What types of benefits are provided by NYSTRS?
A death benefit, i.e., a lump sum benefit payable upon the member’s death. A potentially very significant active service death benefit is payable if the member dies while in active service. A more modest pre-retirement vested member death benefit is payable if the member dies outside of active service and prior to retirement, provided the member had at least 10 years of credited service at the time of death. An ordinarily very modest post-retirement death benefit is payable upon the death of a member in retirement, provided the member had a date of membership on or after July 1, 1973 and was in active service at the time of retirement.
