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Retirees: Your 1099-R is Available Online

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Retirees: Your 1099-R is Available OnlineTax season is here. While your NYSLRS pension is not subject to New York State or local income tax, most NYSLRS pensions are subject to federal income tax. Each year, we provide a 1099-R tax form with the information you need to file your taxes.

We mail printed 1099-Rs by January 31. However, we make 1099-Rs available in Retirement Online sooner than printed copies are mailed—and you can sign in to your account now to access yours.

Get Your 1099-R Online Now

To view, save or print your tax form:

  • Sign in to Retirement Online.
  • Look under My Account Summary.
  • Click Manage My 1099-R Tax Forms button.
  • Select 2024 from Year dropdown. (Note: 2024 and 2023 are currently available online.)
  • Click Generate button.

If you have one tax form, the document will open in a new browser tab. If you have more than one tax form, the documents will download to your computer.  

Please check your browser settings and disable pop-up blockers to ensure your tax form is generated. By default, your browser may block pop-ups, which could prevent a new tab from opening or the file from downloading.

If you don’t have a Retirement Online account, check out our Retirement Online Tools and Tips blog post, where you’ll find a link to step-by-step instructions to help you register.

Understanding Your 1099-R

Your tax form includes:

  • The total benefit paid to you in a calendar year.
  • The taxable amount of your benefit.
  • The amount of taxes withheld from your benefit.

If you have questions about the information on your tax form, check our interactive 1099-R tutorial. It walks you through a sample and offers a short explanation of each box on the form.

Get an Email Notification for Your 1099-R

Next year, you can get access to your tax form sooner by updating your delivery preference to email. When your 1099-R is available, we’ll send an email notifying you to sign in to Retirement Online.

  • Sign in to Retirement Online.
  • Look under My Profile Information.
  • Click update next to ‘1099-R Tax Form Delivery by.’
  • Choose Email from dropdown.

Be sure the email address listed in your Retirement Online profile is current.

Note: If you choose email as your delivery preference, you will not receive a printed copy in the mail.

Estimate Your Pension in Retirement Online

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Here is an important retirement planning tip — most members can create their own pension estimate in minutes using Retirement Online. Your estimate will be based on the most up-to-date account information we have on file for you. You can enter different retirement dates to see how those choices would affect your benefit. When you’re done, you can print your pension estimate or save it for future reference.

Estimate Your Pension in Retirement Online

How to Create a Pension Estimate

To get started:

  • Sign in to Retirement Online.
  • Click the ‘Estimate my Pension Benefit’ button to access the pension calculator.
  • Enter the date (or age) you plan to retire.

You can fine tune your estimate by entering your annual earnings and expected pay increases. You can also include any service credit you plan to purchase. If you add the birthdate for a beneficiary, you’ll see the estimated monthly payment amounts under the pension payment options that provide a benefit for a survivor.

Remember, the pension amounts you’ll see are just an estimate; it is not a guarantee of what you’ll receive when you retire.

Most Tier 2 through 6 members (more than 90 percent of all NYSLRS members) can use the Retirement Online pension calculator. However, some members may not be able to because of their circumstances — for example, members who recently transferred to NYSLRS, some PFRS members, or Tier 6 members with between five and ten years of service. The system will notify you if your estimate cannot be completed using the Retirement Online pension calculator. Please contact us to request a pension estimate if you receive this notification.

Do More With Retirement Online

In Retirement Online, you can view your date of membership, tier, retirement plan, estimated total service credit and more. Purchase previous service credit well before retirement and save on interest costs. Check out what else members can do in Retirement Online.

If you don’t already have an account, learn more and register for one today. If you need help with Retirement Online, read our Retirement Online Tools and Tips blog post.