Once the review is completed, you will receive a letter confirming your eligibility and include your monthly premium, the amount of your sick leave credit (if applicable) and when you can expect to receive a bill or when pension deductions will begin. Please contact them at (518) 457-5754 or (800) 833-4344. Refer to Choices for 2019 and other plan material for more detailed information. The New York State Health Insurance Program (NYSHIP) offers eligible employees the option of choosing either The Empire Plan or a NYSHIP HMO for health insurance coverage. Your browser will not offer you the best experience in this format. . Retirement benefits are not retroactive. Try the BSC Help Center where you can send a question to our support team or search a database of FAQs. If you are vested and leave public employment, you may apply for and receive your retirement benefit when you reach age 55. PDF Retirement Checklist for New York State Employees - Office of Employee PEF, Council 82, M/C, and NYSCOPBA employees must submit your application for COBRA coverage to the Department of Civil Service,within 60 days from the date your coverage will end, or within 60 days from the date you receive the COBRA notice. HRP x Hours of Sick Leave (1320 maximum) = Sick Leave Dollar Value (SLDV), Step 3. 1 Lear Jet Lane, Suite 1 Please see the list of delivery servicescurrently approved by the System. If you are enrolled in an HMO, the State will pay 84-88% for individual coverage and 69-73% for family coverage, not to exceed the dollar amount it pays for the Empire Plan. $26.19 x 300 (hours of sick leave) = $7857 SLDV, Step 3. Received a NYSTRS disability benefit for at least five years (regardless of age). These definitions are intended to help improve consumer understanding and do not necessarily reflect your plans definition of the same term. You will also need to cancel your parking permit to stop the fee deduction from your paycheck by completing a Cancellation of Payroll Deduction of Parking Fee Request Form (CS-783.2). For instance the term "daily rate of pay" has not been defined in the HBA manual, so some have based their calculations upon gross pay and others upon base annual salary, or total annual salary. Claims can be mailed to the CSEA EBF, PO Box 489, Latham, NY 12110-0489. However, for a complete list of covered services and more comprehensive information explaining how services are covered, refer to your Certificate of Coverage, At A Glance and other plan material. PDF IMPORTANT RETIREMENT AND INSURANCE INFORMATION - University at Albany Q. I see that the Coverage Examples page shows a "you pay" amount. MVP. Phone: (518) 457-5754 or (800) 833-4344Mailing Address: Retirement Planning Resources Estimate your pension benefit, sick leave credit usage, deferred compensation, and survivor's benefit programs. Mail your completed form or correspondence to: 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. 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. A. HMO Blue Click here for a table of the counties each HMO serves in 2018, Demographic Data Self-Identification Form. The plan also provides supplemental benefits such as loan privileges, disability retirement benefits, and death benefits for eligible employees. Download. Visit our Retirees > COLA page for the latest COLA figure. Business Services Center Albany, NY 12226-1900, This page is available in other languages, M/C Life Insurance Transition to Retirement Notice PS-932, M/C Life Insurance Information on the Department of Civil Service Website, The Organization of NYS Management Confidential Employees. You have the following five options for continuing dental and vision coverage: Option 1: The Consolidated Omnibus Budget Reconciliation Act (COBRA). Get the most out of your NYSTRS membership. You must enroll no later than 90 days post-retirement, or immediately following the end of COBRA coverage. The Summary of Benefits and Coverage is a simple, federally mandated table intended to aid consumer understanding. CDPHP Latham, New York 12110-2395 You may also fax the form to us at (518) 447-4749. A Cost-of-Living-Adjustment (COLA) is an automatic increase to a pension that eligible NYSTRS retirees and beneficiaries receive each September. Health Insurance Your health insurance coverage will end 28 days after the last day in the payroll period in which you worked. If we receive your application closer to your retirement date, your first two payments may be made together at the end of the following month. In order to continue your health insurance into retirement, and have the state continue to pay the employers share of your health insurance premiums, you must meet ALL three of the following eligibility requirements: 1. The New York State Health Insurance Program The Empire