Planning for Retirement

Retirement Checklist

NYU Retirement Benefits Guide document
NYU’s Planning for Retirement webpage has information on all of your benefits as an NYU retiree, including RETIREE HEALTH INSURANCE.
Be sure to click on the MORE BENEFITS link.

Here are some retiree benefits you may not be aware of:
VSP Retiree Discount Vision Plan – FREE for retirees
Health Advocate – FREE for retirees
$30,000 Basic Life Insurance – FREE for retirees
Life Insurance Claim Form
Life Insurance Beneficiary Designation Form
Note: You must let your beneficiary/survivor know about your
life insurance and how to claim it; NYU does not come looking for a
beneficiary/survivor to pay them the $30,000 when you have died.
MetLife Dental for retirees – Rates vary depending on where you live.
Currently (2020) $24.50-$34.75 monthly.

Union-Negotiated NYU Staff Pension Plan:
The Summary Plan Description for the NYU Staff Pension Plan will answer most questions about our defined benefit pension plan;
Aon is the administrator of the NYU Staff Pension Plan. On their website you can estimate your pension and learn how to apply for your pension when you are ready to retire.
How is my union-negotiated NYU Staff Pension calculated?
The math for determining your union-negotiated defined benefit pension can be found on page 15 of the Collective Bargaining Agreement, Article 20.  If, having applied for your pension, you believe that Aon has miscalculated your benefit, you should first contact Aon for an explanation/resolution. If they do not explain/resolve the issue to your satisfaction then you should contact PeopleLink, NYU’s benefits and payroll service center, at askpeoplelink@nyu.edu or 212-992-5465.

TIAA-CREF
If you are enrolled in the TIAA-CREF Supplemental Tax Deferred Annuity Plan, contact NYU Retirement Plans Helpline at TIAA at 844-NYU-TIAA (844-698-8422) to learn how to start receiving withdrawals in retirement. You will probably want to schedule an appointment with a TIAA-CREF advisor.

Social Security:
CLICK HERE to apply for Social Security Retirement benefits.