NYS Retirement Tier 4 last chance

Tuesday, 31 March 2009 07:52 administrator
NYS Retirement
I want
to reinforce and add to Cary's message below how important this is and you can sign up using these forms:
Article 15 Membership Registration RS 5420
Supplemental Statement of Services RS 5042-I
the second pdf is the "buy back" of your years, always send everything ceritifed, return receipt and you should receive a confirmation letter for everything you send to the State.

Hey everyone!
Just wanted to give some of you the heads up on piece of the rehire paperwork. There is a NYS retirement form asking if you are a member of the NYS retirement system and if not, if you want to join. I just want to point out this very important piece of information. You CAN join the NYS retirement system now as a lifeguard and eventually if you become a teacher or work in any civil service job, buy back the time.

If you do this now you will be placed in what they call Tier 4. This will mean you only have to pay 3 % back to the state for 10 years. If you do not join the retirement system now, after this Summer they will be creating Tier 5 which means you will have to pay 3% for 30 years! If you are planning to teach or have any other civil service job and have not already joined the NYS retirement system....DO IT NOW!

Just some words of advice... Cary