Death Benefit for Tiers 2-6
Members who retired under Tiers 2-6 are eligible for a post-retirement Paragraph 2 death benefit, provided they meet eligibility requirements.
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If the death benefit was in effect when you retired, the payment at death is as follows:
- 1st year: 50% of the death benefit in effect at retirement.
- 2nd year: 25% of the benefit at retirement.
- 3rd year and beyond: 10% of the benefit in effect at retirement, or at age 60 if higher.
Naming Beneficiaries
You may designate a beneficiary(ies) or name your estate as beneficiary for this death benefit. Changes may be made at any time in your secure MyNYSTRS account (see the My Retirement/Beneficiaries page). Or you may file a notarized Designation of Beneficiary for In-Service or Post-Retirement Paragraph 2 Death Benefit (NET-11.4) form.