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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.
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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.

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As of midnight on June 25, 2021, Governor Cuomo lifted the New York State – State of Emergency, and cancelled the Executive Orders written under the State of Emergency.
As a result, NYCERS has returned to its standard policies and procedures as they pertain to the Executive Orders. Read more...

Important Service Announcement

As of midnight on June 25, 2021, Governor Cuomo lifted the New York State – State of Emergency, and cancelled the Executive Orders written under the State of Emergency.  As a result, NYCERS has returned to its standard policies and procedures as they pertain to the Executive Orders noted below. Therefore, the following NYCERS Temporary Policies are no longer in effect:

  1. Open Meetings Law Protocols for Public Meetings
  2. Notary Protocol
  3. Allowing 212 Limitations to be Suspended
  4. Permitting Remote Notarization
  5. Waiving Notarization on Certain Documents
  6. Travel Restrictions
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The New York City Department of Education did not elect to participate in the ERI by the May 31st deadline.

The City of New York did not elect to participate in the ERI by the June 30th deadline.
Therefore, there is no Early Retirement Incentive for DOE/City employees under Chapter 59 of the Laws of 2021.

2021 Early Retirement Incentive (ERI)

The New York City Department of Education did not elect to participate in the ERI by the May 31st deadline.

The City of New York did not elect to participate in the ERI by the June 30th deadline.

Therefore, there is no Early Retirement Incentive for DOE/City employees under Chapter 59 of the Laws of 2021.

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The New York City Department of Education (DOE) did not elect to participate in the Early Retirement Incentive (ERI) by the May 31st deadline.
The City of New York has not yet elected to participate in the ERI. The deadline for the City to opt in to the ERI is June 30, 2021. Read more

2021 Early Retirement Incentive (ERI)

The New York City Department of Education (DOE) did not elect to participate in the Early Retirement Incentive (ERI) by the May 31st deadline. Therefore, there is no Early Retirement Incentive for DOE employees under Chapter 59 of the Laws of 2021.

The City of New York has not yet elected to participate in the ERI. The deadline for the City to opt in to the ERI is June 30, 2021.

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2021 Early Retirement Incentive (ERI)
On 4/19/2021 Governor Cuomo signed into law Chapter 59 of the Laws of 2021, which provides the City of New York and the NY Board of Education, also known as the NYC Department of Education (DOE), the option to elect an Early Retirement Incentive (ERI).

2021 Early Retirement Incentive (ERI)

On April 19, 2021 Governor Cuomo signed into law Chapter 59 of the Laws of 2021, which provides the City of New York and the NY Board of Education, also known as the NYC Department of Education (DOE), the option to elect an Early Retirement Incentive (ERI).

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COVID-19 Related Accidental Death Benefits
Chapter 78 of the Laws of 2021, which provides death benefits to statutory beneficiaries of members whose death was a result of or was contributed to by COVID-19 has been extended to members who die through December 31, 2022.

COVID-19 Related Accidental Death Benefits

Chapter 78 of the Laws of 2021, which provides death benefits to statutory beneficiaries of members whose death was a result of or was contributed to by COVID-19 has been extended to members who die through December 31, 2022.

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Furloughs
NYCERS members who are furloughed per Mayor de Blasio’s order will not receive pay for the time they are furloughed and therefore, will not receive service credit for that time. The furloughed time...

Furloughs

NYCERS members who are furloughed per Mayor de Blasio’s order will not receive pay for the time they are furloughed and therefore, will not receive service credit for that time. The furloughed time cannot be bought back unless legislation is passed to permit the purchase.