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Ordinary Disability – Regional State Park Police Plan
… System before September 1, 1997. For those who last joined on or after September 1, 1997 only the performance of duty … 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 attaining age 60, but not more than …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-disabilityDivorce – Regional State Park Police Plan
… The New York State Court of Appeals has determined that retirement benefits are marital property and are subject to … marriage has ended. This division must be stated in the form of a Domestic Relations Order (DRO) if we are to pay a … ex-spouse. A DRO gives us specific direction on how your retirement benefits should be divided. However, it does not …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… be eligible to receive half of the COLA amount you would have been entitled to receive. … Regional State Park Police …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The … loan at least once every three months or do not complete payment within five years from the date the loan was issued. …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. … amount is set by federal law and is periodically adjusted for inflation. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… cease upon your death. The mandatory contributions made by 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/1867/available-optionsLimitations – Regional State Park Police Plan
… the earnings in the preceding 12-month period by more than 20 percent. Any amount in excess of 20 percent is excluded from the computation of your FAS. … exceed the average of the previous two years by more than 20 percent, the amount in excess of 20 percent is excluded …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… is usually your years of employment immediately before retirement. The calculation of your FAS can include, but is … Payments made as a result of working your vacation; Any form of termination pay; Payments made in anticipation of retirement; Lump sum payments for deferred compensation; and …
https://www.osc.ny.gov/retirement/publications/1867/overviewAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Under Section 341[j] of the Retirement and Social Security Law (RSSL), you may receive service … Qualify for vesting. For example, if you have four years and ten months of service credit and you need five years to be vested, your sick leave credit …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jApplying for Previous or Military Service Credit – Regional State Park Police Plan
… To receive credit for any type of previous or military service, send a written … much information as you can about the period of employment for which you are seeking credit. We will determine your eligibility to receive the credit and any cost involved. Requesting credit for your previous …
https://www.osc.ny.gov/retirement/publications/1867/applying-previous-or-military-service-creditCredit for Previous or Military Service – Regional State Park Police Plan
… and contact us with any questions you may have. For reinstatement to Tier 1 or 2, or to an earlier membership …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceCreditable Service – Regional State Park Police Plan
… Police may also be creditable toward the 25 years required for service retirement eligibility. Service performed in … those mentioned will count toward your vested, disability and death benefits but not toward your 25-year service … benefit. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – Regional State Park Police Plan
… Tier 1 members receive full credit for sick leave at half pay; Tier 2, 3, 5 and 6 members receive half credit for sick leave at half pay. Since service is usually not …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceRegional State Park Police Plan – Regional State Park Police Plan
… Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867Vested Retirement Benefit – Non-Contributory Plan with Guaranteed Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public employment before … is payable for your lifetime. You may elect one of several payment options to provide for a continuing payment to a …
https://www.osc.ny.gov/retirement/publications/1513/vested-retirement-benefitEnding Your Membership – Regional State Park Police Plan
… are not vested, leave public employment and voluntarily withdraw your membership ; If you transfer your membership to …
https://www.osc.ny.gov/retirement/publications/1867/ending-your-membershipBecoming Eligible for a Benefit – Regional State Park Police Plan
… even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collected a … The amount of your vested benefit is based on your service and salary you earned when you were an active member. Vesting … 10/22 … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefitContributing Toward Your Retirement – Regional State Park Police Plan
… plan that was in effect on January 9, 2010, and is still in effect on the date of membership, may not … plan that was in effect on January 9, 2010, and is still in effect on the date of membership, may not …
https://www.osc.ny.gov/retirement/publications/1867/contributing-toward-your-retirementTier Status – Regional State Park Police Plan
… January 8, 2010, and did not elect to be covered by Article 22 (i.e., did not opt into Tier 5) can be covered by Article 11 or Article 14 benefits, depending on their retirement plan election. … Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/tier-statusRetirement System Membership – Regional State Park Police Plan
… Police officers and paid firefighters working for employers that participate … automatic. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/retirement-system-membership