The fastest way to file is through your Retirement Online account. For the full retirement benefit, you must be 62 years old at retirement or, if you have 30 years of credited service, you may retire as early as age 55.If you wish to be paid in a lump sum, you must put your request in writing. NYCERS' Call Center is available to assist you over the phone at (347) 6433000, Monday through Friday,. A new law (Chapter 18 of the Laws of 2012) was enacted amending the retirement benefits of public employees who established membership in a public employee. The Retirement Quick Guide will walk you through what to expect as your retirement application is processed and your benefits are determined. Retiring TRS members who are NOT currently paid on the City of New York payroll through direct deposit MUST file either an "EFT Election at. The Social Security Retirement benefit is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Payroll; Personal and tax data changes.