Just as there are several different tiers for NYS executive branch employees, there are also different retirement plans. To help with deciding the best time for you to retire, this video describes the different plans and explains the impact of service credit and age on your pension calculation.
Topics covered include: canceling your NYSHIP coverage and re-enrolling, changing your heath insurance option, returning to work, and moving out of New York.
Find out who is eligible to be your dependent under your NYS health insurance coverage when you retire. Disabled dependents and dependent survivor coverage is also discussed.
View to learn about the cost of your health insurance as a NYS retiree and how to pay for it. Details on the sick leave credit and dual annuitant option are also included.
This video addresses the three eligibility requirements to continue health insurance after you retire. It also covers the different requirements for disability retirement and maintaining coverage as a vestee.
When you retire, the Employee Benefits Division (EBD) of the New York State Department of Civil Service serves as your health benefits administrator. View to learn about NYSHIP, how to get additional information from EBD, and the value of filing release forms.
View this video to learn: when you will get your first pension check and the amount you can expect in it, about post-retirement death benefits and survivor's benefits, rules for working after you are collecting a NYS pension, and cost-of-living adjustments.
Before retiring there are several key steps you should take. Learn how and when to request an estimate of your pension, how to evaluate which pension option is right for you, the difference between the various options, and what forms you will need to file.
View step four to find out about your NYS Deferred Compensation Plan distribution options once you retire, how your distributions will be taxed, benefits to keeping your money in the Plan, and combining your Plan funds with other accounts.
In order to protect yourself take step three, learn about some major retirement risks: life expectancy, inflation, health care costs, and needs of adult children and parents.
This video provides a quick overview of the NYS Deferred Compensation Plan and reviews steps one and two in preparing for retirement -- determining the income you will need in retirement and how you can increase your retirement income. Catch-up Provisions in the Plan are described.
This video briefly summarizes highlights from the other pension videos and explains how to get additional information by meeting with a retirement information representative, by phone, or by mail.
This video covers the definition of Final Average Salary (FAS), the types of earnings that are usable, how FAS is calculated, and what earnings limitations may impact your FAS.
This video provides basic introductory information for NYS executive branch employees about the five pieces of data needed to calculate their monthly pension, a definition of vesting, and description of the different membership tiers.
![\"Overview to Planning Your Successful Retirement\"](http://i.ytimg.com/vi/KYeRidp5Zso/2.jpg "\\"Overview to Planning Your Successful Retirement\\"")
