Nycers pension beneficiary Plan participants who have rendered less than 10 years of Credited Service and who leave City service may apply for a refund of BMCs, plus accrued interest, effectively terminating their beneficiary’s name on this form, and I have, in fact, left all other designation of beneficiary sections on this form blank. Under this option, NYCERS requires proof of birthdate for your beneficiary as well as additional valid documentation, such as a marriage certificate(s), period upon your death. If you are already a NYCERS Member, register your MyNYCERS account for instant access to your account details, updates on pending transactions, beneficiary management, loan requests, payments, retirement filing, and more! I am logged into NYCERS right now. Because this option guarantees two specific people an income for life, the Allowance or select a retirement option that continues their pension to a surviving beneficiary. Any use of the Option Election Service after NYCERS posts a notice of change will constitute your agreement to such change. Chapter 445 (Laws of 2006) provides for an accidental death benefit to the beneficiaries of certain beneficiary information, because you are determining how your pension will be paid. Designation of Guardian Use this form to designate a guardian under the Uniform Transfer to Minor’s Act for a minor beneficiary. Other benefits such as loans, disability and death benefits are also offered and specified in law. Accidental Death Benefit. (NYCERS) to provide information and/or records to someone other than the NYCERS member, retiree or beneficiary. Number Beneficiary form filed with NYCERS. New York City Deferred Compensation Plan (DCP) DCP allows eligible New York City employees a way to save for retirement through convenient payroll deductions. www. Beneficiary Selection: A designated beneficiary is the person who is on file at NYCERS to receive a survivor benefit upon the death of . Pension and Benefits Pension Plans. Pension Seminars; Survivor Benefits; Domestic Relations Order; Translation Services; FAQs; Glossary; Beneficiary; Agency Forms; Service Retirement Kits; Disability Change of Address Form #290. 8 Parity: 9 Court Order: You are the recipient of a NYCERS pension check due to a court order or income execution order. Payday November 28, 2024 December 28, 2024 January 29, 2025 February 26, 2025 March 27, 2025 April 28, 2025 May 29, 2025 June 26, 2025 July 29, 2025 August 28 Some retirees chose a pension payment option that provides for a continuing pension payment to a beneficiary if they die. It says: “Final Average Salary (FAS) is based on the most recent available salaries in NYCERS’ system, going back five years for Tiers 3 and 4, and nine years for Tier 6 and 22-year Plans. The option you elect is important to both you and your beneficiary. Did you know most NYCERS transactions can be completed online? Your MyNYCERS account gives you the power to manage your pension anytime, anywhere, on any device. 3. Should you have any questions regarding this application, please contact NYCERS’ Call Center at 347-643-3000. If you need to enroll as a NYCERS Member, please apply here. In the event of the death of the primary beneficiary after such beneficiary has begun to receive payment, the unexpended benefit will be paid in a lump sum to the contingent beneficiary or, if no contingent beneficiary exists, to the estate of the primary beneficiary. Learn more about NYCERS. NYCERS needs your current address in order to mail you important This brochure describes the obligations and benefits of the Dispatcher 25-Year Retirement Plan for Tier 6 members (6DI-25). NYCERS will review the information you submit, including Tier 4 – Joined NYCERS between July 27, 1976, and March 31, 2012 Tier 6 - Joined NYCERS on or after April 1, 2012 For complete details about Tier 3 and its Retirement Plans, please refer to the Summary Plan Description, Have your pension payment directly deposited to your account by filing this form. <br /> 100% Joint-and-Survivor<br /> This option assures you and your designated beneficiary a reduced benefit for lifetime. UNDERLYING PLAN Calculate your estimated partial pension by<br /> following these formulas. Option If you choose a retirement option, you can provide a continuing income to your beneficiary. Fact Sheet #747. NYCERS requires proof of birthdate for your beneficiary, as well as additional valid documentation, such as a When you start receiving a pension from NYCERS, you may be eligible for City-paid health insurance benefits. until Tuesday, January 21 at 7:00 a. Designation of Beneficiary – Post-Retirement Lump-Sum Death Benefit – Tier 2, Tier 4, and Tier 6 Designation of Beneficiary applications are no longer available for download on nycers. R12/16 Mail completed form to: 30-30 47th Avenue, 10th Fl Long Island City, NY 11101 NYCERS USE ONLY Page 1 of 1 F366 Selection by Designated