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Vested Retirement Benefit – Coordinated Plan For ERS Tier 5 Members
… … Coordinated Plan information for ERS Tier 5 members under Article 15 Vested Retirement …
https://www.osc.ny.gov/retirement/publications/1523/vested-retirement-benefitEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… the date the application is received. Remember, it is up to you to file a retirement application when you become …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingDivorce – Article 14 Benefits
… option and the Five and Ten Year Certain options. Survivor Benefit beneficiaries for retirees who chose the …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… 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 that pays a lifetime benefit to your beneficiary, and the beneficiary is your spouse at the time of death, he or she will be eligible to receive half of the COLA amount you would have been …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… You must repay each outstanding loan through payroll deductions in an amount sufficient to repay the loan, …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsIRS Pension Limitation – Article 14 Benefits
… State’s fiscal year (April 1st – March 31st). The amount is set by federal law and is periodically adjusted for inflation. … Article 14 …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationChallenging a Determination – Article 14 Benefits
… 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 filed with the Hearing Administration Bureau within four …
https://www.osc.ny.gov/retirement/publications/1644/challenging-determinationMore About This Retirement Plan – Article 14 Benefits
… and Social Security Law (RSSL) as enacted by the New York State Legislature. These benefits are available to Tier 3 New York State and Local Police and Fire Retirement System … to “Sections” and “Articles” that refer to the RSSL. The New York State and Local Retirement System, headed by the …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Disability – Article 14 Benefits
… duties not caused by your own willful negligence. There is no minimum service requirement for an accidental disability … medical leave of absence for up to two years. If you are no longer in active service, you may be eligible if your …
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
… should notify us of your death as soon as possible so we can forward the appropriate forms to your beneficiary. If you …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… 50 percent of the ordinary death benefit may still be payable. This vested benefit may also be payable if you die within one year of leaving covered service …
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 … Compensation or other employer-funded benefits for up to two years (which may be extended for an additional two …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… beneficiary will receive the same monthly amount (without COLA) for life. If your beneficiary dies before you, all … receive a specific percentage of your benefit (without COLA) which you select (either 75, 50 or 25 percent) for his … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… of your Social Security benefit based on public employment in New York State. It is determined using your wages for …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… each April at a rate equal to the increase or decrease in the cost-of-living index or 3 percent, whichever is less. … date, the rate of increase or decrease will be reduced by 1/36th. If you retire more than three years prior to the …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… service retirement benefit equals 2.1 percent of your FAS for each year of service credit. The benefit is reduced by 50 … Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … Annual Benefit — No Escalation Filing Your Application for Service Retirement (RS6037) must be on file with the …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – 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/early-retirementNormal Retirement – Article 14 Benefits
… You can choose normal retirement or early retirement, but must be separated from service on the first of the month following the month you … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirement