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Listed below are the vesting requirements and Payability Dates for the 62/5 55/25 and 57/5 plans. NOTE A deficit in any of your contribution accounts will result in a reduction in your Vested Retirement Benefit. 62/5 Plan- Generally you are a member of this plan if you began City service and joined NYCERS between July 26 1976 and June 28 1995 AND you did not elect to participate in the 55/25 plan. Under this plan the you have at least five years ...
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How to fill out nycers 57 5 program

How to fill out NYCERS 57 5 program:
01
Obtain the NYCERS 57 5 program application form from the NYCERS website or office.
02
Fill out the personal information section of the application, including your name, date of birth, social security number, and contact information.
03
Provide employment details, such as the agency or organization you work for, your title, and the dates of your service.
04
Select the specific retirement plan option you are applying for under the NYCERS 57 5 program.
05
Indicate your desired payment option and frequency, whether it's a lump sum or installment payments.
06
Attach any required supporting documents, such as birth certificates, marriage certificates, or divorce decrees, as specified in the application instructions.
07
Review the completed application form for accuracy and completeness before submitting it to NYCERS.
Who needs NYCERS 57 5 program:
01
City employees who have accumulated at least 10 years of continuous service in designated New York City retirement systems.
02
City employees who are at least 57 years old and have not yet reached the normal retirement age.
03
City employees who wish to retire before reaching the normal retirement age and receive their pension benefits through the NYCERS 57 5 program.
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What is nycers 57 5 program?
NYCERS 57 5 program is a retirement program sponsored by the New York City Employees' Retirement System.
Who is required to file nycers 57 5 program?
All eligible New York City employees are required to file the NYCERS 57 5 program.
How to fill out nycers 57 5 program?
To fill out NYCERS 57 5 program, employees need to provide information about their employment history, contributions, and beneficiaries.
What is the purpose of nycers 57 5 program?
The purpose of NYCERS 57 5 program is to help employees save for retirement and ensure they have financial security in their later years.
What information must be reported on nycers 57 5 program?
Employees must report their salary, contributions, beneficiaries, and any changes in employment status on the NYCERS 57 5 program form.
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