I am in the tier 4, and if I retire now at age 58, and 15 years of service. I have no loans. What will be my approximate monthly payments?

Michael Osei | Oct 14, 2019 | Category: City government office in New York

New York City Employees' Retirement System - All questions

Address: 340 Jay St, Brooklyn, NY 11201, USA

Donald Raysor | Oct 14, 2019

Depends on how much you made over the years. And if you had. A pension 5/57 (at lease 5 years service and age 57) if that's so you fall into both you have 14 yrs service and age 58. You get your benefits and pension all you have to select the option 1 or 2 or 3 or 4. Might be this: Example option 1 you get all of your pension and leave none for your wife. Option 2 is 5 year option etc

Marina Jacobson | Oct 14, 2019

Depends on your plan and lots of other factors. You have to call customer service and request Estimated Benefit letter.

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