (TRS) members wanting to take advantage of this opportunity should contact TRS at 888-869-2877.