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Your Checklist to Apply for Retirement
After months of planning and preparation, you’re ready to apply for retirement. To get your NYSLRS pension benefit, you need to send in an application. Let’s look at what you should include with the...
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Where Are Your Important Documents?
We accumulate a lot of documents over a lifetime — things like birth certificates, diplomas, deeds, wills and insurance policies. If you’re like most people, you probably have papers stuffed in...
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Five and Ten Year Pension Payment Options
NYSLRS pension payment options are designed to fit your needs after you retire. Understanding these options will make it easier for you to choose the one that’s right for you. While the basic option,...
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Certain Payment Options Provide a Lifetime Benefit for a Loved One
When you apply for a NYSLRS pension, you’ll be asked to pick a pension payment option. All payment options will provide you with a monthly benefit for the rest of your life. With the Single Life...
View ArticleChoosing Your Pension Payment Option
When you retire from NYSLRS, you’ll need to decide how you want to receive your pension benefit. You’ll have several pension payment options to choose from. All of them will provide you with a monthly...
View ArticleNYSLRS – One Tier at a Time: PFRS Tier 5
When you join the New York State and Local Retirement System (NYSLRS), you’re assigned a tier based on the date of your membership. There are six tiers in the Employees’ Retirement System (ERS) and...
View ArticlePrepare Your Affairs and Survivors
After you’re gone, will your loved ones know how to handle your affairs? Will they know where to find your important documents, such as your will? Will they be able to make sense of your finances?...
View ArticleCan You Change Your Beneficiary After You Retire?
Can you change your beneficiary after you retire? That depends. If it’s the beneficiary for your pension, in most cases the answer is no. If you choose a pension payment option that provides a lifetime...
View ArticleKnow Your Benefits: Disability Retirements
Many of us dream about retirement, but not one of us pictures leaving the workplace because we can’t perform our duties anymore. Yet the truth is debilitating medical conditions do happen. Though we...
View ArticleHow To Keep Your NYSLRS Records Up-to-date
Whether you joined NYSLRS recently or are preparing to retire, accurate records are essential. To make sure that your records are ready when you are, it’s important to check and update your NYSLRS...
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