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NYCERS ‘maximum’ pension option is deceitful, critics say

Choice given retirees is disingenuous, former agency official says

BY RICHARD KHAVKINE
Posted 10/21/22

In January, the New York City Employees’ Retirement System added a pension option to its application for retirement and disability benefits. 

The new option, now the first of four listed on the application, allows the retiree to temporarily choose what’s called the “maximum retirement allowance” until a final pension package is determined some months later. 

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