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New Laws!
Two new laws – Chapter 55 and Chapter 56 of the Laws of 2024 – that were recently passed as part of the New York State Budget, may impact certain NYCERS members and retirees...
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New Laws:
Two new laws – Chapter 55 and Chapter 56 of the Laws of 2024 – that were recently passed as part of the New York State Budget, may impact certain NYCERS members and retirees.
New Law:
Chapter 56 of the Laws of 2024 reduces the number of years used in the Final Average Salary (FAS) calculation for certain Tier 3 and Tier 6 members who retire on or after April 20, 2024.
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New Law:
Chapter 56 of the Laws of 2024, effective April 20, 2024, reduces the number of years used in the Final Average Salary (FAS) calculation for certain Tier 3 and Tier 6 members who retire on or after April 20, 2024. If the law applies to you, NYCERS will automatically update your FAS calculation in our system.
Attention Tier 4 and Tier 6 TBTA 20/50 Plan members:
The TBTA has elected by resolution to provide the incentive that removes the age 50 requirement for a Service Retirement.
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Attention Tier 4 and Tier 6 TBTA 20/50 Plan members:
Section 1 of Chapter 693 of the Laws of 2023 removes the age requirement for TBTA 20/50 Plan Members. The TBTA has elected by resolution to provide the incentive. Please note:
- The age 50 eligibility requirement for a Service Retirement under this plan has been eliminated.
- Other plan provisions, including the Credited Service requirement, still apply.
- NYCERS will update the Plan documents to reflect this information. No action is required from you now.
1099-R Tax Forms for 2023
If you are eligible to receive a 1099-R for tax year 2023, it was mailed to you.
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1099-R Tax Forms for 2023
Each January, 1099-R tax forms are sent to members, retirees and beneficiaries who received a taxable distribution from NYCERS in the prior year.
Taxable distributions may include:
- Loans
- Monthly pension payments
- Refunds
- Variable Supplements Fund (VSF) payments
- Lump-sum death benefits
If you are eligible to receive a 1099-R for tax year 2023, it was mailed to you.
NYCERS’ Five-Year Accessibility Plan Now Available
Local Law 12 of 2023 requires every New York City agency to create and publish a plan that describes their strategy to address the access needs of people with disabilities.
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NYCERS’ Five-Year Accessibility Plan Now Available
Local Law 12 of 2023 requires every New York City agency to create and publish a plan that describes their strategy to address the access needs of people with disabilities. The plan, known as a Five-Year Accessibility Plan, outlines the agency’s accessibility efforts in the areas of Digital Accessibility, Workplace Inclusion, Effective Communication, Physical Accessibility, and Programmatic Access.
Please click here to read NYCERS’ Five-Year Accessibility Plan.
Attention NYCERS Members and Retirees:
Governor Hochul recently signed into law, eight new bills related to the retirement systems’ membership.
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Attention NYCERS Members and Retirees:
Governor Hochul recently signed into law, eight new bills related to the retirement systems’ membership. NYCERS is reviewing the specifics and will provide information shortly. Please check back for further updates.
Five Holiday Scams to Look Out For
With the holidays fast approaching, it’s important to be extra vigilant online. Here are some trending cyberattacks to watch out for.
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Five Holiday Scams to Look Out For
With the holidays fast approaching, it’s important to be extra vigilant online. Here are some trending cyberattacks to watch out for.
Learn more
Protect Yourself from Summer Cyber Scams
Here are some tips to help you protect your personal information this summer.
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Protect Yourself from Summer Cyber Scams
Here are some tips to help you protect your personal information this summer.
Learn more
1099-R Tax Forms for 2022
If you are eligible to receive a 1099-R for tax year 2022, it will be mailed to you by the end of January.
Read more...
1099-R Tax Forms for 2022
Each January, 1099-R tax forms are sent to members, retirees and beneficiaries who received a taxable distribution from NYCERS in the prior year.
Taxable distributions may include:
- Loans
- Monthly pension payments
- Refunds
- Variable Supplements Fund (VSF) payments
- Lump-sum death benefits
If you are eligible to receive a 1099-R for tax year 2022, it will be mailed to you by the end of January.
Important Service Announcement
Managing your MyNYCERS account just got easier! Log in now to use new MyNYCERS features that will help you manage beneficiaries, account information and more!
Important Service Announcement
Managing your MyNYCERS account just got easier! Log in now to use new MyNYCERS features that will help you manage beneficiaries, account information and more!
