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The Member Annual Statement (MAS) Tutorial


This tutorial will guide you through your Member Annual Statement. To move between slides, use the ‘Previous Slide’ & ‘Next Slide’ buttons, or arrow keys on your keyboard. If using a mobile device, you can also move between slides by tapping the left or right side of the screen.

To skip to a specific page, click or tap the page icons at the top of the presentation.

Page 1

Page 1 of your Statement includes a message from New York State Comptroller Thomas P. DiNapoli.

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Page 1 — Comptroller DiNapoli

He’s administrator of The New York State and Local Retirement System (NYSLRS) and trustee of the Common Retirement Fund — the pool of money from which benefits are paid.

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Page 1 — Mailing Information

This page also contains mailing information. If you work for a municipality, school district or other local employer, your statement will be sent to your employer for distribution. If you work for a State agency, or are not on the payroll of a participating employer, your statement will be mailed to the home address we have on file.

See page 7 to update your address.

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Page 1 — Your Registration Number

Your Registration Number is a unique identification used only by NYSLRS. We’re committed to protecting your identity, so your Social Security Number is not used.

On page 7 you’ll see what else we’re doing to ensure the safety of your personal information.

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Page 2 — Your Information & Your Account

Page 2 of your statement is divided into two sections:

Jump to:

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Page 2 — Your Information

Your Information typically shows your Name, Date of Birth, Registration Number, NYSLRS ID Number, Tier, Date of Membership and Date of First Credited Service. Your Date of Membership is when you joined NYSLRS.

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Page 2 — Date of Membership & Date of First Credited Service

If you joined the first day you worked for a public employer, your date of membership and date of first credited service would be the same.

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You can use any of these ways to change your name:

*If a court order was required for the change, you must also submit a copy of the court order.

If you need to correct your date of birth:

Make a copy of your Statement, circle the mistake and send it with a signed letter requesting the change to:

Member & Employer Services Bureau

Registration Unit

110 State Street, 5th Floor

Albany, NY 12244.

Include supporting documentation such as your birth certificate with your letter. You do not need to send us the original document, but if you do, we will return it.

Date of First Credited Service: 06/01/09

Page 2 — Date of Membership & Date of First Credited Service (continued)

If you worked for a public employer before you joined and later received credit for this service, you would have an earlier date of first credited service.

Your Information identifies you and your membership status in NYSLRS, so make sure it’s accurate. If it’s not, here are instructions on how to update this information.

Your Registration Number is a unique identification number given to you when you joined NYSLRS. Your NYSLRS ID is associated with our new self-service application, Retirement Online.

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Page 2 — Your Account

Next is Your Account. This section shows any account balance you have and any contributions you have made during the last fiscal year — April 1, 2016 through March 31, 2017.

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Page 2 — Tier 3, 4 & 5 Member Contributions

Most Tier 3, 4 and 5 members contribute 3 percent of their salary toward their pension. Some contribute for a certain period of time, while others contribute for their entire career.

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Page 2 — Tier 6 Contributions

Most Tier 6 members contribute for all their years of public service. However, some PFRS Tier 6 members, like those who have earned the maximum service allowed by their retirement plan, are not required to contribute.

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Page 2 — Tier 6 Contributions (continued)

The percentage of salary a Tier 6 member contributes can vary from year to year. During the first three years of membership, the percentage is based on the annualized wage that’s listed on the membership application. For subsequent years, the percentage is based on the member’s actual earnings two years prior. This is called the ‘two-year look back’.

Most Tier 1 and 2 members do not contribute.

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Page 2 — “Miscellaneous Adjustments”

A “miscellaneous adjustment” is a withdrawal from your account. Maybe your employer over reported your contributions, or you received a refund due to a Tier Reinstatement. Either way, you would have received a refund, and that’s listed as a miscellaneous adjustment.

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Page 3 — Your Past Service Account & Your Loan Amount

Page 3 is divided into two sections.

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Page 3 — Your Past Service Account

At the top of the page is Your Past Service Account.

  • This section will only apply if you are currently paying for past service, or if we are in the process of setting up a past service account for you.

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Page 3 — Mandatory & Optional Past Service Costs

Past service costs are the payments you make to receive credit for previous service. This section shows any outstanding service costs you owe, with the exception of certain military service, as of March 31, 2017.

There are two kinds of past service costs — mandatory and optional.

You may have mandatory service costs if insufficient retirement contributions were deducted from your salary after you joined NYSLRS. You have the choice to make optional past service payments for employment prior to joining NYSLRS.

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Page 3 — Your Loan Account

At the bottom of the page is Your Loan Account. If you have a loan, it shows your balance as of April 1, 2016, the beginning of the fiscal year, and any loans taken during the year. It also shows interest charged, loan insurance premiums paid and payments received, and your balance at the end of the fiscal year.

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Page 3 — Unpaid Loan Balance

And this part is very important: it shows the approximate reduction in your benefit if you retire this year with an outstanding loan. You cannot pay off your loan once you retire, so this reduction will be permanent. To avoid a permanent reduction, you might consider increasing the amount of your repayments so your loans are paid before you retire.

