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Ordinary Death Benefit – Career Plan for ERS Tier 2 Members
… Tier 2 members covered by Sections 75f and 75g Ordinary Death Benefit …
https://www.osc.ny.gov/retirement/publications/1508/ordinary-death-benefitLeaves of Absence – Career Plan for ERS Tier 2 Members
… ERS Tier 2 members covered by Sections 75f and 75g Leaves of Absence …
https://www.osc.ny.gov/retirement/publications/1508/leaves-absenceEnding Your Membership – Career Plan for ERS Tier 2 Members
Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g Ending Your Membership
https://www.osc.ny.gov/retirement/publications/1508/ending-your-membershipRetirement System Membership – Career Plan for ERS Tier 2 Members
Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g Ending Your Membership
https://www.osc.ny.gov/retirement/publications/1508/retirement-system-membershipA Message From Comptroller Thomas P. DiNapoli – Coordinated Plan for ERS Tier 6 Members
… … Coordinated Plan information for ERS Tier 6 members under Article 15 A Message from …
https://www.osc.ny.gov/retirement/publications/1530/message-comptroller-thomas-p-dinapoliVested Retirement Benefit – Career Plan for ERS Tier 2 Members
Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g Vested Retirement Benefit
https://www.osc.ny.gov/retirement/publications/1508/vested-retirement-benefitStay Informed – Coordinated Plan For ERS Tier 3 and 4 Members
Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Stay Informed
https://www.osc.ny.gov/retirement/publications/1522/stay-informedCost-of-Living Adjustment – Article 14 Benefits
… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will … begin receiving COLA when you are: 62 or older and retired for five or more years; or 55 or older and retired for ten or more years; or Receiving a disability pension for …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds … your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax … if refinancing your current loan or carrying multiple loans would be better for you. Although the repayment amount …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsAccidental Disability – Article 14 Benefits
… the natural and proximate result of an accident sustained in the performance of duties not caused by your own willful … the natural and proximate result of an accident sustained in the performance of duties not caused by your own willful … The application should be filed while you are still in active service. Active service is defined as: Service …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityAccidental Death Benefit – 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/accidental-death-benefitOrdinary Death Benefit – Article 14 Benefits
… to your designated beneficiary if you have 90 days of service and your death occurs: While you are on the payroll; … of $1,000. The salary is limited by Section 130 of the Civil Service law. The first $50,000 of this benefit is paid … contributions are also payable to your beneficiary. Filing Your family or employer should notify us of your death …
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 … month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… benefit paid. You can choose from several options, all of which will provide you with a monthly benefit for life. … Election form (unless notified otherwise, as in the case of disability retirement) before the first day of the month following your retirement date. You have up to …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionEscalation – Article 14 Benefits
… is the annual increase or decrease of a benefit, based on the cost-of-living index. Service retirement benefits can be eligible for either full or partial escalation. If a benefit is … the date you become eligible for that benefit. For death benefit payments, it is the first day of the month …
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 reduced by 50 percent of your primary Social Security benefit. Example: Retiring …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… on file with the Office of the State Comptroller at least 15 days, but not more than 90 days, before the date on which your retirement will occur. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… or early retirement, but must be separated from service on the first of the month following the month you reach 62. With at least … for escalation — the annual increase or decrease of a benefit, based on the cost-of-living index. Some benefits …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementPayment for Service Credit – Article 14 Benefits
… covered by Article 14, you will usually be required to pay for service currently not credited to you. There are two … — mandatory and optional. Mandatory costs are required for service credit you earned as a member but for which you made no (or insufficient) contributions. …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditLeaves of Absence – Article 14 Benefits
… given for sick leave at half pay. Since service is usually not credited for any period of time you do not receive a salary, credit is not given for: Leaves of … send a request to the Retirement System for review. State Police employees will receive up to one year of service …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absence