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Divorce – En-Con Police Officers Plan

… that retirement benefits are marital property and subject to equitable distribution. “Equitable distribution” is the … in the form of a Domestic Relations Order (DRO) if we are to pay a portion of your pension to your ex-spouse. A DRO gives us specific direction on how …

https://www.osc.ny.gov/retirement/publications/1822/divorce

Borrowing Against Your Contributions – En-Con Police Officers Plan

… If you meet eligibility requirements, you may take a loan from … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 $10,000 $510 65 $5,000 $319 …

https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributions

IRS Pension Limitation – En-Con Police Officers Plan

… amount is set by federal law and is periodically adjusted for inflation. … EnCon Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383b …

https://www.osc.ny.gov/retirement/publications/1822/irs-pension-limitation

Special Accidental Death Benefit – En-Con Police Officers Plan

… accidental death benefit will not be less than: The full salary you would have earned in the highest grade-step; …

https://www.osc.ny.gov/retirement/publications/1822/special-accidental-death-benefit

Accidental Death Benefit – En-Con Police Officers Plan

… in this order: First, to your surviving spouse, for life; Second, where there is no surviving spouse or in … surviving spouse or minor children, to a dependent parent for life. If all the beneficiaries listed above become ineligible for benefit payments, and the payments made to that time do …

https://www.osc.ny.gov/retirement/publications/1822/accidental-death-benefit

Alternative and Out-of-Service Death Benefits – En-Con Police Officers Plan

… as of the date of your death. A comparison will be made and the greater benefit will be paid. Out-of-Service Death … with at least ten years of credited service, have not retired and you die more than one year after leaving public …

https://www.osc.ny.gov/retirement/publications/1822/alternative-and-out-service-death-benefits

Ordinary Death Benefit – En-Con Police Officers Plan

… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet … be payable to your designated beneficiary if you are a: Tier 1 member and have completed at least one year of service since last joining the Retirement System; or Tier 2, 3, 5 or 6 member and have completed at least 90 days of …

https://www.osc.ny.gov/retirement/publications/1822/ordinary-death-benefit

Stay Informed – Non-Contributory Plan with Guaranteed Benefits

… Your retirement benefits are an important part of a solid … you and your beneficiaries achieve financial security in retirement or in the event of disability or death. Use these … be able to use Retirement Online instead of mailing forms or calling NYSLRS. Members can view benefit …

https://www.osc.ny.gov/retirement/publications/1513/stay-informed

Accidental Disability – En-Con Police Officers Plan

… due to your own willful negligence, you may be eligible for this benefit. You may also be eligible if you are … members of the public. Notice of Accident To be eligible for this benefit, you must file an application for an accidental disability retirement benefit within one …

https://www.osc.ny.gov/retirement/publications/1822/accidental-disability

Performance of Duty Disability – En-Con Police Officers Plan

… Eligibility You may be entitled to a performance of duty disability benefit if you are found … your duties, regardless of the amount of service you may have. You may also be eligible if you are permanently … the alleged incident or occurrence. Otherwise, you must have filed a written notice of the incident or occurrence …

https://www.osc.ny.gov/retirement/publications/1822/performance-duty-disability

En-Con Police Disability – En-Con Police Officers Plan

… Eligibility You would be entitled to this disability benefit if, at the time of filing, you … (For a disability not sustained in service, you must have at least five years of total service credit as a police … an annuity based on any annuity savings contributions you have made. The mandatory contributions made by Tier 5 and 6 …

https://www.osc.ny.gov/retirement/publications/1822/en-con-police-disability

Ordinary Disability – En-Con Police Officers Plan

… and Fire Retirement System before September 1, 1997. For those who last joined on or after September 1, 1997, only … ten or more years of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If … equal to the greater of: 1/60th (1.66 percent) of your FAS for each year of credited service; or 1/60th (1.66 percent) …

https://www.osc.ny.gov/retirement/publications/1822/ordinary-disability

Vested Retirement Benefit – En-Con Police Officers 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 — …

https://www.osc.ny.gov/retirement/publications/1822/vested-retirement-benefit

Items That May Affect Your Pension – En-Con Police Officers Plan

… EnCon Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383b …

https://www.osc.ny.gov/retirement/publications/1822/items-may-affect-your-pension

Available Options – En-Con Police Officers Plan

… This is the basic retirement benefit. It provides for the maximum benefit payment to you each month for the … the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all …

https://www.osc.ny.gov/retirement/publications/1822/available-options

Receiving Your Benefit and Filing Your Option Election – En-Con Police Officers Plan

… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life … payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …

https://www.osc.ny.gov/retirement/publications/1822/receiving-your-benefit-and-filing-your-option-election

Limitations – En-Con Police Officers Plan

… or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding … 20 percent will be excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in your FAS calculation if: Your date of membership is before April …

https://www.osc.ny.gov/retirement/publications/1822/limitations

Overview – En-Con Police Officers Plan

… years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages you earned during any 36 … immediately before retirement. The calculation of your FAS can include, but is not limited to, the following types …

https://www.osc.ny.gov/retirement/publications/1822/overview