Search
Vested Retirement Benefit – Coordinated Plan For ERS Tier 5 Members
… … Coordinated Plan information for ERS Tier 5 members under Article 15 Vested Retirement …
https://www.osc.ny.gov/retirement/publications/1523/vested-retirement-benefitEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… your vested retirement benefit will be eligible for escalation. Learn more about escalation. When you turn 62, the benefit is reduced by 50 …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingDivorce – Article 14 Benefits
… after the marriage has ended. This division must be stated in the form of a Domestic Relations Order (DRO) if we are to …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… including age and number of years retired, your retirement benefit will permanently increase each year. You …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… Retirement System. Before you apply, you should be aware of the federal tax laws pertaining to Retirement System … could result in significant tax consequences for you. You do not make the required payments on your loan at least once … System and have one or more outstanding loan balances when you retire or withdraw. If your loan is taxable, or …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsIRS Pension Limitation – Article 14 Benefits
… amount is set by federal law and is periodically adjusted for inflation. … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationChallenging a Determination – Article 14 Benefits
… been incorrectly denied or improperly calculated, you may request a hearing and redetermination to be held before a … the determination date. We will send you an acknowledgment letter with an explanation of the hearing process when we … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/challenging-determinationMore About This Retirement Plan – Article 14 Benefits
… rights and responsibilities, and is not a substitute for any New York State or federal law. For specific information about your benefits, please contact … System VO1644 (Rev. 9/11) … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Disability – Article 14 Benefits
… You may be eligible for an accidental disability retirement benefit if: You are unable to perform your duties … minimum service requirement for an accidental disability retirement benefit. The Benefit This benefit is a pension … Retirement Benefits (RS6411) with the Office of the State Comptroller. The application should be filed while you …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Disability – Article 14 Benefits
… disability benefits. The benefit is also subject to full escalation. Learn more about escalation. Filing You, your employer, or someone authorized …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… of service credit, if you die as the natural and proximate result of an on-the-job accident, not due to your own willful … forms to your beneficiary. If you die on or after January 1, 2020, the application for the accidental death … years of your date of death (for members who died before January 1, 2020, the application had to be filed within two …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… not retired and you die more than one year after leaving public employment, 50 percent of the ordinary death benefit …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… payroll; or While you are on an authorized medical leave for up to two years (which may be extended for an additional two … $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… or she will be eligible for 50 percent of your COLA or the escalation adjustment (if applicable), whichever provides the …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… benefit paid. You can choose from several options, all of which will provide you with a monthly benefit for life. You may elect the Single Life Allowance, which … may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary after your …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… is the part of your Social Security benefit based on public employment in New York State. It is determined using your wages for service with a public employer for which you received retirement credit. The …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… Escalation is the annual increase or decrease of a benefit, … benefits can be eligible for either full or partial escalation. If a benefit is eligible for full escalation, it will increase or decrease each April at a rate …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… 2.1 percent of your FAS for each year of service credit. The benefit is reduced by 50 percent of your primary Social … for Service Retirement (RS6037) must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… With 20 years of service credit, you can apply for early retirement regardless of your age. The early retirement benefit equals 42 percent of your FAS … cannot exceed 50 percent of your FAS. When you turn 62, the early retirement benefit is reduced by 50 percent of your …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… 62. With at least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal … Security benefit. Your retirement benefit may be eligible for escalation — the annual increase or decrease of a …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirement