Post Type: Archive

Chapter 56 of the Laws of 2022 TIER 6 CHANGES amends the Retirement and Social Security Law (RSSL) regarding rate of pension contribution and vesting rights.

(Updated 11/09/2021)
Please click here to read important information regarding your payroll deductions with your employer.

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 Therefore, the following NYCERS Temporary Policies are no longer in effect: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

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.

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.

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).

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.

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.

The following RFP is available now on The City Record Online (CROL):

The following RFP is available now on The City Record Online (CROL):