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NY NYCERS F302 2020 4.8 Satisfied (55 Votes)
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Call 1-866-805-0990 (518-474-7736 in the Albany, New York area), press 2 for retirees and follow the prompts.
PENSION \u2013 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.
The Maximum Retirement Allowance is payable to you only for your lifetime with no benefits continuing after your death. See the enclosed \u201cOption Letter\u201d brochure to see an example of what you should expect. Option The option you select is important to both you and your beneficiary, should you choose to nominate one.
When he or she dies, the surviving designated beneficiary will be paid $12,867 per year (75% of $17,156). If the designated beneficiary predeceases the retiree, all payments would then end upon the death of the retiree. The retiree receives a reduced monthly lifetime 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.

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The Maximum Retirement Allowance is payable to you only for your lifetime with no benefits continuing after your death. See the enclosed \u201cOption Letter\u201d brochure to see an example of what you should expect. Option The option you select is important to both you and your beneficiary, should you choose to nominate one.
The Survivor's Benefit Program provides a death benefit to the beneficiaries of eligible retired New York State employees. For most retirees, the amount is $3,000.
With 20 years of creditable service, you will receive a retirement benefit of 50 percent of your Final Average Salary (FAS).
PENSION \u2013 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.
The basic employee death benefit (BEDB) is a lump sum death benefit payment made to the surviving spouse of a deceased employee covered by the Federal Employees Retirement System (FERS).

Related links

Search - Government Publications Portal - NYC.gov

Results 1 - 10 of 122 — Agency: NYC Employees' Retirement System (NYCERS) ... Date Published: 2012-07-30; Description: A fact sheet that explains the ...

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Tier 6 Basic Plan Fact Sheet - New York City Employees' Retirement ...

Tier 6 Basic Plan Fact Sheet NYCERS Tier 6 January 2022 Chapter 18 of the Laws of 2012, which established Tier 6, amends the retirement benefits of public ...

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Employees' Retirement System (ERS) with New York State ...

Employees who are not full-time regular employees can waive membership by completing a waiver form (pdf). Your service retirement, ordinary and accidental ...

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