To complete Form CMS-L564 if you were eligible for Medicare Part A prior to retirement and you or your dependent(s) need to enroll in Medicare Part B. Your loved ones should also refer to When a Member Falls Ill or Passes Away, which includes more important information. Employee Benefit Programs Career Mobility Office Career tools, resources, and workshops for state employees Deferred Compensation Plan State-sponsored voluntary retirement savings plan for state employees Health Benefits Health insurance program for state employees Flex Spending Account Retirement System Information about the NYS Retirement Program For employees who are paid on an hourly basis, use the hourly salary as the Hourly Rate of Pay. Are there any situations where I can earn an unlimited amount of money working in retirement without it impacting my NYSTRS benefits? 335 Adams Street, Suite 2300 Step by Step Guide to Retiree Health Benefits, Medicare Request for Employer Information Form. If you are a retired NYS employee (SUNY or Department of Education), the Employees Benefits Division of the NYS Department of Civil Service functions as your Health Benefits Administrator (HBA). If you would like information about an HMO's Medicare Advantage Plan, refer to Choices for 2019 or contact the HMO. CSEA and District Council 37 (DC-37) members must submit your application directly to your union. You may change your New York State Health NYSHIP Rates & Insurance Program (NYSHIP) health insurance option for any reason at any time once during a 12-month period. How will I pay for my health insurance as a retiree? Example for 62 year old employee who worked in an eight hour a day job with annual salary of $54,677 who has 300 hours of sick leave: Step 2. In these cases, your second benefit payment should be higher than your first. General information about benefit reduction is located here. Health Benefits - Retiree - Empire Plan - Government of New York Current enrollees may continue in the M/C Life Insurance Program at retirement but you must convert to a direct-pay policy. Mail the completed form to NYSTRS at 10 Corporate Woods Drive, Albany, NY 12211, or fax it to us at (518) 431-8783. 1220 Washington Ave Fixed co-pays for services not covered under the Program. If you choose to use a non-participating dentist and are charged more than the amount listed under the schedule of allowances, you are responsible for the balance. Please contact them at (518) 457-5754 or (800) 833-4344. Retired Member FAQs | Frequently Asked Retirement Questions - NYSTRS These terms are defined in the Uniform Glossary, a non-customized companion document to the SBC. This document does not provide the full scope of coverage under any plan and should not be construed as a complete description of a plan's benefits. For NYS Retirees:If you chooseto enroll you will receivebothdental and vision benefits. Employee Benefits Division PDF Effective September 1, 2013 Welcome to EBD - How and where to get the help you need with your coverage under the New York State Health Insurance Program (NYSHIP). Q. Try the BSC Help Center where you can send a question to our support team or search a database of FAQs. You may be able to use sick leave credits to reduce your cost. Benefits Office 631-632-6180 Make an appointment with a staff member to receive information about your retiree benefits including The eligibility requirements for continuing your health insurance /prescription drug benefits in retirement. However, the amount of earnings allowed during a calendar year is limited to the difference between your final average salary (or the salary you would now be receiving had you continued in service, whichever is greater) and your retirement benefit. HIP Example: If you retire on 9/1/23, your last day of work or paid leave must be 8/31/23. The COLA is applied to the first $18,000 of the maximum pension benefit. Or you can file a W-4P Withholding Certificate for Periodic Pension or Annuity Payments(FIN-149) with us. Vision:There are also 2 other vision plans to choose from: You must be a dues-payingCSEA Retiree Memberto be eligible for these benefits. The Coverage Examples are: Versions for each NYSHIP HMO See the Death Benefits tab of these FAQs for more details. This Checklist will help you in planning for retirement and should be used in conjunction with the Self-Help Guide. Your employer signed a Retiree Memorandum during your employment for Retiree Vision coverage into retirement. 