As the COVID-19 emergency continues, it is important for you to understand your benefits and know what steps to take if you become seriously ill. This page will help you to find information about COVID-19 as it relates to your NYSLRS benefits.
A better death benefit is available to eligible beneficiaries of members and recent retirees who die of COVID-19 in the line of duty.
Certain beneficiaries may be eligible to receive a monthly pension benefit instead of a one-time payment.
For additional information, please read our Enhanced Death Benefit for Survivors of COVID-19 Victims blog post.
NYSLRS provides a Special Durable Power of Attorney form that is specific to retirement transactions and meets all New York State legal requirements. It allows your agent to act immediately in case of emergency, hospitalization or unexpected illness.
Our Power of Attorney page provides additional information you may find helpful.
When you die, the law requires NYSLRS to pay your death benefit to the last beneficiaries you designated. That is why it is so important to check your NYSLRS beneficiary designations periodically.
The fastest way to view or update your beneficiaries is with Retirement Online.
If you are eligible and planning to retire, you don’t need to delay filing.
You can use Retirement Online to file for a service retirement benefit. See how easy and fast it is to file using Retirement Online.
The 15-day waiting period for a NYSLRS member’s retirement to take effect had been waived by executive order. The Governor has rescinded the order effective June 25, 2021. If you file a NYSLRS retirement application on or after June 25, 2021, it must be received at least 15 days before your retirement date.
If you become seriously ill from COVID-19, you may want to file for retirement in order to provide a continuing pension benefit to your beneficiary if you were to die.
Visit our Disability Benefits page for help finding the right application and to learn more about the process.
You don’t need to wait to receive your pension check in the mail or worry about getting to a bank to deposit your check. Sign up for our Direct Deposit Program and get your money quickly and safely.
The post-retirement earnings limit of $35,000 a year for retirees in a public sector job who are under age 65 has been suspended again by executive order. Under the Governor's order, pay earned from January 1, 2022 through September 27, 2022 will not count toward the $35,000 limit. If you work for a school district or BOCES, legislation has suspended your earnings limit through June 30, 2023.
The COVID-19 pandemic has caused economic uncertainty as well as a public health emergency. Regardless of the uncertain news, your Retirement System and pension fund are strong and secure.
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