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The Survivor's Benefit Program provides a death benefit to the beneficiaries of eligible retired New York State employees. For most retirees, the amount is $3,000. Read our brochure, The Survivor's Benefit Program for Retired New York State Employees, for information about eligibility requirements.

Pension protection lump sum This lump sum is usually the value of the pension payments which are due to be paid between your death and the end of the guarantee period. This is paid tax-free if you die before the age of 75. Otherwise, it's taxed as earnings on the person(s) receiving it.

Generally, NYCERS membership is open to all employees of the City of New York and Participating Employers except those who are eligible for membership in the Police or Fire Department pension fund, or the Teachers or Board of Education retirement system.

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.

How to Register for MyNYCERS Step 1 – Go to .MyNYCERS.org. Click the Register button to begin. Step 2 – Tell Us Who You Are. ... Step 3 – Verify your Identity. ... Step 4 – Verify Contact Information. ... Step 5 – Create Your Login Credentials. ... Step 6 – Log In. ... Step 7 – Two-Factor Authentication.

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.

If the retiree dies before the designated beneficiary, the beneficiary will continue to receive either the same (100%) lifetime annual retirement allowance ($16,400) or one-half (50%) of the lifetime annual retirement allowance ($8,200), depending on the retiree's se- lection.

Call Center (347-643-3000) is open Monday through Friday, 8 am to 5 pm, to answer questions and schedule consultations.

Once you submit your application, NYCERS will process it in approximately 10 business days (or, if you are applying in advance, within 10 days after your eligibility date). If you apply online and select EFT, your loan will be processed in three (3) business days.