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We would like to show you a description here but the site won’t allow us. The service retirement benefit payable under the 57/5 plan is calculated as follows: He amount of the reduction in your benefit depends on your age at retirement and the size of the loan
The chart on the following page illustrates the benefit reduction in dollars for every $1,000. Participants employed in physically taxing positions are eligible to receive a service retirement benefit as early as age 50 if they have at least 25 years of physically taxing service Nycers tier 4 this brochure outlines the benefits of the 55/25 retirement plan for tier 4 members.
You are a tier 4 member if you joined nycers after july 27, 1976, but before april 1st 2012, except for correction officers, uniformed sanitation force and da investigators.
Easily estimate your nycers pension benefits by entering salary, years of service, and plan tier using our nycers pension calculator. If there is a year for which nycers has no salary on file, $0.00 is factored into the fas for that year. Each year of service is calculated at a certain percentage contingent upon the years of credited servi
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