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Accidental Disability – Special 20- and 25-Year Plans
… due to your own willful negligence, you may be eligible for this benefit regardless of the amount of service you … “accident” on a case-by-case basis, using court decisions for guidance. You may also be eligible if you are permanently … without such notice of accident, you may still be eligible for this benefit, if you file an application for an …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityWithdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
… or Leave your contributions in your account and qualify for a retirement benefit when you are 55. To help you decide … must stay in your account. When you reach age 55 (age 63 for vested Tier 6 members who are off payroll), it is up to you to apply for your retirement benefit. Members in non-contributory …
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membershipCredit for Previous or Military Service – New 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/1515/credit-previous-or-military-serviceStay Informed – Special 20- and 25-Year Plans
… you understand your benefits and stay informed. Register for Retirement Online , a convenient and secure way to … contact information, view and update beneficiaries, apply for a loan, estimate your pension and payment option amounts, request to purchase service credit and apply for retirement. Review your Member Annual Statement …
https://www.osc.ny.gov/retirement/publications/1517/stay-informedYour Membership Tier – Special 20- and 25-Year Plans
… January 8, 2010, and did not elect to be covered by Article 22 (that is, did not opt into Tier 5), can be covered by either Article 11 or Article 14 benefits, depending on their retirement plan election. …
https://www.osc.ny.gov/retirement/publications/1517/your-membership-tierPension Payment Option Descriptions
… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance (Option … may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary after your …
https://www.osc.ny.gov/retirement/members/pension-payment-option-descriptionsVested Retirement Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… and salary earned when you were an active member. 1 Tier 1 members under the alternative age 55 plan may receive their full vested benefits at age 55. Tier 2, 3 and 5 members under this plan …
https://www.osc.ny.gov/retirement/publications/1511/vested-retirement-benefitTier 2, 3, 5 and 6 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1511/tier-2-3-5-and-6-death-benefitsOrdinary Disability (Section 362) – Basic Plan with Increased-Take-Home-Pay (ITHP)
… 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 …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-disability-section-362Divorce – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefits should be divided. However, it does not allow for a distribution of your pension until you actually retire, … wishes. Effective July 7, 2008, beneficiary designations for certain benefits are revoked when a divorce, annulment or … specify otherwise. Beneficiary designations may be revoked for the Ordinary Death Benefit, Cash Refund Initial Value …
https://www.osc.ny.gov/retirement/publications/1511/divorceBorrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… 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/1511/borrowing-against-your-contributionsReceiving Your Benefit and Filing Your Option Election – Basic Plan with Increased-Take-Home-Pay (ITHP)
… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, which … may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary after your …
https://www.osc.ny.gov/retirement/publications/1511/receiving-your-benefit-and-filing-your-option-electionEnding Your Membership – Basic Plan with Increased-Take-Home-Pay (ITHP)
… service and seven years have elapsed since you last worked for a participating public employer; 1 If you are not vested, … 10/22 … Basic Plan with Increased TakeHome Pay information for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a …
https://www.osc.ny.gov/retirement/publications/1511/ending-your-membershipApplying for Benefits – Special 20- and 25-Year Plans
… To apply for all Retirement System benefits, you must file the appropriate … your name, NYSLRS ID and phone number on your document. Disability Retirement Benefits Specific filing information and deadlines are provided on each of the disability benefit description pages in this plan …
https://www.osc.ny.gov/retirement/publications/1517/applying-benefitsReceiving Your Benefit and Filing Your Option Election – Career Plan
… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, which … may elect to receive a smaller monthly benefit to provide for a possible payment to a designated beneficiary after your …
https://www.osc.ny.gov/retirement/publications/1642/receiving-your-benefit-and-filing-your-option-electionEnding Your Membership – Special 20- and 25-Year Plans
… end: If you are not vested and you leave public employment for seven years (membership ends automatically); If you leave … in PFRS. … 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/ending-your-membershipStay Informed – Basic Plan with Increased-Take-Home-Pay (ITHP)
… 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/1511/stay-informedWorld Trade Center Presumption – Basic Plan with Increased-Take-Home-Pay (ITHP)
Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 370a 371a and 375 World Trade Center Presumption
https://www.osc.ny.gov/retirement/publications/1511/world-trade-center-presumptionWorld Trade Center Presumption – Special 20- and 25-Year Plans
… World Trade Center Presumption law. You may be eligible for an accidental disability retirement benefit if you become … eligibility requirements and filing deadlines to meet for these benefits. For more information, visit our World Trade Center …
https://www.osc.ny.gov/retirement/publications/1517/world-trade-center-presumptionPartial Lump Sum Payment – Special 20- and 25-Year Plans
… your monthly benefit will be permanently reduced . For most members, you will receive your PLS along with your … your retirement month. Eligibility To be eligible for the PLS payment, you must: Retire under a special 20- or … been eligible to retire with a service retirement benefit for at least one year before your date of retirement; and …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-payment