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Receiving Your Benefit and Filing Your Option Election – Basic Plan for ERS Tier 1 Members
… … Basic Plan information for ERS Tier 1 members under Sections 70a 71a and 75 …
https://www.osc.ny.gov/retirement/publications/1500/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Basic Plan for ERS Tier 2 Members
… … Basic Plan information for ERS Tier 2 members under Sections 70a 71a and 75 …
https://www.osc.ny.gov/retirement/publications/1505/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Career Plan for ERS Tier 1 Members
… … Career Plan information for ERS Tier 1 members covered by Sections 75f and 75g …
https://www.osc.ny.gov/retirement/publications/1503/receiving-your-benefit-and-filing-your-option-electionChallenging a Determination – Regional State Park Police Plan
… calculated, you may request a hearing and redetermination to be held before an independent hearing officer. Your request must be in writing and directed to the Hearing Administration Bureau within four months of …
https://www.osc.ny.gov/retirement/publications/1867/challenging-determinationAccidental Death Benefit – Regional State Park Police Plan
… The Benefit The accidental death benefit is a lifetime pension if paid to a surviving spouse or dependent parent. … 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/accidental-death-benefitAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… Alternative Death Benefit If you die while in service, after becoming eligible to retire, an alternative … have not retired, and you die more than one year after leaving public employment, 50 percent of the vested death … benefit is also payable if you die within one year of leaving covered service but were gainfully employed during …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsVested Retirement Benefit – Career Plan
… provisions of the retirement plan that you were covered by in your last public employment determine the vested benefit. …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitOrdinary Death Benefit – Regional State Park Police Plan
… to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements and your death … retired) members generally are not entitled to a monthly pension benefit. The first $50,000 of this benefit is paid in … to three times your salary raised to the next highest multiple of $1,000, as limited by Section 130 of the Civil …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitAccidental Disability – Regional State Park Police Plan
… any annuity savings contributions you may have made while in service. You must apply for Workers’ Compensation benefits … The application must be filed while you are still in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is defined as while you are: Being paid on the …
https://www.osc.ny.gov/retirement/publications/1867/accidental-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… Eligibility You may be entitled to this disability benefit if you are found permanently … the amount of service you may have. Notice of Occurrence To be eligible for this benefit, you must file an application … The Benefit If approved, the benefit would be equal to one-half (50 percent) of your FAS, plus an annuity based …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… benefit if, at the time of filing, you are: Under age 60; and Physically or mentally unable to perform your …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eOrdinary Disability – Regional State Park Police Plan
… benefit is available to you only if you joined the Police and Fire Retirement System before September 1, 1997. For … of duty and the regional state park police disability benefits are available. Eligibility If you are unable to … 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/ordinary-disabilityDivorce – Regional State Park Police Plan
… The New York State Court of Appeals has determined that retirement benefits are … distribution. "Equitable distribution" is the division of marital assets between spouses after the marriage has ended. This division must be stated in the form of a Domestic Relations Order (DRO) if we are to pay a …
https://www.osc.ny.gov/retirement/publications/1867/divorceBorrowing Against Your Contributions – Regional State Park Police Plan
… pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … you determine if refinancing your current loan or carrying multiple loans would be better for you. With multiple loans , each loan has a separate five-year due date …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… The Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension … the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on … excludes earnings over $250,000 (effective April 1, 2012) in the State’s fiscal year (April 1st – March 31st). This …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after … savings contributions on deposit) This option will provide you with a reduced monthly benefit for your lifetime. At your …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of disability …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionLimitations – Regional State Park Police Plan
… from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in … of overtime that can be included in your FAS is limited to 15 percent of your salary in any given year. Tier 6 If the … the Governor’s annual salary is excluded (please refer to our Overtime and Earnings Limits for Tier 6 page for more …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… calculation of your FAS can include, but is not limited to, the following types of payments. In some cases, certain … Payments made as a result of working your vacation; Any form of termination pay; Payments made in anticipation of … that can be included in your FAS calculation is limited to 15 percent of your salary. … Regional State Park Police …
https://www.osc.ny.gov/retirement/publications/1867/overviewPerformance of Duty Disability – Police and Fire Plan
… Eligibility You may be entitled to this disability benefit if you are found permanently … the amount of service you may have. Notice of Occurrence To be eligible for this benefit, you must file an application … The Benefit If approved, the benefit would be equal to one-half (50 percent) of your FAS, plus an annuity based …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disability