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Comparison of PFRS Benefits

…   Below is a comparison of Police and Fire Retirement System (PFRS) … Contributions. Retirement Age Members in special plans can retire after completing their plan’s minimum service … for accumulated vacation Earnings above the Governor’s salary Earnings reported by more than your primary and …

Becoming Eligible for a Benefit – Article 14 Benefits

… even if you discontinue your public employment. Vesting is automatic — you do not have to fill out any paperwork or … age or when you reach age 55. Your early retirement age is the age at which you would have completed 20 years of …

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

… You may retire at any age after completing 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having served 25 years as an En-Con police …

Becoming Eligible for a Benefit – Police and Fire Plan

… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … payroll may collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, …

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

… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. …

Becoming Eligible for a Benefit – New Career Plan

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

… service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … employment. 1 Tiers 1, 2, 3 and 5 If you are covered by the Age 60 Retirement Plan, you can begin receiving your … benefit when you reach age 60. If you are covered by the Age 55 Retirement Plan, you can begin receiving your …

Becoming Eligible for a Benefit – Regional State Park Police Plan

… payroll may collected a  vested retirement benefit  at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your …

Comparison of ERS Benefits

… subject to limitations. FAE Limitation The earnings in any year cannot exceed the average of the previous two years by … FAE calculation. The limit increases by 3% each calendar year (January 1 – December 31). See Overtime Limits for Tier … in the FAE calculation. The limit increases each calendar year (January 1 – December 31) based on the consumer price …

Are You Vested? And What It Means

… you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements … your tier and retirement plan,  sign into your Retirement Online account and go to the 'My Account Summary' section. … Most members in Tier 1, 2, 3 and 4 can also use our “Quick Calculator,” which will estimate your pension based on …

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

Basic Plan with Increased TakeHome Pay information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 370a 371a and 375 The Age 60 Plan

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

… service credit under this plan earned after July 1, 1973. If you are a Tier 2, 3, 5 or 6 member with five or more years … of 55 and 62 with a reduced benefit. 1 Regardless of tier, if you work for an employer that offers a special retirement … first day of the month following your 70th birthday, even if you have not elected the special plan. The Benefit If you …

Eligibility, the Benefit and Filing – Police and Fire Plan

… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members:  You must have at least five years of service credit. You are eligible to retire with full … a reduced benefit between ages 55 and 62. 1 Regardless of tier, if you work for an employer that offers a special …

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

… retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. … retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. 1 … (RS6037)  must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …

Eligibility, the Benefit and Filing – New Career Plan

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

Eligibility, the Benefit and Filing – Career Plan

… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at … of service credit after July 1, 1973. You are eligible to retire with full benefits at age 62, or may choose early … at least five years of service credit. You are eligible to retire with full benefits at age 62, or may choose early …

State Agencies Bulletin No. 1256

… the investments in their accounts throughout their careers, thus each participant needs to select available …

Service Retirement Benefit – En-Con Police Officers Plan

… You may retire at any age after completing 25 years of En-Con police service, or you may qualify for a service … as an En-Con police officer. The Benefit With 25 years of creditable service, your benefit will equal 1/50th (2 percent) of your FAS for each year of En-Con police service. For each …

Service Retirement Benefit – State Police Plan

… State Police officers must retire by the last day of the year in which their 60th birthday occurs. You must file an … of your FAE; plus 1.66 percent of your FAE for each year of creditable service beyond 20 years. The benefit for …