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Online Services
… list of secure Online Services for customers, clients and business partners. For certain services, you must first enroll to get a user ID and password. Log in You must log in to use these … list of secure Online Services for customers clients and business partners You must first enroll to get a user ID …
https://www.osc.ny.gov/online-servicesWithdrawal Application (RS5014)
To end their membership and withdraw from the New York State and Local Retirement System, NYSLRS members use form RS5014.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5014.pdfPart 85 Application for Permission of State Comptroller
Part 85 Application for Permission of State Comptroller
https://www.osc.ny.gov/files/local-government/data/pdf/part85regs.pdfThe Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit when you reach age 55 and have five or more years of service credit under this plan earned after July 1, 1973. … you are a Tier 2, 3, 5 or 6 member with five or more years of credited service, you may choose to retire with a full benefit at age 62, or between the ages of 55 and 62 with a reduced benefit. 1 Regardless of tier, if …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planPartial Lump Sum Payment – State Police Plan
… your PLS along with your first pension payment, at the end of the month following your retirement month. Eligibility To … payment available to you is a percentage of the actuarial value of your retirement benefit at the time you retire. The … more 5, 10, 15, 20 or 25% *A percentage of the actuarial value of your retirement benefit. For More Information For …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members: You must have at least five years of service credit. You are eligible to retire with full … employers, you may be required to complete two years of service before you can retire under the benefits of this …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… can estimate their pension using the benefit calculator in Retirement Online . The calculator uses your salary and … how they affect your potential benefit, and then save or print it. Sign in to your Retirement Online account , go to … You can also print an Option Election form from our Forms page and submit it by mail. If your option election is not …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionContributing Toward Your Retirement – Special 20- and 25-Year Plans
… Tier 2 and 3 (Article 11) Members You are not required to … and speak to a tax advisor if you have questions. Tier 5 Members You must contribute 3 percent of your … will not provide an additional annuity when you retire. Tier 6 Members You must contribute a percentage of your …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementPartial Lump Sum Payment – Special 20- and 25-Year Plans
… your PLS along with your first pension payment, at the end of the month following your retirement month. Eligibility To … available to you is a percentage of the total actuarial value of your retirement benefit at the time you retire. The … more 5, 10, 15, 20 or 25% *A percentage of the actuarial value of your retirement benefit. For More Information For …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentBorrowing Against Your Contributions – State Police Plan
… You must be in active service and have at least one year of member service credit. You must repay each outstanding … The minimum loan is $25. The maximum loan is 75 percent of your annuity savings contribution balance, minus any … loan balance, so you must have an annuity savings balance of at least $33.35. Annuity savings contributions are those …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0Partial Lump Sum (PLS) Payment at Retirement — For Eligible NYSLRS Members
… distribution is a single payment equal to a percentage of the value of your pension benefit at retirement. The payment amount … to increase your monthly retirement benefit. Future cost-of-living adjustments (COLAs) will be based on the amount of … Certain NYSLRS members may choose to receive a percentage of their retirement benefit in a single payment …
https://www.osc.ny.gov/retirement/members/partial-lump-sum-paymentRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… you retire with an outstanding loan, the annuity portion of your retirement benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of retirement (service or disability). The loan application …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanLoans – Divorce and Your Benefits
… based on loans existing at the time of commencement of the divorce action, or any other date before retirement. NYSLRS …
https://www.osc.ny.gov/retirement/members/divorce/loansEligibility, the Benefit and Filing – Career Plan
… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members: You must have at least five years of service credit. You are eligible to retire with full … employers, you may be required to complete five years of service before you can retire under the benefits of this …
https://www.osc.ny.gov/retirement/publications/1642/eligibility-benefit-and-filingBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… You must be in active service and have at least one year of member service credit. You must repay each outstanding … The minimum loan is $25. The maximum loan is 75 percent of your annuity savings contribution balance, minus any … loan balance, so you must have an annuity savings balance of at least $33.35. Annuity savings contributions are those …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsReceiving Your Benefit and Filing Your Option Election – New Career Plan
… beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of … the first day of the month following your retirement date. You have up to 30 days after your pension benefit …
https://www.osc.ny.gov/retirement/publications/1515/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Non-Contributory Plan with Guaranteed Benefits
… payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you may change your option selection up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1513/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Police and Fire Plan
… payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you may change your option selection up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1512/receiving-your-benefit-and-filing-your-option-electionMember Outreach and Presentations
… 1-2 hour presentation for members who are within 5 years of retirement to learn about: Their NYSLRS pension and how … after submitting their application; and Things to be aware of after they retire, such as returning to work and when they will be eligible for a cost-of-living adjustment. We encourage your employees to ask …
https://www.osc.ny.gov/retirement/employers/member-outreach-and-presentationsLoans: Applying and Repaying
… against your retirement contributions if you: Are a member of the Employees’ Retirement System (ERS) or the Police and … Retirement System (PFRS); Have the required minimum amount of contributions in your account (see chart below); Have at least one year of service credit; and Actively work for New York State or a …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repaying