On Saturday, October 29, a Pre-Retirement Seminar was held at NYSUT Headquarters for active teachers and SRPs within Election Districts 9, 10, and 12. The seminar was hosted as a collaborative effort by Retiree Council 10 and Election District 10.
Forty-five teachers and support staff came to hear from Cori Bichteman, representing the New York State Teachers' Retirement System, Jean Bonneau from the New York State Employees Retirement System, Kathryn Maguire from NYSUT Member Benefits, and Steve Kramer from Feldman, Kramer & Monaco, P.C., who spoke about legal considerations before and after retirement.
Cori and Jean explained to the future retirees the differences between Tiers 1-6, the importance of checking that all employment service is recorded by the retirement systems (have they worked for the town government, local library, etc.?), options available to them at the time of retirement, etc. Cori also discussed the method used to determine social security benefits; and the differences in benefits when retiring at 62, at a person’s full retirement age, and at 70.
Kate Maguire, an Assistant in NYSUT Member Benefits, discussed the multiple member benefits that continue into retirement. She indicated that there are options for various insurances (home, auto, dental, vision, etc.), travel opportunities, legal services, and discounts on various products. If you have not investigated member benefits, give Kate a call at 800-626-8101.
Steven Kramer from Feldman, Kramer & Monaco, P.C, provided information on trust and estate law which included the importance of a health care proxy, power of attorney, living will, and other documents to be considered as people retire.
Six Joy Bears were distributed to those attending who have colleagues and friends undergoing cancer treatment. Many of the attendees indicated they would be joining the Joy Bear Project when they retire.
To see photos of othe event, visit our photo album, listed under News on the above menu, and then Photos.
If you know of a NYSUT member thinking about retiring in the next few years, remind them of the Pre-Retirement Seminar that will be held in October of 2017.