The current COVID-19 pandemic, looming budget cuts, possible district incentives, and the changing face of education for the 2020-2021 school year have many members wondering about the possibility of retirement.
CAS presented two in-person, socially distanced, retirement planning workshops on November 17th and 18th at the Melville Marriott Hotel for school administrators from across Nassau and Suffolk Counties contemplating their futures. The CAS retirement planning workshops entitled “Will I be Ready and Able to Retire as Planned?” were presented by Andrew Buttelman and guest speaker David Daly. Our retirement planning support team provided CAS members with valuable information about their New York State Teachers Retirement System (NYSTRS) pension benefits, long-term financial planning, and Social Security. David Daly was the New York Teachers Retirement system spokesperson and the Coordinator of Pre-Retirement Planning for many years and is a well-respected expert on the NYS pension system. Topics discussed included choosing a retirement option, understanding your in-service death benefit, prior service and out of state service, unused sick days, employer-sponsored non-elective and elective 403(B) plans, understanding all pension tiers, and member benefit calculations.
CAS will continue to inform members should the state or your school district offer a retirement incentive. Of course, if you have any questions about the possibility of retiring soon, please do not hesitate to contact your CAS attorney.
Members unable to attend this workshop who would like the information distributed should contact Andrew Buttelman.