Are you a current New York State & Local Retirement System (NYSLRS) member who just started working at a new job in the public sector? Even though you’re already a NYSLRS member, make certain that your new employer sends a membership application for you. By sending us a new membership application, your employer provides us with updated information about your membership.
The Importance of the Filling Out a New Membership Application
Besides providing updated information to us, like the start date of your new position and your job title, the membership application is important for other reasons as well. Up-to-date member information:
- Ensures that your employment history and benefit projection are accurately reported in your member annual statement.
- Helps guarantee that benefit determinations are based on the most current information.
- Identifies any delays between the time you began working and the time your employer started reporting you.
- Ensures that we will receive the correct amount of contributions for your membership in NYSLRS.
- Allows us to update your retirement plan in our computer system if you change plans as a result of your new employment.
Starting a new public sector job is also a good opportunity for you to update your beneficiary information. Members often neglect to change their beneficiary designations after marriages, births or deaths, which can result in payments being made to the last named beneficiary, who may not necessarily be the person you would currently select.
Submitting the Membership Application
You should let your employer know that you are already a member of NYSLRS and need to have a new application submitted. Your employer will then complete the appropriate sections of the application, since only employers can complete and submit an application when you change public employers. Check with your Human Resources office to confirm that your application has been submitted.
Contact us if you have any questions about submitting a new membership application, or any other retirement-related topic you might have.