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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 71a and 75 …
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 Receiving Your Benefit and Filing Your Option Election
https://www.osc.ny.gov/retirement/publications/1503/receiving-your-benefit-and-filing-your-option-electionChallenging a Determination – 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/challenging-determinationAccidental Death Benefit – Regional State Park Police Plan
… is a lifetime pension if paid to a surviving spouse or dependent parent. The annual benefit is equal to one-half … of your FAS (less any Workers’ Compensation benefit paid or payable because of your death). Any accumulated member … will be refunded to your designated beneficiary or to your estate. The benefit can only be paid to the …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefitAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… Alternative Death Benefit If you die while in service, after becoming eligible to retire, an alternative … should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. … …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsVested Retirement Benefit – Career Plan
… provisions of the retirement plan that you were covered by in your last public employment determine the vested benefit. …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitOrdinary Death Benefit – Regional State Park Police Plan
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you … life insurance, which is currently exempt from federal income tax. Your accumulated contributions (if any) are also payable to your beneficiary. Eligibility An ordinary death benefit may be payable to your designated …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitAccidental Disability – Regional State Park Police Plan
… fluids that may have involved the transmission of this disease), tuberculosis or hepatitis after contact with …
https://www.osc.ny.gov/retirement/publications/1867/accidental-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… service” is defined as while you are: Being paid on the payroll; On an authorized medical leave of absence for up to … benefits for up to two years since last being paid on the payroll, as long as you have not resigned or been terminated …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… credit as a regional state park police officer in the New York State Office of Parks, Recreation and Historical …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – Regional State Park Police Plan
… or within 90 days from the date you: Are last paid on the payroll; Are last on an authorized medical leave of absence …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-disabilityDivorce – Regional State Park Police Plan
… how your retirement benefits should be divided. However, it does not allow for a distribution of your pension until … retire, die or terminate membership. If you are divorced, it is especially important to review your beneficiary …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … 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 …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… $319 $10,000 $637 All Tiers — Your Loan May Be Federally Taxable Before you apply, you should be aware of the federal … tax laws pertaining to NYSLRS loans. Your loan will be taxable if: The loan amount exceeds federal limits (federal … one or more outstanding loan balances. If your loan is taxable, or becomes taxable as described above, you must …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on … excludes earnings over $250,000 (effective April 1, 2012) in the State’s fiscal year (April 1st – March 31st). This …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this … one year, or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … on deposit) This option will provide you with a reduced monthly benefit for your lifetime. At your death, …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… choose from several options, all of which will provide you with a monthly benefit for life. For example, you may elect … to a designated beneficiary after your death. Filing Your Option Election You must file your Option Election form … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… 1 If your date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding 12-month period by more than 20 …
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 … but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… service” is defined as while you are: Being paid on the payroll; On an authorized medical leave of absence for up to … benefits for up to two years since last being paid on the payroll, as long as you have not resigned or been terminated …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disability