Search
Tier 2, 3, 5 and 6 Death Benefits – New Career Plan
… the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your beneficiary will receive the post-retirement death benefit. Members who join on or after … benefit payable. Death benefit two provides a post-retirement death benefit if you: Retire directly from …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Non-Contributory Plan with Guaranteed Benefits
… the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your beneficiary will receive the post-retirement death benefit. Members who join on or after … benefit payable. Death benefit two provides a post-retirement death benefit if you: Retire directly from …
https://www.osc.ny.gov/retirement/publications/1513/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan
… the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your beneficiary will receive the post-retirement death benefit. Members who join on or after … benefit payable. Death benefit two provides a post-retirement death benefit if you: Retire directly from …
https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefitsState Agencies Bulletin No. 2091
… Purpose The purpose of this bulletin is to notify agencies of the maximum contribution limits for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2091-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1976
… Purpose The purpose of this bulletin is to notify agencies of the maximum contribution limits for … $20,500 for calendar year 2022. An additional deferment is available to employees age 50 and over. These employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1976-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tda20-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… with 20 or more years of creditable service, regardless of age. “Creditable service” is: Service as a firefighter or … following the month in which you turn 65. If you are over age 65 when your employer adopts this benefit, you must be … pension will be 50 percent of your FAE. If you retire at age 62, with less than 20 years of creditable service, you …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dService Retirement Benefit – Regional State Park Police Plan
… retire at any age after completing 25 years of regional state park or New York State police officer service. Or, you … The Application for Service Retirement (RS6037) must be on file with the Office of the State Comptroller at least 15 … 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/service-retirement-benefitRetiring with an Outstanding Loan – State Police Plan
… with an outstanding loan, the annuity portion of your retirement benefit will be permanently reduced . You cannot … $208 $10,000 $417 60 $5,000 $236 $10,000 $472 … State Police Plan information for PFRS Tier 2 5 and 6 members under …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanState Agencies Bulletin No. 2182
… contribution limits for employees enrolled in the New York State Deferred Compensation Plan for calendar year 2024: The … Affected Employees: Employees enrolled in the New York State Deferred Compensation Plan are affected. Effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2182-deferred-compensation-maximum-contributions-limits-calendar-year-2024State Agencies Bulletin No. 2088
… Purpose The purpose of this bulletin is to notify agencies of the following maximum contribution … for Deferred Compensation will increase from $20,500.00 to $22,500.00. An additional 50 and Over Catch-Up deferment is available to employees age 50 and over. Employees in this age bracket …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2088-deferred-compensation-maximum-contributions-limits-calendar-year-2023Retiring with an Outstanding Loan – Special 20- and 25-Year Plans
… 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your retirement benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of retirement …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanAre You Vested? And What It Means
… age requirements established by your retirement plan. Vesting is automatic; you do not have to fill out any paperwork to become vested. Tier 1, 2, 3 or 4 members who have at least five years of credited service are vested. As of April 9, 2022, Tier 5 and 6 members also only need five years of service credit …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansOrdinary Death Benefit
… 2022 – A.7730/S.6619-A (Abbate/Gounardes) - Increases the age at which the ordinary death benefit commences to be … System (TRS) is in service to the full retirement age. Memo Bill Text Status … Increases the age at which the ordinary death benefit commences to be …
https://www.osc.ny.gov/legislation/ordinary-death-benefitAdditional Benefits after 25 Years (Sections 384[f], [g] and [h]) – Special 20- and 25-Year Plans
… Eligibility Under these subdivisions of Section 384, you will receive … you have three months from the date it is offered to retire and receive the additional benefit. Once you’ve opted … of your FAE (a maximum of 32 years). If you are age 55 or older at retirement and your regular plan would provide …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-25-years-sections-384f-g-and-hState Agencies Bulletin No. 1972
… An additional deferment is available to employees age 50 and over remains unchanged at $6,500.00. Employees in this age bracket can defer up to $6,500.00 in addition to their … in each of the last three years prior to normal retirement age, increases from $19,500.00 to $20,500.00, for a combined …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1972-deferred-compensation-maximum-contribution-limits-calendar-year-2022State Agencies Bulletin No. 1877
… $19,500.00. An additional deferment available to employees age 50 and over remains unchanged at $6,500.00. Employees in this age bracket can defer up to $6,500.00 in addition to their … in each of the last three years prior to normal retirement age remains unchanged at $19,500 for a combined maximum total …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1877-deferred-compensation-maximum-contribution-limits-calendar-year-2021Membership Milestones for Employees’ Retirement System (ERS) Members
… entitled to a monthly benefit that may start as early as age 55. (You will forfeit the monthly benefit if you withdraw … of service credit, reductions for early retirement between age 55 and 62 are eliminated. After Retirement: If you retire … entitled to a monthly benefit that may start as early as age 55. (You will forfeit the monthly benefit if you withdraw …
https://www.osc.ny.gov/retirement/members/membership-milestones-employees-retirement-system-ers-members25-Year Benefit (Section 384) – Special 20- and 25-Year Plans
… interest earned). If you are age 55 or older at retirement and your regular plan would provide a greater benefit, the …
https://www.osc.ny.gov/retirement/publications/1517/25-year-benefit-section-384Becoming Eligible for a Benefit – Regional State Park Police Plan
… retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collected a vested … and salary you earned when you were an active member. Vesting is automatic — you do not have to fill out any …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefitNew York's Prison Population Continues Decline, But Share of Older Adults Keeps Rising
… The state’s prison population declined by half from March … No age segment under the age of 50 showed an increase. The number of older incarcerated individuals has grown from 7,511 … Care Overall health care costs for the state prison system have averaged about $350 million per year since State Fiscal …
https://www.osc.ny.gov/press/releases/2022/01/new-yorks-prison-population-continues-decline-share-older-adults-keeps-rising