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Retirement System Membership – Special 20- and 25-Year Plans
… plan is listed in your Member Annual Statement, or you can contact us to verify your plan coverage. Members who joined before July … from a Special Plan You may withdraw your election to participate in a special plan after one year has passed. …
https://www.osc.ny.gov/retirement/publications/1517/retirement-system-membershipMandatory Membership – Membership and Enrollment
… for: Employees who work in full-time, permanent 12-month ERS positions. They must also earn at least the New York State’s minimum wage . The date of membership is the …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/mandatory-membershipAlternative and Out-of-Service Death Benefits – Special 20- and 25-Year Plans
… Alternative Death Benefit If you die in service after you are eligible to retire, an alternative …
https://www.osc.ny.gov/retirement/publications/1517/alternative-and-out-service-death-benefitsComparison of PFRS Benefits
… Below is a comparison of Police and Fire Retirement System (PFRS) benefits by … 2012 April 1, 2012 and after Vesting After earning 5 years of service credit. Employee Contributions None if employer … their plan’s minimum service requirement, regardless of age. Members in regular plans can retire with full …
https://www.osc.ny.gov/retirement/employers/comparison-pfrs-benefitsMore About This Retirement Plan – Special 20- and 25-Year Plans
… 20- and 25-year retirement plans. (There is no Tier 4 in PFRS.) These benefits are provided by Sections 384, 384-d … 8, 2010, you may not be covered by the benefits described in this publication, even if your employer has adopted and … will be covered under Article 14. The benefit information in this summary does not apply to you. View your Article 14 …
https://www.osc.ny.gov/retirement/publications/1517/more-about-retirement-plan20-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… Eligibility You will be eligible to retire with 20 or more years of creditable service, regardless of … benefit is not available to Tier 3 members. The Benefit With at least 20 years of creditable service, your pension … will be 50 percent of your FAE. If you retire at age 62, with less than 20 years of creditable service, you will …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dRequest for Withdrawal from Sections 384-d and 384-e (PF5466)
For NYSLRS PFRS members to withdraw election to contribute under the provisions of Section 384-d and 384-e of the Retirement and Social Security Law.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5466.pdfElection Form for 20 Year Retirement Plan Section 384-d (PF5117)
To elect membership under Section 384-d (if an employer has adopted it), which permits retirement after 20 years of creditable service, firefighters, police or officers of fire departments or police departments use form PF5117.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5117.pdfWithdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
… If you leave public employment with at least five, but less than … members can use our benefit calculator to estimate your pension using the “vested retirement” choice. You can also … Sign in to your Retirement Online account , go to the ‘My Account Summary’ area of your Account Homepage and click …
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membershipChallenging a Determination – Special 20- and 25-Year Plans
… Bureau or call us at 866-805-0990. … Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1517/challenging-determinationAccidental Disability – Special 20- and 25-Year Plans
… disability retirement must be submitted while you are in service or within two years of your discontinuance from service. The law defines “in service” as: Being paid on the payroll; or On an …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityStay Informed – Special 20- and 25-Year Plans
… help you and your beneficiaries achieve financial security in retirement or in the event of a disability or death. Use these tips to help … to review your benefits and conduct business with NYSLRS. In many cases, you’ll be able to use Retirement Online …
https://www.osc.ny.gov/retirement/publications/1517/stay-informedYour Membership Tier – Special 20- and 25-Year Plans
… When you join PFRS, you are assigned a tier based on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973, through …
https://www.osc.ny.gov/retirement/publications/1517/your-membership-tierApplying for Benefits – Special 20- and 25-Year Plans
… it must be submitted electronically through Retirement Online , or in the case of a paper application, received by … pension payment options and filing deadlines. Retirement Online is the fastest way to file for a service retirement. When you file online, you can upload retirement-related documents as you …
https://www.osc.ny.gov/retirement/publications/1517/applying-benefitsOrdinary Disability (Section 362) – Special 20- and 25-Year Plans
… you may be eligible for an ordinary disability retirement benefit. The Benefit If approved, your benefit will be the greater of: 1.66 percent of your FAE for …
https://www.osc.ny.gov/retirement/publications/1517/ordinary-disability-section-362Ending Your Membership – Special 20- and 25-Year Plans
… end: If you are not vested and you leave public employment for seven years (membership ends automatically); If you leave … in PFRS. … Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 and 6 members under Sections …
https://www.osc.ny.gov/retirement/publications/1517/ending-your-membershipContributing Toward Your Retirement – Special 20- and 25-Year Plans
… before submitting and speak to a tax advisor if you have questions. Tier 5 Members You must contribute 3 percent … retire, unless your plan limits creditable service to 20, 25 or 32 years.* In that case, you won’t contribute after the maximum …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementForms
… Consider using Retirement Online to reinstate an earlier tier of membership, transfer your membership, or withdraw from NYSLRS. Tier Reinstatement Application To reinstate a former …
https://www.osc.ny.gov/retirement/formsPerformance of Duty Disability – Special 20- and 25-Year Plans
… in Performance of Duty (RS6442) . You must also select a pension payment option for the payment of your disability … while receiving those benefits. … Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1517/performance-duty-disabilityDivorce – Special 20- and 25-Year Plans
… COLA. Any such division of your benefits must be stated in the form of a domestic relations order (DRO), which is a …
https://www.osc.ny.gov/retirement/publications/1517/divorce