For existing annuitants, you are not permitted to make changes to the type of annuity payment you receive. Your payment will continue to be administered by New York Life in the same form of annuity payment and gross benefit amount as you received under your former employer’s pension plan. For example, if you are currently receiving a $100 monthly benefit payable as a Single Life Annuity from your former employer, you will continue to receive $100 per month payable as a Single Life Annuity from New York Life and may not change to another type of annuity payment (e.g., Period Certain Annuity, Joint and Survivor Annuity, or a one-time Lump Sum Payment).
New annuitants should reach out to the Guaranteed Products Service Team for questions about their benefit. Contact the Guaranteed Products service team by email or phone.
Email Address: SP_Client_Service@newyorklife.com
Phone: 1-800-695-0462; Select Option 1