Retiree Annual Statement

Your Retiree Annual Statement provides a year-end summary of your pension payments for the last calendar year, including the total amount you received and a breakdown of credits, deductions and taxes. It also gives you an explanation of the pension payment option you chose at retirement.

  • Mailed Delivery: We mail printed Statements by the end of February.
  • Email Delivery (Online Availability): We make Statements available in Retirement Online sooner than printed copies are mailed—we will notify you by email when your Statement is available.

 

Use Retirement Online to Get Your Statement

To view, save or print your Statement: 

  • Sign in to Retirement Online.
  • Look under My Account Summary.
  • Click View My Retiree Annual Statement button.
  • If Retirement System is blank, click Look Up icon and select ERS or PFRS from dialog box.
  • Click Look Up icon next to Calendar Year field and select an option from dialog box. (Note: 2024 and 2023 are currently available online.)
  • Click Generate Statement button.

The document will download on to your computer.

 

Get an Email Notification When Your Statement is Available Online

You can get your Statement online sooner than printed copies are mailed. Update your delivery preference to email and when your Statement is available in Retirement Online, we’ll send an email notifying you.

  • Sign in to Retirement Online.
  • Look under My Profile Information.
  • Click update next to ‘Retiree Annual Statement by.’
  • Choose Email from dropdown.

Be sure the email address listed in your Retirement Online profile is current. 

If you choose to receive your Statement by email, you will not receive a printed copy in the mail. Regardless of your delivery preference, you will be able to get your Statement online in early February.

 

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A Guide to Your Statement

This guide explains information and terms used in your Statement.

Important: 

  • If a credit or deduction listed below does not apply to you, it will not appear in your Statement.
  • The dollar amounts are year-end totals for the previous calendar year.
     

NYSLRS ID #
This alphanumeric string is your unique NYSLRS identifier, which is assigned to protect your privacy and ensure your personal information is secure. Use it when you call or write NYSLRS.

Benefit Amount

Base Benefit
Your total pension benefit amount before credits, deductions and taxes.

COLA/Supplementation
A permanent, annual increase to your pension, based on the cost-of-living index and a formula set by State law. For information about COLA eligibility and how it’s calculated, visit our Cost-of-Living Adjustment page.

Escalation
An annual increase or decrease to your pension, based on the cost-of-living index. If you are eligible for COLA, you receive either COLA or escalation—whichever adjustment is greater.

Only applicable to certain retirement plans (for example, the State Correction Officer or Security Hospital Treatment Assistants plan). For more information, find your retirement plan publication.

Medicare Credits
A reimbursement for Medicare Part B. If you were reimbursed by another source, this amount will be $0.00. 

Only applicable if you retired from a New York State agency and are enrolled in a plan under the New York State Health Insurance Program (NYSHIP). If you have questions, contact the New York State Department of Civil Service.

Deductions

Benefit Adjustments/Recoveries
The amount deducted to recover for an overpayment of your pension benefit.

Alternate Payee Deductions
The amount deducted to pay to your ex-spouse per the terms of your Domestic Relations Order (DRO). For more information, visit our Divorce and Your Benefits page. 

Health Insurance
The amount deducted for your health insurance premium. If you pay for health insurance in another way, this amount will be $0.00.

NYSLRS does not administer health insurance programs. For questions about your coverage or rates:

Other Deductions
The total amount for dues or fees (for example, union dues or deductions for workers’ compensation, tax liens, alimony or child support) you’ve authorized to have deducted from your pension benefit.

Tax Withholdings

Total Federal Taxes Withheld
The amount withheld for federal income tax. For information about your federal tax withholding and how to update your withholding online, visit our Taxes and Your Pension page.

Do not use your Statement for tax purposes.

Net Benefit Payment

The total amount you received after credits, deductions and taxes.

Pension Payment Option

An explanation of the pension payment option you chose at retirement. For more information, visit our Payment Option Descriptions page.
 

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Do Not Use Your Statement for Tax Purposes

If your pension is taxable, we provide a 1099-R tax form annually for filing your taxes. If you haven’t received your 1099-R, you can get it online.

  • Sign in to Retirement Online.
  • Look under My Account Summary.
  • Click Manage My 1099-R Tax Forms button.
  • Select an option from Year dropdown. (Note: 2024 and 2023 are currently available online.)
  • Click Generate button.

 

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View Your Pension Pay Stub for Year-to-Date Information

Your pay stub gives you valuable insight into your monthly pension payment, including a breakdown of credits, deductions and taxes. Throughout the year, you can access your pay stubs online to see year-to-date totals.

 

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Rev. 2/25