Pension Advantage

PLEASE NOTE:
Pension Deduction
of Member Benefits-endorsed programs is available to NYSUT retirees collecting a monthly pension benefit from the New York State Teachers’ Retirement System, New York City Teachers’ Retirement System, New York State Employees’ Retirement System, or New York City Board of Education Retirement System; it's also an option for retirees who receive income from a monthly lifetime annuity from TIAA.

If you are unsure whether you are eligible for payroll/pension deductions, please contact Member Benefits at 800-626-8101. For more information, refer to the full versions of Payroll or Pension Advantage.

WHERE DO I SEND THE COMPLETED AUTHORIZATION FORM?
When you receive your premium renewal notice, mail it along with a signed Pension Deduction Authorization Form to the address indicated on your premium renewal notice. Send no other form of payment as the completed form is your payment. A separate form must accompany each program and each participant.

Please note that you must sign a Pension Deduction Authorization Form for each program that you choose to pay via pension deduction.

Example: A NYSUT member and spouse both have term life insurance so two forms would be needed -- one for each invoice and individual. The form for a non-member/spouse/domestic partner covered individual must be completed with the member’s information, not that of the non-member.

View and/or download a Pension Deduction Authorization Form.


HOW TO APPLY OR CHANGE MY PAYMENT METHOD:
If you would like to apply for any of our benefits available, please contact Member Benefits for a brochure and application. Request that a Pension Deduction Authorization Form be included if necessary.

When you apply for any of these benefits eligible for pension deduction for the first time, please enclose the Pension Deduction Authorization Form when sending the application. Do not send any money. When your application has been processed, Member Benefits will advise your retirement system of the deduction amount and start date.

If you are already participating in one of our programs and are not using pension deduction but have this method available to you, you can easily convert your payment to pension deduction when your premium is up for renewal.

When you receive your premium renewal notice, mail it along with a signed Pension Deduction Authorization Form to the address indicated on your premium renewal notice. Do not send any money. Member Benefits will be notified of the change and will advise your retirement system to begin your deductions.

SWITCHING FROM PAYROLL TO PENSION DEDUCTION:
If you're currently on payroll deduction but will soon be retiring, learn about switching to pension deduction.

For more information, contact Member Benefits at 800-626-8101 weekdays from 9 a.m. to 5 p.m. (EST).