Nys retirement loan application 2025

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What is Service Credit? Service credit is a core component of your New York State and Local Retirement System (NYSLRS) membership. It determines when you are entitled to a pension even if you leave public service before you are eligible to retire (vested).
Once you are eligible for a NYSLRS loan, you can find out your specific borrowing limit and other important loan information through Retirement Online. Email us using our secure contact form. Call our automated phone service at 866-805-0990 (press 2 for members, then follow the prompts).
Contact Us If you have trouble using Retirement Online or are unable to register for an account, please call our Contact Center at 866-805-0990 or 518-474-7736 in the Albany, New York area.
If you have at least five years of Credited Service your pension vests automatically, which means you can collect a Vested Retirement Benefit at age 63. If you have less than 10 years of Credited Service, you may request a refund of your contributions, plus 5% compounded interest.
If you joined NYSLRS on or after January 1, 2018: You may borrow up to 50 percent of your contribution balance or $50,000, whichever is less. You must have an account balance of at least $2,000 to borrow $1,000.
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