Tag Archives: pension verification letter

Use Retirement Online for a Pension or Mortgage Verification Letter

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For certain business transactions, such as getting a mortgage or housing, you may be asked to verify your NYSLRS benefit or account information. With Retirement Online, you can get your own verification letter in just a couple quick steps.

Use Retirement Online for a Pension or Mortgage Verification Letter

Pension Income Verification Letter for Retirees

As a retiree, you may need a letter verifying your pension income — maybe for housing or as part of an application for the Home Energy Assistance Program (HEAP).

Retirement Online is the fastest way to get a pension verification letter. Sign in to your account and from the ‘I want to…’ section of your Account Homepage, click the “Generate Income Verification Letter” link.

A pop-up box with a confirmation message will appear. Just click “OK,” and your pension income verification letter will open in a new browser tab, ready for you to print or save.

Mortgage Verification Letter for Members

Members (not yet retired) can quickly generate a mortgage letter in Retirement Online. Sign in to your account and from your Account Homepage, in the ‘I want to…’ section, click the “Generate Mortgage Verification Letter” link.

The letter will show your account summary, including the current balance of your contributions, and if you have a loan, the date of your last loan and current loan balance.

Note for both retirees and members: You can also request a pension income or mortgage verification letter using our secure contact form. Tell us what information you need the letter to include and be sure to provide your personal identification and contact information when you submit the form. In most cases, we’ll mail you a letter within five to seven business days.

Use Retirement Online

Retirement Online is the fastest and most convenient way to conduct business with NYSLRS. Submitting applications through Retirement Online speeds up the process and enables NYSLRS to serve you more quickly. 

If you need help signing in to your account, these tools and tips may come in handy.

Ten Things Every NYSLRS Retiree Should Know

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Even after you retire, it’s important to stay informed about your NYSLRS benefits. Here are ten things every NYSLRS retiree should know.

NYSLRS retiree
  1. Your retirement benefits are guaranteed by the State Constitution. Under Article 5, Section 7, your pension benefit cannot be “diminished or impaired.”
  2. The Common Retirement Fund, the pool of money your retirement benefits are paid from, is safe and secure. It has been widely recognized as one of the best-funded and best-managed public pension funds in the nation.
  3. Your NYSLRS pension is not subject to New York State or local income taxes, but it may be subject to federal income tax. Visit our Taxes and Your Pension page for more information.
  4. If you move to another state, your pension may be subject to that state’s income tax. Find out which states tax NYSLRS pensions.
  5. More than 95 percent of NYSLRS retirees use direct deposit for their monthly payment and their payments promptly arrive in their accounts on the last business day of each month. You can find out when your next pension payment is coming by checking our online pension payment calendar.
  6. You can stay informed about your benefits with Retirement Online. Creating an account is easy, and in many cases, you can use Retirement Online instead of sending in forms or calling NYSLRS.
  7. If you need proof of your retirement income to rent an apartment or get a mortgage, you can generate a pension verification letter in Retirement Online.
  8. Once you become eligible for a cost-of-living adjustment (COLA), you will receive annual increases in your pension amount. When your net benefit amount changes, NYSLRS will inform you.
  9. Your beneficiaries may be entitled to a death benefit after you die.
  10. A Guide for Retirees is a handy resource on our website. It provides important information about your benefits and the services NYSLRS provides for its retirees.

Not retired yet? Read our blog post Ten Things Every NYSLRS Member Should Know.