When you joined the New York State and Local Retirement System (NYSLRS), you were 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 State Law.
Today’s post looks at ERS Tier 5, which covers ERS members who joined from January 1, 2010 through March 31, 2012. As of March 31, 2016 there were 53,123 ERS Tier 5 members — 8.7 percent of NYSLRS’ total membership.
The graphic below illustrates basic retirement information for Tier 5 members.
Where to Find More ERS Tier 5 Information
ERS Tier 5 members can find more details about their benefits in the publications listed below:
- Retirement Plan for ERS Tier 5 Members (Article 15) (VO1523)
- State Correction Officers and Security Hospital Treatment Assistants Plan (Article 14-CO) (VO1526)
- Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan (Article 14B: Sections 551, 552 and 553) (VO1841)
For benefit information about special plans for miscellaneous titles, please visit our publications page.
Stay tuned for more NYSLRS – One Tier at a Time posts. Want to learn more about the different NYSLRS retirement tiers? Check out some earlier posts in the series: