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Available Options – Career Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Regional State Park Police Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsAvailable Options – New Career Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsAutomated Phone Service
… to enter the last four digits of your Social Security number and your date of birth. We need this information to … be asked for the last four digits of your Social Security number and your date of birth so that we can locate your … the categories of information listed below. Press the number(s) that corresponds to the information you're looking …
https://www.osc.ny.gov/retirement/retirees/automated-phone-serviceWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… years of credited service, you may choose to: End your membership and withdraw your accumulated contributions (with interest … benefit when you become eligible. If you choose to withdraw, or you have less than five years of service and do …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… have member contributions in your account, you can take a loan from NYSLRS. If you aren’t required to contribute … complete payment within five years from the date the loan was issued. You retire or withdraw from NYSLRS and have one … in to your Retirement Online account , then look under “My Account Summary” to see the available self-service loan …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsContributing Toward Your Retirement – State Police Plan
… rate on what you actually earned in the last completed State fiscal year (April 1 to March 31). Contribution rates … $75,000.01 to $100,000 5.75% More than $100,000 6.00% … State Police Plan information for PFRS Tier 2 5 and 6 members …
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
… of where you are and what you would like your life to be in the future. However, having goals is one thing — … to do. You need to determine how much income you will need in retirement. The first step is to draw up a list of all … Security income of 20 percent of pre-retirement earnings. In our example, the combination of Social Security and …
https://www.osc.ny.gov/retirement/members/planningBorrowing Against Your Contributions – State Police Plan
… You must be in active service and have at least one year of member service credit. You must repay each outstanding … The minimum loan is $25. The maximum loan is 75 percent of your annuity savings contribution balance, minus any … loan balance, so you must have an annuity savings balance of at least $33.35. Annuity savings contributions are those …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0Available Options – Article 14 Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, your … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
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
… If you meet eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should … tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal … loan at least once every three months or do not complete payment within five years from the date the loan was issued. …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsBecoming Eligible for a Benefit – Article 14 Benefits
… As long as you do not withdraw your contributions, you will have earned the … your public employment. Vesting is automatic — you do not have to fill out any paperwork or file an application …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitPartial Lump Sum Payment – Special 20- and 25-Year Plans
… can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … a Lump Sum Payment You must select a pension payment option and PLS payment by the end of the month in which you … for retirement by mail, we will send you a special Option Election Form so you can choose a PLS percentage, or you can …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentPartial Lump Sum Payment – State Police Plan
… can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … a Lump Sum Payment You must select a pension payment option and PLS payment by the end of the month in which you … for retirement by mail, we will send you a special Option Election Form so you can choose a PLS percentage, or you can …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentContributing Toward Your Retirement – Special 20- and 25-Year Plans
… Tier 2 and 3 (Article 11) Members You are not required to contribute … a portion of your pension would be non-taxable. To begin making voluntary contributions, complete an Election to Make … to $100,000 5.75% More than $100,000 6.00% *There may be some exceptions. For example, PFRS members covered by a …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementWithdrawing Your Contributions and/or Your Membership – State Police Plan
… no earlier than 15 days after you leave public employment. Sign in to your Retirement Online account , go to the ‘My Account … from PFRS. Any mandatory contributions you made must stay in your account. If you qualify for a retirement benefit and …
https://www.osc.ny.gov/retirement/publications/1518/withdrawing-your-contributions-andor-your-membershipPayment for Service Credit – Article 14 Benefits
… Example of Mandatory Past Service Costs: You joined the Retirement System on July 13, 2009, but your employer did not …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-credit