New York · NYSTRS · One more year

One more year in NYSTRS can be worth a lot

In NYSTRS, a single year can cross a milestone that raises your pension factor or removes your age factor. In NYSTRS's own example it adds $14,975 a year, for life.

Is one more year worth it in NYSTRS?

Often, yes, and most of all when the extra year crosses a milestone. Reaching 20 years (25 in Tier 5) raises the rate on all your years, and reaching 30 years or your tier's full-benefit age removes the age factor. Away from a milestone, a year adds one more year of service at your tier's rate.

NYSTRS's example: Eddie, Tier 4

Retire at 55

$33,025 a year

29 years · $78,000 FAS · 58% × 73% age factor = 42.34%

Work one more year, to 56

$48,000 a year

30 years · $80,000 FAS · 60%, no age factor

One year adds $14,975 a year, about $1,248 a month, for life. NYSTRS prints $33,025 and $48,000. Handbook p. 42

The milestones, by tier

Pension factor before any age factor. Computed from each tier's rules.

The milestones, by tier (New York NYSTRS)
TierBefore 1st milestoneAt 1st milestoneBefore 2nd milestoneAt 2nd milestone
Tiers 3-419 yrs: 31.67%20 yrs: 40%29 yrs: 58%30 yrs: 60%
Tier 524 yrs: 40%25 yrs: 50%29 yrs: 58%30 yrs: 60%
Tier 619 yrs: 31.67%20 yrs: 35%29 yrs: 53%30 yrs: 55%

Away from a milestone: Tier 6 at 63

NYSTRS's Tier 6 example: retiring at 63 with 31 years and a $100,000 final average salary pays $57,000 a year (57%). Tier 6 deck (2023) slide 30 One year earlier, at 62 with 30 years, our engine gives 55%, or $55,000, with no age factor either way. Past 20 years, each Tier 6 year adds 2% of FAS; the big jumps are the milestones.

The table uses the pension factor rules for each tier. If you're a little short of a milestone, buying service credit may close the gap. To see your own numbers at every retirement date, try the calculator (a Tier 4 example is filled in).

What NYSTRS says

Questions

Is one more year always worth it?

It adds a year of service and often a higher salary. It is worth the most when it carries you over a milestone: 20 or 25 years, 30 years, or your tier's full-benefit age.

What does NYSTRS advise?

Work a little past a milestone instead of cutting it close. Falling just short can lower your benefit for life.

See your own year-by-year numbers →

Source: NYSTRS Active Members' Handbook, Updated October 2026, pp. 16, 28, 30, 31, 42. Also: Tier 6 deck slide 30, slide 28; Actuarial Valuation 2024 App. 19, pp. 83, 84. Last reviewed .