Headlines

Review this item often for the latest updates. Our phone lines remain open at (800) 348-7298. PREP seminar videos are available online and consultations are being done by phone or personal device video.

Retired public employees who live and spend their pension dollars in small towns and rural communities help jumpstart their local economies – especially during troubled times, according to a new study by the National Institute on Retirement Security (NIRS).

Teachers who left public school employment before becoming vested may have forgotten that they are eligible for a refund of their NYSTRS contributions. We want to get those funds into the hands of their rightful owners, and you can help.

Eligible retirees will receive an extra $45 monthly beginning with the September 30 pension payment under New York’s legislated cost-of-living adjustment (COLA).

Legislation enacted as part of the state budget now allows Tier 5 and 6 members to vest with five years of service credit, makes changes to Tier 6 member contribution calculations, and extends the suspension of the cap on earnings in retirement for work at a school district or BOCES.

Defined benefit (DB) pension plans, such as your NYSTRS plan, deliver retirement benefits at half the cost of 401(k)-style defined contribution (DC) plans, according to a new national study.