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Vested Retirement Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… … State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Vested Retirement Benefit …
https://www.osc.ny.gov/retirement/publications/1526/vested-retirement-benefitApplying for Benefits – State Correction Officers and Security Hospital Treatment Assistants Plan
… … State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Applying for Benefits …
https://www.osc.ny.gov/retirement/publications/1526/applying-benefitsAccidental Death Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… … State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Accidental Death Benefit …
https://www.osc.ny.gov/retirement/publications/1526/accidental-death-benefitOrdinary Death Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… … State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Ordinary Death Benefit …
https://www.osc.ny.gov/retirement/publications/1526/ordinary-death-benefitVested Retirement Benefit – Career Plan
… you leave public employment before retirement age and you have five years of credited service. When you reach … age, you will be entitled to a retirement benefit based on your service and salary earned when you were an active … member. 1 The date you are eligible to retire depends on your tier. Tier 1 Full vested benefit as early as the …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… will cease upon your death. The contributions required of Tier 5 and 6 members are not annuity savings contributions. … Cash Refund — Initial Value (Option 1) (Available to Tier 1 members only)This option will provide you with a …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsThe Big Picture – What Every Employer Should Know
… establishes the overall methodology used to make sure we have assets available to pay for those benefits. Sources of … 1 Over the past 20 years, the Fund’s investment returns have covered 75 percent of the cost of pensions. Over this … Rates The value of the Fund and the rate of return on our investments directly affect annual contribution rates. …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureBecoming a Participating Employer – What Every Employer Should Know
… benefits. The process of becoming a participating employer in NYSLRS begins with you providing us with a roster of … a police officer or paid firefighter must participate in the Police and Fire Retirement System (PFRS). … and service to us. Once an employer becomes a participant in NYSLRS, by law, that employer can never terminate its …
https://www.osc.ny.gov/retirement/employers/partnership/becoming-participating-employerAccidental Disability – Career Plan
… Regardless of the amount of service credit you may have, if you become permanently incapacitated (physically or … perform your job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, … disabled because you contracted HIV (where there may have been exposure to bodily fluids that may have involved …
https://www.osc.ny.gov/retirement/publications/1642/accidental-disabilityOrdinary Disability (Section 362) – Career Plan
… because of permanent physical or mental incapacity, and have ten or more years of service credit, you may be eligible … plus 1/60th of your FAS for each year of service you might have earned before age 60, but not more than one-third of … your FAS. The benefit would also include an annuity based on any annuity savings contributions you have made. The …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-disability-section-362Challenging a Determination – New Career Plan
… We can pay only those benefits authorized by law, and cannot pay you any benefits if you do not meet all the … denied or improperly calculated, you may request a hearing and redetermination to be held before a hearing officer. Your request must be in writing and directed to the Hearing Administration Bureau within four …
https://www.osc.ny.gov/retirement/publications/1515/challenging-determinationEnding Your Membership – Career Plan
… If you do not have at least five years of credited service and seven years have elapsed since you last worked for a participating public employer; 1 If you are not vested, … Local Retirement System. 1 Updated 10/22 … Career Plan for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by …
https://www.osc.ny.gov/retirement/publications/1642/ending-your-membershipChallenging a Determination – Non-Contributory Plan with Guaranteed Benefits
… an independent hearing officer. Your request must be in writing and directed to the Hearing Administration Bureau … or call us at 1-866-805-0990 or 518-474-7736 in the Albany, New York area. … NonContributory Plan with …
https://www.osc.ny.gov/retirement/publications/1513/challenging-determinationTier Status – New Career Plan
… 11 5 and 6 members under Sections 375h and 375i Tier Status …
https://www.osc.ny.gov/retirement/publications/1515/tier-statusMandatory vs. Optional Membership
If you are a permanent fulltime employee of a participating employer you are a mandatory NYSLRS member Other employees have the right to join
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipMember Contributions – Legacy Reporting
… of the Internal Revenue Code (IRC). Federal income tax on these contributions is deferred until they are … as wages to NYSLRS. Contributions are calculated on the full gross salary. All ERS Tier 3, 4, 5 and 6 normal … must be maintained by the participating employer. If you have any questions about Section 414(h) contributions or …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsEarnings Limits
… than the limit, it will not be factored into your pension and your employer should not withhold member contributions from earnings above the limit. For Members Who Joined NYSLRS On or After April 1, 1996 … The amount is set by federal law and periodically adjusted for inflation. Refer to the table below for the maximum …
https://www.osc.ny.gov/retirement/members/earnings-limitsRetiree Annual Statement
… for Tax Purposes If your pension is taxable, we provide a 1099-R tax form annually for filing your taxes. If you haven’t received your 1099-R, you can get it online. Sign in to Retirement Online . …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementLife Changes: What If I Leave Public Employment?
… The State of New York; One of its political subdivisions (county, city, town, village); A school district or Boards of …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-leave-public-employmentState Agencies Bulletin No. P-623
Reporting of Lost Time and Overtime in the Same Work Week
https://www.osc.ny.gov/files/state-agencies/payroll-bulletins/pdf/agencies-p-623.pdf