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Additional Benefits after 20 Years (Sections 384-e and 384-e [b]) – Special 20- and 25-Year Plans

… adopted coverage under Section 384-e and/or 384-e (b) of the RSSL. If your employer adopts either of these benefits, you are automatically covered. If your … chooses to adopt the benefits for a limited period of time, and you enter employment after the expiration date, …

More About This Retirement Plan – Police and Fire Plan

… under Article 14. The information in this publication does not apply to you. Throughout this publication, you will … York State or federal law. For specific information about your benefits, please contact us . © 2012, New York State and …

Overtime Limits – Enhanced Reporting

… reset your employees' overtime earnings to $0.00 in your payroll system and begin tracking year-to-date totals if the …

DiNapoli: New York's Labor Force Decreased Sharply During the Pandemic and Remains Below Pre-Pandemic Peak

… the 10-year period. Participation rates were lowest for Black workers and decreased from 60.3% in 2014 to a low of … has become more diverse in the past decade. The share of white workers has declined from 75.8% in 2011 to 70.9% in … the nation, New York has greater shares of workers who are Black (16.3% to 12.5%), Asian (10.3% to 6.3%), and Hispanic …

Retiring with an Outstanding Loan – Special 20- and 25-Year Plans

… or disability). The loan application and Retirement Online provide examples of how much your reduction would be. …

Vested Retirement Benefit – En-Con Police Officers Plan

… employment before retirement age and have five years of credited service. When you reach retirement age, you will … and salary earned when you were an active member. 1 The date you are eligible to retire depends on your tier: Tiers 1 & 2 — the first of the month following your 55th birthday. Tiers 3 & 5 — …

More About This Retirement Plan – New Career Plan

… 6 Police and Fire Retirement System members covered by the New Career Plan. (There is no Tier 4 in the Police and Fire … are provided by Sections 375-h and 375-i of the New York State Retirement and Social Security Law (RSSL) as enacted by …

Vested Retirement Benefit – Regional State Park Police Plan

… Eligibility You are eligible for a vested retirement benefit if you leave public employment before retirement age and have five years of credited service. When you reach retirement age, you will be entitled to a retirement benefit …

Reporting Workers' Compensation Benefits – Legacy Reporting

… report information about employees through Retirement Online including their earnings the number of days they …

Cancellation of Election to Purchase Additional Annuity 21(l) or 321(l) (RS5378)

For NYSLRS Tier 1 & 2 members (and Tier 3 & 5 PFRS members who are non-contributory) to request to discontinue making voluntary contributions to NYSLRS.

What is a Defined Benefit Plan?

… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …

Life Changes: What If I Leave Public Employment?

… you have enough years of service credit to qualify for a retirement bene­fit, even if you leave public employment … to keep us informed of your current mailing address, phone number and email address (use a personal email address rather … Most members can estimate their pension using the benefit calculator in Retirement Online . The calculator uses your …

One-Year FAS – Career Plan

… made in anticipation of retirement; Lump sum payment for deferred compensation; and Any payments made for time not worked. The earnings used in the calculation of … over 20 percent will be excluded from the calculation. *For Tier 5 members, the total amount of overtime and …

Additional Benefits after 25 Years (Sections 384[f], [g] and [h]) – Special 20- and 25-Year Plans

One-Year FAS – Police and Fire Plan

… made in anticipation of retirement; Lump sum payments for deferred compensation; and Any payments made for time not worked. The earnings used in the calculation of … over 20 percent will be excluded from the calculation. *For Tier 5 members, the total amount of overtime and …

One-Year FAS – New Career Plan

… this benefit, your retirement will be calculated based on a one-year FAS unless the three-year calculation provides …

One-Year FAS – Non-Contributory Plan with Guaranteed Benefits

… the last 12 months preceding retirement. The calculation of a one-year FAS can include, but is not limited to, the … are not considered regular compensation and, in most cases, will not be included in the one-year FAS calculation: … cannot exceed the wages in the previous 12-month period by more than 20 percent. Any amount over 20 percent will be …

One-Year FAS – Basic Plan with Increased-Take-Home-Pay (ITHP)

… made in anticipation of retirement; Lump sum payments for deferred compensation; and Any payments made for time not worked. The earnings used in the calculation of … the 20 percent will be excluded from the calculation. *For Tier 5 members, the total amount of overtime and …

State Agencies Bulletin No. 1369

… age 50 and over. These employees can defer up to $6,000 in catch-up contributions in addition to their regular contribution amount for a … employees. This report will be available in Control-D on or about December 19, 2014 for Institution agencies and on …

State Agencies Bulletin No. 1292

… age 50 and over. These employees can defer up to $5,500 in catch-up contributions in addition to their regular contribution amount for a … employees. This report will be available in Control-D on or about December 20, 2013 for Institution agencies and on …