Resources
Retirement checklist for New York State employees, calculators, and other resources
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Retirement Checklist for New York State Employees
This Checklist will help you in planning for retirement and should be used in conjunction with the Self-Help Guide. Instead of being all-inclusive, this short checklist highlights some of the critical steps you should take.
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Online Benefit Calculators
The New York State Health Insurance Program (NYSHIP), Social Security, Deferred Compensation, and the New York State Pension System each have a benefit calculator available online. See the instructions below for each program.
NYSHIP
To estimate the value of your sick leave credit, go to: www.cs.ny.gov/employee-benefits/login/. Answer the two individual questions, choose Planning to Retire, and navigate to the Sick Leave Credit Calculator.
Social Security
Social Security has an online calculator at Retirement Estimator that will provide immediate and personalized benefit estimates to help you plan for your retirement. The Retirement Estimator is tied to your actual Social Security earnings record and eliminates the need to manually enter earnings information.
Deferred Compensation
To use to the online planning tool, go to Retirement Planner and click Get Started for suggestions on improving your retirement outlook.
NYS Pension
You can use the Benefit Projection Calculator on the Office of the State Comptroller’s website to project your approximate pension based on the retirement date you choose. The calculator also projects benefit amounts under the various payment options available to you at retirement. Visit Projecting Your Pension to use the calculator.
The Retirement Planning Resources Quick List
The Retirement Planning Resources Quick List has a few primary resources including websites and phone numbers to assist Executive Branch state employees. Numerous additional resources can be found at the end of each chapter in the Self-Help Guide to Pre-Retirement Planning.
Need NYS Retirement System forms? In chapter 9 of the Self-Help Guide to Pre-Retirement Planning (above) you will find samples of the following forms:
- RS 5042 - Supplemental Statement of Services
- RS 6030 - Request for Estimate
- RS 6037 - Application for Service Retirement
- W4P - Federal Tax Withholding (for pension)
- RS 5127 - Designation of Beneficiary with Contingent Beneficiaries (for active employees, not retirees).
To download and print the actual forms, go to the Office of the State Comptroller website at: http://osc.state.ny.us/retire/forms/.