Search
Vested Retirement Benefit – Regional State Park Police Plan
… The date you are eligible to retire depends on your tier. Tiers 1 & 2 — the first of the month following your 55th birthday. Tiers 3 & 5 — your 55th birthday. Tier 6 — your 63rd …
https://www.osc.ny.gov/retirement/publications/1867/vested-retirement-benefitItems That May Affect Your Pension – Regional State Park Police Plan
… Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/items-may-affect-your-pensionPartial Lump Sum Payment – Regional State Park Police Plan
… lifetime retirement benefit in exchange for a one-time lump sum payment. The lump sum payment is made when your retirement …
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 …
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 …
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 …
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
… for an accidental disability retirement benefit within one year following the alleged accident. The Benefit If approved, …
https://www.osc.ny.gov/retirement/publications/1513/accidental-disabilityEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… credit after July 1, 1973. You are eligible to retire with full benefits at age 62, or may choose early retirement with … years of service credit. You are eligible to retire with full benefits at age 62, or may choose early retirement with …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingSalary and Service: Keys to Retirement Benefits
… you earn. They are referred to as Service Credit and Final Average Earnings (FAE) . … A NYSLRS members service credit and final average earnings FAE are two major factors that will …
https://www.osc.ny.gov/retirement/members/salary-and-service-keys-retirement-benefitsHow Contribution Rates Are Determined – What Every Employer Should Know
… Actuary ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates … rates, inflation and salary growth) assumptions. At the beginning of each fiscal year (April 1), the Actuary … First, the Actuary determines the dollar amount needed to pay all current and future benefits (actuarial …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… to offer improved retirement plans or optional benefits (for example, a one-year final average earnings for police officers and/or firefighters) to their employees. For example, if an employer chooses to provide a special plan …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentLong-Term Expected Contribution Rates – What Every Employer Should Know
… rates to the actual annual contribution rates from for both Employees’ Retirement System (ERS) and Police and …
https://www.osc.ny.gov/retirement/employers/partnership/long-term-expected-contribution-ratesAbout Benefit Reductions
… early as age 55 with a reduction for early retirement.* *Tier 1 members can retire at age 55 without a benefit reduction. Retirement System and Tier Retirement Age for Full Benefit ERS Tiers 2, 3, 4 and 5 62 ERS Tier 6 63 PFRS Tiers 2, 3 and 5 62 PFRS Tier 6 62 for service …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsDeath Benefits
… Your beneficiary information is listed in your Retirement Online account and on your Member Annual … see the Death Benefits — Retirees page . Review Your Retirement Plan Publication The death benefits that may be … 11 benefits, and you die under circumstances that permit payment of an accidental death benefit, a special accidental …
https://www.osc.ny.gov/retirement/members/death-benefitsDisability Retirement – Divorce and Your Benefits
… a member’s disability retirement benefit is subject to equitable distribution is an issue for the Court. Many … use service credit at retirement to determine a member’s pension benefit. Instead, the pension is a fixed percentage of the member’s final average …
https://www.osc.ny.gov/retirement/members/divorce/disability-retirementSubmitting a DRO – Divorce and Your Benefits
… Matrimonial Bureau 110 State Street Mail Drop 7-9 Albany, NY 12244-0001 DROs can also be emailed to dro@osc.ny.gov or faxed to 518-473-0718. After receiving a signed …
https://www.osc.ny.gov/retirement/members/divorce/submitting-droPost Retirement Reporting
… you do not have retirees to report. Use our help desk form . From dropdown menu, select Post Retirement Reporting . … for help accessing Retirement Online , use our help desk form (from the dropdown menu, select Post Retirement …
https://www.osc.ny.gov/retirement/employers/post-retirement-reportingPreparing for Retirement
… you’ll need to consider. Step One: Sign up for Retirement Online , our self-service tool that offers an easy and secure … totals, view or update your beneficiaries, estimate your pension amount and apply for service retirement. At Least … Most members can estimate their pension using the benefit calculator in Retirement Online . Sign in to your Retirement …
https://www.osc.ny.gov/retirement/members/preparing-retirement