Archive

Post

New Law:
Chapter 56 of the Laws of 2024 reduces the number of years used in the Final Average Salary (FAS) calculation for certain Tier 3 and Tier 6 members who retire on or after April 20, 2024.
Read more

New Law:

Chapter 56 of the Laws of 2024, effective April 20, 2024, reduces the number of years used in the Final Average Salary (FAS) calculation for certain Tier 3 and Tier 6 members who retire on or after April 20, 2024. If the law applies to you, NYCERS will automatically update your FAS calculation in our system.

Post

1099-R Tax Forms for 2023
If you are eligible to receive a 1099-R for tax year 2023, it was mailed to you.
Read more...

1099-R Tax Forms for 2023

Each January, 1099-R tax forms are sent to members, retirees and beneficiaries who received a taxable distribution from NYCERS in the prior year.

Taxable distributions may include:

  1. Loans
  2. Monthly pension payments
  3. Refunds
  4. Variable Supplements Fund (VSF) payments
  5. Lump-sum death benefits

If you are eligible to receive a 1099-R for tax year 2023, it was mailed to you.

Post

NYCERS’ Five-Year Accessibility Plan Now Available
Local Law 12 of 2023 requires every New York City agency to create and publish a plan that describes their strategy to address the access needs of people with disabilities.
Learn More

NYCERS’ Five-Year Accessibility Plan Now Available

Local Law 12 of 2023 requires every New York City agency to create and publish a plan that describes their strategy to address the access needs of people with disabilities. The plan, known as a Five-Year Accessibility Plan, outlines the agency’s accessibility efforts in the areas of Digital Accessibility, Workplace Inclusion, Effective Communication, Physical Accessibility, and Programmatic Access.

Please click here to read NYCERS’ Five-Year Accessibility Plan.

Post

1099-R Tax Forms for 2022
If you are eligible to receive a 1099-R for tax year 2022, it will be mailed to you by the end of January.
Read more...

1099-R Tax Forms for 2022

Each January, 1099-R tax forms are sent to members, retirees and beneficiaries who received a taxable distribution from NYCERS in the prior year.

Taxable distributions may include:

  1. Loans
  2. Monthly pension payments
  3. Refunds
  4. Variable Supplements Fund (VSF) payments
  5. Lump-sum death benefits

If you are eligible to receive a 1099-R for tax year 2022, it will be mailed to you by the end of January.

Post

Special Accidental Death Benefit (SADB)
Chapter 782 of the Laws of 2022 permits the parents of a member to collect the SADB if the member has no spouse or child under the age of 18 (or 23 if the child is a student).
Read more

Special Accidental Death Benefit (SADB)

Chapter 782 of the Laws of 2022 amends GML section 208-f to permit the parents of a member to collect the Special Accidental Death Benefit (SADB) if the member has no spouse or child under the age of 18 (or 23 if the child is a student).

Post

5 Ways to Protect Your Identity Online This Holiday Season
Every year from Thanksgiving into the new year, cybercriminals work overtime to compromise your identity and online security. If you plan to shop or do business online this holiday season, these five tips may help you do it safely. Read More...

5 Ways to Protect Your Identity Online This Holiday Season

Every year from Thanksgiving into the new year, cybercriminals work overtime and use crafty schemes in an attempt to compromise your identity and online security. If you plan to shop or conduct business online this holiday season, here are five tips that can help you do it safely.

Post

Annual Disclosure Statements Available
Active and Vested NYCERS members can log in to MyNYCERS and access their 2021 Annual Disclosure Statement (ADS) via the “View My Documents” link in the menu.
Read more...

Annual Disclosure Statements Available

Active and Vested NYCERS members can log in to MyNYCERS and access their 2021 Annual Disclosure Statement (ADS) via the “View My Documents” link in the menu. (First-time users of MyNYCERS must register before logging in.) Be sure to check that your data is correct and contact NYCERS with changes.

Need help registering?

Follow this step-by-step guide.

Post

New Law
Chapter 528 of the Laws of 2022 – Increases certain special accidental death benefits.
Read more…

New Law - Chapter 528 of the Laws of 2022 – Increases certain special accidental death benefits

This law amends the Retirement and Social Security Law (RSSL) § 361-a(c) and General Municipal Law (GML) § 208-f(c) by increasing the deceased member’s salary used in the computation of the special accidental death benefit by adding to it an additional percentage. The beneficiaries of the following NYCERS members are covered: Correction Officers, Housing and Transit Police, Uniformed Sanitation members, certain EMTs and TBTA members.

This law is effective as of July 1, 2022. 

Legislation affecting NYCERS members can be found at nycers.org/legislation.

Post

New Chief Actuary Announced
In a joint statement, the five New York City retirement systems today announced Marek Tyszkiewicz as New York City’s new Chief Actuary.
Read more...

New Chief Actuary Announced

In a joint statement, the five New York City retirement systems today announced Marek Tyszkiewicz as New York City’s new Chief Actuary. The Chief Actuary is the legally-designated technical advisor to the five Boards of Trustees, overseeing the actuarial calculations for City employees’ post-employment benefits.