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Tier Status – New Career Plan

… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 375h and …

Tier Status – Regional State Park Police Plan

… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a Covers …

Tier Status – Non-Contributory Plan with Guaranteed Benefits

… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June … 2010* Tier 5 January 9, 2010 through March 31, 2012 Tier 6 April 1, 2012 or after *PFRS members who joined July 1, …

Tier Status – Basic Plan with Increased-Take-Home-Pay (ITHP)

… 11 5 and 6 members under Sections 370a 371a and 375 Tier Status …

Tier Status – Article 14 Benefits

… When you join the Retirement System, you are assigned to a tier depending on … covered by Article 14 if you joined the Police and Fire Retirement System on or after July 1, 2009 but before January … offers the one-year final average salary benefit for your employee group; or Are employed by the City of Yonkers or the …

NYSLRS Fact Sheet

… joined between July 27, 1976 and August 31, 1983 and Tier 4 joined between September 1, 1983 and December 31, 2009 (33.1% of members are in Tiers 3 & 4) Tier 5 joined between January 1, 2010 and March 31, 2012 (4.1% of members) Tier 6 joined on or after April 1, 2012 …

Loans: Applying and Repaying

… fastest and easiest way to apply for a loan with NYSLRS. You can see how much you are eligible to borrow, what the … against your retirement contributions if you: Are a member of the Employees’ Retirement System (ERS) or the Police and …

Publications

… and retirement plan determine your benefits. The best way to find your specific retirement plan publication is to visit our Find Your NYSLRS Retirement Plan Publication … — Coordinated Plan (Articles 14 and 15) Benefits available to Tier 3 and 4 members (VO1522)   Tier 5 Members — …

Contribution Stabilization Program – Contribution Stabilization Program

Discontinuing Required Contributions – Enhanced Reporting

… Tier 3 and 4 members stop making required contributions once certain service …

About Offering a Retirement Plan – What Every Employer Should Know

… a defined benefit pension, employees can be assured of a lifetime benefit during their retirement years. Defined … employees with the ability to retire with a guaranteed lifetime benefit; Encourage long-term employment because …

DiNapoli: City of Corning's Economic Development and Smart Growth Initiatives Build on Stable Fiscal Picture

… fostering an exceptional quality of life for residents. Together, we are shaping a bright future for Corning as a … to all the local galleries, museums and schools that work together, it’s very rewarding to see from the report that our …

DiNapoli: Wall St. Profits Soared in First Half of 2020

… DiNapoli said. “Wall Street’s successful first half helps our state and city budgets because the securities … Long Island and 5 percent from Connecticut, followed by Westchester County at 4 percent (based on most recently available 2019 …

DiNapoli: Sales Tax Collections Growth Slowed in First Half of 2015

… being in the North Country, which saw a 2.5 percent drop. Also declining were the Southern Tier (1.2 percent), … decline was in Schoharie County, with a 6.1 percent drop. Allegany, Delaware, Lewis and Montgomery counties also … change.  Hamilton and Washington counties also saw growth rates of more than 6 percent. Technical adjustments can …

DiNapoli: Nine Million New Yorkers Employed, Highest Count Since 2008

… percent. Participation rates in the Capital Region and the Hudson Valley also topped 60 percent, followed by New York City;  … figure. Read the  report , or go to:  http://osc.state.ny.us/reports/economic/labor-force-trends-nys-2017.pdf For …

Are You Vested? And What It Means

… that you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements … 6 members needed ten years of service to be eligible for a service retirement benefit. Effective immediately, if you … eligible for a retirement benefit. The new legislation does not change eligibility for disability retirement …

DiNapoli: State Pension Fund Releases Annual Investment Return

… bonds and mortgages (21.53%), private equity (14.61%), real estate and real assets (13.39%) and credit, absolute return strategies …

DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24

… the New York State Common Retirement Fund’s investment return was 11.55% for the state fiscal year that ended March … real estate and real assets (12.77%) and credit, absolute return strategies and opportunistic alternatives (7.52%).   The Fund’s long-term expected rate of return is 5.9%. The Fund’s annual valuation date is tied to …

Electing the Section 383-e or 383-f Retirement Plan – Special 20- and 25-Year Plans

… IMPORTANT: Electing coverage under Section 383-e or 383-f is irrevocable and may not be beneficial for every member . Before submitting a plan election form, it’s important to speak with a NYSLRS … not listed as creditable above would be classified as. What is the deadline to elect one of these plans? For members …

DiNapoli: MTA Financial Outlook Improved

… well as low energy costs and interest rates, according to a  report  released today by State Comptroller Thomas P. … region (14.8 percent). These increases occurred as the Great Recession took a heavy toll on family finances. The MTA … a preliminary budget for 2017 and an associated financial plan covering calendar years 2016 through 2020. The MTA …