Tier 3 ITHP Decision
On May 16, 2013, the Supreme Court, Appellate Division, First Department, issued its decision in Lynch, et al. v. City of New York, et al., regarding the applicability of an increased-take-home-pay (ITHP) benefit to Tier 3 Police and Fire members. The Court found that New York State Retirement and Social Security Law (RSSL) § 440, the ITHP provision, applies to Tier 3 Police and Fire members. Accordingly, Tier 3 members are entitled to ITHP and are not required to contribute 3% of earnings to their pension. Please be advised that there is period of time in which the City make seek leave to appeal; therefore, the Fund will not be ceasing pension contributions for Tier 3 member pending the appeal period. Should the decision not be appealed, the Fund will be contacting the members affected.
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Deferred Compensation Has Relocated
Please be advised that as of March 25, 2013, the Deferred Compensation Plan's Customer Service Center has moved to 65 Broadway, 21st Floor, New York, NY 10006 (3 blocks east of 40 Rector Street). The Plan's phone number will remain the same: (212) 306-7760. Please continue to direct all written inquiries/correspondence to the following mailing address: New York City Deferred Compensation Plan, Bowling Green Station, P.O. Box 93, New York , New York 10274-0093.
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2012 IRS Form 1099-R Distribution
Please be advised IRS Form 1099-Rs were mailed out to retirees and beneficiaries on January 18, 2013. If a 1099 has not been received by February 8, 2013 a duplicate may be requested in writing confirming the mailing address. If a retiree or beneficiary has moved, a Change of Address Form or notarized letter must be provided to the Fund. Such requests should be sent to the attention of Pension Payroll at 233 Broadway, 19th Floor, New York, New York 10279. Questions of a general nature regarding 1099s may be directed to Pension Payroll at (212) 693-6888.
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Retroactive Military Seniority
Retroactive Military Seniority (RMS) is awarded to a member after being appointed to the NYPD from a special list, retroactive to the date the member would have been appointed had the member not been serving in the military. Members who receive RMS from the Department of Citywide Administrative Services (DCAS) receive pension credit retroactive to the date awarded by DCAS. For further information, please click here.