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Ending Your Membership – Coordinated Plan For ERS Tier 5 Members
… Coordinated Plan information for ERS Tier 5 members under Article 15 Ending Your Membership …
https://www.osc.ny.gov/retirement/publications/1523/ending-your-membershipRetirement System Membership – Coordinated Plan For ERS Tier 5 Members
… for ERS Tier 5 members under Article 15 Retirement System Membership …
https://www.osc.ny.gov/retirement/publications/1523/retirement-system-membershipArticle 15 Disability – Coordinated Plan For ERS Tier 5 Members
… Plan information for ERS Tier 5 members under Article 15 Article 15 Disability …
https://www.osc.ny.gov/retirement/publications/1523/article-15-disabilityIRS Pension Limitation – Coordinated Plan For ERS Tier 5 Members
Coordinated Plan information for ERS Tier 5 members under Article 15 IRS Pension Limitation
https://www.osc.ny.gov/retirement/publications/1523/irs-pension-limitationVested Retirement Benefit – Coordinated Plan For ERS Tier 5 Members
Coordinated Plan information for ERS Tier 5 members under Article 15 Vested Retirement Benefit
https://www.osc.ny.gov/retirement/publications/1523/vested-retirement-benefitEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… pension at the earliest possible date, file a retirement application within 90 days before you first become eligible. If we receive your retirement application after you first become eligible, your vested retirement is effective the date the application is received. Remember, it is up to you to file a …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingDivorce – Article 14 Benefits
… The New York State Court of Appeals has determined that retirement benefits are … designations for certain benefits are revoked when a divorce, annulment or judicial separation becomes final. An … on how your pension benefits can be affected by divorce, consult your attorney, contact our Matrimonial …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… receiving COLA when you are: 62 or older and retired for five or more years; or 55 or older and retired for ten or more years; or Receiving a disability pension for five or more years. When you die, if you selected an option …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… are under 59½ at the time, you may be required to pay a 10 percent penalty tax in addition to any ordinary federal … Loan Balance Annual Pension Reduction 45 $5,000 $232 $10,000 $464 55 $5,000 $279 $10,000 $558 65 $5,000 $364 $10,000 $728 Page updated 3/13 …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsIRS Pension Limitation – Article 14 Benefits
… benefits. Section 401(a)(17) affects members who join on or after April 1, 1996, and currently excludes earnings …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationChallenging a Determination – Article 14 Benefits
… with the Hearing Administration Bureau within four months of the determination date. We will send you an acknowledgment letter with an explanation of the hearing process when we receive your written request. …
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 … 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
… Filing You, your employer, or someone authorized with your power of attorney may file your Application for Article 14 …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Disability – Article 14 Benefits
… Eligibility To qualify for the ordinary disability retirement benefit, you must: Be unable to perform your duties because of a permanent physical or … benefits. The Benefit If approved, this is a benefit equal to the greater of: One-third of your FAS or 2 percent of …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… to one-half (50 percent) of your FAS and is eligible for full escalation. ( Learn more about escalation. ) The benefit …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… one year after leaving public employment, 50 percent of the ordinary death benefit may still be payable. This vested … notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… The salary is limited by Section 130 of the Civil Service law. The first $50,000 of this benefit is paid in the form of … are also payable to your beneficiary. Filing Your family or employer should notify us of your death as soon as …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… or sooner, after retiring), nothing will be paid to any beneficiary. Joint Allowance — Full* This option will provide … lifetime, and is based on your birth date and that of your beneficiary. After your death, your beneficiary will receive the same monthly amount (without …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of … after your retirement date, whichever is later. If your election is not timely, by law, we must process your …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a benefit from Social Security. The primary Social Security benefit is the part of your Social Security benefit …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustment