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Vested 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
… if you meet eligibility requirements and your death is not attributable to an on-the-job accident. The … of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. … you are on the payroll; While you are on an authorized medical leave of absence (with or without pay); While you are …
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
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/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 … not receive an annuity based on those contributions. Your Retirement System benefits are paid in addition to any …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – 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/ordinary-disabilityDivorce – Regional State Park Police Plan
… benefits should be divided. However, it does not allow for a distribution of your pension until you actually retire, … wishes. Effective July 7, 2008, beneficiary designations for certain benefits are revoked when a divorce, annulment or … otherwise. Beneficiary designations may be revoked for the Ordinary Death Benefit, Cash Refund Initial Value …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – 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/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully … off your loan once you retire. The amount of your annuity reduction will be based on your age, the loan balance at …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… 401(a)(17) limits the amount 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
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides … or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – 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/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… Tier 1 If your date of membership is June 17, 1971, or later, … included in the calculation of your FAS, and the amount of overtime that can be included in your FAS is limited to 15 … is excluded (please refer to our Overtime and Earnings Limits for Tier 6 page for more information). Also excluded …
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 … immediately before retirement. The calculation of your FAS can include, but is not limited to, the following types of … will not be included in your FAS calculation: Unused sick leave; Payments made as a result of working your vacation; …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… service you may have. Notice of Occurrence To be eligible for this benefit, you must file an application for a performance of duty disability retirement benefit … may be eligible to receive. You must also select an option for the payment of your disability benefits . Filing You, …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityCreditable Service – Regional State Park Police Plan
… special plan includes all service performed as a regional state park police officer. Certain military service or service you earned as an officer of the New York State Police may also be creditable toward the 25 years …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – Regional State Park Police Plan
… unpaid medical leaves of absence; or Unpaid leave under the federal Family and Medical Leave Act. Workers’ …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceFull- and Part-Time Service Credit – Regional State Park Police Plan
… Full-Time Employment If you join the Retirement System on the day you begin employment with a participating employer … 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
… 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/1867/ending-your-membershipContributing Toward Your Retirement – Regional State Park Police Plan
… in addition to your regular service retirement benefits, when you retire. Tier 5 Members If you are a Tier 5 member, … contributions and will not provide you with an annuity when you retire. There will be some exceptions. For … contributions and will not provide you with an annuity when you retire. Annual Wage Contribution Rate $45,000 or …
https://www.osc.ny.gov/retirement/publications/1867/contributing-toward-your-retirement