Countdown To Retirement — The Last 18 Months

After taking the time to plan and get informed about your NYSLRS retirement benefits, you’ve decided you’re ready to retire. There are important things you need to do in the final months leading up to your retirement date. Our Countdown to Retirement series will help you remember what to do and when.

At 18 Months Out

When you are within 18 months of your planned retirement date, you should request a NYSLRS retirement estimate. This estimate contains information about your retirement benefits and the approximate amount of what your retirement benefit could be under different payment options.

To get your NYSLRS retirement estimate, send us a completed Request for Estimate form. Make sure you include the following on the form:

  • Planned retirement date
  • Name and birth date of your intended beneficiary
  • Public employment history

Your NYSLRS Retirement Estimate

When you receive your NYSLRS retirement estimate, you can expect to see your:

Having your NYSLRS retirement estimate also allows you to see how your pension could be affected by an outstanding loan balance or if you purchase additional service credit. By finding this information out now, you can avoid any surprises when you finally retire.

The NYSLRS retirement estimate is based on the information we have on file for you, so once you receive your estimate, make sure that it’s accurate and report any errors to us as soon as possible. Also keep in mind that if you receive your estimate, and decide that you are not ready to retire, you can request a new one whenever your situation changes.

Counting Down

Your planned retirement date will be around the corner before you know it. Check back for more Countdown to Retirement posts on pre-retirement issues, reviewing other retirement income, and preparing a post-retirement budget.

6 thoughts on “Countdown To Retirement — The Last 18 Months

  1. Raymond Albanese

    Retirement scares the daylights out of me but the information I received from you is a big help. Thank you for the helpful information.

    Reply
    1. NYSLRS Post author

      Raymond, thank you for your comment! We’re glad you find our retirement resources helpful. Make sure you check out the latest posts in the Countdown to Retirement series:

      Keep an eye out for the last Countdown post later in November.

      Reply
    2. Martha Howe

      This site says 18 months before retirement, submit a request for retirement estimate. Yet page 2 of the form actually says this form must be filed “not more than 90 days before your retirement can become effective.” Which is correct?

      Reply
      1. NYSLRS

        You can submit a Request for Estimate form (RS6030) 18 months before your planned retirement date. The Request for Estimate form is not the same as a retirement application form.

        The language on page 2 is referring to an Application for Service Retirement (RS6037), which you would not submit until you actually file for retirement, 15 – 90 days before you wish to retire.

        Reply
  2. Salim Chishti

    I am about to submit my Request for Estimate form (RS6030). I had service many years ago when I worked for my college library in the state system. But now I cannot remember the exact dates which are asked for on the form. What should I do, is there any way to get that information?

    Reply
    1. NYSLRS

      You can use a broad range of dates if you don’t know the exact dates of your employment history. We will write to your employer if there is any missing service, and send you the cost (if any) for securing the additional service credit.

      Reply

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