The New York City Employees' Retirement System (NYCERS) Form F131 is a crucial document for Tier 1 and Tier 2 members, facilitating the formal nomination of beneficiaries for specific death benefits in the unfortunate event of a member's demise while in active city service. This comprehensive form is designed to ensure that the death benefit, which could be a substantial sum reflecting a multiple of the member's annual salary, and the accumulated deductions benefit, which includes contributions plus any accrued interest, are distributed according to the member's wishes. Members have the flexibility to nominate individual persons, multiple beneficiaries, or even their Estate to receive one or both of these benefits. Importantly, the form caters to the need for detailed specification through sections that allow for the designation of both primary and contingent beneficiaries, ensuring clarity in the distribution of benefits. Additionally, members desiring to nominate more beneficiaries than the form accommodates can do so by utilizing a supplementary form. The F131 form requires careful completion and notarization before submission, underscoring the significance of the information provided and the necessity for it to reflect the member’s current intentions regarding the disposition of their benefits.
| Question | Answer |
|---|---|
| Form Name | Nycers Form F131 |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | YYYY, affix, SSN, NYCERS |