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Comparison of PFRS Benefits

…   Below is a comparison of Police and Fire Retirement System (PFRS) benefits by tier.  Tier 2 Tier 3 … plan. Article 14: 3% for 25 years or until retirement, whichever is earlier. 3% until retirement unless … two years by more than 10%. Payments Not Included in FAE Tiers 2 – 6:  Unused sick leave  Payments made as a result of …

Becoming Eligible for a Benefit – Article 14 Benefits

… credit. The amount of your vested benefit will be based on your service, age at retirement and the salary you earned …

Becoming Eligible for a Benefit – En-Con Police Officers Plan

… at age 63. The amount of your vested benefit is based on your service, age at retirement and the salary you earned …

Becoming Eligible for a Benefit – Police and Fire Plan

… at age 63. The amount of your vested benefit is based on your service, age at retirement and the salary you earned …

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

… Once you have accrued five years of credited service, you will be vested. This means you have … collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, age at …

Becoming Eligible for a Benefit – Career Plan

… benefit.   1 Updated 10/22 … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by Article 11 Sections 375h and 375i Becoming Eligible for a Benefit …

Becoming Eligible for a Benefit – New Career Plan

Becoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… reach age 55. The amount of your vested benefit is based on your service, age at retirement and the salary you earned …

Becoming Eligible for a Benefit – Regional State Park Police Plan

… at age 63. The amount of your vested benefit is based on your service and salary you earned when you were an active …

Comparison of ERS Benefits

…   Below is a comparison of Employees’ Retirement System (ERS) benefits by tier.  Tiers 3 & 4 Tier 5 Tier 6 Membership Dates Tier 3: July 27, … are limited to 30 years). See Tier 6 Member Contributions. Retirement Age Full benefits at age 62. Retire as early as …

Are You Vested? And What It Means

… requirements established by your retirement plan. Vesting is automatic; you do not have to fill out any paperwork to become vested. Tier 1, 2, 3 or 4 members who have at least five years of credited service are vested. …

The Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… you work for an employer that offers a special retirement plan, you must retire by the first day of the month following … If you are eligible to receive a full benefit, your pension will equal: 1/140th (.71 percent) of your FAS for … prior service credit; and An annuity based on your annuity savings contributions, plus interest. Tier 2, 3, 5 and 6 …

The Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… and have five or more years of service credit under this plan earned after July 1, 1973. If you are a Tier 2, 3, 5 or … you work for an employer that offers a special retirement plan, you must retire by the first day of the month following …

Eligibility, the Benefit and Filing – Police and Fire Plan

… 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at least five years of service … early retirement with a reduced benefit between ages 55 and 62. Tier 5 and 6 Members:  You must have at least five years of service …

Eligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits

… of your FAS for each year of service credit earned on or after April 1, 1960; and 1/60th (1.66 percent) of your … to Tier 2, 3, 5 and 6 members is the benefit payable on completion of 32 years of service. Filing Your Application for Service Retirement (RS6037)  must be on file with the Office of the State Comptroller at least 15 …

Eligibility, the Benefit and Filing – New Career Plan

… between ages 55 and 62. 1 Regardless of tier, if you work for an employer that offers a special plan (that allows … your benefit will be 1/50th (2 percent) of your FAS for each year of service credit. With less than 20 years of … your benefit will be 1/60th (1.66 percent) of your FAS for each year of service credit. If you made voluntary …

Eligibility, the Benefit and Filing – Career Plan

… with a reduced benefit between ages 55 and 62. 1 For all tiers, if you recently changed employers, you may be … benefit payable upon completion of 30 years of service.) Filing Your  Application for Service Retirement (RS6037) … on which your retirement will occur. The 15-day filing requirement is waived if you are over age 70 at retirement.   …

State Agencies Bulletin No. 1256

… into law, and amends portions of the Retirement and Social Security Law, Education Law and the Administrative … Program providing operational support and other fiduciary services. The VDCP is a defined contribution plan, which is a … prior. A future payroll bulletin will provide additional information about the future contribution rate based on the …

Service Retirement Benefit – En-Con Police Officers Plan

… an additional 1/60th (1.66 percent) of your FAS, up to a maximum of 15 years for Tier 1 members and seven years … 25 years of service, you will receive a benefit equal to 1/50th (2 percent) of your FAS for each year of En-Con …

Service Retirement Benefit – State Police Plan

… Police officers must retire by the last day of the year in which their 60th birthday occurs. You must file an Application for Service Retirement to receive benefits even if you are … exceed 50 percent of your FAE. You are also eligible for this calculation if you were employed by the Division of …