Two new laws – Chapter 55 and Chapter 56 of the Laws of 2024 – that were recently passed as part of the New York State Budget, may impact certain NYCERS members and retirees.
Attention Tier 4 and Tier 6 TBTA 20/50 Plan members:
Section 1 of Chapter 693 of the Laws of 2023 removes the age requirement for TBTA 20/50 Plan Members. The TBTA has elected by resolution to provide the incentive. Please note:
The age 50 eligibility requirement for a Service Retirement under this plan has been eliminated.
Other plan provisions, including the Credited Service requirement, still apply.
NYCERS will update the Plan documents to reflect this information. No action is required from you now.
On March 17, 2014, a settlement between the City of New York and the United States Attorney’s Office in the case of Goodman et al v. City of New York et al (“Goodman”) became effective.