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Determining the Ex-spouse's Share – Divorce and Your Benefits
… during the marriage (numerator) by total service credit at retirement (denominator). Then, that percentage is multiplied … = marital share Total service credit at time of retirement (denominator) 2. Marital share × 50% = ex-spouse’s … first calculates a hypothetical retirement benefit using salary and service as of the date specified, using pension …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareRetirement Estimates – Divorce and Your Benefits
… or accrued value of the benefits due to a member at retirement. Upon the member’s written request to NYSLRS’ … actuarial consultant, or use the Retirement Online benefit calculator or the Quick Calculator on our website for a …
https://www.osc.ny.gov/retirement/members/divorce/retirement-estimatesLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… Active service for this benefit means: You are paid on the payroll; You are on a leave of absence with pay; You are on … or within 90 days from the date you: Are last paid on the payroll; or Are last on an authorized medical leave for up to … service" is defined as while you are: Being paid on the payroll; or On an authorized medical leave of absence for up …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80Life Changes: Membership in a Nutshell
… enough how important it is for you to know how membership in the New York State and Local Retirement System (NYSLRS) … or stop voluntary contributions by filing the appropriate form with your payroll office. If you stop voluntary … amount, make additional payments or pay your loan in full at any time with no prepayment penalties. Retirement …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellClaims for Multiple Owners
… than one owner associated with it, which will be indicated in the Item Details section. You can submit a claim if: … to continue to Step 2 and then select the Mail-in Claim Form link. Complete the information requested on the Mail-in … the grantor is living and the power of attorney remains in full force and effect. If there is a death, divorce or other …
https://www.osc.ny.gov/unclaimed-funds/claimants/claims-multiple-ownersViolating the Terms of a DRO – Divorce and Your Benefits
… member failed to designate the ex-spouse as beneficiary for an available death benefit. Rev. 2/23 … NYSLRS pensions …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droLife Changes: Getting Your Affairs in Order and A Guide for Survivors
… Systems. This publication provides a general summary of membership benefits, rights and responsibilities, and is not …
https://www.osc.ny.gov/retirement/publications/getting-your-affairs-order-and-guide-survivorsRequired Documentation
… If you file a claim: online , you may receive an email asking for documentation to … too long since you moved. How to Submit Your Documentation Online Step 1. Prepare Requested Documents Scan or take a … page per single file upload. Step 2. Submit Your Documents Online Go to: Submit Your Documentation online service Enter …
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/divorceRetiree Annual Statement
… Generate Statement button. The document will download on to your computer. Get an Email Notification When Your … your personal information is secure. Use it when you call or write NYSLRS. Benefit Amount Base Benefit Your total … insurance programs . For questions about your coverage or rates: If you retired from a New York State agency, contact …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementCost-Saving Ideas: Monitoring Health Insurance Premiums for Retirees
… other things, the retirees may be: allowed a continuation of coverage for surviving spouses or certain other eligible persons for a period of time after the eligible retiree dies. required to … or their surviving spouses and dependents. An audit of 20 school districts revealed ten school districts who …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-monitoring-health-insurance-premiums-retireesYour 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.pdfState Agencies Events and Deadlines
… View important dates for events and deadlines for state payroll and financial officers …
https://www.osc.ny.gov/state-agencies/events-and-deadlinesYour 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.pdfTier 2, 3, 5 and 6 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Members who joined before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you … service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and meet the …
https://www.osc.ny.gov/retirement/publications/1511/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Career Plan
… by 3 percent each year you continue to be in service. It will not be reduced below 70 percent of the original …
https://www.osc.ny.gov/retirement/publications/1642/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – New Career Plan
… of retirement(10 percent of benefit at age 60): $18,000 … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Non-Contributory Plan with Guaranteed Benefits
… Members who joined before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you … service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and meet the …
https://www.osc.ny.gov/retirement/publications/1513/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan
… between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be … years of service, not to exceed three years of salary. For example, if you die after one year of service, your … with a salary of $60,000 $60,000 × 3 = $180,000 (reduction for working after age 60) − 10,800 (ordinary death …
https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefits