Search
NYS Comptroller DiNapoli Announces Coal Investments Under Review
… presented by climate change put their portfolios in jeopardy,” DiNapoli said. “We are assessing minimum standards … from the Fund’s portfolio because they earn at least 10 percent of revenues from mining thermal coal – coal that …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-announces-coal-investments-under-reviewComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… toward the federal Paycheck Protection Program (PPP), a component of the latest coronavirus relief package. Under … be consistent with U.S. Treasury securities. “New York small businesses are facing unprecedented challenges that … men and women out of work,” DiNapoli said. “We’re doing what we can to help small businesses keep employees on their …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Eligibility You are eligible for a vested retirement benefit … Social Security benefit. Filing To receive your vested pension at the earliest possible date, file a retirement … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingApplying for Benefits – Article 14 Benefits
… To apply for Retirement System benefits, you must file the appropriate … in each benefit description. If you need help, you can call or write us, or make an appointment with an … you can fulfill the filing requirements by mailing the document to us: New York State and Local Retirement System …
https://www.osc.ny.gov/retirement/publications/1644/applying-benefitsMore About This Retirement Plan – Article 14 Benefits
Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Disability – Article 14 Benefits
… the disability is the natural and proximate result of an accident sustained in the performance of duties not caused by … Security disability benefits, the reduction begins at age 62. The benefit is also subject to full escalation. Learn … service. Active service is defined as: Service while on your employer’s payroll; or When you are on an authorized …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Disability – Article 14 Benefits
… Eligibility To qualify for the ordinary disability retirement benefit, you must: Be … Have five years of credited service; and Be eligible for primary Social Security disability benefits. The Benefit … of: One-third of your FAS or 2 percent of your FAS for each year of credited service, up to 25 years. It is …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… established by the Comptroller; or To any other person who qualified as a dependent on your final federal income tax … appropriate forms to your beneficiary. If you die on or after January 1, 2020, the application for the accidental … within five years of your date of death (for members who died before January 1, 2020, the application had to be filed …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… If you are a vested member with at least ten years of credited … should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. … Article 14 …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… benefit may be payable to your designated beneficiary if you have 90 days of service and your death occurs: While you are … should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. … Article …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… Single Life Allowance (Option 0) This is the basic retirement … After your death, your beneficiary will receive the same monthly amount (without COLA) for life. If your … after your retirement. If your beneficiary is your spouse at the time of your death, he or she will be eligible …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose from several options, all of which will provide … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionEscalation – Article 14 Benefits
… The full escalation date for a service retirement is the first day of the month following the date you complete or would have completed 25 years of service credit. If you begin collecting your … The full escalation date for a disability benefit is the first day of the month following the date you become eligible …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… age 62, your service retirement benefit equals 2.1 percent of your FAS for each year of service credit. The benefit is … primary Social Security benefit. Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary … 37.8 percent × $60,000 = $22,680 $12,000 × 50 percent = $6,000 Primary Social Security Benefit Reduction $22,680 − …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… With 20 years of service credit, you can apply for early retirement regardless of your age. The early retirement …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… credit, you can apply for normal retirement regardless of your age. The normal retirement benefit equals 50 percent of … of a benefit, based on the cost-of-living index. Some benefits are eligible for full escalation, while others are … partial escalation. If you retire with at least 22 years and 1 month of service credit, but less than 25 years, you …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementPayment for Service Credit – Article 14 Benefits
… Service Costs: You joined the Retirement System on July 13, 2009, but your employer did not begin taking … 3, 2009. You would then need to make payments for July 13th through August 3rd. … Article 14 information for PFRS …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditLeaves of Absence – Article 14 Benefits
… Half credit is given for sick leave at half pay. Since service is usually not …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absenceFull- and Part-Time Service Credit – Article 14 Benefits
… basis; and You earn at least the annual equivalent of New York State’s annual minimum wage for your full career in …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditEnding Your Membership – Article 14 Benefits
… Once you join the Retirement System, your membership cannot end unless you: Are not vested and seven years have elapsed since you … ; Transfer your membership to another retirement system; Retire; or Die. … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membership