NYSLRS – One Tier at a Time: ERS Tier 5

When you join the New York State and Local Retirement System (NYSLRS), you’re assigned a tier based on the date of your membership. There are six tiers in the Employees’ Retirement System (ERS) and five in the Police and Fire Retirement System (PFRS). Each tier has a different benefit structure established by New York State legislation. Our series, NYSLRS – One Tier at a Time, walks through each tier to give you a quick look at the benefits in both ERS and PFRS.

Today’s post looks at Tier 5 in the Employees’ Retirement System. ERS Tier 5 has one of the shortest windows for membership in NYSLRS, representing members who joined from January 1, 2010 to March 31, 2012. ERS Tier 5 members currently make up 9.4 percent of NYSLRS’ total membership, totaling 57,229 members.

Check out the graphic below for the basic retirement information for Tier 5 members.

ERS-Tiers-5-Benefits_001

Where to Find ERS Tier 5 Information

If you’re an ERS Tier 5 member, please find your retirement plan publication from the list below for more details about your benefits:

Please visit our publications page for special plans under miscellaneous titles.

Stay tuned for more NYSLRS – One Tier at a Time posts. Next time, we’ll take a look at another PFRS tier. Want to learn more about the different NYSLRS retirement tiers? Check out some earlier posts in the series:

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