Tier 1

Form 623

WTC Agency Report
Form #623

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.

Form 561

Retirement Option Election Form – Tier 1 – Option 4 (Five-Year Certain; Ten-Year Certain)
Form #561

This Retirement Option Election Form is for Tier 1 members who wish to elect the Five-Year Certain or Ten-Year Certain Option. By electing this option, you will receive a reduced retirement benefit. If you die within five (or ten) years from the date of retirement, the reduced monthly benefit will continue to be paid to the designated primary beneficiary for the unexpired balance of the five- (or ten-) year period.

Form 557

Retirement Option Election Form – Tier 1 – Option 4
Form #557

Option 4 for Tier 1 members provides for a reduced lifetime monthly retirement allowance. Upon your death, a percentage of the reduced monthly allowance or a specific dollar amount will continue to be paid to your designated beneficiary. If you should die after the effective date of your retirement but before you receive your first full retirement payment, a benefit under Option 1 will be paid to your beneficiary. If you prefer that your beneficiary receive payment under Option 4 instead, you must initial the box on the form.

Form 550

Retirement Option Election Form – Tier 1 – Option 4-4
Form #550

This Retirement Option Election Form is for Tier 1 members who wish to provide continuing income to their designated beneficiary upon their death. Option 4-4 provides for a reduced lifetime monthly retirement allowance. Upon your death, a percentage of the reduced monthly allowance or a specific dollar amount will continue to be paid to your designated beneficiary.

Form 543

Request to Change or Correct Retirement Date
Form #543

If you previously filed a Service Retirement Application with NYCERS, you may change your retirement date by filing this form with NYCERS up to the day before your effective retirement date. If your request is received on or after your retirement date, it is denied.

Note: You cannot change your retirement date if you are already receiving your pension from NYCERS.