Retirement Information & Announcements
NYS Teachers Retirement System (NYSTRS)
Pension & Retirement Education Program (PREP) Seminars
NYSTRS has the flexibility to offer both phone and video consultations, to meet your needs. After you schedule a consultation, a personalized benefit estimate will be prepared for you. The estimate could be uploaded to your MyNYSTRS account or, if you prefer, mailed to you via US mail. It is strongly encouraged that you create a MyNYSTRS account, if you do not already have one, prior to your consultation meeting. During the consultation, you will learn about NYSTRS benefits, review your personalized estimate, and discuss your benefit options at retirement. To schedule a consultation, visit New York State Teachers Retirement System NYSTRS.org (using your NYSTRS account) OR call 800-348-7298 ext. 6100.
NYSTRS PREP is designed to help NYSTRS members of all ages with careful financial and retirement planning. PREP sessions have been recorded, and the videos and presentation slides may be viewed anytime. Topics include: your pension, loans, vesting, death benefits, financial planning, social security, estate planning, and more! Please visit the NYS Pension and Retirement Education Program website for more information.
Whether you are planning on retiring soon or thinking ahead to the distant future, NYS Work-Life Services has a variety of resources to assist you: Self-Help Guide, Videos, Seminars and more information about Work Life Services. Additional resources include: Pension benefits calculator (for ERS & PFRS members) and Pension & Retirement Education Program (TRS members), SUNY planning tools and Asset checklist (pdf).
Top 5 Pre-Retirement Goals
Thinking about Retirement? New York State and Local Retirement System (NYSLRS) suggests the top five pre-retirement goals for its members.
Interactive Retirement Planner
NYS Deferred Compensation Plan parented with Nationwide to develop the “On Your Side Interactive Retirement Planner." In less than ten minutes, you can set a retirement goal and get suggestions to improve your retirement outlook. Visit My Interactive Retirement Planner to find out more.
After You Retire
- After you retire, NYS starts calculating the amount of your final retirement benefit. This means you won't receive your full pension right away. For the first few months of your retirement, your first payments will be advance payments - but what are they? Visit New York Retirement News Advice on Advance Payments New York Retirement News Advice on Advance Payments to find out.
- Planning for Retirement: Health Insurance & Related Benefits
- The Social Security Administration has developed several online tools to help you plan for the future: Estimate Your Retirement Benefits and check out other Benefit Calculators.