Popular Blog Posts You May Have Missed

New York Retirement News is dedicated to keeping NYSLRS members and retirees informed about developments that may affect their benefits. In case you missed them, or just want to take another look, here are some of our most popular blog posts from the past year.

popular blog posts
 
  1. Becoming Vested
    Becoming vested is a crucial milestone in your NYSLRS membership. Under legislation enacted in April 2022, Tier 5 and 6 members are now vested after five years of service. Previously, these members needed ten years of service credit to be eligible for a service retirement benefit.

  2. Update Regarding Retiree Earnings Limit
    Normally, most NYSLRS retirees who return to work for a public employer are limited in how much they can earn before their pension would be suspended. The limit is $35,000 per calendar year, however, executive orders from the Governor and legislation temporarily suspended this limit. Read the blog post for current information.

  3. Enhanced Death Benefit for Survivors of COVID-19 Victims
    Survivors of NYSLRS members who contract COVID-19 on the job may be entitled to an enhanced death benefit if the member dies as a result of the disease. This accidental death benefit covers eligible deaths through December 31, 2024.

  4. Find Your Retirement Plan Publication
    Your retirement plan publication is an essential resource that provides comprehensive information about your NYSLRS benefits. It explains how long you’ll need to work to receive a pension, how your benefit is determined, what death and disability benefits may be available and more. Our new tool can help you find your plan publication.

  5. What is a Defined Benefit Plan?
    As a NYSLRS member, you are part of a defined benefit plan, also known as a traditional pension plan. Defined benefit plans are often confused with defined contribution plans, but there are major differences between the two types of plans.

Other Popular Blog Posts

Our blog covers a variety of topics, including supplementing your NYSLRS pension with retirement savings, new retirement online features for retirees and age milestones for retirement planning. We also busted some common retirement myths. Keep reading for more posts on NYSLRS benefits, legislation updates and other retirement information. If you haven’t already subscribed to New York Retirement News, fill out our Subscribe form now to receive an email when we publish new posts.

Thank you for reading New York Retirement News!

8 thoughts on “Popular Blog Posts You May Have Missed

  1. Michael Smith

    I have been retired since March 2021, I have run into several former state employees who retired around the same time who have their FAS complete. In the conversation they stated they posted on FB and other social media places, complaints. I have been told the process is first come first serve basis, but if that is true, then how do others have theirs done when retiring after myself? If complainers are being pushed ahead, then I am just being pushed back. I know the amounts are nominal(?), not sure how money someone earned and is due is considered nominal, but is an argument I do not wish to make here. I mostly am curios why the timeframes have expanded so greatly since the new systems were installed. Please do not quote Covid-19 as my staff and unit were required to show we could perform as well telecommuting as in office. Thanks for your time.

    Reply
  2. Sue Horowitz

    Was told my retirement benefits would be recalculated based on a bonus I received prior to my retirement . I retired Dec. 2020. I spoke to someone at NYSLRS at that time; they indicated it would take @ a year or so. Information please?

    Reply
    1. NYSLRS Post author

      When you retire, your pension payment is based on the salary and service information we have on file for you at retirement. NYSLRS often receives adjustments to earnings for retirees well after the date of retirement, and is working hard to recalculate pension amounts and provide retroactive payments as quickly as possible.

      Reply
    1. NYSLRS Post author

      If you are having trouble updating your personal information in Retirement Online, please call our Call Center at 866-805-0990. The Call Center is available Monday through Friday from 7:30 am – 5:00 pm.

      Reply
  3. Chuck martins

    I am a retired public employee. Does the earnings I make with BOCES as an independent contractor count toward my $35,000

    Reply
    1. NYSLRS

      Normally, if you joined NYSLRS on or after May 31, 1973, your earnings with a public employer are regulated by Section 211 or Section 212 of the Retirement and Social Security Law, even if you are working as an independent contractor, and you would be subject to the earnings limit.

      Under recent legislation, however, earnings from a school district or BOCES will not count toward a retiree’s annual earnings limit through June 30, 2024. Read our Update Regarding Retiree Earnings Limit blog post for more information about the legislation.

      For account-specific information, please message our customer service representatives using our secure contact form. Filling out the secure form allows them to safely contact you about your personal account information.

      Reply

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