The third installment in a multipart video series on NYSTRS’ benefits was recently added to the System’s online library.
Titled "Calculation of a NYSTRS Benefit," the six-minute video breaks down the individual components of the formula used to calculate a service retirement benefit and explains the importance of each. A service benefit is the one most members will receive at the end of their public service careers.
Parts 1 and 2 in the series, each of which run approximately five minutes, were posted on NYSTRS.org in the fall. Part 1 is a quick overview of all NYSTRS benefits, while Part 2 drills deeper into the topic of service credit. Look for the fourth installment later this year.
Be sure to check out more than a dozen other videos on a variety of topics in our Member Information video library.