8a.m.4:15 p.m. Mon-Thurs. You will not receive any compensation for unused personal, sick, or holiday leave. Refer to Choices for 2019 and other plan material for more detailed information. Trusted Partner of NYC Employees for More Than 100 Years, Annual Comprehensive Financial Report (ACFR), New York City Employees Retirement System, New York City Employees' Retirement System. February 3, 2022 5 Today's Topics Can I get a paper copy of the Summary of Benefits and Coverage if I need one? Information about how to plan and apply for retirement as well as health insurance and benefits by union. Keep your health insurance payments up to date until your pension deductions begin. Your browser will not offer you the best experience in this format. AN EASY AND SECURE WAY TO REVIEW YOUR BENEFITS. You can change your address online through your MyNYSTRS account (Tools > Change My Address), by filing a Member Name/Address Change (GRE-50) form, or by sending NYSTRS a signed letter that states your new address and your EmplID or Social Security number. As a reminder, it is no longer necessary to reenroll in the Opt-Out Program each year. You had a continuous dental and vision coverage from retirement under a fund-sponsored dental plan or other dental plan acceptable by EBF. Blue Choice Below are links to documents referenced on this page. NYSHIP for Retirees - health benefits information for retirees of NYS and local governments participating in NYSHIP. Next Section. Enrollment Form for Employees Eligible to Defer Health Insurance Coverage (PS-406.2) If you are eligible, use this form to defer indefinitely the activation of your New York State Health Insurance Program (NYSHIP) coverage as a retiree. A Cost-of-Living-Adjustment (COLA) is an automatic increase to a pension that eligible NYSTRS retirees and beneficiaries receive each September. You have the following five options for continuing dental and vision coverage: Option 1: The Consolidated Omnibus Budget Reconciliation Act (COBRA). All participants of the EBF Retiree Programs must pay through a Recurring Payment Program (electronic transfer of payment between your bank and the EBF). You retire directly from employment with your employer and had an EBF dental plan in place on the date of your retirement. Retirement Forms | Business Services Center Yes, if you need a paper copy of the Summary of Benefits and Coverage for The Empire Plan or the Uniform Glossary, call 1-877-7-NYSHIP (1-877-769-7447) and select the Medical/Surgical Program. . Tier 3-6 Members:You must be totally and permanently disabled from all employment to qualify for, and continue to receive, a disability retirement benefit. You must elect dental, and or vision plan coverage with EBF no more than 90 days for your termination date or COBRA ending. Go to OLRs Health Benefits Program page. Completed dental claims must be submitted on a Universal ADA Claim Form. PDF Planning for Retirement - Government of New York This plan is a conversion policy that is administered by Emblem Health (GHI). Complete a Member Name/Address Change (GRE-50) form and either mail it to NYSTRS at 10 Corporate Woods Drive, Albany, NY 12211, or fax it to (518) 447-4749. NYSHIP While Working Post-Retirement - information about changes to NYSHIP during post-retirement employment. From elections to Annual Meeting information, everything a Delegate needs to know. Determine the correct method of calculating the sick leave credit. Coverage runs from November 1 through October 31. Customer Service Center If applicable, we will also retroactively pay you any money owed above the payments you received back to your date of retirement. The EBF ID# is required for claims to be processed. A photocopy of your valid drivers license, passport, military ID or Social Security card issued under your new name. Allemployment (including public employment) beginning in the calendar year you turn 65. Please note: If you cancel coverage, there is no reinstatement in the program(s). Retirees are entitled to have the value of their sick leave used to offset the cost of retiree health insurance. Albany, NY 12226-1900, This page is available in other languages, If you are vested and leave public employment, you may apply for and receive your retirement benefit when you reach age 55. Q. I see that the Coverage Examples page shows a "you pay" amount. To be eligible for coverage under a NYSHIP HMO, you must live in the HMO's service area. To begin receiving your benefits, you must file a retirement application with NYSTRS. The post-retirement death benefit is 50% of the death benefit in effect at retirement if the member dies in the first year after retirement; 25% of the death benefit in effect at retirement if the member dies in the second year after retirement; and 10% of the death benefit in effect at retirement, or at age 60 if higher, for the third year after retirement and beyond. Participants using a non-provider for vision services must submit for a fee scheduled reimbursement on a Vision Care Reimbursement Form, To obtain a copy of the Retiree Vision Plan Allowances, please refer to the Retiree Vision Booklet (linked at the top of this section), Dental coverage does not require use of a participating dentist. Find out more on the Department of Taxation and Finance website. Visit our Retirees > COLA page for the latest COLA figure. After you retire: Watch your mail for your Retiree Notification Letter. Please consult NYSLRS about your specific circumstance. See our Working in Retirementpamphlet for details. Being vested means that you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements established by your retirement