With New Year’s resolutions fresh in our minds, here’s one that everyone should add to their list: Don’t forget to update your beneficiaries. We are fortunate to have a variety of monetary and other job-related and union-related benefits that we must keep track of as our families grow and change. Every employee should complete a Designation of Beneficiaries form to ensure that any monies due upon the employee’s death are given to only the individuals they have selected. However, updating your pension beneficiaries does not change beneficiaries for other payments or benefits to which survivors may be entitled.
- The NYCERS change of (pension) beneficiary form can be downloaded from the NYCERS website at www.nycers.gov, or requested by calling NYCHA’s Ask HR at 212-306-8000 or NYCERS at 347-643-3000.
- Beneficiaries for other job-related entitlements, such as unpaid salary, accrued annual leave, retirement bonus, expense reimbursement and retroactive monies owed, can be updated by completing a Designation of Beneficiaries form (#015168), available from the Forms and Reference Library on NYCHA Connect, or Ask HR.
- For information about updating beneficiaries for life insurance, death benefits, annuities or disability payments through a union welfare fund, call your union office or ask your shop steward. Employees covered by the Management Benefits Fund may contact the Employee Benefits Division at 212-306-8482 or the Management Benefits Fund at 212-306-7290.
- Finally, employees who participate in the Deferred Compensation Plan administered by the NYC Office of Labor Relations must contact 212-306-7760 for information.