Nystrs please information 2025

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Payments from Social Security will comprise a very important part of your overall retirement income. Your entitlement to and receipt of this benefit will not in any way affect what you receive from NYSTRS under Tiers 1, 2, 4, 5 and 6.
A Cost-of-Living Adjustment (COLA) is a permanent annual increase to your pension, based on the cost-of-living index and a formula set by State law. Once you are eligible, you automatically receive a COLA increase each September.
A COLA payment is an adjustment based on the cost-of-living index that will permanently increase the retirement benefit you receive from the New York State and Local Retirement System. Once you become eligible and payments begin, your benefit will be automatically adjusted each September.
The average pension of a NYSTRS retiree with 30-35 years of service is $63,333 per year. security and reliability NYS teachers have come to expect for more than 100 years.
2025 benefit payments is 1.8%. By law, eligible retirees who have an annual benefit of $18,000 or more will receive a monthly increase of $27 beginning with the Sept. 30 pension payment.
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5 Years of Credit If you are a Tier 3-6 member, your pension became vested, and you are eligible for a NYSTRS service retirement benefit at age 55. (Vested Tier 6 members with an inactive membership must be at least 63 to retire.)

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