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Retirement System Membership – Coordinated Plan For ERS Tier 5 Members
… Coordinated Plan information 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
… Eligibility You are eligible for a vested retirement benefit if you leave public … Benefit The vested benefit equals 2.1 percent of your FAS for each year of service. If you choose to begin receiving … will be reduced by the percentages shown: 6.67 percent for each year your early retirement age exceeds 60; and 3.33 …
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 marital … distribution. Equitable distribution is the division of marital assets between spouses after the marriage has …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. You will begin …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… If you meet eligibility requirements, you may take a loan from … could result in significant tax consequences for you. You do not make the required payments on your loan at least once … (regular service or disability). These are examples of how your service retirement benefit will be permanently …
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
… be in writing and filed with the Hearing Administration Bureau within four months of the determination date. We will … Hearing FAQs , email the Hearing Administration Bureau at [email protected] or call us at …
https://www.osc.ny.gov/retirement/publications/1644/challenging-determinationMore About This Retirement Plan – Article 14 Benefits
… benefits provided by Article 14 of the Retirement and Social Security Law (RSSL) as enacted by the New York … These benefits are available to Tier 3 New York State and Local Police and Fire Retirement System members who joined on or after … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Disability – Article 14 Benefits
… the disability is the natural and proximate result of an accident sustained in the performance of duties not caused by … The Benefit This benefit is a pension equal to one-half (50 percent) of your FAS and is reduced by 100 percent of any Workers’ Compensation benefit payable and 50 percent of the primary Social Security benefit. If you are …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary 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/escalation