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What is my NYS retirement number?

Call 1-866-805-0990 (518-474-7736 in the Albany, New York area), press 2 for retirees and follow the prompts.

Are NYCERS pensions guaranteed?

PENSION \u2013 AN INVALUABLE BENEFIT Your membership with NYCERS provides a guaranteed income for life upon retirement, as well as the opportunity to provide a continued retirement benefit to a designated beneficiary upon your death after retirement.

How long does a NYCERS pension last?

The Maximum Retirement Allowance is payable to you only for your lifetime with no benefits continuing after your death. See the enclosed \u201cOption Letter\u201d brochure to see an example of what you should expect. Option The option you select is important to both you and your beneficiary, should you choose to nominate one.

How much is the NYCERS death benefit?

When he or she dies, the surviving designated beneficiary will be paid $12,867 per year (75% of $17,156). If the designated beneficiary predeceases the retiree, all payments would then end upon the death of the retiree. The retiree receives a reduced monthly lifetime benefit.

What is NYCERS membership?

Your membership with NYCERS provides a guaranteed income for life upon retirement, as well as the opportunity to provide a continued retirement benefit to a designated beneficiary upon your death after retirement.

How long does a NYCERS pension last?

The Maximum Retirement Allowance is payable to you only for your lifetime with no benefits continuing after your death. See the enclosed \u201cOption Letter\u201d brochure to see an example of what you should expect. Option The option you select is important to both you and your beneficiary, should you choose to nominate one.

How much is NYS death benefit?

The Survivor's Benefit Program provides a death benefit to the beneficiaries of eligible retired New York State employees. For most retirees, the amount is $3,000.

How long does a New York State pension last?

With 20 years of creditable service, you will receive a retirement benefit of 50 percent of your Final Average Salary (FAS).

Are NYCERS pensions guaranteed?

PENSION \u2013 AN INVALUABLE BENEFIT Your membership with NYCERS provides a guaranteed income for life upon retirement, as well as the opportunity to provide a continued retirement benefit to a designated beneficiary upon your death after retirement.

What is basic death benefit?

The basic employee death benefit (BEDB) is a lump sum death benefit payment made to the surviving spouse of a deceased employee covered by the Federal Employees Retirement System (FERS).

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What is my NYS retirement number?

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