* Re: TRS-TDA Fixed Return Fund:
Returns for the Fixed Return Fund are set by New York State Law. Currently, members affiliated with the United Federation of Teachers are credited with 7% annually on
TDA investments in the Fund. Non-UFT members are credited with 8.25%.
The City paid these account holders about $2.1 billion in interest for the fiscal year ended on June 30, 2022.
How dare the City tell us it cannot afford to keep its retirees on the traditional Medicare program!
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