Retirement Countdown

Summer: Transition to Retirement

July 1st is your official date of retirement.  The next chapter of your life is just beginning.  Here are some other important dates to keep in mind:

1. July 15th (or 14 days after your retirement date) is the last day to withdraw your service retirement application.
2. July 31st (or 30 days after your retirement date) is the last day to file a Change of Benefit Payment Election form if you need to change the payment choice you made on your application.
3. The last business day in July is the direct deposit date for your first benefit payment.

After all the planning and decision making, you can now enjoy your retirement!  NYSTRS is still here to help you, though.  In the weeks following your retirement, you'll receive our publication Discovering Retirement, which can guide you through the challenges and opportunities new retirees face. 

You'll also receive the Resource newsletter with pertinent information about your benefits. And each year you'll get your Retired Member Profile, which is a summary of your retirement benefits. 

Each January we'll send you your federal 1099-R form, which you'll need to file your taxes.  Certainly, if we can be of any assistance to you beyond that, we encourage you to contact us. Here's how:  

1. Call our Hotline at (800) 782-0289 for forms and the latest news;
2. Call (800) 348-7298, Ext. 6250 to speak with a System representative;
3. Visit our Web site at www.nystrs.org; or,
4. Write to us at NYSTRS, 10 Corporate Woods Drive, Albany, NY 12211.

Thank you for taking the time to watch this video.  Best of luck to you in retirement!