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Borrowing Against Your Contributions – En-Con Police Officers Plan
… requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The following rules apply when borrowing … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … compensation (457) or tax-sheltered annuity (403-b) plan through your current employer that causes your loan to …
https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributionsIRS Pension Limitation – En-Con Police Officers Plan
… Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New … and Local Retirement System, may use in the calculation of benefits. It affects members who first join on or after …
https://www.osc.ny.gov/retirement/publications/1822/irs-pension-limitationSpecial Accidental Death Benefit – En-Con Police Officers Plan
… If you die under circumstances that permit payment of the accidental death benefit, a special accidental death … will be paid to your children who are under the age of 18 or, if they are students, until the age of 23. The Benefit The special accidental death benefit is a …
https://www.osc.ny.gov/retirement/publications/1822/special-accidental-death-benefitAccidental Death Benefit – En-Con Police Officers Plan
… Eligibility Regardless of your years of service credit, if you die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an accidental death benefit … contributions will be refunded to your designated beneficiary or to your estate. The benefit can only be paid …
https://www.osc.ny.gov/retirement/publications/1822/accidental-death-benefitAlternative and Out-of-Service Death Benefits – En-Con Police Officers Plan
… Alternative Death Benefit If you die while in service after having become eligible to retire, an …
https://www.osc.ny.gov/retirement/publications/1822/alternative-and-out-service-death-benefitsOrdinary Death Benefit – En-Con Police Officers Plan
… to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements and your death … receiving Workers’ Compensation or other employer-funded benefits, for up to two years (which may be extended for an additional … 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/ordinary-death-benefitStay Informed – Non-Contributory Plan with Guaranteed Benefits
… Tier 1 2 3 Article 11 5 and 6 members under Section 375e How to Stay Informed …
https://www.osc.ny.gov/retirement/publications/1513/stay-informedAccidental 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-disabilityPerformance of Duty Disability – En-Con Police Officers Plan
… but passed a physical examination upon entry to service that did not reveal any evidence of disease or other … alleged incapacity. The Benefit If approved, the benefit would be equal to one-half (50 percent) of your FAS plus an … while you are: Being paid on the payroll; On an authorized medical leave of absence for up to two years (which may be …
https://www.osc.ny.gov/retirement/publications/1822/performance-duty-disabilityEn-Con Police Disability – En-Con Police Officers Plan
… Eligibility You would be entitled to this disability benefit if, at the time … is when you are: On the payroll; On an authorized medical leave of absence (with or without pay); or Receiving … “Final salary” is the maximum salary or compensation that you would have been receiving in the position from which …
https://www.osc.ny.gov/retirement/publications/1822/en-con-police-disabilityOrdinary Disability – En-Con Police Officers Plan
… 60, but not more than one-third of your FAS. The benefit would also include an annuity based on any annuity savings … ordinary disability benefit would be equal to the benefit that would be payable to you as a service retirement. You … Are last paid on the payroll; Are last on an authorized medical leave of absence for up to two years (which may be …
https://www.osc.ny.gov/retirement/publications/1822/ordinary-disabilityVested Retirement Benefit – En-Con Police Officers Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public employment before retirement age and have …
https://www.osc.ny.gov/retirement/publications/1822/vested-retirement-benefitItems That May Affect Your Pension – En-Con Police Officers Plan
… Tier 1 2 3 5 and 6 members covered by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/items-may-affect-your-pensionAvailable Options – En-Con Police Officers Plan
… Allowance (Option 0) This is the basic retirement benefit. It provides for the maximum benefit payment to you each month … retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount and … receiving (without COLA) for life. If your beneficiary dies before you, all benefit payments will cease upon your …
https://www.osc.ny.gov/retirement/publications/1822/available-optionsReceiving Your Benefit and Filing Your Option Election – En-Con Police Officers Plan
… Life Allowance, which provides you with the maximum amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect … You have up to 30 days after your pension benefit becomes payable to change your selection. If you are a disability …
https://www.osc.ny.gov/retirement/publications/1822/receiving-your-benefit-and-filing-your-option-electionLimitations – En-Con Police Officers Plan
… excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation …
https://www.osc.ny.gov/retirement/publications/1822/limitationsOverview – En-Con Police Officers Plan
… Your pension is based on your 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 consecutive months of service when your earnings were highest. For Tier 6 …
https://www.osc.ny.gov/retirement/publications/1822/overviewVested Retirement Benefit – Police and Fire Plan
… benefit if you leave public employment before retirement age and you have five years of credited service. When you … to provide for a continuing payment to a designated beneficiary of your choosing after your death. Filing To receive your vested retirement …
https://www.osc.ny.gov/retirement/publications/1512/vested-retirement-benefitCreditable Service – En-Con Police Officers Plan
… may also be creditable towards the 25 years required for service retirement eligibility. Service performed in … will count toward your vested, disability and death benefits but not toward your 25-year service retirement … 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/creditable-serviceState Agencies Bulletin No. 1712
… Training Leave Benefits and Stipends, and OSC’s process for Military Recalculations effective 01/01/2019 Affected … through 12/31/2019 in response to the continuing need for New York State employees in the National Guard and Reserves to be activated federally or by the Governor for military service related to the war on terror. The MOU’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1712-2019-extension-military-and-training-leave-benefits-and-stipends