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NYPD Retirement Lessons

Eight lessons on the retirement decisions you’ll face as an NYPD officer, in about the order they come up. Seven are up now, free to read.

  1. Lesson 1: Which tier you’re inYour appointment date sets it: before July 1, 2009 is Tier 2, on or after is Tier 3. What changes between the two.
  2. Lesson 2: How your final salary is figuredTier 2 hires from July 2000 to June 2009 who retire on or after September 28, 2026 get the highest of three salary figures under Chapter 312.
  3. Lesson 3: Go at 20 or stayWhat each year past 20 adds to your pension in Tier 2 and Tier 3, and the break-even on staying.
  4. Lesson 4: Pension loansWhy a loan you paid back can still cost you, and what the shortage, excess and final withdrawal lines on your statement mean.
  5. Lesson 5: Retiree healthComing soon.
  6. Lesson 6: Your payout choiceEvery NYPD pension option and what each one pays a survivor, Tier 2 and Tier 3 side by side.
  7. Lesson 7: Your 457 and other moneyWhy your 457(b) generally has no 10% early withdrawal penalty, and how rolling it to an IRA can lose that.
  8. Lesson 8: Risk and how we investA two-minute quiz that shows which of our five portfolio models fits how much risk you’re comfortable with.

Prefer to watch? See the NYPD Retirement Lessons playlist on YouTube.

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Educational only. Not investment advice. Sirmium Capital LLC is a New York state-registered investment adviser and is not registered with the SEC. Confirm every figure and date with the New York City Police Pension Fund before acting.