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Challenging a Determination – Coordinated Plan For ERS Tier 3 and 4 Members

… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Challenging a Determination …

https://www.osc.ny.gov/retirement/publications/1522/challenging-determination

Available Options – Coordinated Plan For ERS Tier 3 and 4 Members

… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Available Options …

https://www.osc.ny.gov/retirement/publications/1522/available-options

Tier Status – Coordinated Plan For ERS Tier 3 and 4 Members

… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Tier …

https://www.osc.ny.gov/retirement/publications/1522/tier-status

A Message From Comptroller Thomas P. DiNapoli – Coordinated Plan For ERS Tier 5 Members

Coordinated Plan information for ERS Tier 5 members under Article 15 A Message from Comptroller Thomas P DiNapoli

https://www.osc.ny.gov/retirement/publications/1523/message-comptroller-thomas-p-dinapoli

Coordinated Plan For ERS Tier 5 Members – Coordinated Plan For ERS Tier 5 Members

… Tier 5 members under Article 15 Covers pension disability and death benefits …

https://www.osc.ny.gov/retirement/publications/1523

Cost-of-Living Adjustment – Article 14 Benefits

… 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 five or more years. When you die, if you selected an …

https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustment

Borrowing Against Your Contributions – Article 14 Benefits

… If you meet eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should be aware … issued. You retire or withdraw from the Retirement System and have one or more outstanding loan balances when you …

https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributions

Accidental Disability – Article 14 Benefits

… reduction begins at age 62. The benefit is also subject to full escalation. Learn more about escalation. Filing You, …

https://www.osc.ny.gov/retirement/publications/1644/accidental-disability

Accidental Death Benefit – Article 14 Benefits

… escalation. ) The benefit is paid to your beneficiaries, in this order: To your surviving spouse, provided he or she has not renounced survivorship rights in a separation agreement, until death or remarriage;* To … benefit will be divided equally among the beneficiaries in any one category if you have more than one child, parent …

https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefit

Ordinary Death Benefit – Article 14 Benefits

… payable to your designated beneficiary if you have 90 days of service and your death occurs: While you are on the payroll; or While you are on an authorized medical leave … Service law. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …

https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefit

Available Options – Article 14 Benefits

… depending upon which option you elect, payments in the same amount you were receiving (without COLA) will be … for other payment methods. These requests must be outlined in detail by you and then approved by us for legal and …

https://www.osc.ny.gov/retirement/publications/1644/available-options

Receiving Your Benefit and Filing Your Option Election – Article 14 Benefits

… from several options, all of which will provide you with a monthly benefit for life. You may elect the Single Life … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a smaller monthly benefit to provide for a …

https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-election

Escalation – Article 14 Benefits

… Escalation is the annual increase or decrease of a benefit, based on the cost-of-living index. Service retirement benefits can be … for PFRS Tier 3 members Covers pension disability and death benefits …

https://www.osc.ny.gov/retirement/publications/1644/escalation

Retirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits

… service retirement benefit equals 2.1 percent of your FAS for each year of service credit. The benefit is reduced by 50 … Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … Annual Benefit — No Escalation Filing Your Application for Service Retirement (RS6037) must be on file with the …

https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-service

Early Retirement – Article 14 Benefits

… With 20 years of service credit, you can apply for early retirement … your FAS for 20 years of service credit plus an additional 4 percent of your FAS for each year of service (or prorated … Benefit = $27,600 At Age 62: $12,000 × 50 percent = $6,000 Primary Social Security Benefit Reduction $27,600 − …

https://www.osc.ny.gov/retirement/publications/1644/early-retirement

Normal Retirement – Article 14 Benefits

… You can choose normal retirement or early retirement, but must be separated from service on the first … least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal retirement …

https://www.osc.ny.gov/retirement/publications/1644/normal-retirement

Payment for Service Credit – Article 14 Benefits

… pay for service currently not credited to you. There are two kinds of past service costs — mandatory and optional. … service. Once you have made payment and have accrued two years of service credit as a member, you can receive that …

https://www.osc.ny.gov/retirement/publications/1644/payment-service-credit

Leaves of Absence – Article 14 Benefits

… unpaid medical leaves of absence; or Unpaid leave under the federal Family and Medical Leave Act. Workers’ … Compensation leave. To determine your eligibility and the cost (if any), please send a request to the Retirement System for review. State Police employees will …

https://www.osc.ny.gov/retirement/publications/1644/leaves-absence