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Divorce – Regional State Park Police Plan
… to equitable distribution. "Equitable distribution" is the division of marital assets between spouses after the … to your ex-spouse. A DRO gives us specific direction on how your retirement benefits should be divided. However, it … designations made by retirees who chose the Single Life Allowance option or certain alternative options may also …
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 … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less … than 1 percent or more than 3 percent of your benefit. The adjustment percentage is applied only to the first …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… benefits. It affects members who first join on or after April 1, 1996, and currently excludes earnings over $250,000 (effective April 1, 2012) in the State’s fiscal year (April 1st – March 31st). This amount is set by federal law and is …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… Single Life Allowance (Option 0) This is the basic retirement … benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your … same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all benefit …
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. For example, you may elect the Single Life Allowance, which … beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – 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
… 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 … types of payments. In some cases, certain restrictions may apply. Regular salary; Overtime earned in the period used in …
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 … for this benefit, you must file an application for a performance of duty disability retirement benefit within one … not receive an annuity based on those contributions. The performance of duty disability benefit is not reduced by any …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityCreditable Service – Regional State Park Police Plan
… plan includes all service performed as a regional state park police officer. Certain military service or service you … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – 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/1867/leaves-absenceFull- and Part-Time Service Credit – Regional State Park Police Plan
… Part-Time Employment Service credit may be prorated for Tier 1 members employed on a less than full-time basis. For Tier 2, 3, 5 and 6 members, part-time employment is … 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/full-and-part-time-service-creditEnding Your Membership – Regional State Park Police Plan
… membership can end: If you do not have at least five years of credited service and seven years have elapsed since you …
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 Tier 3 member covered by Article 11 benefits, you are not … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers …
https://www.osc.ny.gov/retirement/publications/1867/contributing-toward-your-retirementTier Status – 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/1867/tier-statusRetirement System Membership – Regional State Park Police Plan
… Police officers and paid firefighters working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must become members … Regional 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/retirement-system-membershipStay Informed – Regional State Park Police Plan
… Your retirement benefits are an important part of a solid … you and your beneficiaries achieve financial security in retirement or in the event of disability or death. Use these … NYSLRS news and information dedicated to pre-retirement planning. Read your member newsletter, The Sentinel , for …
https://www.osc.ny.gov/retirement/publications/1867/stay-informedOrdinary Disability (Section 362) – Police and Fire Plan
… the greater of: 1/60th (1.66 percent) of your FAS for each year of credited service; or 1/60th (1.66 percent) of your FAS for each year of credited service plus 1/60th of your FAS for each year of service you might have earned before age 60, but not …
https://www.osc.ny.gov/retirement/publications/1512/ordinary-disability-section-362Receiving Your Benefit and Filing Your Option Election – State University Police Plan
… Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of disability … your retirement date. You have up to 30 days after your pension benefit becomes payable to change your selection. If … must process your retirement as if you had selected Cash Refund — Contributions (Option ½), with your estate named as …
https://www.osc.ny.gov/retirement/publications/1823/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Forest Rangers Plan
… beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of … after your retirement date, whichever is later. If your election is not timely, by law, we must process your … Section 383c Receiving Your Benefit and Filing Your Option Election …
https://www.osc.ny.gov/retirement/publications/1864/receiving-your-benefit-and-filing-your-option-election