Beneficiary of Benefits Under How can I have my pension check deposited directly to my bank account? NYCERS can deposit your check directly into your bank account via Electronic Fund Transfer (EFT). In such event, NYCERS shall post notice of changes on this page. You must meet service and contribution requirements to receive a full pension benefit, based on your years of service and Final Average Salary. , Suite 1010, Long Island City, NY 11101. Most option beneficiaries cannot be changed after retirement. Number City State Zip Code In Care of (if applicable) Daytime Phone Number ( ) primary and a contingent beneficiary under this option. If there is a year for which NYCERS has no salary on file, $0. • If you choose the 100% Joint-and-Survivor Option, you may designate only one beneficiary. During this time, chat with Terry, NYCERS’ Virtual Agent, to access forms and other information on nycers. The Walk-in Center at 340 Jay Street in downtown Brooklyn is open Monday – Friday, 8 am – 5 pm, for drop off of fully completed forms, answers to quick inquiries, and appointments. 7 Survivor: You are a designated beneficiary of a NYCERS member receiving their pension check. “NYCERS” shall mean the New York city employees’ retirement system. NYCERS requires proof of birthdate for your beneficiary, as well as additional valid documentation, such as a Visit NYCERS >, Useful Forms > NYC Deferred Compensation Plans (DCP) DCP is a defined contribution plan established in 1986 and is available to all New York City employees. Sign Up or This section contains NYCERS’ informational Brochures and Fact Sheets to help you learn about your NYCERS pension, as well as all Forms used to apply for membership, take out a loan, sign up for direct deposit and more. For example, if Your beneficiary or estate would have no claim on this amount. Payday November 28, 2024 December 28, 2024 January 29, Beneficiary Designation; Cost of Living Adjustment (COLA) Direct Deposit (EFT) Learn about COLA eligibility beneficiary information, because you are determining how your pension will be paid. Member Number Last 4 Digits of SSN Home Phone Number Work Phone Number as a Contingent Beneficiary only – NYCERS will not pay a continuing benefit to a Trust or nonprofit organization, only to a person. This form must be filed within 90 days after the date that NYCERS is notified of the member’s death. This form gives the designated beneficiary(ies) of a Tier 2 member who died during active service the opportunity to choose to receive the Ordinary Death Benefit under Section 448 of Retirement and Social Security Law as an annuity, rather than as a lump-sum payment. joint life expectancies of you and your beneficiary), e. The Patriot Plan was originally enacted in 2003 and was extended a few times since its enactment. This precautionary measure enables you to leave some form of pension payment to a beneficiary should you die before a final option selection is made and your pension is finalized. Top 10 Reasons to Join NYCERS – Fact Sheet #721 September 2020 NYCERS ˜˚˛˝˙ˆˇ˘ ˚˙˙ ˝ ˙ ˙ˆ˙˜ ˝ ˚ ˙ˆ 1 9 10 2 the pension plan in which you are enrolled (for example: the Modified Career Pension Plan (Plan C), the Modified Increased-Service-Fraction-Plan (Plan D), the Modified Transit 20-Year Plan, etc. If you are a Tax-Free Pensioner or Tax-Free Beneficiary, NYCERS Retirement 22-Year Plans Pension Outreach Programs Melanie Whinnery, Executive Director. For callers outside the New York City area, NYCERS’ toll-free number is (877) 669-2377. e. In this case, the benefit payable to your primary beneficiary is the same reduced pension you would have received during your lifetime. A Five-Year Certain: You will receive this pension check up until the 5th year that the retiree would have received such check. Sign, fax and printable from PC, iPad, tablet or mobile with pdfFiller Instantly. What if a member dies and there is no beneficiary on file? designate only one beneficiary. The Walk-in Center at 340 Jay Street in downtown Brooklyn is open NYCERS USE ONLY Page 1 of 2 *380* Member Number OR Pension Number Last 4 Digits of SSN Daytime Phone First Name M. Instead, NYCERS will accept confirmation on the nursing home’s letterhead affirming that the retiree or beneficiary is living. This form may be used in conjunction with any of NYCERS’ Designation of Beneficiary Forms (such as form 131,133,134) Member Information: I, the undersigned member of NYCERS, hereby designate First Name M. (Witnesses necessary only if mark is used for signature (347) 643-3000 www. The NYCERS change of (pension) beneficiary form can be downloaded from Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. View and upload documents, view account balances, submit and track the status of your service requests, and much more! For example, if your beneficiary is entitled to receive a benefit of $100,000 and you have an outstanding Employees’ Retirement System (NYCERS). A beneficiary is a person, often a relative or loved one, whom you have chosen In order to begin the process of identifying the decedent and his or her beneficiary(ies), and determining the death benefits payable, NYCERS will need some general in- formation including: v the full name of the decedent the decedent's member number or pension number PROCESSING DEATH BENEFITS the last four digits of the decedent's Social Securi Note: Pension Plans must be notified of the member/retiree’s death as soon as possible. Tier 4, Download your Pension Payment Calendar here and never wonder when your next payment will be issued. Number Bank Name Phone Number Account Number Bank Routing Number City State Zip Code Branch Address City State Zip Code Signature of Member Date About NYCERS Function NYCERS’ primary function is to admini ster the statutory pension benefits of its members, retirees, and beneficiaries through Defined Benefit Retirement Plans. Additionally, use of this online service DOES NOT GUARANTEE payment of a retirement benefit. It’s easy, reliable and safe. MyNYCERS Customer Secure Login Page. The option you select is important to both you and your beneficiary, should you choose to nominate one. a member in active service. She does not have any connection to his pension at all. Visit the Death Benefits — Retirees page to learn For Tier 1 members in the 55-Year Increase-Service-Fraction Plan (Plan B) and Tier 2 members in the Modified-55 Increased-Service-Fraction Plan (Plan D) who wish to increase their pension contributions. Number *103* In Care of (if applicable) F103 Application for Membership For NYCERS-Eligible Employees Agency Pass Number (Transit Only) This application is for City employees who wish to apply for NYCERS membership. you will be furnishing information to change the amount of money withheld from your monthly pension benefit toward Federal taxes by NYCERS. Former Transit and Housing Police Officers who became members of the Police Pension Fund Article II due to the 1995 merger, or a rollover, maintain their eligibility based on their original dates of membership in NYCERS. NYCERS will acknowledge receipt of the option you have selected. Alterations and Amendments – NYCERS reserves the right to alter and/or amend this Agreement. beneficiary information, because you are determining how your pension will be paid. Skip to main content Skip to site navigation. org M - F, 8am to 5pm Forms, Brochures, Fact Sheets at Calculating Your Retirement Benefit Tier 4 General Membership (62/5, 57/5, 55/25) February 2024 To be eligible for an unreduced pension, you must satisfy the age and service requirements specified in your plan. Pension Payment Calendar. ×Sorry to interrupt. Visit DCP >, Useful Forms > Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. org MyNYCERS your pension account and access NYCERS services. · Make option elections and beneficiary · Enter and modify banking information for the purpose of having your pension payments directly deposited into your account. Number *133* F133 Designation of Beneficiary Tier 3, 4, and 6 Members Page 1 of 2 This application is for Tier 3, 4, and 6 members who wish to nominate a beneficiary for a death benefit. Please submit the draft DRO to NYCERS for approval before submitting it to the Court for the Judge’s signature to ensure that you will not have to go back to court to Calculate your estimated partial pension by following these formulas. Download PDF; Read more; Apply Online; Form NYCERS USE ONLY Member Number Last 4 Digits of Social Security # Date of Birth [MM/DD/YYYY] First Name M. NYCERS requires proof of birthdate for your beneficiary, as well as additional valid documentation, such as a will become your official address in NYCERS’ records. If they do not designate a beneficiary, payment will be made to their estate. Log in now and explore all the great online features that MyNYCERS has to offer! The security of your pension account is very important to us. Should you die, your designated<br /> beneficiary will receive the same lifetime benefit. Retirees with a registered MyNYCERS account can sign up for EFT online instead of submitting a paper application. Payday November 28, 2024 December 28, 2024 January 29, to elect either the Maximum Retirement Allowance or an option that provides a continuing benefit to your designated Browse the forms and other documents most often requested by NYCERS members and you want is not here, search by keyword or browse by your membership status (New Employee, Active Member, Retiree, Beneficiary). Log In / Register; How to Register; Post April 20, 2021. Pension Plan Pension Number/ Membership # Address/ Phone Tier Retirees Option Selected/ New York City employees and their families can access pension benefits from the New York City Employees' Retirement System (NYCERS) and The New York City Deferred Compensation The benefits listed below, are benefits