Plan NYSHIP-approved Health Maintenance Organizations (HMOs) Who is eligible for NYSHIP? Participants with access to both programs and elect both programs must start both programs in the same month. Building 5, Floor 6 Vision Benefits. We strongly encourage you to review other plan material before making a decision about the coverage you and your family will have for the next year. Employee Benefit Programs | Office of Employee Relations ALL Disability Retirees: You must report your gross employment earnings (or confirm you are not gainfully employed) to NYSTRS annually using either the Disability Earnings After Retirement feature in MyNYSTRS or a paper Disability Retiree Statement of Earnings (DIS-153) form, which will be mailed to you each February. You will receive an enrollment form and summary of benefits after you retire, or at the end of the COBRA period. In these cases, your second benefit payment should be higher than your first. From your Account Homepage, go to the 'My Account Summary' section and click the "Estimate my Pension Benefit" button. Areas where there are no providers result in the member being reimbursed for covered services on the fee scheduled amount for the services rendered. See our Working in Retirement pamphlet for details. 6140. Three benefit levels are available: Individual, Individual + Spouse, and Family coverage. or other disability benefits you are receiving. Still have questions? We recommend using the Earnings After Retirement feature in your MyNYSTRS account to report earnings monthly. 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. When we have completed your processing, you will receive a letter that details your final pension amount and the information used in our calculations. $7857 / 216 (life expectancy in months) = $36.38 MSLC You were previously covered by an EBF vision plan on or after June 1, 2016. They are not part of Medicare. How to Enroll:Questions regarding COBRA coverage should be directed to the CSEA Benefit Fund at 1-800-323-2732 or 518-782-1500. How is payment made for Retiree Benefits? NYSTRS will need the members name, EmplID or Social Security number, and date of death. The New York State and Local Retirement System (NYSLRS) pays retirement benefits monthly. 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. Empire Plan Health Insurance Certificate - Detailed description of the benefits and plan requirements. Policy File Ref: A1140 Subject: Retirement Sick Leave Credit. 1220 Washington Ave PDF NYSHIP Rates & Choose Your Health Insurance Option Information for 2020 What happens to my health insurance when I retire and how do I pay for it? Independent Health Should I use the Summary of Benefits and Coverage to decide which NYSHIP option is best for my family? Your employer signed a Retiree Memorandum during your employment for Retiree Vision coverage into retirement. To be eligible for coverage under a NYSHIP HMO, you must live in the HMO's service area. Alternatively, you may print an Application for Retirement (RET-54) from our website, complete it, have it notarized, and mail it to NYSTRS. About:COBRA is a federal law that requires most employers sponsoring group health plans to offer employee and their families the opportunity for a temporary extension of all types of health insurance coverage. Please go here Retiree Benefits : CSEA EBF You may use any licensed dentist for dental care. 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. Resources | Office of Employee Relations For additional details and information on earnings limits, read our pamphlet Working in Retirement. Dental Claim Forms are available for downloading here. If you are a NYSTRS service retiree, you can have unlimited earnings in retirement without it impacting your public pension under the following scenarios: You may also qualify for unlimited earnings if your employer receives a waiver on your behalf from the appropriate governing body. 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. After I retire, can I return to teaching in a New York State public school? Monday-Friday, 8 am 5 pm more. The online version has built-in logic to help ensure you dont inadvertently miss a step or make a mistake that would cause a rejection of the application or a delay in your benefit payments. General information about benefit reduction is located here. You will receive an enrollment form and summary of benefits after you retire, or at the end of the COBRA Period. How is the Paragraph 2 Death Benefit calculated? Q. You may also get a tax break on any distributions from retirement savings, such as deferred compensation, and benefits from a private-sector pension. (347) 643-3501 TTY. Notifying your employer that you are resigning is a separate process from retiring and collecting a pension. Your