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Divorce – Regional State Park Police Plan
… are divorced, it is especially important to review your beneficiary designations to ensure your benefits will be … according to your wishes. Effective July 7, 2008, beneficiary designations for certain benefits are revoked … exception applies if the terms of a DRO specify otherwise. Beneficiary designations may be revoked for the Ordinary …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous … you would have been entitled to receive. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The following rules … year of member service credit. You repay each outstanding loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsIRS Pension Limitation – Regional State Park Police Plan
… Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, … monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, … this option, you must submit proof of your beneficiary’s birth date. You can designate only one beneficiary and you …
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 … to a designated beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless …
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
… is based on your years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the …
https://www.osc.ny.gov/retirement/publications/1867/overviewAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… example, if you have 19½ years of service credit but your pension will improve substantially if you have 20 years, your … to retire under a special 20- or 25-year plan. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jApplying for Previous or Military Service Credit – Regional State Park Police Plan
… To receive credit for any type of previous or military service, send a … is a cost, it will be less expensive than if you wait to purchase it at a later date. Your retirement benefit will be …
https://www.osc.ny.gov/retirement/publications/1867/applying-previous-or-military-service-creditCredit for Previous or Military Service – 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
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceCreditable Service – Regional State Park Police Plan
… military service or service you earned as an officer of the New York State Police may also be creditable toward …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceLeaves of Absence – Regional State Park Police Plan
… or Unpaid leave under the federal Family and Medical Leave Act. Workers’ Compensation You will usually receive up to one …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceRegional State Park Police Plan – 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
https://www.osc.ny.gov/retirement/publications/1867Vested Retirement Benefit – Non-Contributory Plan with Guaranteed Benefits
NonContributory Plan with Guaranteed Benefits information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Section 375e Vested Retirement Benefit
https://www.osc.ny.gov/retirement/publications/1513/vested-retirement-benefitEnding Your Membership – New Career Plan
… withdraw your membership ; If you transfer your membership to another New York State public retirement system; If you …
https://www.osc.ny.gov/retirement/publications/1515/ending-your-membershipVested Retirement Benefit – New Career Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public employment before …
https://www.osc.ny.gov/retirement/publications/1515/vested-retirement-benefitFull- and Part-Time Service Credit – Regional State Park Police Plan
… the day you begin employment with a participating employer and work on a full-time, continuous basis, we calculate your … Part-Time Employment Service credit may be prorated for Tier 1 members employed on a less than full-time basis. For Tier …
https://www.osc.ny.gov/retirement/publications/1867/full-and-part-time-service-creditEnding Your Membership – Regional State Park Police Plan
… withdraw your membership ; If you transfer your membership to another New York State public retirement system; If you …
https://www.osc.ny.gov/retirement/publications/1867/ending-your-membershipBecoming Eligible for a Benefit – Regional State Park Police Plan
… payroll may collected a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect … your vested benefit. 1 Updated 10/22 … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefit