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Transferring or Terminating Your Membership
… that is covered by the other retirement system; You are on the payroll in a job that is covered by NYSLRS; and You … to the date of your transfer request. For example: On December 1, 2009, you began employment with a New York … New York City Employees’ Retirement System (NYCERS). Based on your date of membership, you were in Tier 4. In May 2012, …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipDiNapoli & A.G. Schneiderman Announce Arrest of Upstate Woman for Theft of over $67K in NYS Pension Benefits, $19K Welfare Fraud
… and Attorney General Eric T. Schneiderman announced today the unsealing of a five-count indictment charging Tammy … is reprehensible," said Attorney General Schneiderman. "Today’s arrest sends the message that we will keep working to … extent." According to documents filed with the court today, Banack’s father, Anthony Banack, was a New York State …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-ag-schneiderman-announce-arrest-upstate-woman-theft-over-67k-nys-pension-benefits-19kPerformance of Duty Disability – Basic Plan with Increased-Take-Home-Pay (ITHP)
… To be eligible for this benefit, you must file an application for a performance of duty disability retirement … authorized with your power of attorney may file your application for performance of duty disability retirement. … 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/1511/performance-duty-disabilityAccidental Disability – Basic Plan with Increased-Take-Home-Pay (ITHP)
… perform your job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … Law or if the accident occurred on or after September 1, 1980. The written notice must detail the time and place of …
https://www.osc.ny.gov/retirement/publications/1511/accidental-disabilityAccidental Disability – New Career Plan
… perform your job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … Law or if the accident occurred on or after September 1, 1980. The written notice must detail the time and place of …
https://www.osc.ny.gov/retirement/publications/1515/accidental-disabilityMandatory vs. Optional Membership
… membership by terminating your public employment. ¹Exempt Class — Classified Civil Service positions deemed … requirements are established for exempt positions. ²Labor Class — Classified Civil Service positions for which … nature of the duties. Minimum qualifications for Labor Class positions, other than the physical ability to perform …
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipThe Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… choose to retire with a full benefit at age 62 or between the ages of 60 and 62 with a reduced benefit. 1 Regardless of … you work for an employer that offers a special retirement plan, you must retire by the first day of the month following … 70th birthday, even if you have not elected the special plan. The Benefit If you are eligible to receive a full …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planOnline Services
… partners. For certain services, you must first enroll to get a user ID and password. Log in You must log in to use these services VendRep System (VRS) | Create Account … Online Agency Financial Reporting Package You don't need to log in to use these tools Fiscal Stress Monitoring System …
https://www.osc.ny.gov/online-servicesIX.6.C Automated Standard Application for Payments (ASAP) – IX. Federal Grants
… Automated Standard Application for Payments (ASAP) is an all-electronic payment … Automated Standard Application for Payments ASAP is an allelectronic payment and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6c-automated-standard-application-payments-asapProcessing Retirement Applications – When Employees Retire
… form and submit it. You can submit the RS6221 form by mail or by fax to 518-474-3510, but submitting the form through … Online . If you use Legacy Reporting: Complete and sign the Statement of Accrued Payments and Leave Credits … out the form in your web browser then print and sign it, or print the form, fill it out by hand and sign it. Scan the …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/processing-retirement-applicationsThe Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… and have five or more years of service credit under this plan earned after July 1, 1973. If you are a Tier 2, 3, 5 or … choose to retire with a full benefit at age 62, or between the ages of 55 and 62 with a reduced benefit. 1 Regardless of … you work for an employer that offers a special retirement plan, you must retire by the first day of the month following …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planApplication for Refund of Excess Contributions (RS5195)
To apply for the refund of excess member contributions, NYSLRS Tier 1 & 2 members (and Tier 3 & 5 Police and Fire Retirement System members who are non-contributory), who voluntarily contribute, use form RS5195.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5195.pdfPartial Lump Sum Payment – State Police Plan
… can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … pension payment, at the end of the month following your retirement month. Eligibility To be eligible for the PLS … retirement, review and select your pension payment and PLS options online using Retirement Online . If you file for …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… with a reduced benefit between ages 55 and 62. 1 For all tiers, if you recently changed employers, you may be … complete two years of service before you can retire under the benefits of this plan. Regardless of tier, if you work for an employer that offers a special plan, (that allows …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… must decide how you want your retirement benefit paid. You can choose from several pension payment options, all of which … it. Sign in to your Retirement Online account , go to the ‘My Account Summary’ area of your Account Homepage and click … submit it by mail. If your option election is not filed on time, by law we must process your retirement as if you had …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionApplication for Transfer of Membership in Accordance with Chapter 390 (Laws of 2009) (PF5467)
For NYSLRS PFRS members who previously transferred an Employees’ Retirement System (ERS) membership to the Police and Fire Retirement System (PFRS)
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5467.pdfContributing Toward Your Retirement – Special 20- and 25-Year Plans
… after the maximum service credit allowed has been reached. For your first three years of membership, we use the annual … More than $100,000 6.00% *There may be some exceptions. For example, PFRS members covered by a collective bargaining … Special 20 and 25Year Plan for PFRS Tier 2 3 Article 11 5 and 6 members under Sections …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… Here are examples of how your service retirement benefit would be permanently reduced by an outstanding loan …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanPartial Lump Sum Payment – Special 20- and 25-Year Plans
… can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … pension payment, at the end of the month following your retirement month. Eligibility To be eligible for the PLS … retirement, review and select your pension payment and PLS options online using Retirement Online . If you file for …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentLoans – Divorce and Your Benefits
… NYSLRS , unless the DRO on file specifically prohibits loans. If the member has an outstanding loan balance at … pension calculated without reference to any outstanding loans, the ex-spouse’s share will also be reduced. NYSLRS cannot apply a hypothetical loan reduction based on loans existing at the time of commencement of the divorce …
https://www.osc.ny.gov/retirement/members/divorce/loans