Understanding the NYCERS F501 form is crucial for members who wish to ensure their wishes are respected regarding the post-retirement lump-sum death benefit. This form serves as a tool for nominating beneficiaries to receive this specific benefit after the member's demise. Detailed instructions guide members through designating primary and contingent beneficiaries, ensuring that if the primary beneficiary predeceases the member, the benefit will seamlessly transfer to the contingent beneficiary or, failing that, to the member's estate. This ensures the death benefit is paid according to the member's wishes. Completing the form involves providing personal details, beneficiary information, and an understanding of the implications of each choice. The need for this form to be acknowledged before a Notary Public or Commissioner of Deeds underscores its legal significance. By offering members the avenue to clearly outline their beneficiary designations, the NYCERS F501 form plays a pivotal role in post-retirement planning, aiming to bring peace of mind to members by ensuring their loved ones are cared for as intended.
Question | Answer |
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Form Name | NYCERS Form F501 |
Form Length | 2 pages |
Fillable? | Yes |
Fillable fields | 78 |
Avg. time to fill out | 16 min 10 sec |
Other names | death benefit from nycers, nycers beneficiary form, nycers post retirement lump sum death benefit, nycers death benefit |
NYCERS USE ONLY |
F501 |
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*501*
Designation of Beneficiary(ies)
This application is for those who wish to nominate a beneficiary(ies) to receive a
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Last 4 Digits of SSN |
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in Care of (if applicable) |
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I understand that at the time of my death after retirement, the
I, the undersigned, nominate as my beneficiary(ies) for the
First NameM.I. Last Name
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Full Social Security Number |
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If this beneficiary is a minor, check here and complete the |
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guardian information on Form 137 |
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First Name |
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M.I. |
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Last Name |
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Beneficiary |
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Full Social Security Number |
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If this beneficiary is a minor, check here and complete the |
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guardian information on Form 137 |
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01/08/13 |
Page 1 of 2 |
NYCERS USE ONLY |
F501 |
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Member Number OR |
Pension Number |
Last 4 Digits of SSN |
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If the foregoing Primary beneficiary(ies) should predecease me, I hereby nominate the following as Contingent beneficiary(ies) for the above
Beneficiary |
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M.I. |
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Last Name |
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Full Social Security Number |
Date of Birth |
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If this beneficiary is a minor, check here and complete the guardian information on Form 137
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I am nominating my Estate as my beneficiary for my
Should I survive all designated beneficiaries, the
Signature of Member |
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(Witnesses necessary only if mark is |
Witnessed by (1): |
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used for signature) |
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Witnessed by (2): |
This form must be acknowledged before a Notary Public or Commissioner of Deeds |
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County of |
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On this |
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day of |
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2 0 |
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, personally appeared |
before me the above named, |
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, to me known, and known to |
me to be the individual described in and who executed the foregoing instrument, and he or she acknowledged to me that he or she executed the same, and that the statements contained therein are true.
Signature of Notary Public or Commissioner of Deeds
Official Title
Expiration Date of Commission
Sign this form and have it notarized, THIS PAGE
01/08/13 |
Page 2 of 2 |