The New York PRS 2 form is a document used by members of the New York State Teachers’ Retirement System to claim credit for prior service rendered before their current membership date. This form is essential for those who wish to ensure that their previous employment is recognized in their retirement calculations. Completing the PRS 2 form accurately is crucial for obtaining the benefits you may be entitled to based on your prior teaching or public service.
The New York PRS-2 form is an essential document for individuals seeking to claim credit for prior service in the New York State Teachers’ Retirement System (NYSTRS). This form allows members to formally request recognition of their past employment in public education, whether it be full-time, part-time, or substitute teaching, within New York State or New York City. The process requires individuals to provide personal details such as their name, Social Security number, and employment history, including the name of the employer, job title, and dates of service. It is crucial to note that a completed verification form must accompany the PRS-2 unless the service has already been credited to a previous membership. Members are also required to certify that they are not currently receiving benefits from any other public retirement system for the claimed service. The form outlines specific instructions regarding eligibility criteria, which vary based on membership tiers, as well as potential costs associated with claiming prior service. Understanding these aspects is vital for ensuring that all eligible service is accurately credited, which can significantly impact retirement benefits and eligibility.
Understanding the New York PRS-2 form can be challenging. Here are seven common misconceptions that many people have about this important document:
Clarifying these misconceptions can help ensure that individuals receive the retirement benefits they deserve. Always refer to official resources or consult with a retirement system representative for the most accurate information.
Things to Do:
Things Not to Do:
The New York PRS-2 form is designed for individuals wishing to claim prior service credit in the New York State Teachers’ Retirement System. Several other documents serve similar purposes in different contexts or retirement systems. Here’s a look at four of them:
Understanding these documents can help ensure that you are adequately prepared when claiming prior service credits in various retirement systems.
PRS-2 (4/12)
NY
NEW YORK STATE TEACHERS’ RETIREMENT SYSTEM
STRS
10 Corporate Woods Drive, Albany, NY 12211-2395
PRIOR SERVICE CLAIM
Please review the instructions on the reverse before completing this form.
OFFICE SERVICES ONLY
EmplID #
Social Security #
-
NAME
(First)
(Middle)
(Last)
FORMER NAME(S)
ADDRESS
(Street)
(City)
(State)
(Zip Code)
Is this address your PERMANENT address to be used by the System?
Yes
No
PHONE NUMBER: (
)
I wish to claim credit in the New York State Teachers’ Retirement System for the service listed below and any other service which I am eligible to claim. I have rendered such service prior to my current membership date and desire to have it credited when I have fulfilled the statutory requirements.
NAME OF EMPLOYER
STATE
JOB TITLE
DATES OF SERVICE
PLEASE NOTE: It is necessary to submit a completed Veriication form unless the service indicated above was previously credited to a former membership at NYSTRS or New York State & Local Retirement System. The appropriate veriication
form(s) (PRS-3 through PRS-3.5) can be found on our Web site (www.nystrs.org).
1.
Were you credited with the above service in another public retirement system? YES
NO
2.
Are you presently a member of another public retirement system? YES NO
3.
If a member, or former member, please state name of system and registration/ID number:
____________________________________________________________________
I hereby certify that I am not now receiving a benefit and will not be entitled to receive a benefit at any future time from another public retirement system, in this State, in any other state or from the Federal Government on account of any of the above service.
_________________________________________________ _________________________________
Signature of Claimant
Date
INSTRUCTIONS FOR CLAIMING CREDIT FOR SERVICE RENDERED
BEFORE YOUR CURRENT DATE OF MEMBERSHIP (PRIOR SERVICE)
1.PRIOR SERVICE CLAIM
List by location name and year on the front of this form all prior service you wish to claim.
THIS FORM MUST BE SIGNED AND RETURNED TO THE SYSTEM BEFORE YOUR DATE OF RETIREMENT OR BEFORE THE DATE YOUR MEMBERSHIP CEASES. Additionally, you must be credited with
a minimum of two years of membership credit before you may purchase (if applicable) and be credited with any prior service for which you are eligible.
2.MEMBERSHIP TIERS
Tier
Dates Last Joined
1
Before 7/1/1973
4
9/1/1983 - 12/31/2009
2
7/1/1973 - 7/26/1976
5
1/1/2010 - 3/31/12
3
7/27/1976 - 8/31/1983
6
On or after 4/1/12
3.ALLOWABLE PRIOR SERVICE
NYS and NYC Public and Teaching Service: Members of ALL tiers may receive credit for NYS public and teaching service (full-time, part-time, or substitute work), including NYC, if such service was credited or would have been creditable in any NYS or NYC public retirement system at the time the
service was rendered.
Out-of-State Teaching Service:
Tier 1
Members may receive credit for up to ten years of teaching in out-of-state
public schools or state-supported colleges.
Tier 2
Members may receive credit for out-of-state public teaching service only
if this service was credited to a former Tier 1 membership in TRS.
Tiers 3 – 6
Members cannot receive credit for out-of-state teaching service.
4. COST
Tiers 1 and 2
There is no cost to have prior service credited.
Tier 3
The cost is 3% of the salary received during the period of the service.
Interest of 5% per year is charged only on service rendered under a
former Tier 3 membership.
Tier 4
The cost is 3% of the salary received during the period of service plus 5%
interest per year on all service.
Tier 5
The cost is 3.5% of the salary received during the period of service plus 5%
Tier 6
The cost is 6% of the salary received during the period of service plus 5%
FService for private or parochial schools, for the federal government or in armed forces dependent schools is not creditable in our System under any tier.
FService credit can affect your eligibility for, and the calculation of, your benefits. It may also affect the point at which Tier 4 members are eligible to cease making mandatory member contributions. If you are unsure about your prior service eligibility, you should file a claim for service not already credited to your membership.
FIn addition to filing this form with NYSTRS, you must send the applicable verification form to your former employer to complete and return to NYSTRS. The various verification forms (e.g., for NYS teaching; or other NYS public employment) are available on our Web site at www.nystrs.org/main/forms/prior-service.htm, or may be ordered through our Hotline at (800) 782-0289.
The New York PRS-2 form is used to claim credit for prior service rendered before a member's current membership date in the New York State Teachers’ Retirement System (NYSTRS). It allows individuals to request recognition of their past employment in public education or other qualifying positions, which can contribute to their retirement benefits.
Anyone who has previously worked in a qualifying public education role and wishes to receive credit for that service must complete the PRS-2 form. This includes individuals who have worked in New York State or New York City public schools, as well as certain out-of-state teaching positions, depending on their membership tier.
When filling out the PRS-2 form, you will need to provide several key pieces of information, including:
Additionally, you must certify that you are not currently receiving benefits from another public retirement system for the service you are claiming.
To be eligible to claim prior service, you must have a minimum of two years of membership credit in the NYSTRS. The service you wish to claim must also have been rendered before your current membership date. Certain types of service, such as that in private or parochial schools, or federal employment, do not qualify for credit.
Whether there is a cost to claim prior service depends on your membership tier:
Understanding these costs is important, as they can impact your overall retirement benefits.
After completing the PRS-2 form, you should ensure that it is signed and submitted to the NYSTRS before your retirement date or before your membership ceases. You will also need to submit any required verification forms related to your prior service. These forms must be completed by your former employer and sent back to NYSTRS. It’s advisable to check the NYSTRS website for the appropriate verification forms and instructions.
Completing the New York PRS 2 form is a straightforward process that requires careful attention to detail. This form is essential for individuals seeking to claim credit for prior service in the New York State Teachers' Retirement System. Before you begin, ensure you have all necessary information at hand, including your employment history and personal details. Follow these steps to fill out the form accurately.
Once you have completed the form, review it to ensure all information is accurate and complete. After verification, submit the form to the New York State Teachers’ Retirement System along with any required verification forms from your previous employers. This step is crucial for processing your claim effectively.
When filling out the New York PRS-2 form, one common mistake is failing to provide complete and accurate personal information. Individuals often overlook the importance of including their full name, Social Security number, and contact details. Missing or incorrect information can lead to delays in processing the claim. It is crucial to double-check that all fields are filled out correctly before submission.
Another frequent error is neglecting to sign and date the form. The certification at the end of the form is essential. Without a signature, the claim may be considered invalid. Additionally, the date is important to establish the timeline of the claim. Ensure that both the signature and date are present to avoid unnecessary complications.
Many applicants also fail to submit the required verification forms. The PRS-2 form clearly states that a completed verification form is necessary unless the service has already been credited. Not providing this documentation can result in the rejection of the claim. It is advisable to check the requirements carefully and include all necessary forms to support the claim.
Lastly, individuals often misunderstand the eligibility criteria for prior service credit. Some may mistakenly believe that all types of service qualify for credit, including private or parochial school experience. However, the form specifies that only certain types of service are eligible. Familiarizing oneself with the guidelines outlined in the instructions can help prevent confusion and ensure that only qualifying service is claimed.
Filling out the New York PRS-2 form is an important step for teachers seeking to claim prior service credit. Here are some key takeaways to consider:
Taking these steps can help ensure that your prior service is accurately credited, which is crucial for your retirement benefits. If you have any questions, consider reaching out to the New York State Teachers’ Retirement System for assistance.
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