Search
Membership Milestones for Police & Fire Retirement System (PFRS) Members
… how your years of service affect your retirement benefits. For specific information about your retirement plan, go to … more years of service credit, you are: Eligible to apply for a non-job-related disability benefit. Eligible for an out-of-service death benefit, if you leave public …
https://www.osc.ny.gov/retirement/members/membership-milestones-police-fire-retirement-system-pfrs-membersVested Retirement Benefit – Non-Contributory Plan with Guaranteed Benefits
… 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/1513/vested-retirement-benefitVested Retirement Benefit – Police and Fire Plan
… age, you will be entitled to a retirement benefit based on your service and salary earned when you were an active … member. 1 The date you are eligible to retire depends on your tier. Tier 1 Full vested benefit as early as the … eligibility date, your vested retirement will be effective on the date the application is received. Remember, it is up …
https://www.osc.ny.gov/retirement/publications/1512/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-benefitVested Retirement Benefit – New Career Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public employment before retirement age and you have five years of credited service. …
https://www.osc.ny.gov/retirement/publications/1515/vested-retirement-benefitRetiring with an Outstanding Loan – State Police Plan
… loan balance at retirement. The approximate reductions are for calendar year 2021. The amount of the reduction changes … $5,000 $236 $10,000 $472 … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Borrowing …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… Annual Pension Reduction 45 $5,000 $255 $10,000 $510 55 $5,000 $289 $10,000 $578 65 $5,000 $352 $10,000 $670 …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanAbout Offering a Retirement Plan – What Every Employer Should Know
… accounts that are dependent on the return on investments. In today’s employment landscape, a retirement plan that … helps attract and retain qualified workers interested in career-long employment. The plans administered by the New … System plans are managed with integrity. That is due, in large part, to the dedicated and experienced employees …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-planCost-of-Living Adjustment – Special 20- and 25-Year Plans
… requirements, including age and number of years retired, your retirement benefit will permanently increase … (COLA) — subject to pension caps and limitations — is 50 percent of the previous year’s annual rate of inflation … to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. You will …
https://www.osc.ny.gov/retirement/publications/1517/cost-living-adjustmentLife Changes: Membership in a Nutshell
… you to know how membership in the New York State and Local Retirement System (NYSLRS) can directly affect your financial future and the future of your loved ones. Whether you are just joining NYSLRS or … New York City Police Pension Fund New York City Fire Department Pension Fund New York City Board of Education …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellDiNapoli: Increase in Older Inmates Challenges New York's Prison System
… experts, aimed at addressing an aging inmate population. For example, some experts have suggested that because of factors, including recidivism rates that are lower for older inmates than for their younger counterparts, use of early release for …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-increase-older-inmates-challenges-new-yorks-prison-systemCost-of-Living Adjustment – Regional State Park Police Plan
… die, if you selected an option at retirement that pays a lifetime benefit to your beneficiary, and the beneficiary is …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentState Agencies Bulletin No. 1877
… Deferred Compsensation Plan or by calling the Nationwide Helpline at 1-800-422-8463. Representatives are available …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1877-deferred-compensation-maximum-contribution-limits-calendar-year-202120-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… Eligibility You will be eligible to retire with 20 or more years of creditable service, regardless of age. … is: Service as a firefighter or police officer under the 20-year plan; Service as a member or officer of the New York … not available to Tier 3 members. The Benefit With at least 20 years of creditable service, your pension will be 50 …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dReducing Medicaid Costs for Recipients Who Are Eligible for Medicare (Follow-Up)
… effective July 2023 and complete the renewals by December 2025. The objective of our initial audit, issued on September …
https://www.osc.ny.gov/state-agencies/audits/2025/08/13/reducing-medicaid-costs-recipients-who-are-eligible-medicare-followCost-of-Living Adjustment – Police and Fire Plan
… benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous … or more than 3 percent of your benefit. The adjustment percentage is applied only to the first $18,000 of your …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous … or more than 3 percent of your benefit. The adjustment percentage is applied only to the first $18,000 of your …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentCost-of-Living Adjustment – State Police Plan
… requirements, including age and number of years retired, your retirement benefit will permanently increase … (COLA) — subject to pension caps and limitations — is 50 percent of the previous year’s annual rate of inflation … first $18,000 of your Single Life Allowance amount, even if you selected a different option at retirement. You will …
https://www.osc.ny.gov/retirement/publications/1518/cost-living-adjustmentCost-of-Living Adjustment – Career Plan
… benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous … or more than 3 percent of your benefit. The adjustment percentage is applied only to the first $18,000 of your …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentCost-of-Living Adjustment – New Career Plan
… (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to members in special plans that allow for retirement, regardless of age, after a specific number of …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustment