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Payment for Service Credit – Article 14 Benefits
… 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 … contributions. Optional costs are payments you choose to make to purchase credit for a period of previous or …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public … Benefit The vested benefit equals 2.1 percent of your FAS for each year of service. If you choose to begin receiving … will be reduced by the percentages shown: 6.67 percent for each year your early retirement age exceeds 60; and 3.33 …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingMaking Adjustments to Earnings and Days Worked – Enhanced Reporting
… If you need to correct a member’s earnings or days worked, submit an adjustment … loan payments or contributions. These fields should always say 0.00 for an adjustment (you can enter 0.00 in these …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/making-adjustments-earnings-and-days-workedBecoming Eligible for a Benefit – En-Con Police Officers Plan
… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. …
https://www.osc.ny.gov/retirement/publications/1822/becoming-eligible-benefitLife Changes: Membership in a Nutshell
… income tax of New York State or its municipalities.) The Internal Revenue Service requires that we withhold 20 percent … (RS5534) to transfer out of NYSLRS, or the Application for Internal Transfer of Membership (RS5535) for transfers …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellReceiving Your Benefit and Filing Your Option Election – En-Con Police Officers Plan
… from several options, all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life … payable to change your selection. If you are a disability retiree, you may change your option selection up to 30 days …
https://www.osc.ny.gov/retirement/publications/1822/receiving-your-benefit-and-filing-your-option-electionFiling Requirements – World Trade Center Presumption
Information about laws that may apply to those who participated in World Trade Center rescue recovery or cleanup efforts
https://www.osc.ny.gov/retirement/publications/world-trade-center/filing-requirementsReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … Members in certain circumstances (for example, members who have recently transferred a membership to NYSLRS) may not be … calculator at this time. These members should contact us to request an estimate. Filing Your Pension Payment …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionReceiving Your Benefit and Filing Your Pension Payment Option Election – Special 20- and 25-Year Plans
… they affect your potential benefit, and then save or print it. Sign in to your Retirement Online account , go to the ‘My … an Option Election form from our Forms page and submit it by mail. If your election is not timely, by law we must …
https://www.osc.ny.gov/retirement/publications/1517/receiving-your-benefit-and-filing-your-pension-payment-option-electionOrdinary Disability – En-Con Police Officers 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/1822/ordinary-disabilityAccidental Disability – En-Con Police Officers Plan
… job as the natural and proximate result of an on-the-job accident that was not due to your own willful negligence, you … after contact with members of the public. Notice of Accident To be eligible for this benefit, you must file an … retirement benefit within one year following the alleged accident. Otherwise, you must have filed a written notice of …
https://www.osc.ny.gov/retirement/publications/1822/accidental-disabilityState Police Disability (Section 363-b) – State Police Plan
… For this benefit, “service” is when you are: On the payroll; On an authorized medical leave of absence (with or …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bTaxes and Your Pension
… are not subject to New York State or local income tax. If you permanently moved to another state or if you spend more than 183 days in that state, your pension may … withholding status of “single with no adjustments” unless you inform us otherwise. The amount withheld is based on the …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionApplying for Benefits – Special 20- and 25-Year Plans
… To apply for all Retirement System benefits, you must file the … throughout this publication). For an application to be considered as “filed with the Comptroller,” it must be … have “filed with the Comptroller.” If you need help, you can call 866-805-0990, make an appointment for a …
https://www.osc.ny.gov/retirement/publications/1517/applying-benefitsStart Saving for Retirement
… far into the future but the steps you take now to save for retirement can make a huge difference when that day finally … Income Not sure how much you’ll need to save for retirement? It’s helpful to look at the other sources of …
https://www.osc.ny.gov/retirement/members/saving-for-retirementStraight Talk About Financial Planning For Your Retirement
… receiving Social Security benefits and do not yet have an online account. You can view your statement online anytime or you can request that a statement be mailed …
https://www.osc.ny.gov/retirement/publications/straight-talk-about-financial-planning-your-retirementReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… all of which will provide you with a monthly benefit for life. 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 … Single Life Allowance (Option 0). … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionVested Retirement Benefit – Non-Contributory Plan with Guaranteed Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public employment … When you reach retirement age, you will be entitled to a retirement benefit based on your service and salary … you were an active member. 1 The date you are eligible to retire depends on your tier. Tier 1 Full vested benefit as …
https://www.osc.ny.gov/retirement/publications/1513/vested-retirement-benefitVested 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-benefitWithdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
… Leave your contributions in your account and qualify for a retirement benefit when you are 55. To help you decide which would be … projection. To withdraw your membership, you should apply no earlier than 15 days after you leave public employment. …
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membership