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Ne (a MY NYCERS account and registered PIN are required to apply online). Please be sure to read the Fact Sheet on the back of this form. NYCERS must verify both the salary and the service history for the period of time you want to purchase. In most cases NYCERS will have adequate pay records to process your buy-back application, but if not, the information will have to be supplied by you or by the agency you worked for. NYCERS requires the following documentation: To verify your earnings: W-2s,.

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How to fill out the Nycers Form Pdf 241 online

Filling out the Nycers Form Pdf 241 is an essential step for individuals wishing to purchase credit for service rendered before their membership date in NYCERS. This guide provides a clear and comprehensive approach to completing the form online.

Follow the steps to successfully complete the form online.

  1. Click the ‘Get Form’ button to access the application form and open it in the online editor.
  2. Enter your member number along with the last four digits of your Social Security number. Provide your initials as well as your work phone number and home phone number.
  3. Fill in your first name, last name, address, apartment number, city, state, and zip code in the respective fields.
  4. Indicate that you are a NYCERS member and specify the period for which you are looking to purchase credit for previous service by filling in the 'From' and 'To' dates.
  5. Provide the name of the agency where you rendered the service and your job title during that period.
  6. Sign the form in the designated area, date it, and ensure that you check one of the provided options for how you would like NYCERS to obtain your pay records.
  7. Once all fields are completed, review the information for accuracy, then save your changes. You can choose to download, print, or share the completed form.

Begin completing your documents online today for a smooth filing experience.

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In addition, if you are under the age of 59½ you will also be subject to the 10% early distribution penalty tax assessed by the IRS. Exceptions to this penalty may apply, especially if you leave City service during or after the year in which you attain age 55.

The average pension received was $57,516, compared to $53,539 for last year's retirees; Those who had been employed by the Department of Corrections (DOC) had the highest average pension (among the ten largest agencies), with 400 individuals being paid an average of $82,947.

In order to process a buy-back application, NYCERS must verify the salary and service history for the period of time the member wants to purchase. This form is to be completed by the agency the member worked for to provide verification of the member's salary and service.

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.

The payment options to purchase previous service are: (a) A lump-sum payment, OR (b) Payroll deductions, OR (c) A direct rollover of funds from a NYC Deferred Compensation Plan or Individual Retirement Account.

The Military Buyback Program is a benefit for all veterans with active duty military service time to receive credit for their military service time to be added to their years of civil service with the government and increases their retirement annuity.

Form #241. Use this application to purchase (buyback) previous full-time or part-time public service rendered within New York State prior to your NYCERS membership.

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© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Your Privacy Choices
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232