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Items That May Affect Your Pension – Regional State Park Police Plan
Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1867/items-may-affect-your-pensionPartial Lump Sum Payment – Regional State Park Police Plan
… Police and Fire Retirement System members can choose to receive a reduced lifetime retirement benefit in exchange … 20- or 25-year plan; Retire on or after April 1, 2008; Have been eligible to retire with a service retirement … be reduced by the same percentage as the PLS option you have chosen. If you choose a different option, that option …
https://www.osc.ny.gov/retirement/publications/1867/partial-lump-sum-paymentChoosing a Payment Option – Regional State Park Police Plan
Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1867/choosing-payment-optionFinal Average Salary – Regional State Park Police Plan
Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1867/final-average-salaryService Credit – Regional State Park Police Plan
Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1867/service-creditAbout Your Membership – Regional State Park Police Plan
Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1867/about-your-membershipA Message From Comptroller Thomas P. DiNapoli – Regional State Park Police Plan
… I am joined by a staff of dedicated professionals in my commitment to helping you make informed decisions about …
https://www.osc.ny.gov/retirement/publications/1867/message-comptroller-thomas-p-dinapoliAccidental Disability – Non-Contributory Plan with Guaranteed Benefits
… Eligibility Regardless of the amount of service credit you may have, if you become permanently … to perform your job as the natural and proximate result of an on-the-job accident not due to your own willful …
https://www.osc.ny.gov/retirement/publications/1513/accidental-disabilityEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members: You must have at least five years of service credit. You are eligible to retire with full … employers, you may be required to complete two years of service before you can retire under the benefits of this …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingHow Contribution Rates Are Determined – What Every Employer Should Know
… pay benefits as they become due using demographic (rates of employee mortality, disability, turnover and retirement) … inflation and salary growth) assumptions. At the beginning of each fiscal year (April 1), the Actuary performs an … invoices is currently 5.9 percent, though this rate could change in the future based on investment returns. This …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… Number of Employees Who Are Members Generally, the more … the employer’s annual payment is likely to be. The total number of billable (active) members as of fiscal year ended … to offer improved retirement plans or optional benefits (for example, a one-year final average earnings for police …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentLong-Term Expected Contribution Rates – What Every Employer Should Know
… if the Fund consistently earned a 5.9 percent rate of return annually. On a long-term basis, employers should expect to pay these rates as a percentage of their payroll to NYSLRS each year. If the Fund averages … expected rate. You can review long-term expected rates by retirement system, tier and plan by clicking on the Final …
https://www.osc.ny.gov/retirement/employers/partnership/long-term-expected-contribution-ratesRetiring Before Age 62 – Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit … Percentage of Reduction 55 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Tier 2, 3, 5 and 6 Death Benefits – Career Plan
… by 3 percent each year you continue to be in service. It will not be reduced below 70 percent of the original …
https://www.osc.ny.gov/retirement/publications/1642/tier-2-3-5-and-6-death-benefitsPerformance of Duty Disability – Career Plan
… benefit within one year following the alleged incident or occurrence. Otherwise, you must have filed a written notice of the incident or occurrence with: The Retirement System within 90 days of the incident or occurrence; or Your employer within 30 days of the date of …
https://www.osc.ny.gov/retirement/publications/1642/performance-duty-disabilityBorrowing Against Your Contributions – Career Plan
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsBecoming Eligible for a Benefit – Career Plan
Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by Article 11 Sections 375h and 375i Becoming Eligible for a Benefit
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitContributing Toward Your Retirement – Career Plan
… an annuity when you retire. There will be some exceptions. For example, PFRS members covered by a collective bargaining … 5.75% More than $100,000 6% There will be some exceptions. For example, PFRS members covered by a collective bargaining … the date of membership, may not contribute. … Career Plan for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by …
https://www.osc.ny.gov/retirement/publications/1642/contributing-toward-your-retirementApplying for Benefits – Non-Contributory Plan with Guaranteed Benefits
… To apply for all Retirement System benefits, you must file the … of the State Comptroller. Giving your employer the form does not mean that you have “filed with the Comptroller.” As … be eligible to file applications “without prejudice” for disability and regular service retirement benefits …
https://www.osc.ny.gov/retirement/publications/1513/applying-benefitsPreparing for Retirement
… 18 Months Before You Retire Review your Member Annual Statement We provide a statement to our members every summer. It lists your … as of March 31 for each year. Beginning in 2020, your statement will be available to you within your Retirement …
https://www.osc.ny.gov/retirement/members/preparing-retirement