This Retirement Option Election Form allows you to elect either
the Maximum Retirement Allowance or an option that provides a
continuing benefit to your designated beneficiary after your
death. By electing a retirement option, you will receive a
reduced retirement benefit.
This Retirement Option Election Form allows you to elect an
option that provides a continuing benefit to your designated
beneficiary after your death. By electing this option, you
will receive a reduced retirement benefit. If you die within
five (or ten) years from the date of retirement, the reduced
monthly benefit will continue to be paid to the designated
primary beneficiary for the unexpired balance of the five- (or
ten-) year period.
This Retirement Option Election Form allows you to elect either
the Maximum Retirement Allowance or an option that provides a
continuing benefit to your designated beneficiary after your
death. By electing a retirement option, you will receive a
reduced retirement benefit.
This Retirement Option Election Form allows you
to elect the Five-Year Certain or Ten-Year Certain Option.
By electing this option, you will receive a reduced
retirement benefit. If you die within five (or ten) years
from the date of retirement, the reduced monthly benefit will
continue to be paid to the designated primary beneficiary for the
unexpired balance of the five- (or ten-) year period.
This Retirement Option Election Form allows you to elect either
the Maximum Retirement Allowance or an option that provides a
continuing benefit to your designated beneficiary after your
death. By electing a retirement option, you will receive a
reduced retirement benefit. Be sure you understand each option,
and elect the one that best fulfills your needs.
This Retirement Option Election Form is for Tier 2 members who
wish to provide a lump-sum income to their designated
beneficiary(ies) upon their death. By electing a retirement
option, you will receive a reduced lifetime retirement
allowance.
This Retirement Option Election Form is for Tier 2 members
who wish to provide continuing income to their designated
beneficiary upon their death. Option 4 provides for a reduced
lifetime monthly retirement allowance. Upon your death, a
percentage of the reduced monthly allowance or a specific dollar
amount will continue to be paid to your designated beneficiary.
This application is for Tier 2 members who wish to provide
continuing income to their designated beneficiary upon their
death. Option 4-4 provides for a reduced lifetime monthly
retirement allowance. Upon your death, a percentage of the
reduced monthly allowance or a specific dollar amount will
continue to be paid to your designated beneficiary. If the
designated beneficiary predeceases you, your retirement allowance
automatically reverts to the Maximum Retirement Allowance.
Option 4 for Tier 1 members provides for a reduced
lifetime monthly retirement allowance. Upon your death, a
percentage of the reduced monthly allowance or a specific dollar
amount will continue to be paid to your designated beneficiary.
If you should die after the effective date of your retirement but
before you receive your first full retirement payment, a benefit
under Option 1 will be paid to your beneficiary. If you prefer
that your beneficiary receive payment under Option 4 instead, you
must initial the box on the form.
This Retirement Option Election Form is for Tier 1
members who wish to provide continuing income to their designated
beneficiary upon their death. Option 4-4 provides for a reduced
lifetime monthly retirement allowance. Upon your death, a
percentage of the reduced monthly allowance or a specific dollar
amount will continue to be paid to your designated beneficiary.
This Retirement Option Election Form allows Tier 1
members to provide continuing income to their designated
beneficiary(ies) upon their death, either as a Return of Reserve
(Option 1) or a Lump-Sum Payment (Option 4). By electing a
retirement option, you will receive a reduced lifetime
retirement allowance.
This Retirement Option Election Form is for Tier 1 members who
wish to elect the Five-Year Certain or Ten-Year Certain
Option. By electing this option, you will receive a
reduced retirement benefit. If you die within five (or ten)
years from the date of retirement, the reduced monthly benefit
will continue to be paid to the designated primary beneficiary
for the unexpired balance of the five- (or ten-) year period.
This brochure describes the retirement options for Tier
4 and Tier 6 Basic and Special Plan members. By selecting an
option, you accept a reduced lifetime retirement allowance in
exchange for the payment of a benefit to your designated
beneficiary upon your death. If you do not select an option, you
will be awarded the Maximum Retirement Allowance. Be sure you
understand each option before you submit your retirement forms.
This brochure describes the retirement options for Tier 3
members, including 22-Year Plan participants. Be sure you
understand each option before submitting your retirement
forms.
This brochure describes the retirement options
for Tier 2 members (members who joined NYCERS after
June 30, 1973 but prior to July 27, 1976 and Investigators
employed in District Attorney offices who joined NYCERS
between July 1, 1973 and March 31, 2012.)
This form is for members in Tier 2, 3, 4 and 6 who have filed an
application for Service or Disability Retirement or Payment of a
Vested Retirement Benefit, or whose agency has filed a Disability
Retirement Application on their behalf. This form allows you to
elect one of two temporary options before you elect a permanent
option and thereby make a final decision regarding the way in
which your retirement benefit will be paid. NYCERS recommends
that you choose a temporary option as soon as possible.