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Final Average Salary – Article 14 Benefits
… were highest. This is usually the last three years of employment. If the earnings in any year included in … sick leave (payment for over 165 days is included for State Police members); Payments made as a result of working …
https://www.osc.ny.gov/retirement/publications/1644/final-average-salaryAccidental Disability – Special 20- and 25-Year Plans
Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 and 6 members under Sections 384 384d and 384e Accidental Disability
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityPerformance of Duty Disability – En-Con Police Officers Plan
… disease, your application must be filed while you are in service. Notice of Occurrence To be eligible for this … The application must be filed while you are still in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is defined as while you are: Being paid on the …
https://www.osc.ny.gov/retirement/publications/1822/performance-duty-disabilityRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… age 62, your service retirement benefit equals 2.1 percent of your FAS for each year of service credit. The benefit is reduced by 50 percent of your primary Social Security benefit. Example: Retiring …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceFull- and Part-Time Service Credit – Regional State Park Police Plan
… Full-Time Employment If you join the Retirement System on the day you … of days worked ÷ 260 days or annual salary reported ÷ (State’s hourly minimum wage × 2,000) Employers report days worked and salary to us. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/full-and-part-time-service-creditDual Membership in NYSLRS – Divorce and Your Benefits
… the Domestic Relations Order (DRO) may be directed to the “New York State and Local Retirement System” … If a member has dual membership and is eligible to receive pension benefits from both systems, but the DRO is applicable to only one membership, then the DRO must specifically …
https://www.osc.ny.gov/retirement/members/divorce/dual-membership-nyslrsOrdinary Disability (Section 362) – Special 20- and 25-Year Plans
… behalf. For example, your attorney, a power of attorney (POA) , or a court-appointed guardian who has been granted …
https://www.osc.ny.gov/retirement/publications/1517/ordinary-disability-section-362Retroactive Payments – Legacy Reporting
… benefits or disability benefits, or for whom we have paid a death benefit. You must inform us in writing. This cannot be included in your monthly report. Your letter should include the member’s name, NYSLRS …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-paymentsState Police Accidental Disability (Section 363-bb) – State Police Plan
… You may be entitled to this benefit if, at the time of filing, you are: Permanently incapacitated (physically or … accidental disability retirement benefit is a lifetime pension. The benefit is equal to 75 percent of your FAE, plus … by the court, may file. You must select a pension payment option for the payment of your disability benefits. …
https://www.osc.ny.gov/retirement/publications/1518/state-police-accidental-disability-section-363-bbEscalation – Article 14 Benefits
… index. Service retirement benefits can be eligible for either full or partial escalation. If a benefit is eligible for full escalation, it will increase or decrease each April … below the original amount paid. The full escalation date for a service retirement is the first day of the month …
https://www.osc.ny.gov/retirement/publications/1644/escalationNormal Retirement – Article 14 Benefits
… your FAS. When you turn 62, the normal retirement benefit is reduced by 50 percent of your primary Social Security …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementSocial Security Adjustment – Article 14 Benefits
… benefit is the part of your Social Security benefit based on public employment in New York State. It is determined using your wages for …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentOrdinary Death Benefit – En-Con Police Officers Plan
… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to … the appropriate forms to your beneficiary. … EnCon Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1822/ordinary-death-benefitA Message From Comptroller Thomas P. DiNapoli – En-Con Police Officers Plan
… I am joined by a staff of dedicated professionals in my commitment to helping you make informed decisions about …
https://www.osc.ny.gov/retirement/publications/1822/message-comptroller-thomas-p-dinapoliStraight Talk About Financial Planning For Your Retirement
Your pension benefit is only part of a good financial plan. This publication includes information about NYSLRS benefits as well as financial planning tips.
https://www.osc.ny.gov/files/retirement/publications/pdf/1845-financial-planning.pdfTier Status – Article 14 Benefits
… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are a Tier 3 … are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, 2009 …
https://www.osc.ny.gov/retirement/publications/1644/tier-statusEnding Your Membership – Non-Contributory Plan with Guaranteed Benefits
… 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/1513/ending-your-membershipPerformance of Duty Disability – Career Plan
… benefit within one year following the alleged incident or occurrence. Otherwise, you must have filed a written notice of the incident or occurrence with: The Retirement System within 90 days of the incident or occurrence; or Your employer within 30 days of the date of …
https://www.osc.ny.gov/retirement/publications/1642/performance-duty-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… service you may have. Notice of Occurrence To be eligible for this benefit, you must file an application for a performance of duty disability retirement benefit … be eligible to receive. You must also select an option for the payment of your disability benefits . Filing You, …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityBecoming a Participating Employer – What Every Employer Should Know
… in NYSLRS begins with you providing us with a roster of employee names, current salaries, dates of employment, and … submit it to us, along with an affidavit from your fiscal officer stating that you will pay the cost of participation. … After an employer has participated in NYSLRS for one full State fiscal year (April 1 – March 31), an initial valuation …
https://www.osc.ny.gov/retirement/employers/partnership/becoming-participating-employer