This online tool assists New York State Teachers’ Retirement System (NYSTRS) members in estimating their retirement benefits. It allows users to input various factors, such as years of service, final average salary, and retirement tier, to project potential retirement income. An example scenario might involve a user inputting 30 years of service, a final average salary of $80,000, and Tier 4 membership to receive an estimated annual benefit amount.
Access to this resource empowers members to make informed financial decisions for their future. By providing personalized projections, the tool facilitates proactive retirement planning. Historically, estimating retirement benefits often involved complex calculations and consultations. This online tool simplifies the process, making retirement planning more accessible and transparent.
