If you are eligible and planning to retire, you don’t need to delay filing. And, if you become ill with COVID-19, you may want to file for retirement to protect your loved ones.
Regardless of your reason for retiring, you can now file for a service retirement benefit using Retirement Online. This new feature makes applying for retirement faster and easier than ever before. If you don’t already have an account, sign up today.
File for a Service Retirement Online
After signing in to your Retirement Online account, scroll down to the ‘My Account Summary.’ On the right, under the heading ‘I want to…,’ click the green “Apply for Retirement” button.
From there, you’ll go through a series of screens where you’ll be able to:
- Choose a retirement date (the 15-day waiting period for a NYSLRS member’s retirement to take effect has been temporarily waived by a governor’s executive order);
- Get an estimate of your pension and the payment options available to you;
- Select a payment option (many provide a continuing benefit for a beneficiary after you die);
- Sign up for direct deposit; and
- Attach required documents, such as proof of date of birth.
A big advantage of filing for Retirement Online is that you do not have to get anything notarized.
After you click the “Submit” button, it is important that you do not close your browser until you receive a confirmation message that states your retirement application has been successfully submitted.
This help guide offers step-by-step instructions.
If you decide to file your application by mail, you will have to have your signature notarized on the application and on the payment option election form.
You can have forms notarized using audio-video technology, which allows a notary to witness a signature remotely. You can find more information about the virtual notary process on the New York Secretary of State website.
If you are in quarantine and perhaps unable to use a virtual notary, you can submit a signed form that is not notarized. You’ll need to include a letter to NYSLRS to explain that you were under quarantine when the form was signed, and submit notarized forms once the quarantine is lifted.
Filing for Service Retirement by Mail
You can still print an Application for Service Retirement and pension payment option election form and mail them to NYSLRS. If you mail the application, we recommend “certified mail, return receipt requested.” When we receive the form, the postmark date will serve as the filing date.
If you use regular mail, the filing date is the date we receive it. However, if you were to die after your application is mailed, but before we receive it, a legible postmark will serve as a filing date. (If you mail it from a post office, you can ask for a hand cancellation, which may help ensure the postmark is legible.)
If you plan to mail your application, you may want to read our blog post, Your Checklist to Apply for Retirement.
Disability Retirement Benefit
If you become seriously ill, you may wish to file for a disability retirement benefit. That way, if you were to die before your retirement date, your beneficiary may still be eligible for a continuing pension, rather than a one-time, in-service death benefit. You may apply for a disability retirement at the same time you apply for a service retirement — there is no 15-day waiting period when filing for disability retirement.
For information about applying for a disability retirement benefit as a result of becoming seriously ill from COVID-19, please read the Filing for Retirement Benefits During the COVID-19 Emergency blog post or visit our Disability Retirement Benefits page.
For More Details, Read Your Retirement Plan Booklet
Your service and disability retirement benefits and death benefits are based on your tier, plan, service credit, and other factors. For details about your available benefits, please read your retirement plan booklet, available on our Publications page, or you can call our Contact Center at 866-805-0990 if you have questions.