Retirement Planning Tips for New York State Employees
Tip of the Month
September 2014 – How will I pay for my health insurance as a retiree?
When you retire, you will pay your share of the health insurance premium through deductions from your monthly pension check or by making monthly payments directly to the NYS Department of Civil Service Employee Benefits Division. It may take several months for the Employee Benefits Division to receive the retirement number assigned to you by the Retirement System and begin taking monthly health insurance deductions from your pension. Meanwhile, each month you will be billed directly for your share of the premium. You must pay what you are billed until your deductions begin or you may be canceled for nonpayment of premium. For more information visit the Department of Civil Service website at: www.cs.ny.gov or call (800) 833–4344.