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Draft a DRO Using the NYSLRS Template – Divorce and Your Benefits
… will be given priority review. Draft a DRO proposal. When completing the DRO template, please be sure to fill in … are considered marital property and may be divided when a marriage ends Draft a DRO Overview and Instructions …
https://www.osc.ny.gov/retirement/members/divorce/draft-dro-using-nyslrs-templateLife Changes: A Guide for Retirees
… view and update beneficiaries and generate a pension verification letter. Learn more about Retirement Online . … your proof of date of birth or pension payment option form, or if you have a domestic relations order on file, your … such payments cannot exceed 65 percent of your disposable income. Federal Tax Liens If you owe back taxes, the Internal …
https://www.osc.ny.gov/retirement/publications/life-changes-guide-retireesDeath Benefits – Divorce and Your Benefits
… benefits is revoked following a divorce, annulment, or judicial separation, once NYSLRS receives written notice … of when the final decree of divorce, annulment or judicial separation was signed, unless a Domestic Relations … them after the date of the divorce, annulment, or judicial separation, or include the requirement in the DRO. …
https://www.osc.ny.gov/retirement/members/divorce/death-benefitsSubmitting a DRO – Divorce and Your Benefits
… the County Clerk, or an attorney’s certification pursuant to Civil Practice Law and Rules Section 2105. NYSLRS also … Submit the DRO and a copy of the judgment of divorce to: NYSLRS Matrimonial Bureau 110 State Street Mail Drop 7-9 Albany, NY 12244-0001 DROs can also be emailed to [email protected] or faxed to 518-473-0718. After receiving a …
https://www.osc.ny.gov/retirement/members/divorce/submitting-droDetermining the Ex-spouse's Share – Divorce and Your Benefits
… to New York State law, pension benefits earned during a marriage are marital assets subject to equitable distribution … the part of a member’s pension that was earned during the marriage. The Majauskas Formula The first step in the … percentage of the member’s pension was earned during the marriage (marital share) by dividing years of service credit …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareOverview – Divorce and Your Benefits
… on how benefits should be divided. It is important for members to understand the impact a DRO might have on … in this presentation is not intended to be a substitute for New York law or the rules and regulations governing …
https://www.osc.ny.gov/retirement/members/divorce/overviewRetirement Estimates – Divorce and Your Benefits
… actuarial consultant, or use the Retirement Online benefit calculator or the Quick Calculator on our website for a projection of anticipated …
https://www.osc.ny.gov/retirement/members/divorce/retirement-estimatesLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… service when earnings were highest. This is usually the last three years of employment. Payment for unused sick leave … job as the natural and proximate result of an on-the-job accident that was not due to your own willful negligence, you … for an accidental disability retirement benefit. Notice of Accident To be eligible for this benefit, you must file an …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80Life Changes: Membership in a Nutshell
… P. DiNapoli I cannot stress enough how important it is for you to know how membership in the New York State and Local … future and the future of your loved ones. Whether you are just joining NYSLRS or have been a member for a … years, this booklet will serve as a valuable resource to you. It will help you understand the benefits you are …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellViolating the Terms of a DRO – Divorce and Your Benefits
… will supersede any other designation. Problems can occur when a DRO is not on file at the time of a member’s … are considered marital property and may be divided when a marriage ends Guide to Domestic Relations Orders …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droLife Changes: Getting Your Affairs in Order and A Guide for Survivors
… after your death, be sure it’s noted on your driver’s license or carry an organ donation card in your wallet. … you’ll find that information on his or her driver’s license or private papers. Funeral home personnel can guide … We will ask you for his/her Social Security number and the date of death. We will also ask for a certified copy of the …
https://www.osc.ny.gov/retirement/publications/getting-your-affairs-order-and-guide-survivorsRequired Documentation
… online . Office of the State Comptroller Office of Unclaimed Funds 110 State Street Albany, New York 12236 After You've …
https://www.osc.ny.gov/unclaimed-funds/claimants/required-documentationDivorce – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 1 Members
NonContributory Plan with Guaranteed Benefits information for ERS Tier 1 members under Sections 75d and 75e Divorce
https://www.osc.ny.gov/retirement/publications/1502/divorceDivorce – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 2 Members
NonContributory Plan with Guaranteed Benefits information for ERS Tier 2 members under Sections 75d and 75e Divorce
https://www.osc.ny.gov/retirement/publications/1507/divorceCost-Saving Ideas: Monitoring Health Insurance Premiums for Retirees
… that have been reported to SSA. It’s available through the National Technical Information Service and may have an … useful sources include reading the local obituaries each day, family notification, uncashed Medicare reimbursement … since their death. Resources US Department of Commerce: National Technical Information Service 1 In some cases, …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-monitoring-health-insurance-premiums-retireesAnnual Statement
… Statement: Sign in to Retirement Online . Look under My Account Summary . Click View My Retiree Annual Statement … Retirement Online Tools and Tips If you don’t have an account or for help signing in to an existing account, check … Information . Click update next to address, email or phone number. Enter your updated information (overwrite any …
https://www.osc.ny.gov/retirement/retirees/annual-statementYour Retirement Benefits: Employees' Retirement System
Description of the New York State and Local Retirement System (NYSLRS) benefits for Employees' Retirement System (ERS) members.
https://www.osc.ny.gov/files/retirement/publications/pdf/1835-retirement-benefits-book.pdfYour Retirement Benefits: Police and Fire Retirement System
Description of the New York State and Local Retirement System (NYSLRS) benefits for Police and Fire Retirement System (PFRS) members.
https://www.osc.ny.gov/files/retirement/publications/pdf/1829-pfrs-benefits-book.pdfYour Membership and Benefits
… its important to understand how your membership works and what benefits you are entitled to receive …
https://www.osc.ny.gov/retirement/members/your-membership-and-benefitsTier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan
… retirement(50 percent of ordinary death benefit): $84,600 2nd year of retirement(25 percent of ordinary death benefit): $42,300 After 2nd year of retirement(10 percent of benefit at age 60): …
https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefits