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Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 2 Members

… … NonContributory Plan with Guaranteed Benefits information for ERS Tier 2 members under Sections 75d and 75e Becoming Eligible for a Benefit …

Becoming Eligible for a Benefit – Basic Plan for ERS Tier 1 Members

… … Basic Plan information for ERS Tier 1 members under Sections 70a 71a and 75 Becoming Eligible for a Benefit …

Becoming Eligible for a Benefit – State Police Plan

Becoming Eligible for a Benefit – Special 20- and 25-Year Plans

Becoming Eligible for a Benefit – Career Plan

… benefit.   1 Updated 10/22 … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by Article 11 Sections 375h and 375i Becoming Eligible for a Benefit …

Becoming Eligible for a Benefit – New Career Plan

… vested. This means you have earned the right to receive a retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off …

Payment for Service Credit – Article 14 Benefits

… pay for service currently not credited to you. There are two kinds of past service costs — mandatory and optional. Mandatory costs are required for service credit … service. Once you have made payment and have accrued two years of service credit as a member, you can receive that …

Becoming Eligible for a Benefit – Article 14 Benefits

… As long as you do not withdraw your contributions, you will have earned the right … were an active member. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …

Becoming Eligible for a Benefit – 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

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

… vested. This means you have earned the right to receive a retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off …

Start Saving for Retirement

… market returns average about 10 percent a year. As you get closer to retirement, you should develop a plan to … your retirement savings. A withdrawal plan will give you a better grasp of the income you can expect and how long it … are tax-free. With your retirement savings, you get to decide how much to save and how to invest it. The key …

Implications for the Future – 2022 Financial Condition Report

… pandemic, its impact on the economy continued to be felt and was heightened by other factors, such as the Russian … Supply chain disruptions, increased demand of goods, and a tight labor market pushing wages higher combined to … unwanted spending cuts, tax increases or other actions in case of an economic downturn or catastrophic event. …

Implications for the Future – 2023 Financial Condition Report

… factors will continue to present risks to economic growth, and many forecasters continue to believe that a recession is … receipts, higher than the 29 percent average in the 10-year period ending in March 2020 prior to the impact of … are expected to be exhausted by the end of SFY 2024-25. Up until Federal Fiscal Year (FFY) 2020, New Yorkers …

Payment for Service Credit – Coordinated Plan For ERS Tier 5 Members

… … Coordinated Plan information for ERS Tier 5 members under Article 15 Payment for Service Credit …

Becoming Eligible for a Benefit – Coordinated Plan For ERS Tier 5 Members

…   … Coordinated Plan information for ERS Tier 5 members under Article 15 Becoming Eligible for a Benefit …

Payment for Service Credit – Coordinated Plan For ERS Tier 3 and 4 Members

… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Payment for Service Credit …

Becoming Eligible for a Benefit – Coordinated Plan For ERS Tier 3 and 4 Members

… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Becoming Eligible for a Benefit …

Implications for the Future – 2021 Financial Condition Report

… and Uncertainty Remains While the recession brought on by the COVID-19 pandemic was short-lived, employment has … April 2020, nearly 2 million jobs were lost in New York State and, as of August 2021, only 55 percent of those jobs … payments. New Yorkers consistently pay more in federal taxes than the State receives in federal spending, as several …

Seminars for Local Officials

… is not an easy task and that finding time in your schedule for essential training to enhance your fiscal oversight responsibilities can be difficult. For that reason, OSC’s Local Official Training Unit offers seminars for municipal and school district governing boards and other …

Overtime Limits for Tier 5

… earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more than the annual limit, it will not be factored into your pension and your employer should not withhold member … information about your retirement benefits and how your pension will be calculated.   Rev. 2/25 … For Tier 5 members …