If you accept another position with the City or State of New York (or any of its political subdivisions) that entitles you to membership in another City or State retirement system, you may use this form to transfer your NYCERS membership to that system.
Retiring from your City job is an important step and the beginning of an exciting time in your life! On a practical note, it’s a process that will take at least a few months to complete and can go more smoothly if you fully understand what to do and what to expect. Here at a glance are your 7 Stops on the Road to Retirement.
Learn how to Activate your MyNYCERS account for full access to all online services, including the ability to see an estimate of your retirement benefit, apply for and pay off a loan online, and change your address.
The Omnibus Budget and Reconciliation Act of 1993 (OBRA ’93) reduced the maximum compensation limit under IRC 401(a)(17) for employees of the private sector. After a transition period the compensation limit was extended to include eligible participants of governmental state and local plans.
Tier 3, Tier 4 and Tier 6 disability retirees are required each year to report any earnings from the public or private sector (Personal Service Income). This fact sheet provides answers to the most frequently asked questions regarding Personal Service Income.
If you receive your pension check in the mail, this fact sheet will explain the information that appears on the check. We encourage you to instead consider having your pension check directly deposited into the account of your choice through Electronic Fund Transfer (EFT).
Complete this form to have your NYCERS pension check automatically deposited into your bank account by Electronic Fund Transfer (EFT). Direct Deposit is easy, convenient, and secure. No more waiting for the check to arrive; no more trips to the bank in bad weather!