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Accidental Death Benefit – Regional State Park Police Plan
… of his or her death, to minor children until they reach age 18, or if students, until age 23; Finally, where there is no surviving spouse or minor …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefitAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… Alternative Death Benefit If you die while in service, after becoming eligible to retire, an … ten years of credited service, have not retired, and you die more than one year after leaving public employment, 50 … be payable. This vested benefit is also payable if you die within one year of leaving covered service but were …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsVested 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
… payroll, provided your employment has not been terminated by resignation, employer action, retirement or any other … (8.33 percent) of your last year’s earnings, multiplied by your years of service credit, up to 36 years. Ordinary … raised to the next highest multiple of $1,000, as limited by Section 130 of the Civil Service Law. Filing Your family …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitAccidental Disability – Regional State Park Police Plan
… of the date of the accident, if your employer is covered by the Workers’ Compensation Law or if the accident occurred … (75 percent) of your FAS, plus an annuity provided by any annuity savings contributions you may have made while … of tier, the accidental disability benefit will be reduced by the total amount of Workers’ Compensation benefits that …
https://www.osc.ny.gov/retirement/publications/1867/accidental-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… Eligibility You may be entitled to this disability benefit if you are found permanently disabled as a result of the performance of your duties, regardless of the … 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 age 60; and Physically or mentally unable to perform your duties as the natural and proximate result of … payroll; or On authorized medical leave of absence for up to two years (which may be extended for an additional two …
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
… The New York State Court of Appeals has determined that retirement … may be revoked for the Ordinary Death Benefit, Cash Refund Initial Value option (Tier 1), Cash Refund … option (Tiers 1, 2 and 3) and Five and Ten Year Certain options. The Survivor Benefit beneficiary designations made …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the … of your benefit. The adjustment percentage is applied only to the first $18,000 of your Single Life Allowance, even if … an option at retirement that pays a lifetime benefit to your beneficiary, and the beneficiary is your spouse, he …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The following rules … within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… fiscal year (April 1st – March 31st). This amount is set by federal law and is periodically adjusted for inflation. … … 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
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides … be paid to any beneficiary. Cash Refund — Contributions (Option ½) (Available only to members with annuity savings contributions on deposit) This option will provide you with a reduced monthly benefit for …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… to a designated beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of disability …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… year included in the FAS period exceed the average of the previous two years by more than 20 percent, the amount in … year included in the FAS period exceed the average of the previous two years by more than 20 percent, the amount in … year included in the FAS period exceed the average of the previous four years by more than 10 percent, the amount in …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular salary; Overtime earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… must be filed while you are still in service or within two years of your discontinuance from service. When filing … On an authorized medical leave of absence for up to two years (which may be extended for an additional two years); or Receiving Workers’ Compensation or other …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityCreditable Service – Regional State Park Police Plan
… military service or service you earned as an officer of the New York State Police may also be creditable toward … 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/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 half credit for sick leave at half pay. Since service is usually not credited …
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 … distribution. “Equitable distribution” is the division of marital assets between spouses after the marriage has ended. This division must be stated in the form of a Domestic Relations Order (DRO) if we are to pay a …
https://www.osc.ny.gov/retirement/publications/1512/divorce