NYCERS Form F501 PDF Details

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.

QuestionAnswer
Form NameNYCERS Form F501
Form Length2 pages
Fillable?Yes
Fillable fields78
Avg. time to fill out16 min 10 sec
Other namesdeath benefit from nycers, nycers beneficiary form, nycers post retirement lump sum death benefit, nycers death benefit

Form Preview Example

NYCERS USE ONLY

F501

 

*501*

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. If the designated Primary Beneficiary(ies) predeceases you, the lump-sum payment will be paid to your designated Contingent Beneficiary(ies). If none exists, the lump-sum benefit will be paid to your estate. Should you have any questions, please contact our Call Center at 347-643-3000.

Member Number OR

Pension Number

 

Last 4 Digits of SSN

 

Phone Number

 

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

First Name

 

M.I.

 

Last Name

 

 

 

 

 

 

 

 

 

 

 

 

 

in Care of (if applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

Apt. Number

 

 

 

 

 

 

 

 

 

City

 

 

 

 

State

 

Zip Code

 

 

 

 

 

 

 

 

 

I understand that at the time of my death after retirement, the lump-sum death benefit will be paid to my surviving designated Primary Beneficiary(ies). If the designated Primary Beneficiary(ies) predeceases me, the lump-sum death benefit will be paid to my designated Contingent Beneficiary(ies). If none exists, the lump-sum death benefit will be paid to my estate.

I, the undersigned, nominate as my beneficiary(ies) for the lump-sum death benefit payable on my death after retirement:

First NameM.I. Last Name

Beneficiary

 

 

 

 

 

 

 

Full Social Security Number

Date of Birth

[MM/DD/YYYY]

 

 

 

 

/

 

 

/

 

 

 

Address

 

 

 

 

 

Primary

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If this beneficiary is a minor, check here and complete the

 

 

 

 

 

 

 

 

guardian information on Form 137

 

 

 

 

 

 

 

First Name

 

 

M.I.

 

Last Name

Beneficiary

 

Full Social Security Number

Date of Birth

 

 

 

 

 

[MM/DD/YYYY]

 

 

 

 

 

/

 

 

/

 

 

 

Address

 

 

 

 

 

Primary

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If this beneficiary is a minor, check here and complete the

 

 

 

 

 

 

 

 

guardian information on Form 137

 

 

 

 

 

Relationship

Apt. Number

 

State

Zip Code

 

 

 

%

 

Percentage

 

 

 

 

 

 

 

 

 

Relationship

Apt. Number

 

State

Zip Code

 

 

 

%

 

Percentage

 

 

 

 

 

 

 

 

 

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If you have an official seal, affix it

NYCERS USE ONLY

F501

 

Member Number OR

Pension Number

Last 4 Digits of SSN

 

 

 

 

 

 

 

 

 

If the foregoing Primary beneficiary(ies) should predecease me, I hereby nominate the following as Contingent beneficiary(ies) for the above Post-Retirement Lump-Sum Death Benefit.

Beneficiary

 

First Name

 

 

M.I.

 

Last Name

 

Full Social Security Number

Date of Birth

 

 

 

 

 

[MM/DD/YYYY]

 

 

 

 

 

/

 

 

/

 

Contingent

 

Address

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If this beneficiary is a minor, check here and complete the guardian information on Form 137

Relationship

Apt. Number

 

State

Zip Code

 

 

 

%

 

Percentage

 

 

 

 

 

 

 

 

 

I am nominating my Estate as my beneficiary for my post-retirement lump-sum death benefit. I understand that in order for this selection to be valid I may not write in any other beneficiary's name on this form, and I have, in fact, left all other designation of beneficiary sections on this form blank.

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

 

 

 

 

(Witnesses necessary only if mark is

Witnessed by (1):

 

used for signature)

 

 

Witnessed by (2):

This form must be acknowledged before a Notary Public or Commissioner of Deeds

State of

 

County of

 

 

On this

 

day of

 

 

2 0

 

, personally appeared

before me the above named,

 

 

 

 

 

 

, 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

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