There are two ways to establish a NYCE IRA account:

Paper method
Print out the NYCE IRA Application and submit the completed application to the NYCE IRA's Administrative Office.  Once your application has been processed, you will receive a confirmation letter, a Personal Identification Number (PIN)*, which will provide you with future access to your account, and the forms necessary to fund your account. 

Download the NYCE IRA Brochure which includes the NYCE IRA Application

OR

Electronic method
A NYCE IRA account may be established online by following a very simple two-step procedure:

Step 1: Order Your NYCE IRA Materials

The first step toward establishing a NYCE IRA account electronically is to request Plan Materials.  This document package will contain the NYCE IRA Brochure and the forms necessary to fund your account.  Also included will be the application to establish a Spousal NYCE IRA.  You will receive your Personal Identification Number (PIN) in a separate mailing. 

Once you have your PIN, you are ready to go on to the next step.

Order Plan Materials to establish your NYCE IRA

Step 2:  Set Up Your NYCE IRA Account

After receiving your PIN, you can sign into your account.  You will need to:

a) Select the Type of Account you wish to establish, either a NYCE IRA (Traditional) or Roth NYCE IRA, and make investment and beneficiary elections.

b) Select Your Investment Allocation
With the NYCE IRA, you can choose how you want your money invested. 

The NYCE IRA offers you the opportunity to invest in a pre-arranged portfolio.  Each portfolio consists of varying percentages of the NYCE IRA's core investment options.  They are professionally managed and regularly rebalanced for you.  Each portfolio's risk exposure is automatically reduced over time.

You may choose instead to create your own portfolio from the NYCE IRA's seven core investment options.  The core options include a Stable Income Fund, a Bond Fund, an Equity Index Fund, a Socially Responsible Fund, a Mid-Cap Equity Fund, an International Equity Fund, and a Small-Cap Equity Fund.

Please refer to the NYCE IRA Investment Options section of this Web site for detailed information on your investment choices.

Learn more about the NYCE IRA Investment Options

c) Designate Beneficiaries
You may designate more than one individual or entity as beneficiary of your account.

Before designating beneficiaries, please refer to the NYCE IRA Beneficiary section of this Web site. 

You will receive confirmation of your investment allocation and beneficiary designation via postal mail.

Learn more about Beneficiary Options

d) View the Disclosure Statement
To complete the process, after you have made your investment allocation and beneficiary changes, you must read and acknowledge the Disclosure Statement and Fee Disclosure Statement.

Once you've done that, you are ready to fund your account. 

Learn more about funding your NYCE IRA  

Download the NYCE IRA Brochure which includes the NYCE IRA Application

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