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Alternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… If you die while in service, after becoming eligible to retire, an alternative death benefit may be payable. This …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsOrdinary Death Benefit – Regional State Park Police Plan
… to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements and your death … receiving Workers’ Compensation or other employer-funded benefits, for up to two years (which may be extended for an additional … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitPerformance of Duty Disability – Regional State Park Police Plan
… benefit if you are found permanently disabled as a result of the performance of your duties, regardless of the amount of service you may have. Notice of Occurrence …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… Eligibility You would be entitled to this disability benefit if, at the time … service” is when you are: On the payroll; or On authorized medical leave of absence for up to two years (which may be … “Final salary” is the maximum salary or compensation that you would have been receiving in the position from which …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eDivorce – Regional State Park Police Plan
… for the Ordinary Death Benefit, Cash Refund Initial Value option (Tier 1), Cash Refund Contributions option (Tiers 1, 2 and 3) and Five and Ten Year Certain … made by retirees who chose the Single Life Allowance option or certain alternative options may also be revoked. …
https://www.osc.ny.gov/retirement/publications/1867/divorceCost-of-Living Adjustment – Regional State Park Police Plan
… cost-of-living adjustments (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years; or Receiving a …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentBorrowing Against Your Contributions – Regional State Park Police Plan
… requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The following rules apply when borrowing … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … compensation (457) or tax-sheltered annuity (403-b) plan through your current employer that causes your loan to …
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 …
https://www.osc.ny.gov/retirement/publications/1867/irs-pension-limitationAvailable Options – Regional State Park Police Plan
… Allowance (Option 0) This is the basic retirement benefit. It provides the maximum benefit payment to you each month for … retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount and … receiving (without COLA) for life. If your beneficiary dies before you, all benefit payments will cease upon your …
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 benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … 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
… excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation …
https://www.osc.ny.gov/retirement/publications/1867/limitationsOverview – Regional State Park Police Plan
… credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages … months of service when your earnings were highest. For Tier 6 members, it is the average of your highest 60 … and Any payments made for time not worked. *For Tier 5 and 6 members, the total amount of overtime and …
https://www.osc.ny.gov/retirement/publications/1867/overviewAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, … credit is determined by dividing your total unused, unpaid sick leave days (which cannot exceed 165) by 260. Credit for …
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 written … much information as you can about the period of employment for which you are seeking credit. We will determine your … the credit and any cost involved. Requesting credit for your previous public employment as early in your career …
https://www.osc.ny.gov/retirement/publications/1867/applying-previous-or-military-service-creditCredit for Previous or Military Service – Regional State Park Police Plan
… You may be able to obtain credit for your previous public employment or military service. It is very important that you claim all … because records documenting your previous service may be lost or destroyed with the passage of time. Please note …
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
… Act. Workers’ Compensation You will usually receive up to one year of service credit per incident for time spent on …
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
… benefit if you leave public employment before retirement age and you have five years of credited service. When you … to provide for a continuing payment to a designated beneficiary of your choosing after your death. Filing To receive your vested retirement …
https://www.osc.ny.gov/retirement/publications/1513/vested-retirement-benefitEnding Your Membership – New Career Plan
… membership can end: If you do not have at least five years of credited service and seven years have elapsed since you …
https://www.osc.ny.gov/retirement/publications/1515/ending-your-membership