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Accidental Death Benefit – Regional State Park Police Plan
… in this order: First, to your surviving spouse for life; Second, where there is no surviving spouse or in … surviving spouse or minor children, to a dependent parent for life. If all the beneficiaries listed above become ineligible for benefit payments, and the payments made to that time do …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefitAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… eligible to retire, an alternative death benefit may be payable. This benefit would equal the pension reserve … die more than one year after leaving public employment, 50 percent of the vested death benefit may still be payable. This vested benefit is also payable if you die …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsVested Retirement Benefit – Career Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public … your last public employment determine the vested benefit. For an explanation of your benefit, please refer to the … Benefit section . The vested retirement benefit is payable for your lifetime. You may elect one of several payment …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitOrdinary Death Benefit – Regional State Park Police Plan
… beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility …
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
… To be eligible for this benefit, you must file an application for a performance of duty disability retirement … to receive. You must also select an option for the payment of your disability benefits . Filing You, your … authorized with your power of attorney may file your application for performance of duty disability retirement. …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… For this benefit, “in service” is when you are: On the payroll; or On authorized medical leave of absence for up to two years (which may be extended for an additional two years); or Receiving Workers’ Compensation … would equal one-half (50 percent) of your FAS, plus an annuity based on any annuity savings contributions you have …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – Regional State Park Police Plan
… and Fire Retirement System before September 1, 1997. For those who last joined on or after September 1, 1997 only … ten or more years of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If … equal to the greater of: 1/60th (1.66 percent) of your FAS for each year of credited service; or 1/60th (1.66 percent) …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-disabilityDivorce – Regional State Park Police Plan
… The New York State Court of Appeals has determined that retirement benefits are marital … distribution. "Equitable distribution" is the division of marital assets between spouses after the marriage has …
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
… deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any … of your earnings. You may borrow only once in any 12-month period. Prior to retirement, and 30 days after … not make the required payments on your loan at least once every three months or do not complete payment within five …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – 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/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… only to members with annuity savings contributions on deposit) This option will provide you with a reduced … your retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount … a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, which … may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary after your … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… Overtime earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in … will not be included in your FAS calculation: Unused sick leave; Payments made as a result of working your vacation; Any form of termination pay; Payments made in anticipation of retirement; Lump sum …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… duties, regardless of the amount of service you may have. Notice of Occurrence To be eligible for this benefit, you … or occurrence. Otherwise, you must have filed a written notice of the incident or occurrence with: The Retirement … took place on or after September 1, 1980. The written notice must detail the time and place of the incident or …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityCreditable Service – Regional State Park Police Plan
… be creditable toward the 25 years required for service retirement eligibility. Service performed in titles other … and death benefits but not toward your 25-year service retirement benefit. …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – Regional State Park Police Plan
… Tier 1 members receive full credit for sick leave at half pay; Tier 2, 3, 5 and 6 members receive … Since service is usually not credited for any period of time you do not receive a salary, credit is not given for: Leaves …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceDivorce – Police and Fire Plan
… The New York State Court of Appeals has determined that retirement benefits are marital … distribution. “Equitable distribution” is the division of marital assets between spouses after the marriage has …
https://www.osc.ny.gov/retirement/publications/1512/divorce