Pension Advantage
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What It Is Eligibility Features Payment Options How To Apply Contact |
What It IsEnjoy convenience, additional coverage and/or discounted premiums when you use pension deduction as your payment method to purchase NYSUT Member Benefits Trust-endorsed programs.
EligibilityPension deduction of NYSUT Member Benefits Trust-endorsed programs is available to retiree members of NYSUT who are receiving a monthly pension benefit from New York State Teachers' Retirement System, New York City Teachers' Retirement System or New York State Employees' Retirement System, or who are receiving income from a monthly lifetime annuity from TIAA-CREF.
FeaturesPension deduction is a payment option for:
Payment OptionsThere is no fee to use pension deduction as a payment option for NYSUT Member Benefits Trust-endorsed programs. For many programs, premiums are reduced, service fees are waived, or additional coverage is provided at no additional cost when pension deduction is used.
How To ApplyIf you would like to apply for any of the benefits available, contact Member Benefits for a brochure and application. Request a Pension Deduction Authorization card to be included. (Remember, you must be receiving a monthly pension benefit from NYSTRS, NYSERS, NYCTRS or TIAA-CREF.) When you apply, also fill out the Pension Deduction Authorization card and mail it along with the application. Send no money. When your application has been processed, Member Benefits will advise your retirement system of the deduction amount and start date.
ContactFor more information, call Member Benefits toll-free at (800) 626-8101, weekdays from 9 a.m. to 5 p.m. Eastern Time, or e-mail us at: Member Benefits. |
