Vested members can leave City service while retaining the right
to a future retirement benefit.
You become a vested NYCERS member after
accumulating at least five years of
credited or allowable service (10 years if you were
terminated before 7/17/1993). The type of service required to
vest depends on the requirements of your retirement plan.
Your vested retirement benefit becomes payable once you reach the
age specified by your retirement plan.
To learn about the age requirements for payment of a vested
retirement benefit, refer to the vesting section of your
Tier’s Plan Description, or,
if you are in a Special Plan, refer to your Plan Brochure
– Tier 3 | Tier 4 | Tier
6.
If you are leaving city service with more
than five years of Credited/Allowable
Service:
- File a Notice of Intent to File for a Vested Benefit Form
(available below).
- If you haven’t already, register for MyNYCERS so you can
easily update your contact and beneficiary information online and
access your Vested Member Annual Disclosure Statement.
- When you meet the age requirement for your Tier and Plan,
complete an Application for Payment of a Vested Retirement
Benefit (available below).
Members with less than 10 years of service can
choose to terminate their NYCERS membership and give
up any future benefits from NYCERS by applying for
a Refund of their
accumulated salary deductions.
