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Receiving Your Benefit and Filing Your Option Election – Basic Plan for ERS Tier 2 Members
… … Basic Plan information for ERS Tier 2 members under Sections 70a …
https://www.osc.ny.gov/retirement/publications/1505/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Career Plan for ERS Tier 1 Members
… … Career Plan information for ERS Tier 1 members covered by Sections 75f and 75g …
https://www.osc.ny.gov/retirement/publications/1503/receiving-your-benefit-and-filing-your-option-electionChallenging a Determination – Regional State Park Police Plan
… 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 months of …
https://www.osc.ny.gov/retirement/publications/1867/challenging-determinationAccidental Death Benefit – Regional State Park Police Plan
… accident not due to your own willful negligence, an accidental death benefit may be payable on your behalf. The Benefit The …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefitAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… If you die while in service, after becoming eligible to retire, an alternative death benefit may be payable. This … as soon as possible so we can send the appropriate forms to your beneficiary. … Regional State Park Police Plan …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsVested Retirement Benefit – Career Plan
… if you leave public employment before retirement age and you have five years of credited service. When you reach … and salary earned when you were an active member. 1 The date you are eligible to retire depends on your tier. … on 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/1642/vested-retirement-benefitOrdinary Death Benefit – Regional State Park Police Plan
… beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility … pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitAccidental Disability – Regional State Park Police Plan
… or hepatitis after contact with members of the public. Notice of Accident To be eligible for this benefit, …
https://www.osc.ny.gov/retirement/publications/1867/accidental-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… if you are found permanently disabled as a result of the performance of your duties, regardless of the amount of … in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is … the payroll; On an authorized medical leave of absence for up to two years (which may be extended for an additional two …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… Eligibility You would be entitled to this disability benefit if, at the time of filing, you are: Under … your duties as the natural and proximate result of a disability sustained in service, not caused by your own … negligence, regardless of your years of service (for a disability not sustained in service, you must have at least …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – Regional State Park Police Plan
… the performance of duty and the regional state park police disability benefits are available. Eligibility If you are … of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If approved, this … If you are age 60 or older at the effective date of your disability retirement, your ordinary disability benefit would …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-disabilityDivorce – Regional State Park Police Plan
… your retirement benefits should be divided. However, it does not allow for a distribution of your pension until you …
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
… against your contributions: You must be in active service and have one year of member service credit. You repay … would be. How Much You Can Borrow The minimum loan is $25. The maximum loan is 75 percent of your annuity … You can also see how much you are eligible to borrow, what the repayment amount would be and if your loan will be …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… initial value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the … you will receive your initial value amount and more in your monthly retirement benefit. However, if you die after … depending upon which option you elect, payments in the same amount you were receiving (without COLA) will be …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… 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 … first day of the month following your retirement date. You have up to 30 days after your pension benefit becomes payable …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – 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 during any 36 consecutive months of …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… if you are found permanently disabled as a result of the performance of your duties, regardless of the amount of … in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is … the payroll; On an authorized medical leave of absence for up to two years (which may be extended for an additional two …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disability