NYU Retiree Choices 2025

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The document provides an overview of retirement benefits available to NYU retirees, including medical and life insurance options, dental and vision plans, tuition benefits for dependents, and various discounts and services. It outlines eligibility criteria for these benefits, details on medical plan choices, and additional resources for retirees. The guide serves as a comprehensive tool for current retirees and employees aged 50 and over to understand their retirement options at NYU.

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Does NYU give a pension?

To receive benefits from the NYU Staff Pension Plan, you must submit an application to Aon, which will provide you with the forms you need. You will be notified of the amount of your benefit and your payment options no later than 90 days after you request a pension.

What are the benefits of working at NYU?

NYU-NY full-time employees may choose from several plans of health coverage. They may also enroll in the NYU Dental Plan and have access to the NYU Retirement Plan, disability and life insurance, NYU LiveSmart wellness programs and activities, and the Employee Assistance Program.

What is a retiree benefit plan?

Retiree health coverage is health insurance that some employers, unions and trusts may offer to retiring employees and their spouses. Typically, it is group health insurance similar to plans offered to active employees. Eligibility, enrollment, coverage and other rules are specific to each employers retiree plan.

Do CUNY employees get a pension?

While CUNY provides a mandatory retirement and pension plan, many employees chose to supplement the mandatory plan with participation in one of the voluntary plans that is offered to CUNY employees. This allows for employees to grow their retirement savings as well as enjoy some current tax savings where applicable.

What is the retirement age for NYU Langone?

Normal Retirement: Generally, normal retirement is at age 65, although you may retire before or after then (assuming you meet Plan requirements). The earliest you can collect your Staff Pension Plan benefits is age 60 (at a reduced amount) provided you are vested or at any age if you have 25 years of service.

How much does NYU contribute to retirement?

After a year of service, NYU provides a non-elective contribution of 5% of your base salary. In addition, if you make employee contributions, NYU will make a matching contribution on your behalf with respect to your employee contributions up to 5% of your base salary.

What are the benefits of retired faculty at NYU?

Retiree benefits include medical, dental, and vision coverage; life insurance continuation; access to Health Advocate, Inc.; and tuition benefits.

Do NYU employees get a pension?

Together with your other retirement income resourcesSocial Security, the NYU Supplemental Tax Deferred Annuity Plan and your own personal savingthe NYU Staff Pension Plan can help you ensure a steady monthly income throughout your post-working years.

NYU Retiree Choices 2025

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