Have you begun planning for your retirement? This year, National Retirement Planning Week will be celebrated from April 3–7. One-third of American workers have no retirement savings plan besides Social Security. Fortunately, NYCHA and other City employees can become members of the New York City Employees’ Retirement System (NYCERS), the largest municipal public employee retirement system in the United States.
NYCERS’ defined benefits plan guarantees members a set amount based on their age, years of service, salary and other factors—not on the condition of the stock market on the day you retire. In addition to a guaranteed pension, NYCERS also offers many other benefits to its members, including retirement planning, loans, disability payments, and death benefits.
For more information, including the enrollment application, please visit www.nycers.org. You can also call NYCERS at 347-643-3000.