plan. Still have questions? COBRA allows you to continue your current dental and vision benefits for up to 36 months while paying full share payments, plus a 2% administrative cost. Empire Plan Health Insurance Certificate - Detailed description of the benefits and plan requirements. NYSHIP & Medicare - information about which coverage is primary and when, and how they work together. Declination of Membership in the New York State Employees' Retirement System (BSC-B4) Use this form to . Phone: (518) 457-5754 or (800) 833-4344Mailing Address: ID Card: On your last day, you must turn in your New York State-issued identification card (State ID) to the authorized Security ID card representative in your agency. Dental & Vision Benefits for CSEA Retirees - Business Services Center eligible for City-paid health insurance benefits. Please Note: If you are subject to an earnings limit and exceed the limit at any time during a calendar year, NYSTRS will suspend your pension for the remainder of the calendar year if you continue working in New York State public employment. Retired members are eligible for the COLA if they meet one of the following requirements: What is a Post-Retirement Paragraph 2 Death Benefit? HRP x Hours of Sick Leave (1320 maximum) = Sick Leave Dollar Value (SLDV), Step 3. If you are a NYS employee in the Administrative, Institutional, Operational or Department of Military and Naval Affairs bargaining units, dental and vision benefits do not continue into retirement. If you reside outside of New York State, please use the following guidelines when submitting claims: CSEA has created a Retirement Guide that is available through the CSEA Member Benefits Department (1-800-342-4146). There are four major sections Important Questions, Common Medical Events, Excluded Services & Other Covered Services and Coverage Examples. However, certain situations may delay your first payment. New York State may withhold payments of lump sums until all State-issued property is returned. Your benefit amount will be finalized after we receive and post all additional employer reports of service and salary a process that typically takes nine to 12 months, but can take longer in more complicated cases. At least age 55 and retired at least 10 years. Over 1500 providers in New York State and over 13,000 nationwide. You must be an activemember to participate. This plan is administered by Emblem Health (GHI). Federal tax tables can help you determine how much NYSTRS would withhold from your benefit payment under various scenarios. I stopped working in New York State public employment and was eligible to collect my retirement benefits three years ago. Email:[emailprotected]Mailing Address: Alternatively, you can complete and file with NYSTRS a new Direct Deposit Authorization Agreement (GRE-54). Latham, New York 12110-2395 Additional information on this policy may be obtained by contacting Emblem Health at 1-800-947-0101. 6250. PDF Back to Work - Government of New York Generally, if we receive your retirement application at least 30 days before your date of retirement, you should receive your first payment at the end of the month in which your retirement date falls. Mail the completed form to NYSTRS at 10 Corporate Woods Drive, Albany, NY 12211. How can we make this site more useful for you? If you are not vested, you have the option to voluntarily withdraw your membership and receive a refund or rollover your contributions to an Individual Retirement Account (IRA) or another qualified retirement plan. The death of a retired member should be reported to NYSTRS by calling (800) 348-7298, Ext. NYSTRS will need the members name, EmplID or Social Security number, and date of death. A. (347) 643-3000 Within NYC The New York State and Local Retirement System (NYSLRS) pays retirement benefits monthly. Click the plan names below to view a Summary of Benefits and Coverage for each option. or other disability benefits you are receiving. If you earn more than the limit, your disability benefit will be reduced to reflect the excess earnings. Brooklyn, NY 11201-3724. You can view your benefit information,update your contact information,view or update your beneficiaries, orapply for a loan. After you are rehired: Be sure to talk with your Health Benefits Administrator (HBA). Coverage is offered in three tiers: Retiree, Retiree +1 and Family. The NYS Network Child Care Centers provide quality care at worksites with Making better choices to be well and stay well, Statewide Learning Management System (SLMS), Civil Service Employees Association (CSEA), NYS Correctional Officers & Police Benevolent Association (NYSCOPBA), NYS Law Enforcement Officers' Union, Council 82, AFSCME, AFL-CIO (C82), Police Benevolent Association of NYS, Inc. (PBANYS), New York State Employee Discrimination Complaint Form, Equal Employment Opportunity in New York State Rights and Responsibilities A Handbook for Employees of New York State Agencies, DIRECTIONS: Pre-Retirement Planning Information.
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