for which your loved one may have been enrolled in and/or entitled to, and information on what surviving family members and/or beneficiaries should take Certain pension payment options provide a lifetime benefit to a beneficiary. I'm planning on taking the taxable amount, as I plan on using the money to pay off student loans (sitting around $120k). Employees may choose to join either the 457, the 401(k), or both. I understand that should I nominate more than one beneficiary, my death benefit will be paid in accordance with the percentages I have So my mother passed away last December, and was the recipient of a New York City pension plan. I understand that should I nominate more than one beneficiary, my death benefit will be paid in accordance with the percentages I have Contact NYCERS’ Call Center at (347) 643-3000 to ask a question about your pension account or to report an issue. ) Participating Employer contributes to NYCERS to pay your lifetime pension benefit. org. • NYC Health + Hospitals employees, please email . Try Now! These benefits are paid in the form of a lump sum payment equal to the lesser of the retiree’s annual MyNYCERS is your gateway to your NYCERS pension account. If you have any questions, contact NYCERS’ Call Center at 347-643-3000. This booklet is called a Tier 1 Summary Plan Description or SPD for short. Less Taxable Federal Income 4. NYCERS ˜˚˛˝˙ˆˇ˘ ˚˙˙ In the event of your death prior to retirement, your NYCERS membership entitles your beneficiary/ beneficiaries to a death benefit. Member Number OR Pension Number Last 4 Digits of SSN Phone Number ( ) R12/16 Mail completed form to: 30-30 47th Avenue, 10th Fl Long Island City, NY 11101 Page 2 of beneficiary or beneficiaries as I shall hereafter nominate by filing another designation of beneficiary form with NYCERS. 0 ay S ree y NY eae ee 00 Aeue 0 F a y 10 a ue a yyerr (347) 000 www yerr F a Fr rure Fa ee a Taxation of Payments Received From NYCERS February 2022 Customer Service Center Call Center Hours Monday-Friday, 8am - 5pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free account for quick and easy access to your pension account anytime you need it. Please go here for videos and other information on how to apply for health benefits as a retiree, be reimbursed for Medicare Part B, and more. (Depending on the complexity of a case, this time frame may be extended. NYCERS Members with a Member Number or Pension Number can use this form to register for MyNYCERS and securely manage their pension account online. This form is to be completed by the agency whose employee (or former employee) has filed a Notice of Participation with NYCERS indicating that he/she participated in WTC Rescue, Recovery or Clean-Up Operations during certain qualifying periods between September 11, 2001 and September 12, 2002. View and upload documents, view account balances, submit and track the status of your service requests, For example, if your beneficiary is entitled to receive a benefit of $100,000 and you have an outstanding Changing Your Beneficiary. your pension account and access NYCERS services. She has a portion, calculated during her marriage to him that was divided and set aside from his pension. Service Retirement; Learn why you may receive tax form 1099-R from NYCERS NYCERS retirement and benefits Version September 2004. Retirement Online is our self-service tool that provides access to your retirement account information. Transfer of Service Members with a previous membership in New York City or State public retirement system may Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. The Patriot Plan allows NYCERS to suspend a member’s obligation to repay a pension loan while the member is on active military duty. For specific information about your NYCERS account, please contact NYCERS’ Call Center at (347) 643-3000 or visit NYCERS’ Walk-in Center at 340 Jay Street in downtown Brooklyn. Employees’ Retirement System (NYCERS). About NYCERS Function beneficiary(ies) if you were in City service for at least 90 days and were in active service at the time of your death. The Walk-in Center at 340 Jay Street in downtown Brooklyn is open Your beneficiaries for this benefit do not have to be the same as your pension payment option beneficiary. A. In addition to this form, you must also submit to NYCERS: • Physician’s Report of Disability (Form #606) • General Authorization for Release of Medical Information (Form #608) • NYCERS Questionnaire (Form Calculate your estimated partial pension by following these formulas. Submit this form if you wish to change the address that NYCERS has on file for you. , monthly pension payments; • Required minimum distributions after age 70½ (if you were born before July 1, 1949), after age 72 www. However, I'm not sure in what ways this income will be taxed. HRRETIREMENTSERVICES@nychhc. Option Letter A sample letter demonstrates how the amounts of your pension under the various retirement options are broken down. Login to your MyNYCERS Customer Account. org How to Complete F204 - Power of Attorney All Tiers August 2021 No advance (partial) pension payment will be sent to you until NYCERS has acceptable proof of your birthdate on file. org above (i. 4 Membership rights in NYCERS and BERS for part-time service if the designated beneficiary or the estate of a deceased member of NYCERS or BERS, who died while a member of such death benefit provision or any presumptive retirement provision or provision for payment of a death benefit equal to a pension However, updating your pension beneficiaries does not change beneficiaries for other payments or benefits to which survivors may be entitled. NYCERS requires proof of birthdate for your beneficiary, as well as additional valid documentation, such as a designate only one beneficiary. Do not withhold Federal income tax from my pension. When you have completed this form, sign it, have it notarized, and mail it to NYCERS, 30-30 47th Avenue, 10th Floor, Long Island City, NY 11101. To make changes to your beneficiaries or their designated guardians, log in to your MyNYCERS account and look for When you became a member of the New York State and Local Retirement System (NYSLRS), you may have designated one or more beneficiaries. 1. By selecting an option, If you cannot afford to receive a reduced pension, you might § 13-638. Do not alter anything on this form, as that will render it invalid. This brochure Customer Service Center Call Center Hours Monday-Friday, 8am - 5pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. org 30-30 47th Avenue, 10th Floor Long Island City, NY 11101 designated beneficiary by selecting an option. “New York city uniformed sanitation member” shall mean a member (as defined in subdivision e of § 601 (Definitions) section six hundred one of this article) of NYCERS who is a member of the uniformed force of the New York city department of sanitation. nycers. Laws affecting your pension tier or plan can be enacted in any given She does not have any connection to his pension at all. Pension – NYCERS New Death Certificate, Copy of Paid Funeral Bill, Tax ID Certificate orYork City Employees’ Retirement System (NYCERS) Social Security Card of each beneficiary, Proof of relationship of beneficiaries to the deceased employee or a combination of the www. Your beneficiary(ies) may also be entitled to a Post-Retirement Death Benefit, and, if you were employed by New York State, a Survivor’s Benefit. Pension – An Invaluable Benefit Your membership with NYCERS provides a guaranteed income for life upon retirement, as well as the opportunity to provide a continued retirement benefit to a designated beneficiary upon your death after retirement. This plan allows participants to retire with 25 years of Allowable Service regardless of account for quick and easy access to your pension account anytime you need it. Please consult your new retirement system if you have already Member Number OR Pension Number Last 4 Digits of SSN Phone Number ( ) R12/16 Mail completed form to: 30-30 47th Avenue, 10th Fl Long Island City, NY 11101 Page 2 of beneficiary or beneficiaries as I shall hereafter nominate by filing another designation of beneficiary form with NYCERS. All options will be presented in a retirement options letter which is sent about six months after a member’s effective retirement date. NEW YORK CITY EMPLOYEES’ RETIREMENT SYSTEM 335 ADAMS STREET, SUITE 2300 1973. in NYCERS’ system, the new address will become your official address in NYCERS’ records. Loading. Learn about the various retirement options Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. NYCERS USE ONLY Page 1 of 3 Address Apt. How do I register for MyNYCERS? Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. The MyNYCERS Web and Mobile App will be temporarily unavailable Friday, January 17 at 6:00 p. (Witnesses necessary only if mark is used for signature beneficiary for the unexpired balance of the five-year period. You must submit a draft Domestic Relations Order to NYCERS if you are a member or retiree whose pension is subject to equitable distribution based on a divorce, or if you are an Alternate Payee. 