Tier 2

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.

Brochure 924

Retirement Options – Tier 2
Brochure #924

This brochure describes the retirement options for Tier 2 members (members who joined NYCERS after June 30, 1973 but prior to July 27, 1976 and Investigators employed in District Attorney offices who joined NYCERS between July 1, 1973 and March 31, 2012.

Form 562

Temporary Retirement Option Election Form – Tier 2, 3, 4 and 6
Form #562

This form is for members in Tier 2, 3, 4 and 6 who have filed an application for Service or Disability Retirement or Payment of a Vested Retirement Benefit, or whose agency has filed a Disability Retirement Application on their behalf. This form allows you to elect one of two temporary options before you elect a permanent option and thereby make a final decision regarding the way in which your retirement benefit will be paid. NYCERS recommends that you choose a temporary option as soon as possible.

Form 560

Selection by Beneficiary(ies) of a Tier 2 Member to Annuitize the Ordinary Death Benefit
Form #560

This form gives the designated beneficiary(ies) of a Tier 2 member who died during active service the opportunity to choose to receive the Ordinary Death Benefit under Section 448 of Retirement and Social Security Law as an annuity, rather than as a lump-sum payment. This form must be filed within 90 days after the date that NYCERS is notified of the member’s death.

Form 559

Retirement Option Election Form – Tier 2 – Option 4
Form #559

This Retirement Option Election Form is for Tier 2 members who wish to provide continuing income to their designated beneficiary upon their death. Option 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 558

Retirement Option Election Form – Tier 2 – Option 4-4
Form #558

This application is for Tier 2 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. If the designated beneficiary predeceases you, your retirement allowance automatically reverts to the Maximum Retirement Allowance.

Form 554

Retirement Option Election Form – Tier 2, Tier 3, and 22-Year Plan – Five-Year and Ten-Year Certain
Form #554

This Retirement Option Election Form allows you 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 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.