What happened to the retired teacher’s spouse's pension?
Sep 27, 2021 · Retired NYC employees sue to block new ‘inferior’ Medicare coverage By Priscilla DeGregory, Julia Marsh and Carl Campanile September 27, 2021 5:24pm Updated A group of nearly 4,000 former public...
Do you pay into social security as a retired teacher?
You have at least fifteen (15) years of credited service as a member of either the Teachers’ Retirement System or the Board of Education Retirement System if you were an employee of the City or the Department of Education appointed on or after April 28, 2010, and held a position represented by the recognized teacher organization on the last ...
How long did the teacher's wife work at the school?
If you are an active staff member, the UN insurance is always primary and Medicare secondary, even if you or your spouse have Medicare Part B. Your spouse has the choice to …
How long did my wife work as a school deputy head?
May 08, 2019 · Here’s what happened. Spouses of employees who work past age 65 can delay Part B enrollment until the spouse retires. Then, they can qualify for a Special Enrollment Period (SEP) to sign up for...
Do NYC teachers get health insurance when they retire?
NYSTRS are eligible to carry their health insurance into retirement and pay an amount equal to that paid by active employees for similar coverage. coverage, the employee must meet and document six-month residency and financial requirements.
Can NY State teachers collect Social Security?
Rules Vary by State In New York, retirement benefits and Social Security benefits are not related, according to the New York State Teachers' Retirement System, or NYSTRS. If, however, you retire with a tier 3, article 14 benefit, your NYSTRS benefit will be reduced.Dec 17, 2021
Can you get Medicare if your spouse is working?
Generally, if you have job-based health insurance through your (or your spouse's) current job, you don't have to sign up for Medicare while you (or your spouse) are still working. You can wait to sign up until you (or your spouse) stop working or you lose your health insurance (whichever comes first).
Will NYC force its retirees into Medicare Advantage plans?
But the City has announced that "The NYC Medicare Advantage Plus Plan is not being implemented on April 1, 2022." If a new implementation date is announced, PSC retirees can choose one of two options: Move by default into a premium free Medicare Advantage plan or; Opt out in order to stay in their current NYC plan.
What is the average NYC teacher pension?
The number of retirees drawing a pension was up 6% from 2015 to 2020. The average annual benefit was $45,370 in 2020, up from $42,865 in 2015. Last month, for example, 2,500 educators in New York filed paperwork to retire, the pension system said. That's up 4.4% compared to May 2020.Jun 23, 2021
How much does a NYC teacher retire with?
For members retiring under Tiers 4 and 5, the pension for 30 years of service is 60% of final average salary. Each year beyond 30 years adds 1½% to their pension factor, and there is no maximum pension. Tier 6 members retiring prior to age 63 will, without exception, receive a reduced benefit.
What happens to spouse when on Medicare?
Although your husband now qualifies for Medicare, you will not qualify for Medicare until you turn age 65. If you do not have health insurance now, you can consider signing up for health insurance coverage through a Marketplace plan.
What happens to my spouse when I go on Medicare?
Medicare will only cover you, not your spouse or children if they are not eligible on their own. This is where problems begin, especially when a working spouse is older than a non-working spouse. Say the working spouse turns 65, retires, and claims Medicare. The other spouse is only 61.Jun 4, 2018
How does Medicare work for married couples?
There are no family plans or special rates for couples in Medicare. You will each pay the same premium amount that individuals pay. Here's what to know about costs: Medicare Part A, hospital coverage, has no monthly cost for most people who worked or have a spouse who worked and is eligible for Social Security.Nov 17, 2020
What happened to NYC Medicare Advantage Plus plan?
The NYC Medicare Advantage Plus Plan is not being implemented on April 1, 2022. Retirees do not need to opt out of the Medicare Advantage Plus Program in order to remain in Senior Care or their current plan on April 1. All retirees will remain in their current plans until further notice.Mar 6, 2022
Can NYC retirees stop Medicare changes?
Court rules retirees can keep current insurance free of charge, as alternative to a planned cost-cutting transfer to Medicare Advantage.Mar 3, 2022
Who is eligible for Medicare in NY?
