Retiree Council 23 Fall Luncheon
Wednesday, October 21
Noon to 3:00p.m.
Three Village Inn, Stony Brook
Please download the RC23 Fall Lunch Flyer and RSVP by October 7.
AFT, NYSUT, & RC 23
Union related posts — specifically concerning the American Federation of Teachers (AFT), New York State United Teachers (NYSUT) or Retiree Council 23 (RC 23).
RC 23 Cape May Trip Canceled
Unfortunately, the Cape May Trip for October 13-14 had to be canceled
because there was not enough response. A day trip to the 9-11 Memorial is
being planned. Watch this space for further information!
NYSUT MAC Alerts …
Do you want to receive announcements from the NYSUT Member Action Center as text alerts on your smartphone? Simply text the word “nysut” to the contact number 38470. That’s all there is to it!
AFT Endorses Hillary Clinton
The AFT executive council voted overwhelmingly on July 11 to endorse Hillary Clinton in the 2016 Democratic primary for president of the United States. The AFT is the first national union to endorse a presidential candidate this year. “In vision, in experience and in leadership, Hillary Clinton is the champion working families need in the White House,” says AFT President Randi Weingarten.
“Quality education isn’t just a nice-to-have, it’s a must-have for our kids and our economy. Hillary Clinton understands that, and that’s why her economic vision includes strong education, from early childhood education all the way through higher education. I’m proud that my AFT union is supporting Hillary,” says Marty Fridgen, a teacher in South Washington County Schools in Woodbury, Minn.
NYSTRS June Newsletter
The June 2015 issue of NYSTRS’ Resource newsletter is now available on the NYSUT website. Download the newsletter (PDF).
In This Issue:
Coming in September: A COLA Increase
Eligible retirees receiving a monthly benefit of any amount from NYSTRS will see a cost-of-living adjustment (COLA) of 1.0% on the first $18,000 of their annual benefit payment beginning this September, the result of legislation enacted in New York 15 years ago.
NYSTRS Remains a Top-10 Fund
NYSTRS is once again ranked among the top-10 pension funds in the nation according to trade publication Pensions & Investments (P&I).
Promised Pensions Are Guaranteed
NYSTRS retirees have received benefits in full and without fail since 1921.
Your Pension a Better Bang for the Buck
Pension plans like the one administered by NYSTRS are far more cost efficient at providing retirement income compared to individual defined contribution accounts, according to a study conducted by the National Institute on Retirement Security (NIRS).
Changing Banks? Also Change Direct Deposit Info
If you’re changing banks, make sure you update your direct deposit instructions with NYSTRS. If you have a MyNYSTRS account, you can now make the change online at NYSTRS.org.
Experience the Convenience of MyNYSTRS
A MyNYSTRS account gives you access to all your Retirement System benefit information and a variety of self-service tools – accessible in one convenient, secure location.
You’re Invited to Clean Out Our Account!
NYSTRS holds $13.5 million in an Abandoned Accounts Fund that the System would ideally like to see drawn down. Your help in locating rightful owners of the money would be appreciated.
Read previous issues of Resource on the NYSUT website. – See more at: http://rc23.ny.aft.org/member-benefits/nystrs-resource-june-newsletter#sthash.WiPigUtT.dpuf