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Borrowing Against Your Contributions – Regional State Park Police Plan
… $319 $10,000 $637 All Tiers — Your Loan May Be Federally Taxable Before you apply, you should be aware of the federal … tax laws pertaining to NYSLRS loans. Your loan will be taxable if: The loan amount exceeds federal limits (federal … one or more outstanding loan balances. If your loan is taxable, or becomes taxable as described above, you must …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsAvailable Options – Regional State Park Police Plan
… the full initial value amount has been paid out to you, no benefit is payable to your beneficiary. Joint Allowance — …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsLimitations – Regional State Park Police Plan
… 1 If your date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding 12-month period by more than 20 …
https://www.osc.ny.gov/retirement/publications/1867/limitationsCreditable Service – Regional State Park Police Plan
… military service or service you earned as an officer of the New York State Police may also be creditable toward …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – Regional State Park Police Plan
… 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 …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceRegional State Park Police Plan – Regional State Park Police Plan
… Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867Full- and Part-Time Service Credit – Regional State Park Police Plan
… of days worked ÷ 260 days or annual salary reported ÷ (State’s hourly minimum wage × 2,000) Employers report days worked and salary to us. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/full-and-part-time-service-creditEnding Your Membership – Regional State Park Police Plan
… Once you join, there are five ways your membership can end: If you do not have at least five years of credited service and … system; If you retire; or If you die. “Public employment” means paid service as an officer or employee with an employer …
https://www.osc.ny.gov/retirement/publications/1867/ending-your-membershipBecoming Eligible for a Benefit – Regional State Park Police Plan
… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collected a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefitContributing Toward Your Retirement – Regional State Park Police Plan
… benefits, you are not required to contribute toward your retirement benefits, but may elect to make voluntary annuity savings contributions to the Retirement System. These contributions, plus the interest they earn, …
https://www.osc.ny.gov/retirement/publications/1867/contributing-toward-your-retirementTier Status – Regional State Park Police Plan
… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you … 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, 2009 through January 8, 2010* Tier 5 January 9, …
https://www.osc.ny.gov/retirement/publications/1867/tier-statusRetirement System Membership – Regional State Park Police Plan
… in the New York State and Local Police and Fire Retirement System (PFRS) must become members of the Retirement System. When you become a member, you must complete and file …
https://www.osc.ny.gov/retirement/publications/1867/retirement-system-membershipStay Informed – Regional State Park Police Plan
… help you and your beneficiaries achieve financial security in retirement or in the event of disability or death. Use these tips to help … way to review your benefits and conduct transactions in real time. In many cases, you’ll be able to use …
https://www.osc.ny.gov/retirement/publications/1867/stay-informedReceiving Your Benefits – Regional State Park Police Plan
… 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/receiving-your-benefitsWorld Trade Center Presumption – Regional State Park Police Plan
… If you participated in the World Trade Center rescue, recovery or cleanup efforts, and … employed by a participating employer of NYSLRS or another New York public retirement system at that time, you should be …
https://www.osc.ny.gov/retirement/publications/1867/world-trade-center-presumptionDeath Benefits – Regional State Park Police Plan
… 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/death-benefitsDisability Retirement Benefits – Regional State Park Police Plan
… 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/disability-retirement-benefitsVested Retirement Benefit – Regional State Park Police Plan
… is payable for your lifetime. You may elect one of several payment options to provide for a continuing payment to a designated beneficiary of your choosing after …
https://www.osc.ny.gov/retirement/publications/1867/vested-retirement-benefitPartial Lump Sum Payment – Regional State Park Police Plan
… To be eligible to choose a partial lump sum payment (PLS), you must: Retire under a special 20- or 25-year plan; Retire on or after April 1, 2008; Have been eligible to retire with a … retirement benefit).* Choosing a Lump Sum Payment When you file for retirement, if you are eligible for PLS, we will …
https://www.osc.ny.gov/retirement/publications/1867/partial-lump-sum-paymentChoosing a Payment Option – Regional State Park Police Plan
… 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-option