Q.: I am a NYCERS member and plan to retire on July 1, 2022. At retirement I will be 65. I can't decide if I should take the final withdrawal/loan in conjunction with my retirement. What is your opinion? L.W.
A.: Should you decide against this withdrawal, you will receive an unreduced maximum fixed pension of $63,000 annually, which will die when you die. You may want to consider electing an option for the benefit of another person. The election of an option will reduce your pension.
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