NYSLRS Loans: What You Need To Know

You may also print and mail in a loan application: Your loan is always exempt from New York State and local taxes. Please note that a paper application must be notarized. Contact Us click here to open or close a menu containing contact information. The outstanding loan balance will continue to accrue both interest and insurance charges until it is paid in full or you retire, whichever occurs first. It may not be the total tax that you owe. All non-resident aliens must complete a W-8BEN form.

Loan Reduction Examples

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Loans: Applying and Repaying. Table of Contents. Before You Borrow. Loan Requirements; The loan application is used as a substitute for the W-9 tax form, which all U.S. citizens and resident aliens must complete. A check or money order payable to the New York State and Local Retirement System, with “loan payment” and your. Loan Application (For Members Covered by Articles 14, 15 or 22) O ffice of the New York State Comptroller. N ew York State and Local Retirement System. Receipt Date. Mail completed form to: NEW YORK STATE AND LOCAL RETIREMENT SYSTEM. STATE STREET - MAIL DROP ALBANY NY Please see pages 4 and 5 for instructions on. NEW YORK STATE TEACHERS’ RETIREMENT SYSTEM 5-YEAR LOAN APPLICATION – ALL TIERS INSTRUCTIONS: Type or print in blue or black ink. Review all pages before completing this form. If you have questions about the completion of this form, please call () , Ext. Completed forms must be mailed (not faxed) to the address above.

How much can I qualify for?

Disclaimer

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If you’ve taken a loan against your New York State and Local Retirement System (NYSLRS) contributions, please remember to pay it back before you retire. An outstanding NYSLRS loan balance at retirement will permanently reduce your retirement benefit. You can’t make loan payments after you retire, and the reduction doesn’t go away after we recover the funds. Access forms for active NYSTRS members including a membership application, member name/address change, loan applications and more. Search: Benefits Active Member Forms , Ext. Please note: If your membership in another NYS retirement system is still active, you can transfer it to NYSTRS. You may initiate the transfer by. The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers. Our Mission: A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services to help State and local public employees achieve their.

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