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Available Options – Career Plan
… year, or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … If all of your accumulated annuity savings contributions have been expended, all payments will cease upon your death. … your benefit will be increased to the amount you would have received if you had selected the Single Life Allowance …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Regional State Park Police Plan
… year, or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … If all of your accumulated annuity savings contributions have been expended, all payments will cease upon your death. … your benefit will be increased to the amount you would have received if you had selected the Single Life Allowance …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsAvailable Options – New Career Plan
… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… year, or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … If all of your accumulated annuity savings contributions have been expended, all payments will cease upon your death. … your benefit will be increased to the amount you would have received if you had selected the Single Life Allowance …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… accumulated contributions (with interest compounded at 5 percent per year); or Leave your contributions in your … the Retirement System. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipAutomated Phone Service
… information. Hear information about your current federal withholding status. To request a W-4P form. 5 …
https://www.osc.ny.gov/retirement/retirees/automated-phone-serviceBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… If you meet eligibility requirements and have member contributions in your account, you can take a … your tier and retirement plan), you can only borrow if you have voluntary contributions on file. Tier 2 and 3 (Article … through payroll deductions. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsContributing Toward Your Retirement – State Police Plan
… Tier 2 Members You don’t need to contribute toward your retirement. However, you can make … You can contribute any whole percentage from 1 percent to 10 percent. Voluntary contributions are taken after taxes. … a portion of your pension would be non-taxable. To begin making voluntary contributions, complete a Section …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementTransferring or Terminating Your Membership
… less than five years of service credit and have not worked in covered public service for at least seven years; or You … your membership to another public retirement system in New York State. If you previously were a member of the New … System (NYSLRS), or another public retirement system in New York State, your service may be recredited and your …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipPlanning
… money you will have when you retire. For example, a Tier 4 member retiring at age 62 with 25 years of service will receive a maximum … savings plan is to start early. No matter what your age, it’s not too early to start financial planning. The …
https://www.osc.ny.gov/retirement/members/planningBorrowing Against Your Contributions – State Police Plan
… your contributions: You must be in active service and have at least one year of member service credit. You must … through payroll deductions. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after … balance, minus any outstanding loan balance, so you must have an annuity savings balance of at least $33.35. Annuity …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0Available Options – Article 14 Benefits
… life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, … your birth date and that of your beneficiary. After your death, your beneficiary will receive the same monthly amount … after your retirement. If your beneficiary is your spouse at the time of your death, he or she will be eligible …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… be divided between you and your ex-spouse. However, it does not allow for a distribution of your pension until you … of the State Comptroller. Giving your employer the form does not mean that you have “filed with the Comptroller.” As …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80Borrowing Against Your Contributions – Article 14 Benefits
… be taxable if: The loan amount exceeds federal limits. You have a loan with a deferred compensation (457) or … You retire or withdraw from the Retirement System and have one or more outstanding loan balances when you retire or … be required to pay a 10 percent penalty tax in addition to any ordinary federal income tax you owe. Please consider …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsBecoming Eligible for a Benefit – Article 14 Benefits
… employment. Vesting is automatic — you do not have to fill out any paperwork or file an application to become vested. As … may leave public employment and, at a later date, apply for and receive a vested retirement benefit . You can choose … when you were an active member. … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitPartial Lump Sum Payment – Special 20- and 25-Year Plans
… Eligible PFRS members can elect to receive a partial lump sum (PLS) payment at retirement. If … of the month following your retirement month. Eligibility To be eligible for the PLS payment, you must: Retire under a special 20- or 25-year plan; Have been eligible to retire with a service retirement benefit for at least one …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentPartial Lump Sum Payment – State Police Plan
… you must: Retire under a special 20- or 25-year plan; Have been eligible to retire with a service retirement … available percentages are based on the number of years you have been eligible to retire. The chart below outlines when … will be reduced by the percentage of the PLS option you have chosen. If you choose a different payment option, it …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentContributing Toward Your Retirement – Special 20- and 25-Year Plans
… years of membership, we use the annual wage provided to us by your employer (on your membership application) to … you actually earned in the last completed State fiscal year (April 1 to March 31). Part-time employee contribution …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementWithdrawing Your Contributions and/or Your Membership – State Police Plan
… also apply by mail by submitting a Withdrawal Application (RS5014) . 1 Once you have ten or more years of service …
https://www.osc.ny.gov/retirement/publications/1518/withdrawing-your-contributions-andor-your-membershipPayment for Service Credit – Article 14 Benefits
… As a Tier 3 member covered by Article 14, you will usually be required to pay for service currently not credited to you. There are two kinds of past service costs — mandatory … optional. Mandatory costs are required for service credit you earned as a member but for which you made no (or …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-credit