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F501 NYCERS USE ONLY Designation of Beneficiary ies Post-Retirement Lump-Sum Death Benefit This application is for those who wish to nominate a beneficiary ies to receive a post-retirement lump-sum death benefit. Should I survive all designated beneficiaries the post-retirement lump-sum death benefit shall be paid to my Estate or to such other beneficiary or beneficiaries as I shall hereafter nominate by filing another designation of beneficiary form with NYCERS. Signature of Member Date...
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How to fill out nycers beneficiary form
How to fill out NYCERS Form 501:
01
Obtain a copy of NYCERS Form 501 from the NYCERS website or by contacting the NYCERS office.
02
Read the instructions carefully to understand the purpose of Form 501 and the required information.
03
Fill in your personal details accurately, such as your full name, date of birth, Social Security number, and contact information.
04
Provide information about your NYCERS membership, including your membership tier, date of membership, and any previous membership details if applicable.
05
Indicate your employment history by listing your current and previous NYCERS-eligible positions.
06
Complete the beneficiary section by entering the names, relationships, and Social Security numbers of your primary and contingent beneficiaries.
07
Sign and date the form to certify the accuracy and completeness of the information provided.
08
Make a copy of the completed form for your records before submitting it to NYCERS.
Who needs NYCERS Form 501:
01
NYCERS Form 501 is required by individuals who are members of the New York City Employees' Retirement System (NYCERS).
02
It is necessary to complete Form 501 to provide updated personal and employment information to NYCERS.
03
Members who have experienced changes in their personal information or employment history should fill out NYCERS Form 501 to ensure accurate recordkeeping and benefit calculations.
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What is nycers beneficiary form?
The NYCRS beneficiary form is a document that allows members of the New York City Employees' Retirement System (NYCERS) to designate individuals or entities to receive benefits upon their death.
Who is required to file nycers beneficiary form?
All members of NYCERS are required to file a beneficiary form to ensure that their death benefits are distributed according to their wishes.
How to fill out nycers beneficiary form?
To fill out the NYCERS beneficiary form, members should provide their personal information, such as name and membership number, and specify the beneficiaries' names, relationships, and contact information. It must be signed and dated.
What is the purpose of nycers beneficiary form?
The purpose of the NYCERS beneficiary form is to formally document the members' choice of beneficiaries for the distribution of benefits, ensuring clarity and legality.
What information must be reported on nycers beneficiary form?
The NYCERS beneficiary form must report the member's personal information, beneficiary names, their relationships to the member, the shares or percentages of benefits each is to receive, and the member's signature.
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