For the 2024 Plan Year, who is eligible for this round of checks?
Eligibility years are calculated from April 1, 2007 (NOT your EOD) through your retirement date. You may be eligible if you retired on or before 12/31/2023 and you were a full-time member (excluding time as an associate member) of a bargaining unit within the PBA. Service time as a member of NYSPIA or Management Confidential is not counted, even if you remained an Associate Member within the PBA during that period.
Why do we have to submit an application every year?
The Board of Trustees determined that it was in the best interest of the Supplemental Fund to have retired members confirm their information, including their address, for purposes of distribution of benefits. In addition, retirees must agree to the terms and conditions of the Fund. This helps ensure the integrity of the Fund and to ensure that the funds are going to the proper recipients. An Application for Participation in the Plan will need to be completed on an annual basis in order to qualify for each plan year.
Will I have to request an application every year?
No. The NYSTPBA will notify retirees via email, SMS text, and USPS mail once the open enrollment period begins and the application becomes available. To ensure you receive all communications, please make sure that your contact information is current with the NYSTPBA office. (nystpba@nystpba.org or 518.462.7448)
When does the open enrollment period begin for the 2024 Plan Year?
The enrollment period begins AUGUST 15, 2025.
What is the due date for the application?
The application is due by midnight SEPTEMBER 30, 2025.
*Please be advised that if we do NOT receive a timely application, you may be ineligible for a disbursement. However, this does not preclude you from applying from the following year.
Will I receive email confirmation when I submit my application?
Yes, you will receive an email confirmation once your application has been successfully submitted. The email address it will be coming from is noreply@jotform.com. If you do not receive this confirmation email, please contact us at pbafund@nystpba.org to verify the status of your submission. Please note that receiving a confirmation email does not guarantee eligibility.
When will the checks be mailed?
While a specific mailing date for the checks has not yet been determined, we are working to ensure that all disbursements are issued by December 31, 2025. Once a mailing date has been confirmed, we will promptly notify the membership.
Where will the checks be coming from?
The checks will be mailed from an outside vendor and will arrive in envelopes marked with the name Nottingham Trust. Statements will be mailed separately from the PBA office around the same time. Please note that, due to the separate mailing sources, it is possible you may receive your statement before the check.
I received a check last year. Will I be receiving the same amount this year?
This is a variable fund. Therefore, the disbursement amount may vary annually based on the Fund’s performance and the number of eligible retirees in a given year.