Your Death Benefit Beneficiaries
NYSLRS retirement plans provide death benefits for beneficiaries of eligible members who die before retiring. It’s important to name beneficiaries and review them periodically. Life circumstances...
View ArticleCan You Change Your Beneficiary After You Retire?
That depends. If you choose a pension payment option that provides a lifetime benefit for a beneficiary, you cannot change your beneficiary even if they die before you do. However, if you choose a...
View ArticleWhere Are Your Important Documents?
We accumulate a lot of important documents over a lifetime — things such as birth certificates, diplomas, deeds, wills, insurance policies and more. If you’re like many people, you may have papers...
View ArticleKnow Your Benefits: Death Benefits
NYSLRS membership provides more than just retirement benefits. For most members, if you die while in active service, your beneficiary may be eligible to receive a death benefit. Here is an overview of...
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 ArticleMore Than One Million Strong: The Growth of NYSLRS
When NYSLRS formed in 1921, it started with a total of 4,721 participants (4,672 members and 43 retirees). Today, NYSLRS provides retirement security to 643,178 members and 430,308 retirees and...
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...
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 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 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 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 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 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 ArticleClik here to view.
Why Designate a Beneficiary?
When you designate a beneficiary, you choose a person to receive a benefit after your death. By choosing a beneficiary, you’re ensuring that money goes to the person you want to receive it. Why Should...
View ArticleClik here to view.
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 ArticleClik here to view.
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,...
View ArticleClik here to view.
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...
View ArticleClik here to view.
Power of Attorney
The NYSLRS Special Durable Power of Attorney form allows you to designate someone else to act on your behalf regarding retirement benefit transactions. The person you designate, referred to as an...
View ArticleClik here to view.
NYSLRS Basics: Special Beneficiary Designations
As a NYSLRS member, it’s important for you to name beneficiaries. When you die, your beneficiaries may be eligible to receive a death benefit. You can choose anyone you wish to receive your death...
View ArticleClik here to view.
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...
View Article
