Public Employee Pension Transparency Act (PEPTA) The New York City Police Pension Fund has expressed its opposition to Public Employee Pension Transparency Act (PEPTA), which Congressman Devin Nunes (R-CA) plans to introduce shortly. This legislation would impose inappropriate, costly and burdensome unfunded federal mandates on sovereign States and local governments, and would additionally threaten the tax-exempt status of their municipal bonds. Click here to see the Fund’s full opposition.
Notice to Active Members re: Annual Pension Statements
Please be advised that the Police Pension Fund began the distribution of Annual Statements on Tuesday, February 27, 2018 at 0900. Annual Statements will be given to each PARENT command; active officers may retrieve statements at their command. Members who do not receive a copy of their Annual Statement by March 27, 2018 may contact Membership Services at the Police Pension Fund by calling the Annual Statement Hotline at (212) 693-2699 to request a duplicate statement.
Questions regarding information contained in the Annual Statement should be submitted in writing along with a copy of the Annual Statement to Kevin Holloran, Executive Director, at 233 Broadway 25th Floor, New York, New York 10279. General questions may be directed to the Annual Statement Hotline at (212) 693-2699.
Tax Changes Effective January 2018
The Internal Revenue Service released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted in December. As a result of these changes, retirees may see increases in their monthly retirement benefit. For more information, please consult with a tax professional.
Tier 3 Enhanced Contributions:
Tier 3 Enhanced members will have an additional contribution rate of 1% applied and deducted from biweekly paychecks beginning December 15, 2017. For more information regarding Tier 3 Enhanced, please visit the updated Tier 3 Summary Plan Description by clicking here .
2017 Variable Supplements Fund (VSF) payments
The New York City Police Pension Fund has been made aware of false information circulating on Facebook regarding a delayed annual Variable Supplements Fund (VSF) payment. Please be advised that VSF payments remain scheduled for December 15, as it is every year. The most current and accurate information will always be provided on the Fund’s Facebook page and website as it becomes available.
Tier 3 Enhanced Election Registry
To confirm that the Police Pension Fund is in receipt of your Tier 3 Enhanced Election form please click here .
Tier 3 Enhanced Changes
Tier 3 members who wish to opt into Tier 3 Enhanced MUST submit their election forms to the Police Pension Fund by August 10, 2017. This means the form must be received and time stamped by the Pension Fund by August 10, not mailed or post-marked by August 10. To accommodate this deadline, the Pension Fund will remain open until midnight on August 10; however, we encourage all members to mail or drop off their forms prior to the deadline.
Forms can be mailed to the Police Pension Fund, attention Membership Services, 233 Broadway, 25th Floor, New York, New York 10279 or MOS can drop off the form in person at 233 Broadway on the 19th Floor. Forms were mailed to MOS at their address on file with the Department and are available on the Pension Fund’s website at www.nyc.gov/nycppf .
A memorandum from the Pension Fund regarding the Tier 3 changes can be found here .
Chapter 59 of the Laws
On April 10, 2017 Chapter 59 of the Laws of 2017 was enacted which makes changes to Tier 3 and creates the Tier 3 Enhanced plan. Please click here for a Tier 3 Comparison chart. Please click here for a Tier 3 Enhanced Election form.
Forms may be submitted in person or by mail to:
New York City Police Pension Fund
233 Broadway, 19th Floor
New York, New York 10279
Attn: Membership Services
Notice to retired members of Emergency Services Unit
The NYPD Office of the Supervising Chief Surgeon is endeavoring to locate retired members of the Emergency Services Unit that participated in both the 2002 and 2007 pulmonary function studies. Each and every participant is important! The greater the number of participants the stronger the results. Even if you are followed elsewhere it is important to participate. Participating members that are available for taking part in a further pulmonary function study are asked to contact the Office of the Supervising Chief Surgeon at 718 760-7626/27 Monday-Friday from 0900-1600 hrs.
Notice to Members with pre-membership military service
Please be advised that on May 31, 2016 Governor Cuomo signed into law Chapter 41 of the Laws of 2016 which amends New York State Retirement and Social Security Law (“RSSL”) §1000. Chapter 41 removes the specified periods of time, medal requirements, and theaters of operation in which military service would have to have been rendered for a service purchase. Prospectively, members need only have been honorably discharged from the military to be eligible to purchase pre-membership service credit pursuant to RSSL §1000. This law is not retroactive and does not permit retired members to purchase service credit. For further information, click here.
NYPD Cancer Study
Recently, the eagerly awaited NYPD Medical Division's 20-year review of cancer within the Department, was published comparing the periods before and after the 9/11/01 WTC disaster. Our team of co-authors include highly regarded cancer and radiation epidemiologists and bio-statisticians from the Weill-Cornell Medical College and Columbia University/NY-Presbyterian Medical Center and its Mailman School of Public Health. To read the document click here .
Tier 3 Shortages
Tier 3 members may have noticed a shortage on their annual statement. While there are several ways to incur a shortage, a majority of members will see a shortage because the Fund is usually unable to capture contributions from the first paycheck. In April, the Fund will be auto-enrolling all Tier 3 members with a shortage of $20 or more in bi-weekly payroll deductions to remedy the shortage. Any member with a shortage may elect to make a lump sum payment by check or money order in lieu of salary deductions. Questions may be directed to Membership Services at (212) 693-5850.
The settlement agreement reached between the City of New York and the United States Attorney’s Office in Goodman, et al. v. City of New York, et al. becomes effective March 17, 2014. At issue was the calculation of pensionable earnings for members on active duty military leaves from the NYPD. For more information regarding this settlement, please click here .