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Contributing Toward Your Retirement – State Police Plan
… Tier 2 Members You don’t need to contribute toward your … and speak to a tax advisor if you have questions. Tier 5 Members You must contribute 3 percent of your … or have 32 years of service credit, whichever comes first. For your first three years of membership, we use the annual …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementLife Changes: How Do I Prepare to Retire?
… a third of our lives in retirement, it’s important to consider how you can enjoy financial security in your … the first step. Here you’ll find essential information to help you understand your options as you plan for retirement, including: A step-by-step guide to the retirement process; A list of available resources; Key …
https://www.osc.ny.gov/retirement/publications/life-changes-how-do-i-prepare-retireAvailable Options – Article 14 Benefits
… benefit. It provides for the maximum benefit payment to you each month for the rest of your life. Under this … for the balance of the five- or ten-year period. You may change your beneficiary within the five- or ten-year period. Alternative Options If the options described here do not meet your needs, we will consider written requests for …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsBorrowing Against Your Contributions – Article 14 Benefits
… eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should be aware of … loan is nontaxable. The following rules apply when borrowing against your contributions: You must be in active service and …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsLife Changes: Membership in a Nutshell
… your date of retirement. To apply for previous service, sign in to your Retirement Online account , go to the ‘My … may wish to speak to a customer service representative, or email us if you have any questions about taxable amounts, … additional service credit based on a date of retirement up to five years into the future. In most cases, these …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellPartial Lump Sum Payment – State Police Plan
… review and select your pension payment and PLS options online using Retirement Online . If you file for retirement by mail, we will send you …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentPartial Lump Sum Payment – Special 20- and 25-Year Plans
… review and select your pension payment and PLS options online using Retirement Online . If you file for retirement by mail, we will send you …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentContributing Toward Your Retirement – Special 20- and 25-Year Plans
… rate on what you actually earned in the last completed State fiscal year (April 1 to March 31). Part-time employee … on January 9, 2010, and was still in effect on the date of employment, may not need to contribute. Any change in employment, however, could result in the employee being …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementMaking Adjustments to Earnings and Days Worked – Enhanced Reporting
… data. Example: An employee was previously reported for 10 days and $1,000 in earnings but should have been reported … days and $2,000 in earnings. Your adjustment will include 10 days and $1,000 in earnings. 10 days + 10 days = 20 days $1,000 earnings + $1,000 earnings …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/making-adjustments-earnings-and-days-workedBecoming Eligible for a Benefit – Article 14 Benefits
… may leave public employment and, at a later date, apply for and receive a vested retirement benefit . You can choose … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitWithdrawing Your Contributions and/or Your Membership – State Police Plan
… no earlier than 15 days after you leave public employment. Sign in to your Retirement Online account , go to the ‘My …
https://www.osc.ny.gov/retirement/publications/1518/withdrawing-your-contributions-andor-your-membershipEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public employment and have … to begin receiving your vested benefit at your early retirement age or when you reach age 55. Your early … pension at the earliest possible date, file a retirement application within 90 days before you first become eligible. …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingStraight Talk About Financial Planning For Your Retirement
… when you are ready to retire, your pension will be there for you. Your retirement benefit is only one part of a good … and following a solid financial plan, you can enjoy added security in your retirement years. Sincerely, Thomas P. … these projections are mailed to your home address the next business day. A benefit projection is a great tool if you are …
https://www.osc.ny.gov/retirement/publications/straight-talk-about-financial-planning-your-retirementPayment for Service Credit – Article 14 Benefits
… you. There are two kinds of past service costs — mandatory and optional. Mandatory costs are required for service credit … previous or military service. Once you have made payment and have accrued two years of service credit as a member, you … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditTaxes and Your Pension
… are not subject to New York State or local income tax. If you permanently moved to another state your pension may be … withholding status of “single with no adjustments” unless you inform us otherwise. The amount withheld is based on the information you provide to us on a W-4P Form (Withholding Certificate for …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionProtect Yourself from Scams
… actual organization. Some can even make a real agency’s phone number appear on caller ID (known as spoofing). Usually, once … you forgot your user ID or password, don’t worry—from the customer login page, you can: Click the Forgot ID link to …
https://www.osc.ny.gov/retirement/resources/protect-yourself-scamsApplying for Benefits – Special 20- and 25-Year Plans
… To apply for all Retirement System benefits, you must file the appropriate application with the Office of the State Comptroller in a … Comptroller,” it must be submitted electronically through Retirement Online , or in the case of a paper application, …
https://www.osc.ny.gov/retirement/publications/1517/applying-benefitsAccidental Disability – Forest Rangers Plan
… the Police and Fire Retirement System before September 1, 1997. Regardless of the amount of service credit you may … 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/1864/accidental-disabilityState Police Disability (Section 363-b) – State Police Plan
… your duties as the natural and proximate result of a disability sustained in service, not caused by your own … from this service, voluntarily or involuntarily, and the disability is work-related, you may apply within two years of the discontinuance. If the disability is not work-related, you must apply within 90 days …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bAccidental Disability – En-Con Police Officers Plan
… the Police and Fire Retirement System before September 1, 1997. Regardless of the amount of service credit you may … job as the natural and proximate result of an on-the-job accident that was not due to your own willful negligence, you … 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/1822/accidental-disability