Search
Applying for Benefits – Article 14 Benefits
… application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … your employer. Specific filing instructions are detailed in each benefit description. If you need help, you can call …
https://www.osc.ny.gov/retirement/publications/1644/applying-benefitsAccidental Disability – Article 14 Benefits
… were in active service. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Disability – Article 14 Benefits
… benefits. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… equally among the beneficiaries in any one category if you have more than one child, parent or other dependent. If the …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… If you are a vested member with at least ten years of credited service, … as soon as possible so we can send the appropriate forms to your beneficiary. … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… Service law. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. After your death, … soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can designate …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… Allowance (Option 0). … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… each April at a rate equal to the increase or decrease in the cost-of-living index or 3 percent, whichever is less. …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… of your primary Social Security benefit. Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated … for Service Retirement (RS6037) must be on file with the Office of the State Comptroller at least 15 days, …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… When you turn 62, the early retirement benefit is reduced by 50 percent of your primary Social Security benefit. This …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… the first of the month following the month you reach 62. With at least 22 years of service credit, you can apply for … others are eligible for partial escalation. If you retire with at least 22 years and 1 month of service credit, but … immediately eligible for partial escalation. If you retire with at least 25 years of service credit, you are immediately …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementAdditional Service Credit for Sick Leave (Section 341[j]) – Article 14 Benefits
… optional sick leave benefit. If your employer has chosen to offer this benefit, you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, you must retire directly … for some members), by 260. Contact your employer or refer to your Member Annual Statement to determine if this benefit …
https://www.osc.ny.gov/retirement/publications/1644/additional-service-credit-sick-leave-section-341jApplying for Previous or Military Service Credit – Article 14 Benefits
… request (which must be received before your effective date of retirement) to our Member & Employer Services Bureau. Include as much information as you can about the period of employment for which you are seeking credit. We will …
https://www.osc.ny.gov/retirement/publications/1644/applying-previous-or-military-service-creditLeaves of Absence – Article 14 Benefits
… not credited for any period of time you do not receive a salary, credit is not given for: Leaves of absence without … and Medical Leave Act. Workers’ Compensation You may be able to receive credit for some or all of your Workers’ … your eligibility and the cost (if any), please send a request to the Retirement System for review. State Police …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absenceFull- and Part-Time Service Credit – Article 14 Benefits
… a participating employer, we calculate your retirement service credit by subtracting your beginning date of … basis; and You earn at least the annual equivalent of New York State’s annual minimum wage for your full career in public service. “Full-time” is defined by your employer, …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditEnding Your Membership – Article 14 Benefits
… as an officer or employee of an employer that participates in the New York State and Local Retirement System; Have less …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membershipWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… withdraw, or you have less than five years of service and do not qualify for a retirement benefit, you should file the … you have at least five years of credited service, and you do not withdraw your membership, make sure to apply for a …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipBecoming Eligible for a Benefit – Article 14 Benefits
… a pension once you meet the minimum requirement of five years of service credit, even if you discontinue your public … and, at a later date, apply for and receive a vested retirement benefit . You can choose to begin receiving your … age is the age at which you would have completed 20 years of service credit. The amount of your vested benefit …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefit