New York Prs 2 Template

New York Prs 2 Template

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.

Fill Out New York Prs 2 Now

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.

Misconceptions

Understanding the New York PRS-2 form can be challenging. Here are seven common misconceptions that many people have about this important document:

  • All prior service is automatically credited. Many believe that any past service will automatically count towards their retirement benefits. In reality, you must actively claim this service using the PRS-2 form.
  • Verification forms are optional. Some individuals think that submitting verification forms is not necessary. However, unless the service has already been credited, a completed verification form is required.
  • Anyone can claim out-of-state teaching service. There is a misconception that all members can claim credit for out-of-state teaching. Only Tier 1 members can receive credit for up to ten years, while other tiers have restrictions.
  • Filing the PRS-2 form is only for retirees. Some may assume that this form is only relevant for those nearing retirement. In fact, it is essential for any member wishing to claim prior service, regardless of their retirement timeline.
  • There is no cost associated with claiming prior service. While it’s true for Tiers 1 and 2, other tiers incur costs based on the salary received during the service period. Understanding these fees is crucial.
  • Service from private schools is creditable. Many believe that service in private or parochial schools counts towards their retirement. Unfortunately, this is not the case; such service is not creditable.
  • All forms can be submitted at any time. Some think they can wait until retirement to submit the PRS-2 form. However, it must be submitted before your membership ceases or your retirement date approaches.

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.

Dos and Don'ts

Things to Do:

  • Review the instructions on the reverse side of the form before starting.
  • Fill out your personal information accurately, including your EmplID and Social Security number.
  • List all prior service you wish to claim, including the name of the employer and dates of service.
  • Sign and date the form to certify the information provided.
  • Submit the completed form before your retirement date or before your membership ceases.
  • Include the appropriate verification form if required for your prior service.

Things Not to Do:

  • Do not leave any required fields blank.
  • Do not forget to check whether the address provided is your permanent address.
  • Do not submit the form without verifying your eligibility for prior service credit.
  • Do not use outdated forms; ensure you have the latest version.
  • Do not assume that all prior service is automatically credited; verify as needed.
  • Do not wait until the last minute to submit your claim; allow time for processing.

Similar forms

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:

  • IRS Form 4506-T: This form allows taxpayers to request a transcript of their tax return. Like the PRS-2 form, it requires personal information and a declaration of past service or earnings. Both forms aim to verify past records for the purpose of benefits or credits.
  • Social Security Administration's Form SSA-7050: This form is used to request a record of earnings from the Social Security Administration. Similar to the PRS-2, it helps individuals prove their service history, which can be critical for retirement benefits.
  • CalSTRS Prior Service Request Form: Used by California State Teachers’ Retirement System members, this form allows individuals to claim prior service credit. Both the CalSTRS form and the PRS-2 require detailed information about previous employment and service dates.
  • New York State & Local Retirement System (NYSLRS) Service Credit Application: This application is for members of NYSLRS to claim service credit. It shares similarities with the PRS-2 form in that it also requires proof of prior service and includes a certification of non-receipt of benefits from other systems.

Understanding these documents can help ensure that you are adequately prepared when claiming prior service credits in various retirement systems.

Preview - New York Prs 2 Form

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

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%

 

interest per year on all service.

Tier 6

The cost is 6% of the salary received during the period of service plus 5%

 

interest per year on all service.

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.

Crucial Queries on This Form

  1. What is the purpose of the New York PRS-2 form?

    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.

  2. Who needs to complete the PRS-2 form?

    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.

  3. What information do I need to provide on the PRS-2 form?

    When filling out the PRS-2 form, you will need to provide several key pieces of information, including:

    • Your personal details, such as your name, Social Security number, and contact information.
    • The name of your former employer and your job title.
    • The dates of your prior service.
    • Any former names you may have used.

    Additionally, you must certify that you are not currently receiving benefits from another public retirement system for the service you are claiming.

  4. What are the eligibility requirements for claiming prior service?

    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.

  5. Is there a cost associated with claiming prior service?

    Whether there is a cost to claim prior service depends on your membership tier:

    • Tiers 1 and 2: No cost.
    • Tier 3: 3% of the salary received during the service period, plus 5% interest for service under a former Tier 3 membership.
    • Tier 4: 3% of the salary plus 5% interest.
    • Tier 5: 3.5% of the salary plus 5% interest.
    • Tier 6: 6% of the salary plus 5% interest.

    Understanding these costs is important, as they can impact your overall retirement benefits.

  6. What steps should I take after completing the PRS-2 form?

    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.

How to Write New York Prs 2

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.

  1. Begin by entering your Employee ID number in the designated space.
  2. Next, provide your Social Security Number. Make sure to format it correctly, using dashes as shown.
  3. Fill in your name by entering your first, middle (if applicable), and last names in the respective fields.
  4. If you have any former names, list them in the space provided.
  5. Enter your address, including street, city, state, and zip code.
  6. Indicate whether the address you provided is your permanent address by checking 'Yes' or 'No'.
  7. Provide your phone number in the specified format.
  8. State the name of your employer where you rendered prior service.
  9. List the state where your employer is located.
  10. Include your job title during your prior service.
  11. Fill in the dates of service you wish to claim.
  12. Answer the question regarding whether you were credited with the above service in another public retirement system by checking 'Yes' or 'No'.
  13. Respond to the question about current membership in another public retirement system in the same manner.
  14. If applicable, provide the name of the other system and your registration or ID number.
  15. Sign and date the form at the bottom, certifying that you are not currently receiving benefits from another public retirement system.

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.

Common mistakes

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.

Key takeaways

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:

  • The form must be signed and submitted before your retirement date or before your membership ceases.
  • Ensure you have at least two years of membership credit before you can purchase and be credited with any prior service.
  • List all prior service by location name and year on the front of the form.
  • Provide accurate personal information, including your Social Security number and contact details.
  • Check the box indicating whether the address provided is your permanent address.
  • Submit a completed verification form unless the service was previously credited to another membership.
  • Understand the costs associated with claiming prior service, which vary by membership tier.
  • Service from private or parochial schools, federal government, or armed forces dependent schools is not creditable.
  • If unsure about eligibility, it is advisable to file a claim for any uncredited service.

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.

Other PDF Templates

Document Attributes

Fact Name Description
Form Title The form is titled "Prior Service Claim" and is designated as PRS-2.
Governing Authority This form is governed by the New York State Teachers’ Retirement System (NYSTRS).
Submission Deadline The completed form must be submitted before retirement or before membership ceases.
Eligibility Criteria Members must have at least two years of membership credit to purchase prior service.
Cost Structure Costs vary by membership tier, with some tiers having no cost for crediting prior service.
Required Verification A completed verification form is necessary unless the service was previously credited.
Contact Information NYSTRS can be reached at 10 Corporate Woods Drive, Albany, NY 12211-2395.
Out-of-State Service Only Tier 1 members can receive credit for up to ten years of out-of-state teaching service.
Signature Requirement The claimant must sign the form certifying they are not receiving benefits from other systems.
Website Resources Additional forms and information can be found at www.nystrs.org.