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Overview – Special 20- and 25-Year Plans
… Your pension is based on your years of credited service and your final average earnings (FAE). Your FAE is the average of your highest three consecutive years of earnings.* Usually these are the years right before …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/overviewOverview – Understanding Your Responsibilities: Elected & Appointed Officials
… and attests that, other than time charged to accruals, full hours were worked. In August 2015, this regulation was …
https://www.osc.ny.gov/retirement/members/ea-officials/overviewFinal Average Salary – Article 14 Benefits
… when your earnings were highest. This is usually the last three years of employment. If the earnings in any year included in the FAS period exceed the average of … earned in the FAS period; Longevity payments (maximum of three), if earned in the FAS calculation; and Payment for up …
https://www.osc.ny.gov/retirement/publications/1644/final-average-salaryEarly Retirement – Article 14 Benefits
… With 20 years of service credit, you can apply for early retirement regardless of your age. The … Social Security benefit. This retirement benefit is not eligible for escalation. Example: Retiring with 21 years … with the Office of the State Comptroller at least 15 days, but not more than 90 days, before the date on which your …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementVested Retirement Benefit – State Police Plan
… you do reach retirement age. Your benefit will be based on your service and your earnings as an active member. 1 The … eligible to collect a vested retirement benefit depends on your tier: Tier 2 — the first of the month following your … become eligible, your vested retirement will be effective on the date we receive your application. Remember, it is up …
https://www.osc.ny.gov/retirement/publications/1518/vested-retirement-benefitVested Retirement Benefit – Special 20- and 25-Year Plans
… you do reach retirement age. Your benefit will be based on your service and your earnings as an active member. The … eligible to collect a vested retirement benefit depends on your tier. Tiers 2 and 3 — the first of the month … become eligible, your vested retirement will be effective on the date we receive your application. Remember, it is up …
https://www.osc.ny.gov/retirement/publications/1517/vested-retirement-benefitOrdinary Disability – Article 14 Benefits
… disability benefits. The benefit is also subject to full escalation. Learn more about escalation. Filing You, …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… to one-half (50 percent) of your FAS and is eligible for full escalation. ( Learn more about escalation. ) The benefit …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitNormal Retirement – Article 14 Benefits
… the cost-of-living index. Some benefits are eligible for full escalation, while others are eligible for partial … years of service credit, you are immediately eligible for full escalation. Example: Retiring with 25 years of credited … $30,000 − $6,000 = $24,000 Total Annual Benefit + Full Escalation Filing Your Application for Service …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementAccidental Disability – Article 14 Benefits
… 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-disabilityOvertime Compensation – Enhanced Reporting
… and a half, double time or greater; Recall overtime; and Holiday premium pay for holidays worked.* As of July 1, 2019, … pay; Location pay; and Straight pay for holidays. *Not all holiday premium pay is considered overtime. It is only …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-compensationOrdinary Death Benefit – Article 14 Benefits
… payroll; or While you are on an authorized medical leave for up to two years (which may be extended for an additional two years); or While you are receiving … Workers’ Compensation or other employer-funded benefits for up to two years (which may be extended for an additional …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitDiNapoli: Ralph Lauren Should Ensure Human and Worker Rights are Upheld in its Operations
… all steps possible to hold their suppliers accountable for upholding human and workers rights in order to protect …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-ralph-lauren-should-ensure-human-and-worker-rights-are-upheld-its-operationsEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… a vested retirement benefit if you leave public employment and have five or more years of credited service. You can … benefit will be based on your service, age at retirement and the salary you earned when you were an active member. … for each year your early retirement age exceeds 60; and 3.33 percent for each additional year your benefit begins …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingStay Informed – Article 14 Benefits
… Your retirement benefits are an important part of a solid financial plan. They can help you and your … achieve financial security in retirement or in the event of disability or death. Use these tips to help you … you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook 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 vested … Your family or employer should notify us of your death as soon as possible so we can send the appropriate forms to …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitEscalation – Article 14 Benefits
… 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 at a … will never decrease below the original amount paid. The full escalation date for a service retirement is the first …
https://www.osc.ny.gov/retirement/publications/1644/escalationFull- and Part-Time Service Credit – Article 14 Benefits
… Full-Time Employment If you join the Retirement System on the … actually leave paid employment, as long as: You work on a full-time, continuous basis; and You earn at least the annual … of New York State’s annual minimum wage for your full career in public service. “Full-time” is defined by your …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditAvailable Options – Article 14 Benefits
… your lifetime, with the additional guarantee that if you live for less than five years or ten years after retirement, …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsOpinion 93-3
… services (see, e.g., People ex rel. Smith v Flagg , 17 NY 584). Generally, professional services which fall within … to these services (see People ex rel. Smith , supra , 17 NY, at p 589; 1A Antieau, Municipal Corporation Law, §10.33). …
https://www.osc.ny.gov/legal-opinions/opinion-93-3