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Ordinary Disability – Article 14 Benefits
… up to 25 years. It is reduced by 100 percent of any Workers’ Compensation benefit payable and 50 percent of the primary … your employer’s payroll; or When you are on an authorized medical leave of absence for up to two years (which may be …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… die as the natural and proximate result of an on-the-job accident, not due to your own willful negligence, an …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… but were gainfully employed during that time. Filing Your family or employer should notify us of your death as soon as …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… An ordinary death benefit may be payable to your designated beneficiary if you have 90 days of service … or While you are on an authorized medical leave for up to two years (which may be extended for an additional two … law. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable 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 … or sooner, after retiring), nothing will be paid to any beneficiary. Joint Allowance — Full* This option will provide … for the balance of the five- or ten-year period. You may change your beneficiary within the five- or ten-year period. …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… your retirement date. You have up to 30 days after your pension benefit becomes payable to change your selection. If … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… will be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a …
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
… primary Social Security benefit. Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated … primary Social Security benefit = $12,000 2.1 percent × 18 = 37.8 percent × $60,000 = $22,680 $12,000 × 50 percent …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… 42 percent of your FAS for 20 years of service credit plus an additional 4 percent of your FAS for each year of …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… benefit is reduced by 50 percent of your primary Social Security benefit. Your retirement benefit may be … of credited service and a $60,000 FAS Estimated primary Social Security benefit = $12,000 50 percent × $60,000 = … Total Annual Benefit + Full Escalation Filing Your Application for Service Retirement (RS6037) must be on file …
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 … Compensation leave. To determine your eligibility and the cost (if any), please send a request to the Retirement System …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absenceFull- and Part-Time Service Credit – Article 14 Benefits
… of New York State’s annual minimum wage for your full career in public service. “Full-time” is defined by your …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditEnding Your Membership – Article 14 Benefits
… withdraw your membership ; Transfer your membership to another retirement system; Retire; or Die. …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membershipWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… ten, years of credited service, you may choose to: End your membership and withdraw your accumulated contributions (with interest compounded at 5 percent per year); or Leave your contributions in your account and qualify for a …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipContributing Toward Your Retirement – Article 14 Benefits
… whichever is earlier. If you are employed by more than one participating employer, once you join the Retirement …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementTier Status – 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/tier-statusRetirement System Membership – Article 14 Benefits
… 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membershipStay Informed – Article 14 Benefits
… part of a solid financial plan. They can help you and your beneficiaries achieve financial security in … mailing forms or calling NYSLRS. Members can view benefit information, update contact information, view and update beneficiaries, and apply for a … Article 14 information for PFRS Tier 3 members Covers pension disability …
https://www.osc.ny.gov/retirement/publications/1644/stay-informedReceiving Your Benefits – 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/receiving-your-benefits