Get NY NYSLRS RS 6340 2022-2024

Typically, pension plans allow for only the member—or the member and their surviving spouse—to receive benefit payments; however, in limited instances, some may allow for a non-spouse beneficiary, such as a child.

As a NYSLRS member, you are part of a defined benefit plan, also known as a traditional pension plan. Defined benefit plans provide several advantages over the 401(k)-style plans offered by many private employers.

Certain pension payment options provide a lifetime benefit to a beneficiary. Your beneficiary(ies) may also be entitled to a Post-Retirement Death Benefit, and, if you were employed by New York State, a Survivor's Benefit. When you die, your survivors should contact us as soon as possible.

Sign in to Retirement Online. From the top of your Account Homepage, in the 'I want to' section, click the “View Pension Check” link.

When you initially enroll in your employer's pension plan, you'll be asked to name a beneficiary. The beneficiary is the person who will receive your pension when you die. Much like naming a beneficiary on a life insurance policy, you can name one or more individuals to receive the benefits of your pension.

Within a family, a child can receive up to half of the parent's full retirement or disability benefits. If a child receives survivors benefits, they can get up to 75% of the deceased parent's basic Social Security benefit.

The Benefit 1.66 percent of your FAS for each year of credited service, plus 1.66 percent of your FAS for each year of service you might have earned if you worked to age 60, but not more than one-third of your FAS.

Since payment is made to the last beneficiaries you designate, it is important to periodically review your beneficiary information to make sure your designations reflect your desires. You may designate any person, trust or organization to receive your ordinary death benefit — it does not have to be a family member.

Typically, pension plans allow for only the member—or the member and their surviving spouse—to receive benefit payments; however, in limited instances, some may allow for a non-spouse beneficiary, such as a child.

As a NYSLRS member, you are part of a defined benefit plan, also known as a traditional pension plan. Defined benefit plans provide several advantages over the 401(k)-style plans offered by many private employers.

Certain pension payment options provide a lifetime benefit to a beneficiary. Your beneficiary(ies) may also be entitled to a Post-Retirement Death Benefit, and, if you were employed by New York State, a Survivor's Benefit. When you die, your survivors should contact us as soon as possible.

Sign in to Retirement Online. From the top of your Account Homepage, in the 'I want to' section, click the “View Pension Check” link.

When you initially enroll in your employer's pension plan, you'll be asked to name a beneficiary. The beneficiary is the person who will receive your pension when you die. Much like naming a beneficiary on a life insurance policy, you can name one or more individuals to receive the benefits of your pension.

Within a family, a child can receive up to half of the parent's full retirement or disability benefits. If a child receives survivors benefits, they can get up to 75% of the deceased parent's basic Social Security benefit.

The Benefit 1.66 percent of your FAS for each year of credited service, plus 1.66 percent of your FAS for each year of service you might have earned if you worked to age 60, but not more than one-third of your FAS.

Since payment is made to the last beneficiaries you designate, it is important to periodically review your beneficiary information to make sure your designations reflect your desires. You may designate any person, trust or organization to receive your ordinary death benefit — it does not have to be a family member.