NYSUT benefits: Payroll, pension deduction can save members money

Payroll deduction of NYSUT Member Benefits-endorsed programs eliminates check-writing and late payments. This payment option is available to eligible bargaining unit members.

Pension deduction is available to retirees collecting a monthly pension benefit from the NYS Teachers’ Retirement System or NYS Employees’ Retirement System. It’s also an option for retirees who receive income from a monthly lifetime annuity from TIAA-CREF.

Annual premiums are easier to budget, since they are divided into smaller payments deducted from 26 paychecks or from 12 monthly pension benefits.

Payroll and pension deduction also yield reduced premiums and additional coverage at no cost for these NYSUT Member Benefits-endorsed programs: Term Life Insurance; Catastrophe Major Medical Insurance; Long-Term Care Insurance; Disability Insurance; Automobile, Homeowners/Renters, Boat, Personal Excess Liability (Umbrella) and other personal property insurance; Legal Service Plan; and Retiree Dental Plan.

The WrapPlan® II Flexible Premium Adjustable Life Insurance Plan can also be purchased using deductions.

For specifics, visit www.memberbenefits.nysut.org and click on the Payroll & Pension Deduction tab on the left-hand side of the home page. Or call Member Benefits at 800-626-8101.

For information about contractual expense reimbursement/endorsement arrangements with providers of endorsed programs, please contact NYSUT Member Benefits or refer to your NYSUT Member Benefits Trust Summary Plan Description.

Agency fee payers to UUP are eligible to participate in NYSUT Member Benefits-endorsed programs.


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