Fixed Return Fund
The Fixed Return Fund offers a guaranteed rate of return set by the New York State Legislature in accordance with applicable laws. The current annual rate is 7% for members who are serving in (or resigned/retired from) titles represented by the United Federation of Teachers (UFT) and 8.25% for other members.
These figures are annualized.
| 1 Year 6/1/25 to 5/31/26 |
3 Years 6/1/23 to 5/31/26 |
5 Years 6/1/21 to 5/31/26 |
10 Years 6/1/16 to 5/31/26 |
|
|---|---|---|---|---|
| TDA/UFT | 7.00% | 7.00% | 7.00% | 7.00% |
| All Others | 8.25% | 8.25% | 8.25% | 8.25% |
QPP: Tier I and II members are credited with 8.25% annually on QPP investments in the Fixed Return Fund; this rate has been in effect since July 1, 1988.
TDA: Members who are serving in (or resigned/retired from) a title represented by the United Federation of Teachers (UFT) are credited with 7% annually on TDA investments in the Fixed Return Fund. This rate has been in effect since December 11, 2009; the previous rate was 8.25%. Other members are credited with 8.25% annually on TDA investments in the Fund; this rate has been in effect since July 1, 1988.
The Fixed Return Fund does not have a monthly unit value, unlike the other Passport Funds, whose returns may vary from month to month.