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A Message From Comptroller Thomas P. DiNapoli – Article 14 Benefits
Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1644/message-comptroller-thomas-p-dinapoliAvailable Options – Article 14 Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … your lifetime, and is based on your birth date and that of your beneficiary. After your death, your beneficiary will … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… provide for a possible payment to a designated beneficiary after your death. Filing Your Option Election You must file … following your retirement date. You have up to 30 days after your pension benefit becomes payable to change your … you may change your option selection up to 30 days after your disability application is approved, or up to 30 …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… of your Social Security benefit based on public employment in New York State. It is determined using your wages for … This adjustment applies to both service and disability retirements. …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… Article 14 information 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
Article 14 information 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
… × 50 percent = $6,000 Primary Social Security Benefit Reduction $27,600 − $6,000 = $21,600 Total Annual Benefit — … the State Comptroller at least 15 days, but not more than 90 days, before the date on which your retirement will occur. …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… but must be separated from service on the first of the month following the month you reach 62. With at least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal retirement benefit equals 50 percent …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementLeaves of Absence – Article 14 Benefits
… pay. Since service is usually not credited for any period of time you do not receive a salary, credit is not given for: Leaves of absence without pay; Authorized, unpaid medical leaves of absence; or Unpaid leave under the federal Family and Medical Leave Act. Workers’ Compensation You may …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absenceFull- and Part-Time Service Credit – Article 14 Benefits
… wage for your full career in public service. “Full-time” is defined by your employer, but must be at least six hours … a five-day week. Part-Time Employment Part-time employment is credited as the lesser of: number of days worked ÷ 260 …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditEnding Your Membership – Article 14 Benefits
… public employment for at least 15 days and voluntarily withdraw your membership ; Transfer your membership to …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membershipWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipContributing Toward Your Retirement – Article 14 Benefits
… us. Under Internal Revenue Code Section 414(h), effective October 1, 2013, your required 3 percent contributions are … the 3 percent contributions you make on or after October 1, 2013* are: Not reported as wages for federal … does not apply to PFRS member contributions made prior to October 1, 2013 and is not retroactive. Page updated as of …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementTier Status – Article 14 Benefits
… member covered by Article 14 if you joined the Police and Fire Retirement System on or after July 1, 2009 but before … is no Tier 4 in the New York State and Local Police and Fire Retirement System. …
https://www.osc.ny.gov/retirement/publications/1644/tier-statusRetirement System Membership – Article 14 Benefits
… and Fire Retirement System (PFRS) must become members of the Retirement System. When you become a Retirement System … complete and file a membership application with the Office of the State Comptroller. …
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membershipCUNY Bulletin No. CU-473
… page to pay the CUNY ECP Vacation Exchange: Earn Code: EVE Earnings Begin Date: 10/01/13 or the last day the … Register and Employee’s Paycheck/Advice The Earn Code EVE and the amount paid will be displayed on the payroll …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-473-cuny-executive-compensation-plan-ecp-vacation-exchangeCUNY Bulletin No. CU-504
… instructions for processing the CUNY Health Benefits Buy Out Payment. Affected Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy Out Waiver Program Background The Health Benefits Buy Out Waiver Program is authorized under IRC Section 125 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-504-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-476
… instructions for processing the CUNY Health Benefits Buy Out Payment. Affected Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy Out Waiver Program Background The Health Benefits Buy Out Waiver Program is authorized under IRC Section 125 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-476-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-451
… dated August 9, 2012 Background The City University of New York Benefits Office has determined the health insurance rate …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-451-city-university-new-york-health-insurance-rate-adjustmentCUNY Bulletin No. CU-498
… instructions for processing the CUNY Health Benefits Buy Out Payment. Affected Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy Out Waiver Program Background The Health Benefits Buy Out Waiver Program is authorized under IRC Section 125 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-498-city-university-new-york-cuny-health-benefits-buy-out