SBC may provide you with some information that will explain how you are covered for certain services, such as what your copayment is. A 1099-R tax form lists the gross amount of your benefit, the taxable amount, and any federal income tax withheld for the previous calendar year. While the calculation of your earnings limit considers income from all forms of employment, it does not include returns on investments (stocks, bonds, etc.) Contact the Employee Benefits Division if you have questions at 518-457-5754 or 1-800-833-4344 (United States, Canada, Puerto Rico, Virgin Islands). Submit a Media 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). Keep your health insurance payments up to date until your pension deductions begin. You must notify the Retiree Department no later than the 25th of the current month to terminate coverage at the end of that month. If you need another copy, you can print one from your MyNYSTRS account or call us at (800) 348-7298, Ext. Most Tier 6 members are eligible for a service retirement benefit at age 63, or they can choose to retire as early as age 55 with a reduced benefit. Retirement System. If you plan to return to work for a NYSTRS participating employer immediately following your anticipated date of retirement, you MUST have a break in service of at least one business day before working in retirement. PDF New York State Retiree Health Insurance and Related Benefits Frequently Health Benefits - Retiree - Empire Plan - Government of New York New York State has a two-week payroll lag, you will receive your last regular paycheck two weeks after leaving State service. You must enroll no later than 90 days post-retirement, or immediately following the end of COBRA coverage. Pension deduction is not available. How do I update my banking 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 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. If your retirement date is later than the first of the month and you receive your first payment at the end of the month you retired, your first payment will reflect only the days you were retired, not a full month of pay. It became clear that the method of calculation needed to be simplified and defined within the context of the Civil Service Law. Latham, New York 12110-2395 Preparing for Retirement | Office of the New York State Comptroller If you selected a payment option that provides coverage for a beneficiary, the following applies: Paper forms should be mailed to NYSTRS at 10 Corporate Woods Drive, Albany, NY 12211. You may be able to use sick leave credits to reduce your cost. eligible for City-paid health insurance benefits. Retired members are eligible for the COLA if they meet one of the following requirements: What is a Post-Retirement Paragraph 2 Death Benefit? Participants using a Plan Provider and staying within the Retiree Vision Program pay no out of pocket costs at the provider office. Call 1-866-805-0990, or 518-474-7736 in the Albany, NY area, to request a projection. NYSHIP will again offer the Opt-Out Program in 2023, which will allow eligible employees who have employer sponsored group health insurance, to opt out of their NYSHIP coverage in exchange for an incentive payment. 6140. When you start receiving a pension from NYCERS, you may be On the. Many retirees can continue health insurance coverage after they retire. Please consult NYSLRS about your specific circumstance. What is my dental and vision coverage once I retire? 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. 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. Next Section. If you would like information about an HMO's Medicare Advantage Plan, refer to Choices for 2019 or contact the HMO. Life Changes: A Guide for Retirees | Office of the New York State PDF Health Insurance Benefits in RETIREMENT - CSEA, AFSCME $500 allowance towards the cost of dental implant body -2 per calendar year. However, certain situations may delay your first payment. Always refer to other plan material, such as Choices for 2019 for more information about The Empire Plan and NYSHIP HMOs if you are making a decision about your family's coverage. A. Please consult NYSLRS about your specific circumstance. Click on the tabs below to view highlights and associated forms regarding your retiree benefits or download a digital copy of our Retiree Dental Booklet / Retiree Vision Booklet / Retiree Dental and Vision Booklet for a full overview of coverage. Can I get a paper copy of the Summary of Benefits and Coverage if I need one? All New York State employees who are enrolled in health insurance are automatically sent enrollment information on GHI Retiree Dental Plan at the time of your retirement. If you are a NYSHIP enrollee, before leaving State service, you may be able to continue your health insurance through one of the following: Your dental and vision insurance coverage will end 28 days after the last day in the payroll period in which you worked. You retire directly from employment with your employer and had an EBF dental plan in place on the date of your retirement. Please note: A $20 fee will be charged by the EBF for each payment declined by your bank. Why is that? Depending on your Retirement Tier, certain scenarios may result in a pension reduction. Estimate Your Pension | Office of the New York State Comptroller If you are considering returning to paid employment, we urge you to contact the System first to determine eligibility for continued benefits. Mail the completed form to NYSTRS at 10 Corporate Woods Drive, Albany, NY 12211. Planning to Retire? | Human Resources - Stony Brook University Completed dental claims must be submitted on a Universal ADA Claim Form. Unless you fall into a category which allows unlimited earnings, you must report your non-pension earnings to NYSTRS as soon as you reach $35,000. All New York State employeeswho are enrolled in health insurance are automatically sent enrollment information on GHI Retiree Dental Plan at the time of your retirement. Once this information is received, we will contact the appropriate person(s) as necessary. Phone: (800) 323-2732, 2023 CSEA Employee Benefit Fund. NYSHIP & Medicare - information about which coverage is primary and when, and how they work together. A minimum of 12 months participation is required for the enrollee and any eligible dependents. HIP Federal tax tables can help you determine how much NYSTRS would withhold from your benefit payment under various scenarios. Click on the link below to access the Summary of Benefits and Coverage for the following: The Empire Plan | (Espaol) This means that the earliest date that you can receive yourpayment isthe third pay period afterleavingstate service. When you start receiving a pension from NYCERS, you may be eligible for City-paid health insurance benefits. From COLAs to taxes, the Handbook will guide you in retirement. This plan is administered by Emblem Health (GHI). Fax: (518) 457-1879, New York State Department of Civil Service Contact your former employers human resources or business office for information regarding health benefits and/or Medicare reimbursement. Three Reasons to Keep Working Tier 3 and 4 members can claim their benefits as early as age 55, but they'll face a significant penalty for early retirement - up to a 27 percent reduction in their pension. Instead of being all-inclusive, this short checklist highlights some of the critical steps you should take. How can I adjust my federal tax withholding? Try the BSC Help Center where you can send a question to our support team or search a database of FAQs. 8a.m.4:15 p.m. Mon-Thurs. Determine the Hourly Rate of Pay (HRP). As a reminder, it is no longer necessary to reenroll in the Opt-Out Program each year. In addition, if you receive a payment before age 55 and you do not roll it over, you may have to pay a penalty tax equal to 10%of the payment. The Walk-in Center at 340 Jay Street in downtown Brooklyn is openMonday Friday, 8 am 5 pm, for drop off of fully completed forms, answers to quick inquiries, and appointments. Coverage runs from November 1 through October 31. Retiree - Summary of Benefits and Coverage - Government of New York are not offered or administered by NYCERS. Are there any situations where I can earn an unlimited amount of money working in retirement without it impacting my NYSTRS benefits? Fax: (518) 485-5590, This page is available in other languages. Tier 1 and 2 Members:It is possible for Tier 1 and 2 members to receive a disability retirement from their teaching job and then work in a different job that is not affected by their disability. When will I receive my first payment? NYSTRS mails your 1099-R form to you each year in January. Hiring Date and Years of Service You were hired before April 1, 1975, and have: Step 2. Blue Choice I just received my first payment and it was lower than I expected. Payments are due on the 1st of each month. Retiree Dental & Vision Booklet (if enrolled in both programs), Not All participants have access to both Programs. Your loved ones should also refer to When a Member Falls Ill or Passes Away, which includes more important information. The Summary of Benefits and Coverage (SBC) is simple and standardized comparison document required by the Patient Protection and Affordable Care Act (PPACA). Click the plan names below to view a Summary of Benefits and Coverage for each option. BSC Benefits Team Email:[emailprotected]Mailing Address: 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). Leaving a State Job | Business Services Center Monday-Friday 9 am 5 pm You must enroll no later than 90 days post-retirement, or immediately following the end of COBRA coverage. If you need a paper copy of the Summary of Benefits and Coverage or the Uniform Glossary for a NYSHIP HMO, please contact the HMO. Building 5, Floor 6 The Guide is a planning and reference tool for CSEA members and provides important information on pension, social security benefits at retirement as well as insurance plans endorsed by CSEA. Sick Leave Credit Estimator for NYS Employees Career tools, resources, and workshops for state employees, State-sponsored voluntary retirement savings plan for state employees, Health insurance program for state employees, Information about the NYS Retirement Program, Allows state employees to register for classes and track training history, This page is available in other languages, Links to information about the employee benefit programs available to state employees. All insurance plans are required to produce a Summary of Benefits and Coverage based on a uniform template and customized to reflect the plans unique terms. Call Center Hours The COLA is applied to the first $18,000 of the maximum pension benefit. For NYS Retirees:If you chooseto enroll you will receivebothdental and vision benefits. If you earn more than the limit, your disability benefit will be reduced to reflect the excess earnings. Consultant work for a NYS public employer only if your NYSTRS date of membership is. Retirement Forms | Business Services Center The automated system will use salary reported to date, and project additional service credit based on a date of retirement up to five years in the future. Forms and Correspondence Mailing Address Option 3: Employee Benefit Fund (EBF) Dental and Vision Programs. It's unlikely that you would pay the same amount listed in the "you pay" cell of the Summary of Benefits and Coverage. Retired Member FAQs | Frequently Asked Retirement Questions - NYSTRS We encourage you to file your retirement application online through your MyNYSTRS account because doing so has many advantages. These Coverage Examples are intended to help you compare your overall coverage and are not intended as a cost estimator. $54,677 / 2088 = $26.19 HRP Step 2. Retiree Health Insurance | Business Services Center If the beneficiary of your Paragraph 2 Death Benefit dies, you may update your beneficiary by using the Beneficiaries tab under My Retirement in your secure MyNYSTRS account or by filing a new paper form Designation of Beneficiary for In-Service or Post-Retirement Paragraph 2 Death Benefit (NET 11.4). From elections to Annual Meeting information, everything a Delegate needs to know. 335 Adams Street, Suite 2300 Tier 3 & 4 Members: When Is The Right Time To Retire? 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. You had to have a negotiated EBF dental or vision plan on the date of your retirement to access the program(s). Only for use by members of the press. This page is available in other languages, Dental & Vision Benefits for CSEA Retirees. Our payor number is CX054. This is required even if your public employer reports your earnings, you have a waiver to exceed the earnings limit or your public employer contracted with a private, third-party entity to hire you. Fixed co-pays for services not covered under the Program. New York doesn't tax Social Security benefits, either. To select a comparison, you must know what vision plan you had as an active employee. At least age 62 and retired at least five years. Being able to change beneficiaries depends on the type of benefit payment you selected at retirement and whether you are eligible for a Post-Retirement Paragraph 2 Death Benefit. If applicable, we will also retroactively pay you any money owed above the payments you received back to your date of retirement. These terms are defined in the Uniform Glossary, a non-customized companion document to the SBC. A photocopy of your marriage certificate, court order or divorce decree stating legal change of name. Health benefits Typically, you are billed monthly for premiums until your pension calculation is finalized by the retirement system. Over 1500 providers in New York State and over 13,000 nationwide. How do I complete the retirement form RS-6355? Please note: A $20 fee will be charged by the EBF for each payment declined by your bank. You are required to return all state equipment and property to your agency before leaving State service, e.g., laptops, phones, etc. In addition, if you requested a specific dollar amount of federal income tax be withheld from your pay each month, the entire requested amount will be withheld from the first payment. Your benefit is exempt from New York State, Social Security and Medicare taxes.
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