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Vested Retirement Benefit – Career Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public … your last public employment determine the vested benefit. For an explanation of your benefit, please refer to the … Benefit section . The vested retirement benefit is payable for your lifetime. You may elect one of several payment …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitOrdinary Death Benefit – Regional State Park Police Plan
… Workers’ Compensation or other employer-funded benefits, for up to two years (which may be extended for an additional two years) following the last date you were … beneficiary. … 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/ordinary-death-benefitAccidental Disability – Regional State Park Police Plan
… due to your own willful negligence, you may be eligible for the benefit. You may also be eligible if you are … members of the public. Notice of Accident To be eligible for this benefit, you must file an application for an accidental disability retirement benefit within one …
https://www.osc.ny.gov/retirement/publications/1867/accidental-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… you have made. The mandatory contributions made by Tier 5 and 6 members are not annuity savings contributions, and Tier 5 and 6 members would not receive an annuity based on …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… willful negligence, regardless of your years of service (for a disability not sustained in service, you must have at … you must apply within 90 days of the discontinuance. For this benefit, “in service” is when you are: On the payroll; or On authorized medical leave of absence for up to two years (which may be extended for an additional …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – Regional State Park Police Plan
… and Fire Retirement System before September 1, 1997. For those who last joined on or after September 1, 1997 only … ten or more years of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If … equal to the greater of: 1/60th (1.66 percent) of your FAS for each year of credited service; or 1/60th (1.66 percent) …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-disabilityDivorce – Regional State Park Police Plan
… has ended. This division must be stated in the form of a Domestic Relations Order (DRO) if we are to pay a portion of your pension to …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… including age and number of years retired, your retirement benefit will permanently increase each year. This … Life Allowance, even if you selected a different option at retirement. You will begin receiving cost-of-living … or more years. When you die, if you selected an option at retirement that pays a lifetime benefit to your beneficiary, …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… Call Center at 1-866-805-0990 (518-474-7736 in the Albany, NY area) and connect with our automated information line. …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New York … 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
… your retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount … your lifetime, with the additional guarantee that if you live for less than five years or ten years after retirement, …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… benefit paid. You can choose from several options, all of which will provide you with a monthly benefit for life. … Election form (unless notified otherwise, as in the case of disability retirement) before the first day of the month following your retirement date. You have up to …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding … of 20 percent is excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in your FAS calculation if: Your date of membership is before April …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… 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 … immediately before retirement. The calculation of your FAS can include, but is not limited to, the following types …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… contributions you have made. The contributions required of Tier 5 and 6 members are not annuity savings contributions, and Tier 5 and 6 members would not receive an annuity based on …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityCreditable Service – Regional State Park Police Plan
… Police may also be creditable toward the 25 years required for service retirement eligibility. Service performed in … 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 credited for any period of time you do not receive a salary, credit is …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceFull- and Part-Time Service Credit – Regional State Park Police Plan
… employer and work on a full-time, continuous basis, we calculate your retirement service credit by subtracting your … Part-Time Employment Service credit may be prorated for Tier 1 members employed on a less than full-time basis. For … wage × 2,000) Employers report days worked and salary to us. … Regional State Park Police Plan information for PFRS …
https://www.osc.ny.gov/retirement/publications/1867/full-and-part-time-service-creditEnding Your Membership – Regional State Park Police Plan
… an officer or employee with an employer that participates in the New York State and Local Retirement System. 1 Updated …
https://www.osc.ny.gov/retirement/publications/1867/ending-your-membershipContributing Toward Your Retirement – Regional State Park Police Plan
… Tier 1, 2 and 3 Members If you are a Tier 1 or 2 member, or a … effect on the date of membership, may not contribute. Tier 6 Members As a Tier 6 member, you are required to contribute … provide you with an annuity when you retire. Annual Wage Contribution Rate $45,000 or less 3% $45,000.01 to $55,000 …
https://www.osc.ny.gov/retirement/publications/1867/contributing-toward-your-retirement