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Page 4 — Your Service Credit & Salary Information

The top of page 4 shows your total service credit and how much service you earned during the last fiscal year — April 1, 2016 through March 31, 2017.

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Page 4 — Your Service Credit

The most service credit you can earn for a twelve-month period is one year. Although you cannot receive more than one year of credit for each year worked, in most cases, the total salary you earned with all employers can be used to calculate your Final Average Salary.

Remember, your retirement benefits are based, in part, on your service credit. So, be sure it’s correct.

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Page 4 — Your Salary Information

The Salary Information section shows the salary your employer reported to us during the last fiscal year and your retirement plan. If you worked for more than one employer, it will show the salary reported and retirement plan for each.

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Page 4 — Your Total Salary Reported

It also provides you with the total amount of salary all your public employers have reported to us for the last five years.

Remember, the salary information on your Statement is for the time period between April 1, 2016 and March 31, 2017, so it will not correspond to the calendar year earnings on your W-2 statement.

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Page 5 — Your Beneficiary Information and Your Death Benefit Information

Page 5 begins with Your Beneficiary Information.

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Page 5 — Your Beneficiary Information

This section lists the individual(s) who will receive any death benefit that may be payable. If you have selected multiple beneficiaries, please note that your statement will only list the first ten.

It's always a good idea to review your beneficiaries. This is especially important if you’re divorced or getting divorced because beneficiary designations for certain benefits can be affected by divorce, annulment or judicial separation.

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Page 5 — Your Beneficiary Information (continued)

We are required by law to pay the beneficiaries you have on file, so make sure they are up to date.

There are two ways to update your beneficiaries:

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Page 5 — Your Death Benefit Information

At the bottom of the page is Your Death Benefit Information. If you’re eligible for a death benefit, we’ll show you the details here. We’ll also tell you about any death benefit that may be available to you after you retire.

To estimate your death benefit, we used your last 12 months of reported salary. If you went off of the payroll during the last fiscal year, your estimated death benefit may be lower than your actual death benefit.

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Page 6 — Your Projected Benefits and Retirement Options

Page 6 projects your pension at different ages for the various payment options available.

If you are younger than 55, the first projection will be the benefit payable at age 55.

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Page 6 — Your Projected Benefits and Retirement Options (continued)

These projected pension benefits are calculated using information we have on file including your beneficiaries, retirement plan, tier, service credit and final average salary.

These figures are not a guarantee. They are automated projections and have not been reviewed by NYSLRS staff. They’re a good planning tool, but you’ll want a more accurate estimate before filing for retirement.

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Page 6 — Your Projected Benefits and Retirement Options (continued)

There is no pension projection on the Statement for some members.

Your Projected Benefits section will be blank if you are a Tier 5 or Tier 6 member, a member of another tier and have less than three years of service credit or you are covered under a special plan.

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Page 7 — Important Milestones Regarding Your Retirement Plan, Member ID Card, and Change of Address Form

Page 7 shows the important milestones of your membership in NYSLRS.

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Page 7 — Important Milestones Regarding Your Retirement Plan

These give you a better understanding of your benefits and help you make informed decisions throughout your membership.

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Page 7 — Member ID Card, and Change of Address Form

At the bottom of the page is your ID Card & Change of Address form.

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Page 7 — Member Identification Card

We’re committed to protecting your personal information, so we’re including a Member Identification Card in your Statement.

Your ID card contains the unique registration number you were given when you first joined NYSLRS, as well as your NYSLRS ID, which is associated with our new Retirement Online self-service application. You should use one of these numbers, rather than your Social Security number, whenever you contact us. Limiting the use of your Social Security Number helps us defend you against identity theft.

When the transition to our new computer system is complete, registration numbers will be phased out.

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4321 Main St.

Apt. 1a

Albany

NY 12345

(518)555-4545

jpublic@myemailaddress.com

John Q. Public

09/15/2017

Page 7 — Change of Address Form

If we need to contact you, having the right address makes it a lot easier! So make sure we have your correct mailing address.

You can use one of these ways to correct/change your address:

  • Use Retirement Online — our self-service tool. It is a convenient and secure way to correct or change your address. Register or Sign In, then find your address under “My Profile Information” and click “update.”
  • Email us using our secure contact form (complete all form fields and provide your old and new address).
  • Complete and mail a Change of Address Notification provided on Page 7 of your Statement.
  • Complete and mail a Change of Address Form (RS5512) Adobe pdf.
  • Mail a signed letter (including your name, old address, new address, date of change, and registration number) to:

    NYSLRS Attn: Member Services

    110 State Street

    Albany, NY 12244-0001

  • Call 1-866-805-0990 (518-474-7736 in the Albany, New York area) if your new address is not a PO Box or foreign address.

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Page 8 — Other Information

Remember, you can always keep up to date and get useful Retirement information by Liking us on Facebook, following us on Twitter, and subscribing to our blog — New York Retirement News.

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