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Ordinary Disability (Section 362) – New Career Plan
… ten or more years of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If … equal to the greater of: 1/60th (1.66 percent) of your FAS for each year of credited service; or 1/60th (1.66 percent) of your FAS for each year of credited service plus 1/60th of your FAS for …
https://www.osc.ny.gov/retirement/publications/1515/ordinary-disability-section-362Borrowing Against Your Contributions – New Career Plan
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsRetiring Before Age 62 – New Career Plan
New Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 375h and 375i Retiring Before Age 62
https://www.osc.ny.gov/retirement/publications/1515/retiring-age-62Contributing Toward Your Retirement – New Career Plan
… covered by Article 11 benefits, you are not required to contribute toward your retirement benefits, but may elect to make voluntary annuity savings contributions to the Retirement System. These contributions, plus the …
https://www.osc.ny.gov/retirement/publications/1515/contributing-toward-your-retirementStay Informed – New Career Plan
… you understand your benefits and stay informed. Register for Retirement Online , a convenient and secure way to … information, view and update beneficiaries, and apply for a loan. Review your Member Annual Statement carefully and … booklets and brochures , and get tips on preparing for retirement . Attend a pre-retirement presentation to …
https://www.osc.ny.gov/retirement/publications/1515/stay-informedWorld Trade Center Presumption – New Career Plan
… If you participated in the World Trade Center rescue, recovery or cleanup efforts, and you were …
https://www.osc.ny.gov/retirement/publications/1515/world-trade-center-presumptionRecord of Activities Template – Understanding Your Responsibilities: Elected & Appointed Officials
… to use the template). Follow the browser prompts to open or save the Word document. After opening the Word document, … to File and Save As to save the template on your desktop or to a folder on your computer. Fill out the top of the form with your information. Use a new row for each activity …
https://www.osc.ny.gov/retirement/members/ea-officials/record-activities-templateDetermining the Ex-spouse's Share – Divorce and Your Benefits
… to New York State law, pension benefits earned during a marriage are marital assets subject to equitable distribution in the event of a divorce. A member and ex-spouse may establish a pension … and is receiving a monthly pension benefit. Unless the DRO explicitly states otherwise, the ex-spouse will not …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareContributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)
… over 3 percent will be deposited into your annuity savings account to provide the annuity portion of your retirement … by your wages, will be deposited into your annuity savings account to provide the annuity portion of your retirement …
https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirementDivorce – Special 20- and 25-Year Plans
… the template, but because the review process is simplified for submissions using the DRO template, we can complete our … agreement. As of July 7, 2008, beneficiary designations for certain death benefits and pension payment options are … final. Affected benefits include: Ordinary death benefit (for active members); Post-retirement death benefit; Cash …
https://www.osc.ny.gov/retirement/publications/1517/divorceCredit for Previous or Military Service – Career Plan
… You may be able to obtain credit for your previous public employment or military service. It … service is any period of time you received salary from a participating employer before that employer elected to … and tier restored. However, an earlier tier of membership does not always result in a better benefit. Please review …
https://www.osc.ny.gov/retirement/publications/1642/credit-previous-or-military-serviceTier 6 Defined Contribution Plan Option
… 30 days of employment. You must continue to inform your new employees of their right to join the Retirement System. … is the result of a 2012 amendment to Section 390 of the New York State Education Law. It is administered by the State University of New York (SUNY). For further information on the defined …
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionOut-of-State Orders – Divorce and Your Benefits
… a notarized Consent to New York Jurisdiction and Release form (RS6452) is executed by the member consenting to the … State. The Consent to New York Jurisdiction and Release form must authorize NYSLRS to deduct payments from the …
https://www.osc.ny.gov/retirement/members/divorce/out-state-ordersAbout Statement No. 68 – Governmental Accounting Standards Board
… Reporting for Pensions : Requires employers participating in state and local government pension plans to report their proportionate share of the collective Net Pension Liability in their financial … continue to be based on actuarially determined rates. GASB's position is that government employee pensions are a …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-68About Statement No. 67 – Governmental Accounting Standards Board
Governmental Accounting Standards Board Statement No 67 defines the way public pension plans calculate and report net pension liabilities
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-67Get Credit for All Your Public Service
… or military service might qualify NYSLRS members for additional service credit …
https://www.osc.ny.gov/retirement/members/get-credit-all-your-public-serviceCredit for Previous or Military Service – Non-Contributory Plan with Guaranteed Benefits
… and contact us with any questions you may have. For reinstatement to Tier 1 or Tier 2, or to an earlier …
https://www.osc.ny.gov/retirement/publications/1513/credit-previous-or-military-serviceChallenging a Determination – Basic Plan with Increased-Take-Home-Pay (ITHP)
… New York area. … Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections …
https://www.osc.ny.gov/retirement/publications/1511/challenging-determinationBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… have accrued five years of credited service, you will be vested. This means you have earned the right to receive a … the Age 60 Retirement Plan, you can begin receiving your vested retirement benefit when you reach age 60. If you are … the Age 55 Retirement Plan, you can begin receiving your vested retirement benefit when you reach age 55. The amount …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitChallenging a Determination – Special 20- and 25-Year Plans
… at 866-805-0990. … Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 and 6 members under Sections …
https://www.osc.ny.gov/retirement/publications/1517/challenging-determination