2024-25 State Budget Measures Affecting NYSLRS

Tier 6 Final Average Earnings Calculation is Revised

A new law improves the pension benefits of NYSLRS Tier 6 members by calculating final average earnings (FAE) on the average of the member’s three highest consecutive years of earnings, the same as NYSLRS members in Tiers 3, 4 and 5. This measure was effective April 1 for NYSLRS PFRS Tier 6 members and April 20 for NYSLRS ERS Tier 6 members. NYSLRS will automatically update the FAE calculation for Tier 6 members whose benefits are affected by this change.

More information will be provided soon!