What is the Post-Retirement Paragraph 2 Death Benefit?
A Paragraph 2 Death Benefit would be paid to the beneficiary of a Tier 2, 3, or 4 retiree whose Paragraph 2 Death Benefit was in effect at retirement. The post-retirement benefit is 50% of the death benefit in effect at retirement if the member dies in the first year after retirement, 25% of the death benefit at retirement if the member dies in the second year after retirement, and 10% of the death benefit at retirement for ensuing years. Members’ eligibility for this benefit coverage is jeopardized if they have gainful employment (other than service reportable to NYSTRS) between the date they ceased teaching and their date of retirement. Thinking of retirement? Preretirement tips NYSUT/AFT Proposed Dues Schedule for 2008-2009 MembershipYear NYSUT Social Services: A Phone Call Away A confidential and free service that offers advocacy, referrals, and reassurance to in-service and retired members. The goal of the program is to help members with concerns about their lives and their famili
A Paragraph 2 Death Benefit would be paid to the beneficiary of a Tier 2, 3, or 4 retiree whose Paragraph 2 Death Benefit was in effect at retirement. The post-retirement benefit is 50% of the death benefit in effect at retirement if the member dies in the first year after retirement, 25% of the death benefit at retirement if the member dies in the second year after retirement, and 10% of the death benefit at retirement for ensuing years. Members’ eligibility for this benefit coverage is jeopardized if they have gainful employment (other than service reportable to NYSTRS) between the date they ceased teaching and their date of retirement.