You may have Medicare eligibility in New York if you're a U.S. citizen or a permanent legal resident who has lived in the U.S. for more than five years and one or more of the following applies to you: You are 65 or older. You have been on Social Security Disability Insurance (SSDI) for two years.
When does child retirement stop?
Coverage will terminate for children (other than eligible disabled children) at the end of the month in which the child reaches age 26.
How old do you have to be to be a domestic partner in New York?
A domestic partner at least 18 years of age, living together with the participant in a current continuous relationship. More details concerning eligibility and tax consequences are available from the Office of Labor Relations Domestic Partnership Liaison Unit at 212-306-7605 or online at nyc.gov/olr. 3.
Can I add disabled dependents to my health insurance?
The eligibility for such dependents only applies to current retirees whose disabled dependent children reach the age limitation while covered by a City health plan. Retirees may not add disabled dependent children to their health plan coverage, if the child is already over age 26.
Can you receive a pension check from the Department of Education?
You receive a pension check from a retirement system maintained by the City or the Department of Education. EXCEPTIONS: Accidental disability retirement: If you retire from the City or the Department of Education because of an accidental disability, as a current or former member of a retirement system maintained by the City or the Department ...
Do retirees have to enroll in City Health?
Every employee or retiree eligible for City health benefits must either enroll for coverage or waive membership. Read More. Close. Every retiree eligible for City health benefits must either enroll for coverage or waive membership by completing the appropriate sections of the Health Benefits Application.
When did the PSC delegate assembly vote on the Medicare Advantage plan?
At its April 15th meeting , by unanimous vote, the PSC Delegate Assembly supported a call for a moratorium on negotiations about the change to a Medicare Advantage plan until PSC members have the information necessary to assess the matter.
When will Medicare retirees opt out of the new Medicare Advantage Plus program?
He added that there "will be a period during September and/or October 2021 when retirees will be able to 'opt out' of the new Medicare Advantage Plus program and enroll in one of the current Senior Care health insurance options and pay a monthly premium.
When will Medicare transition to Medicare Advantage?
The transition would take effect on January 1, 2022. The Medicare Advantage vendor is Alliance, a partnership of Empire BlueCross BlueShield and Emblem Health. Members can choose to go into the Medicare Advantage plan or stay with traditional Medicare but would have to pay for their own Medigap insurance.
Is there a moratorium on Medicare for retirees?
As a matter of urgent concern, the Retiree Chapter of the Professional Staff Congress requests that the PSC seek a moratorium on any agreement between NYC and the Municipal Labor Committee to move retiree healthcare coverage from Medicare/Senior Care to Medicare Advantage.
What happened to John's partner when he retired?
But, when John’s partner finally retired, John found out that wasn’t quite true. As a result, he faced a delay in coverage and a late enrollment penalty. Here’s what happened. Spouses of employees who work past age 65 can delay Part B enrollment until the spouse retires.
How old do you have to be to get Medicare in a domestic partnership?
A domestic partnership can provide health insurance benefits up to age 65 . Then, after that, Medicare rules take over. Even if continuing with the employer group health plan, the partner should enroll in Medicare during his or her Initial Enrollment Period.
Can a domestic partner be a spouse on Medicare?
Domestic partners, whether the same or opposite sex, live together as a couple but are not formally married. With this relationship, they frequently can qualify for spousal benefits, like health coverage through an employer group plan.
Can a spouse opt for Medicare?
If that’s a concern, a partner may opt for Medicare coverage and drop the group plan. Consider marriage. Spouses (same or opposite sex es) can qualify for Social Security and premium-free Medicare Part A, based on a current or former spouse’s record. They can also delay enrollment in Part B if they have spousal health coverage, ...
Can I collect my spouse's retirement at 70?
There is one other strategy to consider, if you wait until 70 to collect your own retirement benefit: don’t file and suspend at full retirement age. By not filing and suspending before 70, your husband won’t be able to collect a spousal benefit before you are 70. However, at full retirement age, you can apply just for a full spousal benefit based ...
Can I collect my husband's spousal benefit at 66?
