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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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NYC trs to NYS trs
DH was tier 4 in NYC and got a job this year on
LI. He just received a letter saying they want transfer his service credit until he is in two years? Everything I read says that it just transfers? Does anyone have experience?
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Posted 12/3/15 10:08 PM  |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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NYC trs to NYS trs
I think I might have answers my own question- NYC has to send the form and what is in his QPP is the payment. He asked his new district but they said they haven't had anyone actually get a job from the city ?? So they have no idea!
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| Posted 12/3/15 10:24 PM |
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LITeachTeach
LIF Infant
Member since 7/11 140 total posts
Name:
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NYC trs to NYS trs
you can call NYSTRS ... they are pretty knowledgeable. When your DH received a LI job and filled out NYSTRS sign-up he should have indicated he was current member of NYC TRS. Your DH has to file this form with NYC TRS and then it should be taken care of by the systems from there https://www.trsnyc.org/WebContent/tools/pdf/RW39.pdf The individual district he works for really has nothing to do with it; NYSTRS will tell them when transfer is complete.
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| Posted 12/8/15 11:03 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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NYC trs to NYS trs
Thanks so much!!
eta: do you know what happens with the contribution he is making right now? He should get that money back- correct?
Message edited 12/9/2015 2:37:04 PM.
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| Posted 12/9/15 2:33 PM |
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LITeachTeach
LIF Infant
Member since 7/11 140 total posts
Name:
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NYC trs to NYS trs
yes, he will receive any excess contributions in a refund check once transfer is complete. it may take over a year or two but it will happen. small price to pay for landing on LI!
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| Posted 12/12/15 3:13 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: NYC trs to NYS trs
Posted by LITeachTeach
yes, he will receive any excess contributions in a refund check once transfer is complete. it may take over a year or two but it will happen. small price to pay for landing on LI!
Oh that's good. Plus it's a forced savings so I don't mind!
It only took him 12 years to get a job on LI so there is hope for anyone!
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| Posted 12/13/15 6:42 PM |
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Buttafli1277
LIF Adult
Member since 8/05 2638 total posts
Name:
Jennifer
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Re: NYC trs to NYS trs
I was just wondering since he's going from NYC to LI does he lose his retirement yrs?
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| Posted 12/21/15 9:27 PM |
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LITeachTeach
LIF Infant
Member since 7/11 140 total posts
Name:
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NYC trs to NYS trs
No - the pension credit is fully transferable.
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| Posted 12/23/15 7:00 PM |
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