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Vested Retirement Benefit – Career Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public … your last public employment determine the vested benefit. For an explanation of your benefit, please refer to the … Benefit section . The vested retirement benefit is payable for your lifetime. You may elect one of several payment …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… only to members with annuity savings contributions on deposit)This option will provide you with a reduced … your retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount … a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsReporting Regulation for Elected or Appointed Officials
… in an employer’s time keeping system that consists of a daily record of actual time worked and time charged to … of three consecutive months is not representative of the average number of hours worked by the elected or appointed … of three consecutive months which is representative of the average number of hours worked by such official. Such record …
https://www.osc.ny.gov/retirement/employers/reporting-regulation-elected-or-appointed-officialsRetiree Annual Statement
… provides a year-end summary of your pension payments for the last calendar year, including the total amount you received and a breakdown of credits, … deductions and taxes. It also gives you an explanation of the pension payment option you chose at retirement. Mailed …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementEarnings Limits
… Overview The earnings included in the calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension, may be limited. If you earn more than the limit, it will not be factored into … The earnings included in the calculation of a NYSLRS pension may be limited If you earn more than the …
https://www.osc.ny.gov/retirement/members/earnings-limitsGuide to Domestic Relations Orders – Divorce and Your Benefits
NYSLRS pensions are considered marital property and may be divided when a marriage ends Guide to Domestic Relations Orders Introduction
https://www.osc.ny.gov/retirement/members/divorce/guide-domestic-relations-ordersRetiring Before Age 62 – Career Plan
… 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does not end when you turn 62. …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Tier 2, 3, 5 and 6 Death Benefits – Career Plan
… between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be … of the two death benefits; if you die after retirement, and meet the eligibility criteria, your beneficiary will … would receive a benefit equal to two years of your salary; and if you die after three or more years of service, your …
https://www.osc.ny.gov/retirement/publications/1642/tier-2-3-5-and-6-death-benefitsAbout Offering a Retirement Plan – What Every Employer Should Know
… What every employer should know about NYSLRS what it means to participate as an employer …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-planPerformance of Duty Disability – Career Plan
… To be eligible for this benefit, you must file an application for a performance of duty disability retirement … to receive. You must also select an option for the payment of your disability benefits . Filing You, your … authorized with your power of attorney may file your application for performance of duty disability retirement. …
https://www.osc.ny.gov/retirement/publications/1642/performance-duty-disabilityBorrowing Against Your Contributions – Career Plan
… deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any … of your earnings. You may borrow only once in any 12-month period. Prior to retirement, and 30 days after … not make the required payments on your loan at least once every three months or do not complete payment within five …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsApplying for Benefits – New Career Plan
… System benefits, you must file the appropriate application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … you are concerned about meeting a filing deadline, you can mail the document via “Certified Mail — Return Receipt …
https://www.osc.ny.gov/retirement/publications/1515/applying-benefitsTier 2, 3, 5 and 6 Death Benefits – New Career Plan
… between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be … years of service, not to exceed three years of salary. For example, if you die after one year of service, your … with a salary of $60,000 $60,000 × 3 = $180,000 (reduction for working after age 60) − 10,800 (ordinary death benefit at …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsBecoming Eligible for a Benefit – Career Plan
… 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 …
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitContributing Toward Your Retirement – Career Plan
… toward your retirement benefits, but may elect to make voluntary annuity savings contributions to the Retirement …
https://www.osc.ny.gov/retirement/publications/1642/contributing-toward-your-retirementApplying for Benefits – Non-Contributory Plan with Guaranteed Benefits
… System benefits, you must file the appropriate application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … you are concerned about meeting a filing deadline, you can mail the document via “Certified Mail — Return Receipt …
https://www.osc.ny.gov/retirement/publications/1513/applying-benefitsStay Informed – Career Plan
… are an important part of a solid financial plan. They can help you and your beneficiaries achieve financial security in … or in the event of disability or death. Use these tips to help you understand your benefits and stay informed. … Members can view benefit information, update contact information, view and update beneficiaries, and apply …
https://www.osc.ny.gov/retirement/publications/1642/stay-informedChallenging a Determination – Regional State Park Police Plan
… pay only those benefits authorized by law, and cannot pay you any benefits if you do not meet all the eligibility … process, please review the Administrative Hearing FAQs on our website, email our Hearing Administration Bureau at [email protected], or call us at 1-866-805-0990 or 518-474-7736 in the Albany, New …
https://www.osc.ny.gov/retirement/publications/1867/challenging-determinationApplying for Benefits – Regional State Park Police Plan
… System benefits, you must file the appropriate application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … you are concerned about meeting a filing deadline, you can mail the document via “Certified Mail — Return Receipt …
https://www.osc.ny.gov/retirement/publications/1867/applying-benefitsAccidental Death Benefit – Regional State Park Police Plan
… in this order: First, to your surviving spouse for life; Second, where there is no surviving spouse or in … surviving spouse or minor children, to a dependent parent for life. If all the beneficiaries listed above become ineligible for benefit payments, and the payments made to that time do …
https://www.osc.ny.gov/retirement/publications/1867/accidental-death-benefit