Once you reach 66, however, you can file for your retirement benefit and suspend its collection. This will permit your husband to potentially collect a spousal benefit based on your earnings record. The reason I say “potentially” is that his spousal benefit will get zapped two ways.
How long did Michael work as a teacher?
As an example, let’s say Michael worked for 30 years as a teacher in California (one of the 15 states where schoolteachers are not covered by Social Security) and his wife was an accountant. Upon retirement, he began receiving his California teacher’s retirement pension of $3,000 per month.
What states have teacher retirement?
Louisiana. Maine. Massachusetts. Missouri. Nevada. Ohio. Rhode Island (some school districts) Texas. If you are a teacher in one of those states, the rules for collecting a Teacher’s Retirement System (TRS) pension and Social Security can be confusing and maddening to try and figure out.
When did Social Security double dip?
In the 1970s and 1980s, laws were passed that amended the Social Security rules to keep individuals from “double dipping,” or receiving both a Social Security benefit and a pension from a job where they did not pay into the Social Security system. The results of these amendments are two rules that could impact your ability to claim your full Social ...
Does WEP apply to 30 years of substantial earnings?
At 30 years of substantial covered earnings, the WEP does not apply. WEP Penalty declines with substantial earnings. Image Source: Devin Carroll, Data: Social Security Administration. This phase-out of the WEP reduction offers a great planning opportunity if you have worked at a job where you paid Social Security tax.
Do teachers pay Social Security taxes?
Qualified for a pension and. Did not pay Social Security taxes. This is not limited to teachers. Other professions that often fall into this group include public sector workers like firefighters, police officers and numerous other state, county and local employees.
Can a teacher's pension change with spouse's death?
Before you make your elections on your teacher’s pension, you must consider how your monthly cash flow would change with a spouse’s death. As a teacher, you have plenty to keep up with and these complex rules on Social Security don’t make it any easier.
Did Michael's wife die from Social Security?
His wife retired at the same time and filed for her Social Security benefits of $2,300 per month. Sadly, she passed away a short three years later. Upon her death, Michael learned that because of his CalSTRS pension he would not be eligible to receive a normal Social Security survivor’s benefit.
How long does child care leave last?
This leave normally begins six weeks after the birth of the baby (but may begin eight weeks after for C-section births) and can last up to four years from the September term following the baby’s birthday.
Can you take child care leave without pay?
A child care leave for an adoptive parent ends at the same time. There are other additional leaves without pay that an appointed pedagogue may be granted, such as for teaching at CUNY or SUNY, service in the Peace Corps, or acceptance of a supervisory or teaching position in a foreign country.
Updates
What You Need to Know to Make A Decision
- TO GET YOUR QUESTIONS ANSWERED TAKE THESE STEPS IN ORDER 1. Check NYC OLR FAQs; 2. If still no answers, call the Alliance toll free number at 1-833-325-1190, Monday to Friday, 8 am to 9 pm; 3. If still no answers, check the PSC/CUNY Welfare Fund FAQS; 4. And if still no answers, only then send an email to [email protected](this is the em...
Advocating For Members' Healthcare
- Together, with thousands of other municipal retirees, we pushed back. Our chapter was one of the first to shine sunlight on OLR/MLC negotiations that sought to re-engineer our health benefits by moving municipal retirees from traditional Medicare to privatized Medicare Advantage. Here is a shout out to the municipal retiree organizations and their allies who pushed back against the Cit…
Key Links
- Letter on 3/8/22 from PSC President James Davis to Retirees in light of Judge Frank's 3/3/22 ruling.
- February 18, 2022 letter from PSC President James Davis to members on MA Transition Update
- Video of April 4 chapter meeting(healthcare updates at the1 hour 32 minute mark)
- Video of March 7 chapter meeting
Timeline
- Here is a list of both PSC and city-wide key events on the proposed NYC changes in healthcare benefits for municipal retirees -- and the pushback against them. 1. March 30, 2022: Comptroller does not reigister MA+ plan, sending it back to OLR 2. March 8, 2022: Letter from PSC president James Davis with important updated information in light of Judge Frank's ruling. 3. March 8, 202…