Tier 2
Application for Refund of Additional Member Contributions For Transit 25-Year/Age 55 Members
Form #336
This application is for: (1) current and former members of the Tier 4 Transit 25-Year/Age 55 retirement plan (T25/55) and (2) former participants of a Chapter 96 Plan (55/25 or 57/5) who are or were employed in the title of Supervisor (Stations) in Assignment Level II in the NYC Transit Authority Stations Department, who wish to receive a refund of accumulated Additional Member Contributions (AMCs).
Application for Refund of Additional Member Contributions
Form #333
Members who are no longer eligible to participate in a special retirement plan may be eligible to receive a refund of their additional member contributions. Note that by withdrawing your additional member contributions, your membership and all associated rights, benefits, and privileges will end.
Tier 2 Age and Service Requirements for Retirement Eligibility
This Fact Sheet provides Age and Service requirements for various Tier 2 retirement plans at a glance.
Election to Change the Present Method of Payment of Social Security Coverage – Tier 1 and Tier 2
Form #217
Social Security offset allows you to reduce some or all of your Basic Contribution Rate by the percentage taken out of your paycheck for Social Security. By electing this option, you may end up with a deficit in your account. Please read this form carefully, as your action will affect the annuity component of your future retirement benefit.
Revocation of Election to Pay Extra Salary Deductions to Provide for Additional Annuity at Retirement – Tier 1 and Tier 2
Form #215
File this form if you elected to contribute 50 percent more than your normal rate of contribution and now wish to cancel this election.
Election to Pay Extra Salary Deductions to Provide for Additional Annuity at Retirement – Tier 1 and Tier 2
Form #214
By filing this form, you will start paying 50 percent more than your normal rate of contribution, which will increase your annuity at retirement and enhance your retirement benefit.
Application to Restore Rate of Deduction – Tier 1 and Tier 2
Form #211
For Tier 1 and Tier 2 members who cancelled their Rate of Deduction and discontinued making pension contributions and now wish to start contributing again.
Election to Contribute Additional Contributions – Tier 1 and Tier 2
Form #210
For Tier 1 members in the 55-Year Increase-Service-Fraction Plan (Plan B) and Tier 2 members in the Modified-55 Increased-Service-Fraction Plan (Plan D) who wish to increase their pension contributions.
Application for Disability Retirement – Tier 2
Form #602
Use this application if you are a Tier 2 member and wish to collect a retirement benefit due to disability.
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.
Disability Retirement – Tier 1 and Tier 2
Brochure #921
The disability retirement process for Tier 1 and 2 members.
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.
Loans – Tier 1 and Tier 2
Brochure #912
Information about eligibility, borrowing capacity, filing and processing application for a loan for Tier 1 and 2 members.
Calculating Your Final Average Salary (FAS) – Tier 2
Brochure #928
How NYCERS determines a Tier 2 member’s Final Average Salary (FAS).
Safeguards Information Affidavit
Form #350
This form is to be completed annually by all Tier 1 and Tier 2 Disability Retirees to verify your eligibility for continued disability benefits.
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.)
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.
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.
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.
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.