Tier 2

Post 977

Tier 2 – Plan C, Plan D, and Plan CPP-I – Summary Plan Description (SPD)

INTRODUCTION

This booklet is called a Tier 2 Summary Plan Description or SPD for short. It is published by the New York City Employees’ Retirement System (NYCERS), and is intended to summarize all of the provisions relating to retirement plans, programs and other benefits offered to New York City employees who became members on or after July 1, 1973 and prior to July 27, 1976, or were otherwise made eligible for Tier 2 benefits. Laws affecting your pension tier or plan can be enacted in any given year, which may result in possible inaccuracies within this SPD.

Form 552

Retirement Option Election Form – Tier 1 and Tier 2 – Maximum, Option 2, Option 3, Option 4-2, Option 4-3
Form #552

This Retirement Option Election Form allows you to elect either the Maximum Retirement Allowance or an option that provides a continuing benefit to your designated beneficiary after your death. By electing a retirement option, you will receive a reduced retirement benefit. Be sure you understand each option, and elect the one that best fulfills your needs.