Search
Becoming Eligible for a Benefit – Career Plan
… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave public … when you were an active member. Vesting is automatic — you do not have to fill out any paperwork or file an application …
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitContributing Toward Your Retirement – Career Plan
… benefits, but may elect to make voluntary annuity savings contributions to the Retirement System. These … first. These mandatory contributions are not annuity savings contributions and will not provide you with an … first. These mandatory contributions are not annuity savings contributions and will not provide you with an …
https://www.osc.ny.gov/retirement/publications/1642/contributing-toward-your-retirementApplying for Benefits – Non-Contributory Plan with Guaranteed Benefits
… System benefits, you must file the appropriate application form with the Office of the State Comptroller in a timely … the State Comptroller within specific time limits. For a form to be considered as “filed with the Comptroller,” it … office of the State Comptroller. Giving your employer the form does not mean that you have “filed with the …
https://www.osc.ny.gov/retirement/publications/1513/applying-benefitsStay Informed – Career Plan
… Register for Retirement Online , a convenient and secure way to review your benefits and conduct transactions … be able to use Retirement Online instead of mailing forms or calling NYSLRS. Members can view benefit … and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …
https://www.osc.ny.gov/retirement/publications/1642/stay-informedChallenging a Determination – Regional State Park Police 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 an independent hearing officer. Your request must be in writing and directed to the Hearing Administration Bureau within four …
https://www.osc.ny.gov/retirement/publications/1867/challenging-determinationApplying for Benefits – Regional State Park Police Plan
… System benefits, you must file the appropriate application form with the Office of the State Comptroller in a timely … the State Comptroller within specific time limits. For a form to be considered as “filed with the Comptroller,” it … office of the State Comptroller. Giving your employer the form does not mean that you have “filed with the …
https://www.osc.ny.gov/retirement/publications/1867/applying-benefitsAccidental Death Benefit – Regional State Park Police Plan
… of your years of service credit, if you die as the natural and proximate result of an on-the-job accident not due to … listed above become ineligible for benefit payments, and the payments made to that time do not equal or exceed the … State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefitDivorce – Regional State Park Police Plan
… 1, 2 and 3) and Five and Ten Year Certain options. The Survivor Benefit beneficiary designations made by retirees …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will … each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual … adjustments (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 …
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. … affects members who first join on or after April 1, 1996, and currently excludes earnings over $250,000 (effective … March 31st). This amount is set by federal law and is periodically adjusted for inflation. … Regional State …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… Life Allowance (Option 0) This is the basic retirement benefit. It provides the maximum benefit payment to you each … Learn more about COLA. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsLimitations – Regional State Park Police Plan
… from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in … of overtime that can be included in your FAS is limited to 15 percent of your salary in any given year. Tier 6 If the … the Governor’s annual salary is excluded (please refer to our Overtime and Earnings Limits for Tier 6 page for more …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… Your pension is based on your years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages you earned … overtime earned for each year in the FAS period;* and Longevity payment (maximum of one per FAS year), if …
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
… We will determine your eligibility to receive the credit and any cost involved. Requesting credit for your previous … 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/1867/applying-previous-or-military-service-creditCredit for Previous or Military Service – Regional State Park Police Plan
… of your military service. To determine your eligibility and the cost, if any, please send us a copy of your … system in New York State, your service may be recredited and your date of membership and tier restored. However, an earlier tier of membership …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceCreditable Service – Regional State Park Police Plan
… those mentioned will count toward your vested, disability and death benefits but not toward your 25-year service … 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/1867/creditable-serviceEnding Your Membership – New Career Plan
… membership ; If you transfer your membership to another New York State public retirement system; If you retire; or If you die. …
https://www.osc.ny.gov/retirement/publications/1515/ending-your-membershipVested Retirement Benefit – New Career Plan
… 1 The date you are eligible to retire depends on your tier. Tier 1 Full vested benefit as early as the first of the … and wish to receive your benefit. 1 Updated 10/22 … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 …
https://www.osc.ny.gov/retirement/publications/1515/vested-retirement-benefit