NYSLRS Tier 6 pays 1.66% a year under 20 years, 35% at 20 years and 2% for each year after that, with full benefits from 63 and a 6.5% cut for each year earlier. Tiers 3, 4 and 5 pay 1.66% a year under 20 years, 2% a year from 20 to 30 and 1.5% after 30, with full benefits at 62. Tier 3 and 4 members with 30 years have no reduction from 55; Tier 5 members are reduced before 62 regardless of service.
Tier 6 (joined April 2012 or later)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | 8.0% | 12.0% | 16.8% | 21.6% | 26.4% | 31.2% |
| 56 | 9.0% | 13.6% | 19.1% | 24.5% | 30.0% | 35.4% |
| 57 | 10.1% | 15.2% | 21.3% | 27.5% | 33.6% | 39.7% |
| 58 | 11.2% | 16.8% | 23.6% | 30.4% | 37.1% | 43.9% |
| 59 | 12.3% | 18.4% | 25.9% | 33.3% | 40.7% | 48.1% |
| 60 | 13.4% | 20.0% | 28.2% | 36.2% | 44.3% | 52.3% |
| 61 | 14.4% | 21.7% | 30.5% | 39.2% | 47.9% | 56.6% |
| 62 | 15.5% | 23.3% | 32.7% | 42.1% | 51.4% | 60.8% |
| 63 | 16.6% | 24.9% | 35.0% | 45.0% | 55.0% | 65.0% |
| 64 | 16.6% | 24.9% | 35.0% | 45.0% | 55.0% | 65.0% |
| 65 | 16.6% | 24.9% | 35.0% | 45.0% | 55.0% | 65.0% |
| 66 | 16.6% | 24.9% | 35.0% | 45.0% | 55.0% | 65.0% |
| 67 | 16.6% | 24.9% | 35.0% | 45.0% | 55.0% | 65.0% |
Tier 5 (joined Jan 2010 – March 2012)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | 10.2% | 15.4% | 24.7% | 30.8% | 37.0% | 41.6% |
| 56 | 11.1% | 16.6% | 26.7% | 33.3% | 40.0% | 45.0% |
| 57 | 11.9% | 17.8% | 28.7% | 35.8% | 43.0% | 48.4% |
| 58 | 12.7% | 19.1% | 30.7% | 38.3% | 46.0% | 51.8% |
| 59 | 13.6% | 20.3% | 32.7% | 40.8% | 49.0% | 55.1% |
| 60 | 14.4% | 21.6% | 34.7% | 43.3% | 52.0% | 58.5% |
| 61 | 15.5% | 23.2% | 37.3% | 46.7% | 56.0% | 63.0% |
| 62 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 63 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 64 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 65 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 66 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 67 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
Tier 3 or 4 (joined July 1976 – Dec 2009)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | 12.1% | 18.2% | 29.2% | 36.5% | 60.0% | 67.5% |
| 56 | 12.6% | 18.9% | 30.4% | 38.0% | 60.0% | 67.5% |
| 57 | 13.1% | 19.7% | 31.6% | 39.5% | 60.0% | 67.5% |
| 58 | 13.6% | 20.4% | 32.8% | 41.0% | 60.0% | 67.5% |
| 59 | 14.1% | 21.2% | 34.0% | 42.5% | 60.0% | 67.5% |
| 60 | 14.6% | 21.9% | 35.2% | 44.0% | 60.0% | 67.5% |
| 61 | 15.6% | 23.4% | 37.6% | 47.0% | 60.0% | 67.5% |
| 62 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 63 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 64 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 65 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 66 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
| 67 | 16.6% | 24.9% | 40.0% | 50.0% | 60.0% | 67.5% |
Percent of final average salary, before tax and before any survivor-option reduction. Green cells are unreduced. A dash means you cannot retire yet at that age and service.
Turning a percentage into dollars
Multiply the percentage by your final average salary and divide by twelve. At 60% of an $80,000 average, the pension is $48,000 a year, or $4,000 a month. Highest three consecutive years of earnings. Pay in any year counts only up to 10% above the average of the two years before it. The NYSLRS calculator does the arithmetic for any age, service and salary, and the pension by years table shows monthly amounts at common salaries.
How to use the chart
Find your expected service in the columns and read down to see how the benefit changes as you wait. The jump from one row to the next shows what an extra year at work is worth. When a whole row turns green, that age is unreduced for that service. To find the exact day you reach it, use the retirement date finder.
