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The Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… you work for an employer that offers a special retirement plan, you must retire by the first day of the month following … 70th birthday, even if you have not elected the special plan. The Benefit If you are eligible to receive a full … Basic Plan with Increased TakeHome Pay information for PFRS Tier 1 …

Online Services

… Coordinating Committee Forward Bond Issuance Calendar Subscribe to email from the Office of the State Comptroller …

The Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… and have five or more years of service credit under this plan earned after July 1, 1973. If you are a Tier 2, 3, 5 or … you work for an employer that offers a special retirement plan, you must retire by the first day of the month following … 70th birthday, even if you have not elected the special plan. The Benefit If you are eligible to receive a full …

Contributing Toward Your Retirement – Special 20- and 25-Year Plans

… toward your retirement. However, you can make voluntary annuity savings contributions, which will earn interest and provide an annuity above and beyond your regular pension benefit when … contributions are taken after taxes. At retirement, the annuity you receive would be treated as taxable income, …

Oversight of Mitchell-Lama Application Fees

… Objective To determine if the New York City Department of Housing Preservation and … properly accounted for application fees received and, if applicable, returned fees to applicants or turned them … To determine if the New York City Department of Housing Preservation and …

Partial Lump Sum Payment – State Police Plan

… for at least one year before your date of retirement; and Retire with a service retirement benefit (not a … Lump Sum Payment You must select a pension payment option and PLS payment by the end of the month in which you retire. … for a PLS payment, you can file for retirement, review and select your pension payment and PLS options online using …

Eligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits

… plan. The Benefit At retirement, you will receive a pension equal to: 1/60th (1.66 percent) of your FAS for each year of service credit earned on or after April 1, 1960; and 1/60th (1.66 percent) of your … (RS6037)  must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …

Receiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan

… their pension using the benefit calculator in Retirement Online . The calculator uses your salary and service credit … and then save or print it. Sign in to your Retirement Online account , go to the ‘My Account Summary’ area of your … to NYSLRS) may not be able to use the Retirement Online calculator at this time. These members should contact …

Application and Account for Partial Payment of Salary - AC1394

Application and Account for Partial Payment of Salary - AC1394

Partial Lump Sum (PLS) Payment at Retirement — For Eligible NYSLRS Members

… Lump Sum (PLS) distribution is a single payment equal to a percentage of the value of your pension benefit at … eligibility and the percentage you choose. If you choose to receive a PLS payment, your lifetime monthly benefit will … You cannot repay the lump sum amount in the future to increase your monthly retirement benefit. Future …

Partial Lump Sum Payment – Special 20- and 25-Year Plans

… for at least one year before your date of retirement; and Retire with a service retirement benefit (not a … Sum Payment You must select a pension payment option and PLS payment by the end of the month in which you retire. … for a PLS payment, you can file for retirement, review and select your pension payment and PLS options online using …

Borrowing Against Your Contributions – State Police Plan

… must repay each outstanding loan in an amount sufficient to repay the loan and interest within five years. Loans are … repaying them. How Much You Can Borrow The minimum loan is $25. The maximum loan is 75 percent of your annuity … charge of $45, which will be deducted from your loan when it is issued. Prior to retirement, and 30 days after …

Retiring with an Outstanding Loan – Special 20- and 25-Year Plans

… Tier 2 and 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your … reduction would be. Tier 5 and 6 Members If you retire with an outstanding loan, your retirement benefit will be …

Loans – Divorce and Your Benefits

… NYSLRS , unless the DRO on file specifically prohibits loans. If the member has an outstanding loan balance at … pension calculated without reference to any outstanding loans, the ex-spouse’s share will also be reduced. NYSLRS cannot apply a hypothetical loan reduction based on loans existing at the time of commencement of the divorce …

Eligibility, the Benefit and Filing – Career Plan

… annuity savings contributions. Maximum Benefit The maximum pension payable to Tier 2, 3, 5 and 6 members is the benefit … Your  Application for Service Retirement (RS6037)  must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …

Borrowing Against Your Contributions – Special 20- and 25-Year Plans

Application for Social Security Card

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Planning

… You must consider the impact of inflation. If you put $100 in an insured savings account that earns 3 percent …

Receiving Your Benefit and Filing Your Option Election – Police and Fire Plan

… Your Option Election You must file your  Option Election form (unless notified otherwise, as in the case of disability … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …

Receiving Your Benefit and Filing Your Option Election – New Career Plan

… Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of disability … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …