Our publication A Guide for Retirees is a valuable resource to read if you’re retired or planning to retire soon. This guide details the continuing benefits and services NYSLRS provides for its retirees.
What’s Inside A Guide for Retirees?
The first section of A Guide for Retirees outlines your benefits in clear, straightforward language. It provides an estimate of when to expect your first pension check, along with a couple reminders to help avert any delay in your payment. There’s also a brief description of how we calculate your benefit and information about what to do if you believe your benefit was calculated incorrectly.
Your NYSLRS retirement benefit will provide you with monthly payments for the rest of your life. But that doesn’t mean the amount of your pension won’t change. For example, your benefit will increase once you are eligible for a cost-of-living adjustment. Signing up for Medicare or getting a divorce can also change your benefit amount.
The booklet also describes benefits that your survivors may be eligible for, such as the post-retirement death benefit.
Services We Offer
A Guide for Retirees describes services NYSLRS provides for retirees, including:
- Retirement Online. A fast and secure way to do business with NYSLRS.
- Automated Information Line. You can call 24 hours a day, seven days a week to request a form, check your COLA eligibility, get general tax information and more.
- Direct Deposit. Have your pension deposited directly into your bank account.
- Pension Verification Letters. You can create your own in Retirement Online or we can send one at your request.
- Individual Consultations. You can discuss your benefits with one of our information representatives in person or over the phone.
Your benefits come with certain responsibilities. Most importantly, you need to let us know if your address changes. Even if you’re getting your pension through direct deposit, we need to have your correct address so we can send you tax documents and other important information.
This section also reminds you to keep your beneficiary information current, contact us if your check is lost or stolen, and review your withholding regularly.
Read our recent blog posts about other NYSLRS publications: