As we wrap up 2016, let’s take a look back at our most popular posts.
Where did you go? Not far, it turns out. Seventy-eight percent of NYSLRS retirees and beneficiaries stay in New York State. However, the rest have made homes around the country and even around the world.
Work is work, and credit is credit. But, if you work part-time, there’s some math involved. We helped members crunch the numbers.
It’s all about becoming vested, earning enough service credit to qualify for a pension benefit — even if you leave public employment. We went through the ins and outs of becoming vested for members of both the Employees’ Retirement System (ERS) and the Police and Fire Retirement System (PFRS).
Even if you leave public employment, you’re still a NYSLRS member. We gave members a rundown on their options and how their benefits may change after moving to private employment before retirement.
You won’t need to pay New York State or local taxes on your NYSLRS retirement benefit, but other states and federal income tax are another matter. We gave members and retirees some insight into federal tax withholding and the 1099-R form.
Once you’ve earned the service credit, it’s time to get ready for retirement. We gave members a six-item checklist to make sure they’ve laid the groundwork for a smooth application process.
We looked at the death benefit that Tier 2, 3, 4, 5 and 6 ERS members in regular plans receive.
A solid lead up to retirement is essential, but picking the right retirement date is important too. We gave members some tips about when to submit their applications, how to pick a date and what their first benefit payments will look like.
NYSLRS members are spread out over two systems, six tiers and 346 retirement plan combinations. It can be easy for information to get jumbled between coworkers and between plans. So, we cleared up some common misconceptions we’ve heard from members and retirees over the years. This is an entry in our Retirement Myths series.
The better you understand your road to retirement, the better you can plan for it. We took a look at the journey for Tier 3 and 4 ERS members and pointed out several retirement benefit milestones they’ll pass along the way. We also took a look at Tier 5 and Tier 6 member milestone, too.
As 2015 comes to a close, let’s look at the top 10 blog posts you shared with friends this past year:
A One Tier at a Time feature that looked at one of our smallest plans in the Employees’ Retirement System (ERS): Tier 1.
An update for eligible NYSLRS retirees about the cost-of-living adjustment they’d receive in September 2015.
How NYSLRS plans ahead to maintain the funds it needs to pay current and future benefits.
How Comptroller Thomas P. DiNapoli defends NYSLRS against the abuse of public funds.
Tier 1 may be the smallest tier in the Police and Fire Retirement System (PFRS), but it was the third most popular One Tier at a Time post to share.
Each summer, we mail out approximately 700,000 Member Annual Statements filled with personalized benefit information you need to know.
A NYSLRS Basics feature that looks at what your final average salary is and the part it plays in your pension calculation.
Choosing how we’ll pay your retirement benefit is a big decision. Which payment option best meets your needs?
Comptroller DiNapoli spoke to a retiree group about how the pension money paid to retirees flows directly back into our communities, stimulating and growing our local economies.
…and, the most shared post of 2015 is:
Our most shared blog post is also our first One Tier at a Time post, featuring Tiers 3 & 4 in ERS.
Thanks for sharing, and Happy New Year!
One year ago, New York Retirement News went live, bringing the members and retirees of the New York State and Local Retirement System (NYSLRS) the retirement news you need to know. Let’s look at some of the top 10 blog posts from this past year:
- The Top 5 Retirement Myths and Their Impact on Your Benefit
A quick look at some common misconceptions NYSLRS members have about their retirement benefits.
- Countdown to Retirement: The Last 18 Months
When you’re about 18 months away from retirement, think about requesting a NYSLRS retirement estimate.
- Countdown to Retirement: What to Do 12 Months Before Your Retirement Date
Your retirement date’s a year away: time to think about what you need to do to get ready.
- What Unused Sick Leave at Retirement Might Mean for You
Some NYSLRS members may be eligible for additional service credit for their unused, unpaid sick leave at retirement.
- Top Five Pre-Retirement Goals for NYSLRS Members in 2015
New year, new goals. Here are five pre-retirement goals we think NYSLRS members can reach in 2015.
- How Divorce Affects Your NYSLRS Benefit
If you get divorced, your ex-spouse may be entitled to a portion of your NYSLRS benefit.
- Retirement Planning – Start Thinking Outside the Box
What will your life be like after retirement? Time to start post-retirement planning.
- What Makes Up Your NYSLRS Pension?
There are three main parts that make up your NYSLRS pension. Do you know what they are?
- Retirement Planning – Getting Your NYSLRS Retirement Estimate
Want a preview of what your retirement benefit could be? A NYSLRS retirement estimate can help with that.
- NYSLRS – One Tier at a Time: ERS Tiers 3 & 4
The first in a new blog series all about NYSLRS retirement tiers.
Thanks for following us this past year. Keep an eye out every Wednesday for posts from NYSLRS.