00 is displayed for that year and is factored into the FAS. Last Name as Guardian, for the below named Minor, under the Uniform Transfer to Minor’s Act on the Designation of Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. (Depending on the complexity of When you file your service retirement application, NYCERS strongly encourages you to select an “Interim Option” on the application. The Plan is comprised of two programs: a 457 Plan and a 401(k) Plan. Important Service Announcement. Designation of Beneficiary applications are no longer available for download on nycers. Having trouble locating your Member or Pension Number? This Fact Sheet will show you where to look. Payday November 28, 2024 December 28, 2024 January 29, 2025 register your MyNYCERS account for instant access to your account details, updates on pending transactions, beneficiary management • Beneficiary and Guardian • Online Payment • Refunds • Federal Tax Withholding (retirees) • Direct Deposit (pension payments, loans, and refunds) New York City employees who are eligible for NYCERS membership and have NYCERS also accepts forms and documents by fax to 347-643-3884, but please note that faxed documents will take Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. Less Taxable Federal Income 7 Survivor: You are a designated beneficiary of a NYCERS member receiving their pension check. For the NYCERS pension, I'm trying to figure out if I should select the "maximum retirement allowance" or do a "joint-and-survivor" situation. g. The maximum rate of interest NYCERS can charge its members on active military duty is six percent. NYCERS will review the information you submit, including paid to their Designated Beneficiary. I was designated the beneficiary of a lump sum amount of $150k. Top 10 Reasons to Join NYCERS – Fact Sheet #721 September 2020 NYCERS ˜˚˛˝˙ˆˇ˘ ˚˙˙ ˝ ˙ ˙ˆ˙˜ ˝ ˚ ˙ˆ 1 9 10 2 Employees’ Retirement System (NYCERS). CSS Error Pension Payment Calendar. 2. It is published by the New York City Employees’ Retirement System (NYCERS), and is intended to summarize all of the Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. 9. There are two primary types of death benefits Benefit to a pension equal to 100% of your FAS where applicable. Birth documentation, such as a passport or birth certificate, for yourself (and your beneficiary, if you have one), and; Photo identification, such as your work identification or driver’s license. Health benefits are not offered or administered by NYCERS. This refund is made at the time of death. for system enhancements. org NYCERS is willing to provide you the W-4P Service ONLY if you agree to be bound by the following terms and conditions. First Name M. New York City Employees’ Retirement System (NYCERS) is a cost-sharing, multiple-employer public employee retirement system for employees of the City not covered by one of the other pension systems, as well as employees of certain component units of the City and certain other government units. If you did not register for a MyNYCERS account, please contact NYCERS’ Call Center immediately at (347) 643-3000. Last Name City State Zip Code Address Apt. MyNYCERS. Retirement. Use of this Service – By using the Survivor Benefits Service to claim a survivor benefit, you will be furnishing information regarding a deceased member/pensioner and information about yourself Once NYCERS identifies the member/retiree, a review of his or her re-tirement account is commenced to ascertain his or her re-tirement plan and the death benefit(s) payable under INTRODUCTION. Review your beneficiary designations periodically to make sure they reflect your current wishes. Register today for instant access to your account details, updates on pending transactions, beneficiary management, loan requests, payments, retirement filing, and more Participating Employer contributes to NYCERS to pay your lifetime pension benefit. Registration takes 3-5 minutes. Please have your Member or Pension number ready. Customer Service Center Call Center Hours Monday-Friday, 8 am – 5 pm (347) 643-3000 Within NYC (877) 669-2377 Toll-Free (347) 643-3501 TTY. org, or mailed to NYCERS at 30-30 47th Ave. <br /> Option Letter<br /> A sample letter demonstrates how the amounts of<br /> your pension under the various retirement options<br /> are NYCERS are defined in law and protected by the New York State Constitution. org M - F, 8am to 5pm Forms, Brochures, Fact Sheets at Mail Completed Forms to: 30-30 47th Avenue, 10th Fl Long Island City, NY 11101 NYCERS USE ONLY F204 R06/21 40 Jay S treet, Bklyn, NY Mezzanine level 00 4 A 0 10 www. She can only receive her portion as he receives his, as per the terms of the pension. You are to also nominate a beneficiary for a de ath benefit payable if you die while in Member Number Pension NumberOR Last 4 Digits of SSN Date of Birth [MM/DD/YYYY] / / Email Address Electing an Option The law requires that you file your option election within 60 days of the date NYCERS mails a Retirement Options letter to you. If you are already a NYCERS Member, register Skip to main content Skip to site navigation. Defined Benefit retirement plans for public sector employees who join NYCERS are defined in law and protected by the New York State Constitution. If you are hearing impaired and use a Teletypewriter (TTY), please dial (347) 643-3501. Last Name I further designate Sign this form and have it notarized, THIS PAGE Member Number Last 4 Digits of SSN Guardian Information: R12/16 Mail completed form to: 30-30 47th Avenue, 10th Fl Long Island City, NY 11101 NYCERS USE ONLY F137 Use this form to change how much Federal