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NYS ERS RETIREMENT
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Post NYS ERS RETIREMENT Posted: Tue Jun 24, 2008 1:05 am
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It is unfortunate that we are not required to join when we are rookies. It would have saved many of us a ton of frustration and costly buy-back of years.

Here are the forms to enroll and buy-back your years (service credit)..
I highly recommend sending all forms certified, return-receipt. You should receive an acknowledgement from the State when they receive your service credit form RS 5042-I
It will take between 6 months and a year or longer to receive your estimate.. You will get two options, a lump sum payment to buy back all your years instantly, or have it come out of your pay-check for years to come. Probably around $40 per paycheck, in addition to the $30 for current enrollment.

RS 5420 (enrollment) (click here)

RS 5042-I (buy-back) (click here)
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NYS ERS Website: http://www.osc.state.ny.us/retire/.
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