Retiree Annual Statements Coming

If you’re a NYSLRS retiree and received benefits in 2019, your Retiree Annual Statement should be coming in the mail soon, if you haven’t received it already.

The Retiree Annual Statement provides important information about your retirement account. You should keep your copy in a safe place.

couple reviewing their Retiree Annual Statement

What’s Inside Your Retiree Annual Statement

Your annual statement includes:

  • Your retirement number. To protect your privacy, use this number instead of your Social Security number when conducting business with NYSLRS.
  • Your monthly benefit before taxes, deductions and credits.
  • Your total net benefit for the year. (This is your benefit after taxes, deductions and credits.)
  • The total amount of any cost-of-living adjustment (COLA).
  • Your total Medicare credits (if eligible).
  • Federal tax withholding and other deductions taken from your pension, such as union dues.
  • Health insurance premiums. (NYSLRS doesn’t administer health insurance benefits, but we deduct retiree premiums at the request of your former employer.)

Not a Tax Document

While your Retiree Annual Statement includes information about your benefit payments and tax withholding, it is not a tax document and should not be used for filing your federal income tax return. NYSLRS mailed 1099-R tax forms to retirees and beneficiaries in January.

If you need a reprint of your 2019 1099-R to file your taxes, you can order one online. Reprints will be mailed to the address we have on file for you, so if you’ve moved recently, you should check to make sure your contact information is up to date before requesting a reprint. The fastest way to check and update your address is with Retirement Online. From your account homepage, you can also let us know how you would like to receive information from NYSLRS by choosing your correspondence preference.

Staying Informed

News & Notes, our semiannual newsletter, will be included with your Retiree Annual Statement. The newsletter will help you keep up with the latest news about NYSLRS and other topics of interest.

Your Statement provides a snapshot of your NYSLRS account as of December 31, 2019, but you can get up-to-date information by signing in to Retirement Online. If you don’t already have an account, you can learn more or register today.

NOTE: when there is a change in your net benefit amount, NYSLRS will notify you by mail or email.

13 thoughts on “Retiree Annual Statements Coming

    1. NYSLRS Post author

      Unfortunately, the NYSLRS social media team doesn’t have access to your retirement account information, so we are unable to check to see if NYSLRS received your address change request. If you are looking at your Retiree Annual Statement, that address is as of 12/31/2018, so it’s possible your address was updated after that date.

      To get the account-specific information you need, please email our customer service representatives using our secure email form. Please provide them with both your old address and your new address, and ask them to make sure that your address is correct. One of our representatives will review your account and respond to your questions. Filling out the secure form allows us to safely contact you about your personal account information.

      Reply
  1. Kevin Malter

    Thank you for always Keeping me updated on all changes. You all are doing a great job. Also everyone is always so polite on the phone to me. Best regards, Kevin Malter

    Reply
  2. Isaac Berkowitz

    I am planning to retire as of 9/18/2019 I would like to know what percentage of federal tax will reduce from my pension?

    Reply
    1. NYSLRS

      NYSLRS can’t offer specific tax information or advice. For federal tax rates, you may want to consult a tax adviser or visit the Internal Revenue Service’s website. In particular, the ‘Pension and Annuity Income’ link on the IRS Seniors & Retirees page may be helpful.

      You may also find this page of NYSLRS website helpful.

      Reply
  3. E C Johnson

    Do you think you could make the text a bit larger in your e-mail? Hence the title “Retirement News” Our eyes find it difficult to read such a small font size. ….smh!
    ECJ

    Reply
    1. NYSLRS Post author

      Thank you for your suggestion. In the meantime, if you need to increase the font size of the email, you can press the Control (Ctrl) and plus (+) keys on your keyboard.

      Reply
    1. NYSLRS Post author

      At this time, we’re not aware of any discussions about statewide retirement incentives. The New York State Legislature (not NYSLRS) occasionally enacts these retirement incentive programs, which are approved by both houses and signed into law by the Governor. The Retirement System administers programs that are signed into law. We’ll notify your employer if the Legislature makes a State incentive program available.

      Reply
  4. Scott Driesen

    When I retired in Oct 2019 I took advantage of a Partial Lump Sum in addition to a monthly pension. I was told how much it was and the amount it affected my future monthly amounts. So far I haven’t received it but my monthly amounts were changed. There is no one to speak to when I call the toll free number and when I do get someone they say that department doesn’t have a phone number. ? I’ve been advised to write a letter requesting it. ? Really. Or fax my question. Any help ?

    Reply
    1. NYSLRS Post author

      We apologize for the trouble you’re having. Your message is important to us and we have sent you an email in response.

      Reply
    1. NYSLRS

      For account-specific information, please email our customer service representatives using the secure email form on our website (http://www.emailNYSLRS.com). One of our representatives will review your account and respond to your questions. Filling out the secure form allows us to safely contact you about your personal account information.

      Reply

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