income tax is withheld from your monthly pension check. Taxation of Payments Received from NYCERS #897 - Page 1. Skip to main content Skip If your bank account information is incorrect, the bank will return the funds to NYCERS electronically, and you will need to contact NYCERS to have a replacement check mailed. Learn about the various retirement options Do not apply for a refund of your accumulated salary deductions from NYCERS if you are considering a transfer. Last Name Address Apt. org How to Complete F204 - Power of Attorney All Tiers August 2021 Join NYCERS Pension – An Invaluable Benefit NYC EMPLOYEES' RETIREMENT SYSTEM September 2020 Your membership with NYCERS provides a guaranteed income for life upon retirement, as well as the opportunity to provide a continued retirement benefit to a desi gnated beneficiary upon your death after re tirement. NYCERS also allows Military Buyback for eligible employees, further decreasing the required years needed for retirement. The form and letter may be faxed to 347-643-3884, emailed to NYCERS at legaldocs@nycers. Under this option, NYCERS If you do not want to withhold Federal income tax from your pension, skip fields 1 - 8 and place a check in field 9 below. 5. , birth certificate, marriage certificate. MyNYCERS allows members to monitor account balances, file online applications, submit a service request and upload documents and forms. mynycers. . Be sure you understand each option and elect the one that best fulfills It is important you notify NYCERS, even if your pension payment is sent directly to a bank. Again, she is no longer connected to his pension, her piece is a separate part. Calculate your estimated partial pension by following these formulas. I. waived. Designation of Beneficiary for Post-Retirement Death Benefit Name a beneficiary to receive a post-retirement lump-sum death benefit. NYCERS is a Qualified Pension Plan under §401(a) of the Internal Revenue Code. Learn about the various retirement options beneficiary information, because you are determining how your pension will be paid. org 4 4000 www . NYCERS 2025 PENSION SEMINAR SCHEDULE IMPORTANT - PLEASE READ CAREFULLY YOU MUST REGISTER DIRECTLY WITH YOUR AGENCY’S BE NEFITS COORDINATOR OR UNION REPRESENTATIVE, NOT NYCERS, TO ATTEND A SEMINAR. On the other hand, if your annual Maximum Retirement Allowance is $20,000 and you live 25 years after retirement, you will receive $500,000 in www. receive a reduced pension (a pension lower than the Maximum Retirement Allowance) because the same amount continues for the remainder of the 10-year period upon your death. NYCERS Form #354 - Designation of Beneficiary for Ordinary Death Benefit: Used to designate beneficiaries for death benefits payable if a member passes away before retirement. Access your pension account anytime, anywhere, on any device. ) the amount of service to your credit in NYCERS your earnings your contributions your age Based on these factors, NYCERS computes the Maximum Fill Nycers Beneficiary Form, Edit online. , monthly pension payments; • Required minimum distributions after age 70½ (if you were born before July 1, 1949), after age 72 Allowance or select a retirement option that continues their pension to a surviving beneficiary. Doing so will make you ineligible for transfer. If I choose the joint and survivor option, it indicates I would get a monthly payment until I die, and then after I die, my designated beneficiary would get monthly payments until they die, for a "2 lifetimes" situation. On the other hand, if your annual Maximum Retirement Allowance is $20,000 and you live 25 years after retirement, you will receive $500,000 in Form W-4P - Withholding Certificate for Pension or Annuity Payments: Allows retirees to specify the amount of federal income tax to be withheld from their pension payments. m. Member Number OR Pension Number Last 4 Digits of SSN Date of Birth [MM/DD/YYYY] First Name M. You should also be prepared to provide the address, date of birth, and Social Security number of your beneficiary for your temporary option election. , monthly pension payments; • Required minimum distributions after age 70½ (if you were born before July 1, 1949), after age 72 The World Trade Center (WTC) Disability Law, first passed in 2005, provides that NYCERS’ members, vested members, and retirees (retired after 9/11/01) who participated in WTC Rescue, Recovery or Clean-up Operations between September 11, 2001 and September 12, 2002 may be entitled to a presumption that any current or future disability caused by a Qualifying Transit Supervisors Organization Headquarters 57-68 Mosholu Avenue Bronx, New York 10471 Phone (718) 601-7100 Fax (718) 601-6300 Pension Payment Calendar. – OR – NON JOINT-AND-SURVIVOR OPTION Ten-Year Certain – Under this option, you receive a pension lower than the Maximum Retirement Allowance. Language. yydsd ubbgdz cct usdmx dgts mccca ghhx mbxxf mexz bkbgf