Special Accidental Death Benefit (SADB)
Chapter 782 of the Laws of 2022 permits the parents of a member to collect the SADB if the member has no spouse or child under the age of 18 (or 23 if the child is a student).
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Special Accidental Death Benefit (SADB)
Chapter 782 of the Laws of 2022 amends GML section 208-f to permit the parents of a member to collect the Special Accidental Death Benefit (SADB) if the member has no spouse or child under the age of 18 (or 23 if the child is a student).
COVID-19 Related Accidental Death Benefits
Chapter 783 of the Laws of 2022, extends the provisions of the COVID Accidental Death Benefit for an additional two years to apply to members who died on or before December 31, 2024.
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COVID-19 Related Accidental Death Benefits
Chapter 783 of the Laws of 2022, extends the provisions of the COVID Accidental Death Benefit for an additional two years to apply to members who died on or before December 31, 2024.
5 Ways to Protect Your Identity Online This Holiday Season
Every year from Thanksgiving into the new year, cybercriminals work overtime to compromise your identity and online security. If you plan to shop or do business online this holiday season, these five tips may help you do it safely. Read More...
5 Ways to Protect Your Identity Online This Holiday Season
Every year from Thanksgiving into the new year, cybercriminals work overtime and use crafty schemes in an attempt to compromise your identity and online security. If you plan to shop or conduct business online this holiday season, here are five tips that can help you do it safely.
WTC Filing Deadline Extended to 9/11/2026
The deadline to file a Notice of Participation in WTC Rescue, Recovery or Clean-Up Operations is September 11, 2026.
Download an application here.
WTC Filing Deadline Extended to 9/11/2026
The deadline to file a Notice of Participation in WTC Rescue, Recovery or Clean-Up Operations is September 11, 2026. More info
Annual Disclosure Statements Available
Active and Vested NYCERS members can log in to MyNYCERS and access their 2021 Annual Disclosure Statement (ADS) via the “View My Documents” link in the menu.
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Annual Disclosure Statements Available
Active and Vested NYCERS members can log in to MyNYCERS and access their 2021 Annual Disclosure Statement (ADS) via the “View My Documents” link in the menu. (First-time users of MyNYCERS must register before logging in.) Be sure to check that your data is correct and contact NYCERS with changes.
Need help registering?
Follow this step-by-step guide.
New Law
Chapter 528 of the Laws of 2022 – Increases certain special accidental death benefits.
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New Law - Chapter 528 of the Laws of 2022 – Increases certain special accidental death benefits
This law amends the Retirement and Social Security Law (RSSL) § 361-a(c) and General Municipal Law (GML) § 208-f(c) by increasing the deceased member’s salary used in the computation of the special accidental death benefit by adding to it an additional percentage. The beneficiaries of the following NYCERS members are covered: Correction Officers, Housing and Transit Police, Uniformed Sanitation members, certain EMTs and TBTA members.
This law is effective as of July 1, 2022.
Legislation affecting NYCERS members can be found at nycers.org/legislation.
New Chief Actuary Announced
In a joint statement, the five New York City retirement systems today announced Marek Tyszkiewicz as New York City’s new Chief Actuary.
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New Chief Actuary Announced
In a joint statement, the five New York City retirement systems today announced Marek Tyszkiewicz as New York City’s new Chief Actuary. The Chief Actuary is the legally-designated technical advisor to the five Boards of Trustees, overseeing the actuarial calculations for City employees’ post-employment benefits.
New Law: Chapter 234 of the Laws of 2022 – Extends the ability for NYC and NYS employees to get 4 (four) hours of paid leave per COVID injection.
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New Law:
This act amends the provisions of Chapter 77 of the Laws of 2021 and extends the ability for NYC and NYS employees to get 4 (four) hours of paid leave per COVID injection to December 31, 2023.
New Law: Chapter 56 of the Laws of 2022 TIER 6 CHANGES amends the Retirement and Social Security Law (RSSL) regarding rate of pension contribution and vesting rights.
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New Law:
Chapter 56 of the Laws of 2022 TIER 6 CHANGES amends the Retirement and Social Security Law (RSSL) regarding rate of pension contribution and vesting rights.
Attention MTA Tier 6 Members:
(Updated 11/09/2021)
Please click here to read important information regarding your payroll deductions with your employer.
Attention MTA Tier 6 Members:
(Updated 11/09/2021)
Please click here to read important information regarding your payroll deductions with your employer.