Search
Accidental Death Benefit – Article 14 Benefits
… of your years of service credit, if you die as the natural and proximate result of an on-the-job accident, not due to … is a pension equal to one-half (50 percent) of your FAS and is eligible for full escalation. ( Learn more about … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… at least ten years of credited service, have not retired and you die more than one year after leaving public … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… your designated beneficiary if you have 90 days of service and your death occurs: While you are on the payroll; or While … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… you with a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … you with a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsSocial Security Adjustment – Article 14 Benefits
… Security benefit. This adjustment applies to both service and disability retirements. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… Example: Retiring with 21 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… partial escalation. If you retire with at least 22 years and 1 month of service credit, but less than 25 years, you … Example: Retiring with 25 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementAdditional Service Credit for Sick Leave (Section 341[j]) – Article 14 Benefits
… Section 341(j) of the Retirement and Social Security Law (RSSL) provides an optional sick … Qualify for vesting. For example, if you have four years and ten months of service credit and you need five to be vested, your sick leave credit cannot …
https://www.osc.ny.gov/retirement/publications/1644/additional-service-credit-sick-leave-section-341jApplying for Previous or Military Service Credit – Article 14 Benefits
… you are seeking credit. We will determine your eligibility and any cost involved. Requesting credit for your previous … will no longer be eligible to withdraw your contributions and end your membership. Page updated 3/13 … Article 14 … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/applying-previous-or-military-service-creditPayment for Service Credit – Article 14 Benefits
… you. There are two kinds of past service costs — mandatory and optional. Mandatory costs are required for service credit … previous or military service. Once you have made payment and have accrued two years of service credit as a member, you … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditCredit for Previous or Military Service – Article 14 Benefits
… of your military service. To determine your eligibility and the cost, if any, please send us a copy of your … system in New York State, your service may be recredited and your date of membership and tier changed. If your previous membership was with …
https://www.osc.ny.gov/retirement/publications/1644/credit-previous-or-military-serviceLeaves of Absence – Article 14 Benefits
… of absence; or Unpaid leave under the federal Family and Medical Leave Act. Workers’ Compensation You may be able … Workers’ Compensation leave. To determine your eligibility and the cost (if any), please send a request to the … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absenceEnding Your Membership – Article 14 Benefits
… your membership cannot end unless you: Are not vested and seven years have elapsed since you left public … of an employer that participates in the New York State and Local Retirement System; Have less than ten years of … credit, leave public employment for at least 15 days and voluntarily withdraw your membership ; Transfer your …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membershipWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… credited service, you may choose to: End your membership and withdraw your accumulated contributions (with interest … per year); or Leave your contributions in your account and qualify for a retirement benefit when you become … to withdraw, or you have less than five years of service and do not qualify for a retirement benefit, you should file …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipBecoming Eligible for a Benefit – Article 14 Benefits
… As a vested member, you may leave public employment and, at a later date, apply for and receive a vested retirement benefit . You can choose to … benefit will be based on your service, age at retirement and the salary you earned when you were an active member. … …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitContributing Toward Your Retirement – Article 14 Benefits
… employer, once you join the Retirement System, all salary and service earned in connection with all employment must be … federal income tax; Reported as wages for New York State and local income taxes; Reported as wages for Social Security; Reported as wages to the New York State and Local Retirement System, and used in the calculation of …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementTier Status – Article 14 Benefits
… 3 member covered by Article 14 if you joined the Police and Fire Retirement System on or after July 1, 2009 but … not elect to be covered by Article 22 (Tier 5) benefits and you: Elected coverage under your employer’s special … coverage under your employer’s special 25-year plan and your employer offers the one-year final average salary …
https://www.osc.ny.gov/retirement/publications/1644/tier-statusRetirement System Membership – Article 14 Benefits
… Police officers and paid firefighters working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must become members of the …
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membership