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Early Retirement – Article 14 Benefits
… With 20 years of service credit, you can apply for early retirement regardless of your age. The early retirement benefit equals 42 percent of your FAS for 20 years of service credit plus an additional 4 percent of your FAS for each year of service (or prorated portion thereof) beyond …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementOrdinary Disability – Article 14 Benefits
… Eligibility To qualify for the ordinary disability retirement benefit, you must: Be unable to perform your duties because of a … 2 percent of your FAS for each year of credited service, up to 25 years. It is reduced by 100 percent of any Workers’ …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… escalation. ) The benefit is paid to your beneficiaries, in this order: To your surviving spouse, provided he or she … than one child, parent or other dependent. If the total of all the accidental death benefit payments is not more than … had to be filed within two years of your date of death). *All beneficiaries would be eligible for annual COLAs after …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitNormal Retirement – Article 14 Benefits
… You can choose normal retirement or early retirement, but must be separated from service on the first … least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal retirement …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementDiNapoli Launches Audits on School Safety
… schools' safety and emergency plans. This must remain our top priority from here on out as we lead the charge for … resulting in numerous deaths and serious injuries. In May, 10 people were killed and another 10 injured by a student at a Santa Fe, Texas, high school. In …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-launches-audits-school-safetyAccidental Disability – Article 14 Benefits
… caused by your own willful negligence. There is no minimum service requirement for an accidental disability retirement … application should be filed while you are still in active service. Active service is defined as: Service while on your employer’s payroll; or When you are on an authorized medical leave of …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Death Benefit – Article 14 Benefits
… or Within 12 months of the last date you were receiving salary, provided you were not otherwise gainfully employed … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitDiNapoli Op-Ed in Crain's New York Business
… Crain’s New York Business published an op-ed from New York State Comptroller Thomas P. DiNapoli today on the … We must do better. I've released reports on key relief initiatives , including the federal Paycheck Protection …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingStay Informed – Article 14 Benefits
… to retire. Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook and follow us on Twitter for quick … updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …
https://www.osc.ny.gov/retirement/publications/1644/stay-informedOut-of-Service Death Benefit – Article 14 Benefits
… If you are a vested member with at least ten years of credited service, have not retired and you die more than one year after leaving public employment, 50 percent of the ordinary death benefit may still be payable. This … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitEscalation – Article 14 Benefits
… each April at a rate equal to the increase or decrease in the cost-of-living index or 3 percent, whichever is less. …
https://www.osc.ny.gov/retirement/publications/1644/escalationFull- and Part-Time Service Credit – Article 14 Benefits
… as long as: You work on a full-time, continuous basis; and You earn at least the annual equivalent of New York … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditAvailable Options – Article 14 Benefits
… payment methods. These requests must be outlined in detail by you and then approved by us for legal and actuarial soundness. *If you elect this …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… not qualify for a retirement benefit, you should file the Withdrawal Application (RS5014) no earlier than 15 days …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipMore About This Retirement Plan – Article 14 Benefits
… This retirement plan summary describes benefits provided by Article 14 of the Retirement and Social Security Law (RSSL) as enacted … and Local Retirement System, headed by the Comptroller of the State of New York, administers this plan. Our main …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planA Message From Comptroller Thomas P. DiNapoli – Article 14 Benefits
… As a member of the Retirement System, you are covered by a plan that provides … This presentation explains some of those benefits and the services available to you as a member of our system, including: Benefits you will receive at retirement if you meet the service and age requirements …
https://www.osc.ny.gov/retirement/publications/1644/message-comptroller-thomas-p-dinapoliRFQual0002 – Independent Examiner Services (Individual Physicians)
… the following: Current Resume or curriculum vitae; A list of addresses for offices where IMEs will be performed; A list of the area(s) of expertise in which the physician is …
https://www.osc.ny.gov/procurement/rfqual0002Retirement System Membership – Article 14 Benefits
Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membershipContributing Toward Your Retirement – Article 14 Benefits
… retirement, whichever is earlier. If you are employed by more than one participating employer, once you join the … for federal income tax; Reported as wages for New York State and local income taxes; Reported as wages for Social … System, and used in the calculation of all benefits paid by the Retirement System; and Calculated on your full gross …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirement