
For questions about your pension, contact the New York State Teachers Retirement System: 518-447-2900
For questions about benefits offered by the district in retirement, please call Annette Sicuranza: 516-441-4037
For questions about what retirees receive from GNTA’s Benefit Trust Fund, contact Kevin Chavarria at the Dickinson Group: 516-740-5337
If you are a "newer" teacher and would like to preview Stacey Braun's webinar geared for your financial planning, check out: From Hire to Retire – Financial Planning for Newer Teachers (Years 1-10)
For questions about benefits offered by the district in retirement, please call Annette Sicuranza: 516-441-4037
For questions about what retirees receive from GNTA’s Benefit Trust Fund, contact Kevin Chavarria at the Dickinson Group: 516-740-5337
If you are a "newer" teacher and would like to preview Stacey Braun's webinar geared for your financial planning, check out: From Hire to Retire – Financial Planning for Newer Teachers (Years 1-10)
GNTA-GNPS Benefits in Retirement Workshop - December 2022
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GNTA & Stacey Braun’s 2022 “Retirement Planning" webinar |
GNTA BENEFIT TRUST FUND & STACEY BRAUN “FROM HIRED TO RETIRED 2022 WEBINAR |
resources for retirees |
NYSTRS Announces Return of In-Person PREP Seminars |
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DID YOU KNOW?
For Tier 2-5 members, your FAS is generally the average of your highest three consecutive school years of salary earned, whenever they occurred in the salary history. Tier 6 members must use a five-year FAS with restrictions on includable salaries.
2022 ANNUAL MEETING OF NYSTRS DELEGATES
Nearly 600 delegates participated in NYSTRS' 2021 Annual Delegates Meeting held virtually on Friday, Oct. 29. They voted to elect Bayport-Blue Point teacher Eric J. Iberger and Schenectady teacher Juliet C. Benaquisto to the NYSTRS Board of Trustees. The meeting also featured educational presentations and the Delegate-Board/Staff discussion.
The following are videos and slides from the presentations and sessions conducted at the Delegates Meeting.
The NYSTRS Year in Review and the Long-Term Stability of the System: In this presentation, we updated delegates on our customer service initiatives in response to the COVID-19 pandemic, explained how recently passed NYS legislation may impact our membership, reviewed the new features we have introduced to our online portals for members and employers and explored the System’s continued financial strength and stability, commemorated the System’s 100th anniversary and shared the sentiments members have shared with us during our centennial celebration. (Download presentation slides)
Delegate-Board/Staff Discussion: NYSTRS Board members and staff answered a wide range of questions submitted by delegates prior to the 2021 Delegates Meeting.
Election of Board Member: Votes were cast and teachers Eric J. Iberger and Juliet C. Benaquisto were elected to NYSTRS’ 10-member Board.
As delegates, we had the opportunity to attend various educational breakout sessions. Following are the presentations from each:
Remember, the GNTA is your local union -- we are NOT retirement experts. Develop your own NYSTRS account by using the link below. It's easy; you just need your NYSTRS Employee ID number!
https://secure.nystrs.org/sma/security/RegisterAccount.aspx
Best,
Jen, Frank, Luci and Patti
The following are videos and slides from the presentations and sessions conducted at the Delegates Meeting.
The NYSTRS Year in Review and the Long-Term Stability of the System: In this presentation, we updated delegates on our customer service initiatives in response to the COVID-19 pandemic, explained how recently passed NYS legislation may impact our membership, reviewed the new features we have introduced to our online portals for members and employers and explored the System’s continued financial strength and stability, commemorated the System’s 100th anniversary and shared the sentiments members have shared with us during our centennial celebration. (Download presentation slides)
Delegate-Board/Staff Discussion: NYSTRS Board members and staff answered a wide range of questions submitted by delegates prior to the 2021 Delegates Meeting.
Election of Board Member: Votes were cast and teachers Eric J. Iberger and Juliet C. Benaquisto were elected to NYSTRS’ 10-member Board.
- MyNYSTRS: Access to Your NYSTRS Information and Convenience At Your Fingertips: This session highlighted the many advantages of having a secure online MyNYSTRS account. We covered each of the self-service features available to members, including the new enhancements we have made which provide additional convenience. (Download presentation slides; there is no video companion)
- Social Security Overview: What You Need to Know: In this presentation, we reviewed important things to know about Social Security benefits. Topics included eligibility, spousal benefits, knowing how your benefit is calculated and understanding how to collect. (Download presentation slides)
- Closer to the start of your career? Visit the New Members page at NYSTRS.org. We’ve got quick, entertaining videos (such as "A Two-Minute Tutorial for New Members" and "PSI: Prior Service Investigation") as well as helpful brochures (including What New Members Need to Know About NYSTRS and Your First Look at NYSTRS).
As delegates, we had the opportunity to attend various educational breakout sessions. Following are the presentations from each:
- The NYSTRS Year in Review: In this presentation, we examine the challenges of the past year and show how NYSTRS has continued to achieve our mission during these difficult times. This session covers topics like our COVID-19 response, implementation of laws and executive orders from this past year, new MyNYSTRS functionality, and our System’s financial strength. (Download presentation slides)
- Delegate-Board/Staff Discussion: NYSTRS Board members and staff answer a wide range of questions submitted by delegates prior to the 2021 Delegates Meeting.
- Benefits Consultations at Your Convenience: NYSTRS is introducing a new feature for our benefit consultations program. You will now be able to meet with a System representative from your own computer, laptop or device. This provides you with more flexibility while you review the retirement process and receive personalized benefit estimates. In this session, we walk you through this new type of consultation in real time, and you may learn some important benefits tips along the way.
Remember, the GNTA is your local union -- we are NOT retirement experts. Develop your own NYSTRS account by using the link below. It's easy; you just need your NYSTRS Employee ID number!
https://secure.nystrs.org/sma/security/RegisterAccount.aspx
Best,
Jen, Frank, Luci and Patti
EMPLOYER CONTRIBUTION RATE (ECR)
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SERVICE CREDIT
1 Year of Credit
You will be eligible to purchase credit for prior service. For more information, see our publication You Deserve the Credit. 5 Years of Credit If you are a Tier 3 or 4 member, your pension will be vested, and you will be eligible for a NYSTRS service retirement benefit at age 55. 10 Years of Credit
20 Years of Credit
25 Years of Credit
30 Years of Credit
35 Years of Credit
It is important to HAVE ALL THE CREDIT FOR WHICH YOU ARE ELIGIBLE because your total service credit impacts your eligibility for NYSTRS benefits — and often the amount of those benefits. The following types of service can build your credit and help you reach important service milestones:
This information is meant to serve as a guideline. As always, go to NYSTRS.org for the most current information. SB Financial REVIEW MARCH 2021 |