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The document is a 'Designation of Beneficiary' form for Tier 3, 4, and 6 members of NYCERS, allowing them to nominate beneficiaries for death benefits. It includes instructions for completing the form, requirements for notarization, and details on how to designate multiple beneficiaries or an estate as a beneficiary. Members are advised to ensure accuracy in their information and understand the implications of their selections.

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What are the contents of the annual financial report?

Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information.

What is the meaning of comprehensive annual financial report?

An Annual Comprehensive Financial Report (ACFR), formerly called a Comprehensive Annual Financial Report (CAFR)) is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the

What is included in a comprehensive annual financial report?

The ACFR consists of three sections: Introductory, Financial and Statistical. The Introductory section orients and guides the reader through the report. The Financial section presents the entitys basic financial statements as well as notes to the statements and the independent auditors report.

What is included in the comprehensive income statement?

A statement of comprehensive income is a broad financial metric that includes all incomes and expenses that affect a companys financial standing over a period. Shareholders and investors mostly use this financial statement to determine a comprehensive understanding of a companys financial health.

What is the average pension in the NYCERS?

The average pension received by full-career retirees was $57,290, compared to $57,516 for last years retirees. Among all 156,061 NYCERS retirees, 2,296 received six-figure pensions, a 15 percent increase from the 1,993 in 2021.

What are the three sections of a comprehensive annual financial report CAFR )?

A CAFR has 3 major sections: introductory, financial, and statistical. The introductory section furnishes general information on the governments structure, services, and environment.

What are the main components in comprehensive financial reports?

The financial section of the ACFR should consist of managements discussion and analysis, the basic financial statements including notes, required supplementary information, combining and individual fund statements, schedules, narrative explanations, and statistical tables.

How do you write a comprehensive financial report?

How to create a financial report Gather financial data. Collect all relevant financial information for the reporting period. Choose a reporting framework. Prepare core financial statements. Draft MDA. Consider additional components. Review and verify. Format and present.

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