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Examples – Article 14 Benefits
… Example: A member joins at age 22 and has ten years of service credit when he or she leaves public … not be reduced. Example: A member joins at age 40 and has ten years of service credit when he or she leaves public … age of 60). Example: A member joins at age 41 and has ten years of service credit when he or she leaves public …
https://www.osc.ny.gov/retirement/publications/1644/examplesVested Retirement Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit at the earliest possible date, file a retirement application within 90 days before you become eligible. If we receive your retirement application after you become eligible, your vested retirement will be effective on the date the application is received. Remember, it is up to you to file a …
https://www.osc.ny.gov/retirement/publications/1511/vested-retirement-benefitOpinion 2002-2
… To implement that feature, a service award program may permit a participant to waive voluntarily the right to begin … award program, however, should not be structured so as to permit a participant to begin receiving payment of his or her … a service award program for volunteer firefighters may permit a participant to earn service credit after attaining …
https://www.osc.ny.gov/legal-opinions/opinion-2002-2Opinion 2002-2
… To implement that feature, a service award program may permit a participant to waive voluntarily the right to begin … award program, however, should not be structured so as to permit a participant to begin receiving payment of his or her … a service award program for volunteer firefighters may permit a participant to earn service credit after attaining …
https://www.osc.ny.gov/legal-opinions/opinion-2002-2-0Eligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public … Benefit The vested benefit equals 2.1 percent of your FAS for each year of service. If you choose to begin receiving … will be reduced by the percentages shown: 6.67 percent for each year your early retirement age exceeds 60; and 3.33 …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a 371a and 375 Becoming Eligible for a Benefit …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitAbout Benefit Reductions
NYSLRS members in most retirement plans can retire as early as age 55 however your pension may be permanently reduced
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsRetiring Before Age 62 – New Career Plan for ERS Tier 2 Members
… New Career Plan information for ERS Tier 2 members covered by Sections 75h and 75i Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1509/retiring-age-62Retiring Before Age 62 – Career Plan for ERS Tier 2 Members
Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g Retiring Before Age 62
https://www.osc.ny.gov/retirement/publications/1508/retiring-age-62Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 2 Members
… for ERS Tier 2 members under Section 75c Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1507/retiring-age-62The Age 55 Plan – Basic Plan for ERS Tier 1 Members
… for ERS Tier 1 members under Sections 70a 71a and 75 The Age 55 Plan …
https://www.osc.ny.gov/retirement/publications/1500/age-55-planThe Age 60 Plan – Basic Plan for ERS Tier 1 Members
… Basic Plan information for ERS Tier 1 members under Sections 70a 71a and 75 The Age 60 Plan …
https://www.osc.ny.gov/retirement/publications/1500/age-60-planThe Age 55 Plan – Basic Plan for ERS Tier 2 Members
… for ERS Tier 2 members under Sections 70a 71a and 75 The Age 55 Plan …
https://www.osc.ny.gov/retirement/publications/1505/age-55-planThe Age 60 Plan – Basic Plan for ERS Tier 2 Members
… for ERS Tier 2 members under Sections 70a 71a and 75 The Age 60 Plan …
https://www.osc.ny.gov/retirement/publications/1505/age-60-planRetiring Before Age 62 – Non-Contributory Plan for ERS Tier 2 Members
NonContributory Plan information for ERS Tier 2 members under Section 75c Retiring Before Age 62
https://www.osc.ny.gov/retirement/publications/1506/retiring-age-62Retiring Before Age 62 – Career Plan
… 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does not end when you turn 62. …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Retiring Before Age 62 – Coordinated Plan For ERS Tier 5 Members
… for ERS Tier 5 members under Article 15 Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1523/retiring-age-62Retiring Before Age 62 – Coordinated Plan For ERS Tier 3 and 4 Members
… ERS Tier 3 and 4 members under Articles 14 and 15 Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1522/retiring-age-62Retiring Before Age 62 – Police and Fire Plan
… 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does not end when you turn 62. …
https://www.osc.ny.gov/retirement/publications/1512/retiring-age-62Retiring Before Age 62 – New Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 375h and 375i Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1515/retiring-age-62