Your 2018 Benefit Profile will be available soon and you’ll notice some big changes that result in a much smaller document.
Issued annually with updated service and salary information critical in calculating your future retirement benefit, the Profile also offers you the opportunity to review beneficiary information so you can make any necessary changes. Depending on your membership status and eligibility, the document may also include:
- Projections of service retirement benefits under different scenarios;
- Disability and death benefit projections; and,
- A summary of contributions and loan information (if applicable).
Previously 12 or more pages in length, the Profile has been condensed so only the figures and descriptions members have indicated are the most critical are displayed. The new version of this document will be only four pages.
Those with a date of membership of June 30, 2018 or earlier should receive their Profiles in the mail by
the end of November. If you have a MyNYSTRS account and elected to forgo the printed version for
an electronic version only, you will be able to access your Profile online in early November.
It’s important to review your Profile each year to ensure your employer(s) correctly reported your service and salary data. Both are major components of the formula used to calculate your retirement benefit, so you’ll want to make sure our records are accurate. If you find errors, contact your employer(s) and request corrections be submitted to NYSTRS immediately.