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Credit for Previous or Military Service – Regional State Park Police Plan
… your previous public employment or military service. It is very important that you claim all the service credit you … benefits under your special plan. Contact us to verify what service would be creditable. Prior Service Prior service … and the cost, if any, please send us a copy of your Certificate of Release or Discharge from Active Duty (DD-214) …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-servicePayment for Service Credit – Article 14 Benefits
… Service Costs: You joined the Retirement System on July 13, 2009, but your employer did not begin taking … 3, 2009. You would then need to make payments for July 13th through August 3rd. … Article 14 information for PFRS …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditCredit for Previous or Military Service – Non-Contributory Plan with Guaranteed Benefits
… your Certificate of Release or Discharge from Active Duty (DD-214) . Service From a Previous Membership If you …
https://www.osc.ny.gov/retirement/publications/1513/credit-previous-or-military-serviceRetirement System Membership – Special 20- and 25-Year Plans
… membership in the New York State and Local Police and Fire Retirement System (PFRS) is mandatory. Employers are … plan (Section 384-d), if your employer has adopted it. Withdrawing from a Special Plan You may withdraw your …
https://www.osc.ny.gov/retirement/publications/1517/retirement-system-membershipAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Social Security Law (RSSL), you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, you must retire directly from public … your unused sick leave at retirement cannot be used to: Qualify for vesting. For example, if you have four years and …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jUnderstanding Your GASB Report – Governmental Accounting Standards Board
… website . Deferred Inflows An acquisition of net assets by the government, which is applicable to a future reporting … single rate (expressed as a percentage), which reflects (1) the long-term expected rate of return on pension plan … Indexed Present Value of Future Compensation (IPVFC) divided by the pension plan’s IPVFC. It is equal to the …
https://www.osc.ny.gov/retirement/employers/gasb/understanding-your-gasb-reportService Retirement Benefit – Regional State Park Police 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 … of service, you will receive a retirement benefit equal to 1/50th (2 percent) of your FAS for each year of regional …
https://www.osc.ny.gov/retirement/publications/1867/service-retirement-benefitOverview – Membership and Enrollment
… a lifetime defined pension benefit . New members will lock in the benefits of Tier 6. Other advantages of … Death benefits; Service retirement; Disability retirement for both on-the-job and non-job-related disabilities; … the Retirement System plus interest (the current interest rate is 5 percent), or they can roll over this money into …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/overviewForms
… and easiest way to apply for a NYSLRS loan . You can see how much you are eligible to borrow, what the repayment … to read all pages, complete the form in its entirety, have it notarized and mail the original to NYSLRS. We do not … received before your date of retirement. This beneficiary does not have to be the same as the retirement option …
https://www.osc.ny.gov/retirement/formsEmployer E-News Archive — 2024
… Retirement System member and retiree news. December 2024 Reminder: Annual Invoice Prepayment Deadline is December … on Time Set Up Your Enhanced Reporting Transition Plan Today More Than 2,100 Employers Have Already Made the Switch … More Than 2,100 Employers Have Already Made the Switch October 2024 Make Payments Faster and Easier with ACH Ensure …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2024Partial Lump Sum Payment – En-Con Police Officers Plan
… To be eligible to choose a partial lump sum payment (PLS), you must: Retire under a special 20- or 25-year plan; … When you file for retirement, if you are eligible for PLS, we will send you a special Option Election Form so you can choose a PLS payment along with the standard retirement option you …
https://www.osc.ny.gov/retirement/publications/1822/partial-lump-sum-paymentApplying for Previous or Military Service Credit – Regional State Park Police Plan
… Services Bureau. Please include as much information as you can about the period of employment for which you are … If there is a cost, it will be less expensive than if you wait to purchase it at a later date. Your retirement benefit …
https://www.osc.ny.gov/retirement/publications/1867/applying-previous-or-military-service-creditService Credit for Tiers 2 through 6
… A Message from Comptroller Thomas P. DiNapoli When you … It determines when you are entitled to a pension even if you leave public service before you are eligible to retire … cost is 3% of gross earnings plus interest to the date of payment. For Tier 6 members, the cost is 6% of gross earnings …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6Cost-of-Living Adjustment – En-Con Police Officers Plan
… requirements, including age and number of years retired, your retirement benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 percent or more than 3 percent of your …
https://www.osc.ny.gov/retirement/publications/1822/cost-living-adjustmentStraight Talk About Financial Planning For Your Retirement
Your pension benefit is only part of a good financial plan. This publication includes information about NYSLRS benefits as well as financial planning tips.
https://www.osc.ny.gov/files/retirement/publications/pdf/1845-financial-planning.pdfDirect Deposit Program
… financial institutions or accounts will affect whether you receive your monthly pension benefit. If anything … have your joint account holder sign the form. It’s best to do this in advance so you can upload the completed form while … you will receive a paper check which will be mailed to the address we have on file for you. Checks are mailed on the …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programWorld Trade Center Presumption – Police and Fire Plan
… condition. There are specific eligibility requirements and filing deadlines that must be met for these benefits. For more …
https://www.osc.ny.gov/retirement/publications/1512/world-trade-center-presumptionHow to Report Days Worked – Legacy Reporting
… The number of days worked you report for your employees has a direct impact on their retirement benefits. We use days worked to determine service credit, which is the basis for benefit …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/how-report-days-workedBorrowing Against Your Contributions – 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 Borrowing Against Your Contributions
https://www.osc.ny.gov/retirement/publications/1502/borrowing-against-your-contributionsContributing Toward Your Retirement – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 1 Members
… information for ERS Tier 1 members under Sections 75d and 75e Contributing Toward Your Retirement …
https://www.osc.ny.gov/retirement/publications/1502/contributing-toward-your-retirement