NYCERS is dedicated to a client-centered approach to quality service delivery. Membership in this plan is for employees of the City of New York or a Participating Employer in NYCERS who joined NYCERS after July 26, 1976 but prior to June 29, 1995 and did not elect to participate in the 55/25 Early Retirement Program created by Chapter 96 of the Laws of 1995.Whether it’s upgrading Information Technology infrastructure, facilitating access to information, developing customer service upgrades or instituting advanced security measures, NYCERS is committed to sustaining quality service delivery for all our members, retirees and beneficiaries. Employees of the Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels) in the title of Bridge and Tunnel Maintainer, Assistant Bridge and Tunnel Maintainer, Senior Bridge and Tunnel Maintainer and Laborer are members of the 62/5 plan if they join NYCERS at any time after July 26, 1976.
Generally, retirement allowances payable from such plans are based on a member’s years of service, age and compensation base.
Other types of benefits such as loans, disability benefits and death benefits are also offered and specified in law.
The New York City Employees’ Retirement System (NYCERS) was founded by the New York State Legislature in 1920 with 13,331 members.
Today, NYCERS has grown into the largest municipal public employee retirement system in the United States with over 300,000 active members and retirees including civilian employees such as clerical workers, accountants and social workers, and uniformed employees such as New York City Correction Officers and Sanitation Workers. Defined benefit retirement plans for public sector employees offer benefits which are defined in law.
More than a job, a career with Secret Service offers one-of-a-kind training, a high level of responsibility and a future as you continuously apply new skills, making a positive impact in one of the nation’s most important federal law enforcement areas.
You’ll join an organization with more than 140 years of experience building highly-skilled teams worthy of trust and confidence.Since laws and/or rules affecting your retirement plan or the administration of benefits can be changed in any given year, information may need to be amended from time to time.Where changes occur, an SPD Update will accompany this booklet describing the relevant changes.The abbreviation for each reference is as follows: The absence of a legislative or statutory reference may mean such references are not applicable or the origins were not readily available or that a NYCERS rule is applicable to the benefit described.This SPD booklet contains several sections outlining specific information about: Also included is a Glossary of Terms that defines terms that are used throughout the booklet.In addition, some laws authorize the Board of Trustees to establish rules.As such, the origins of many of the benefits explained in this SPD booklet can be traced back to a section of law or NYCERS rule.In addition to the City of New York (various agencies, boards and commissions), members are employed by public benefit corporations such as the NYC Transit Authority and the NYC Health and Hospitals Corporation.NYCERS performs many functions for active members and retirees alike.The estimate in the 2017 ADS is automated and cannot make adjustments for gaps in service, special plans, retroactive payments, part-time service, or other pension data that may impact your benefit.If you are eligible for retirement, have not received an Estimated Benefit Letter, and are considering retirement, please call NYCERS’ Contact Center at (347) 643-3000.