Tag Archives: statement

Make Sure You Receive Your Member Annual Statement

NYSLRS distributes Member Annual Statements beginning in May. Don’t wait for a copy in the mail—get your Statement sooner online!

Reminder for Retirees: Your Retiree Annual Statement is available online, and we mailed printed Statements by the end of February.

Get Your Member Annual Statement Sooner and Help Us ‘Go Green’

You can get access to your Member Annual Statement sooner than printed copies are mailed by updating your delivery preference to email. When you choose to get your Statement online, it’ll save you time—and it’ll help us ‘go green’ by reducing paper waste.

To update your delivery preference:

  • Sign in to Retirement Online.
  • Look under My Profile Information.
  • Click update next to ‘Member Annual Statement by.’
  • Choose Email from dropdown.

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

When your Statement is available, we’ll send an email notifying you to sign in to Retirement Online.

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

Get Your Member Annual Statement Faster with Retirement Online

Update Your Contact Information

We distribute Member Annual Statements based on the mailing or email address we have on file, so you should make sure your information is current. Retirement Online is the fastest and most convenient way to review your contact information and update it if needed.

To update your contact information:

If you don’t already have an email address on file, please provide it so we contact you quickly with important information, such as a change to your benefits. Use a personal email address you will have access to after you retire, not a work email address.

Use Retirement Online to Stay Informed

Your Member Annual Statement is a snapshot of your NYSLRS membership and benefits as of March 31, the end of the State fiscal year. For up-to-date account information throughout the year, sign in to Retirement Online. You can manage your beneficiaries, estimate your pension, request additional service credit, apply for retirement and more—without the hassle of printing and mailing forms or calling. Check out what else members can do in Retirement Online.

If you don’t have an account or for help signing in to an existing account, check out our Retirement Online Tools and Tips blog post where you’ll find information to help you register, reset your password, unlock your account and more.

Retiree Annual Statement Available Online

Your Retiree Annual Statement provides a year-end summary of your pension payments for the last calendar year, including the total amount you received and a breakdown of credits, deductions and taxes. It also gives you an explanation of the pension payment option you chose at retirement.

We mail printed Retiree Annual Statements by the end of February. However, we make Statements available in Retirement Online sooner than printed copies are mailed—and you can sign in to your account now to access yours.

Reminder for members: Make sure you receive your Member Annual Statement, which is distributed beginning in May.

Get Your Statement Online Now

 To view, save or print your Statement:

  • Sign in to Retirement Online.
  • Look under My Account Summary.
  • Click View My Retiree Annual Statement button.
  • If Retirement System is blank, click Look Up icon and select ERS or PFRS from dialog box.
  • Click Look Up icon next to Calendar Year field and select an option from dialog box.
  • Click Generate Statement.

The document will download on to your computer.

If you don’t have an 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 for Retirement Online.

Retiree Annual Statements are Available Online

Understanding Your Retiree Annual Statement

Your annual Statement provides year-end benefit and payment information for the previous calendar year, including:

  • Your total pension benefit amount before credits, deductions and taxes.
  • Credits for adjustments or reimbursements, such as a cost-of-living adjustment (COLA) or Medicare reimbursements. (Only applicable credits appear in your Statement.)
  • Deductions for recoveries, payments to an alternate payee, health insurance, or other dues or fees you’ve authorized to have deducted from your pension benefit. (Only applicable deductions appear in your Statement.)
  • The amount withheld for federal taxes.
  • Your total net benefit after credits, deductions and taxes.

If you have questions about the information and terms used in your Statement, check out our Guide to Your Statement for a short explanation of each.

Do Not Use Your Statement for Tax Purposes

While your Retiree Annual Statement includes pension payment and tax information, it is not a tax document. If your pension is taxable, we provide a 1099-R tax form (either through Retirement Online or by mail, depending on your delivery preference) for filing your taxes.

View Your Pension Pay Stub for Year-to-Date Information

Your pay stub gives you valuable insight into your monthly pension payment, including a breakdown of credits, deductions and taxes. Throughout the year, you can access your pay stubs online to see year-to-date totals.  

Get an Email Notification for Your Statement

Next year, you can get access to your Statement sooner by updating your delivery preference to email. When your Statement 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 ‘Retiree Annual Statement 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.