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Comparison of PFRS Benefits
… January 9, 2010 through March 31, 2012 April 1, 2012 and after Vesting After earning 5 years of service credit. … Contributions. Retirement Age Members in special plans can retire after completing their plan’s minimum service … Retirement — Regular Retirement Plan (Sections 375-h, 375-i) Articles 11 and 22: Benefit reduction is permanent, and …
https://www.osc.ny.gov/retirement/employers/comparison-pfrs-benefitsBecoming Eligible for a Benefit – Article 14 Benefits
… do not withdraw your contributions, you will have earned the right to receive a pension once you meet the minimum requirement of five years of service credit, even … age or when you reach age 55. Your early retirement age is the age at which you would have completed 20 years of service …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitBecoming Eligible for a Benefit – En-Con Police Officers Plan
… even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a … a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, age at … by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/becoming-eligible-benefitBecoming Eligible for a Benefit – Career Plan
… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even … when you were an active member. Vesting is automatic — you do not have to fill out any paperwork or file an application …
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitBecoming Eligible for a Benefit – Police and Fire Plan
… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … payroll may collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, …
https://www.osc.ny.gov/retirement/publications/1512/becoming-eligible-benefitBecoming Eligible for a Benefit – New Career Plan
… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. … when you were an active member. Vesting is automatic — you do not have to fill out any paperwork or file an application …
https://www.osc.ny.gov/retirement/publications/1515/becoming-eligible-benefitBecoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits
… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … payroll may collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, …
https://www.osc.ny.gov/retirement/publications/1513/becoming-eligible-benefitBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … employment. 1 Tiers 1, 2, 3 and 5 If you are covered by the Age 60 Retirement Plan, you can begin receiving your … benefit when you reach age 60. If you are covered by the Age 55 Retirement Plan, you can begin receiving your …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitBecoming Eligible for a Benefit – Regional State Park Police Plan
… Once you have accrued five years of credited service, you will be vested. This means you have earned the right to receive a retirement benefit, even … when you were an active member. Vesting is automatic — you do not have to fill out any paperwork or file an application …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefitAre You Vested? And What It Means
… you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements … Social Security Law (RSSL). When you apply to retire, we will notify your employer that your last day on their payroll … sign into your Retirement Online account and go to the 'My Account Summary' section. You can also check your Member …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansComparison of ERS Benefits
… of Employees’ Retirement System (ERS) benefits by tier. Tiers 3 & 4 Tier 5 Tier 6 Membership Dates Tier 3: July 27, 1976 … 5 Member Contributions. 3% – 6% based on annual earnings. Members contribute for all years of public service (except …
https://www.osc.ny.gov/retirement/employers/comparison-ers-benefitsThe Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… five or more years of credited service, you may choose to retire with a full benefit at age 62 or between the ages … elected the special plan. The Benefit If you are eligible to receive a full benefit, your pension will equal: 1/140th …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planThe Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… five or more years of credited service, you may choose to retire with a full benefit at age 62, or between the ages … elected the special plan. The Benefit If you are eligible to receive a full benefit, your pension will equal: 1/120th …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planEligibility, the Benefit and Filing – Police and Fire Plan
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 … retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. …
https://www.osc.ny.gov/retirement/publications/1512/eligibility-benefit-and-filingEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 … retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingEligibility, the Benefit and Filing – New Career Plan
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to retire with full … between ages 55 and 62. 1 Regardless of tier, if you work for an employer that offers a special plan (that allows …
https://www.osc.ny.gov/retirement/publications/1515/eligibility-benefit-and-filingState Agencies Bulletin No. 1256
… new Tier VI pension plan that included a Voluntary Defined Contribution Program (VDCP). The SUNY Optional Retirement … Plan (ORP) was selected as the model for the defined contribution component of the plan, permitting eligible … who does not complete the vesting period is entitled to a refund of contributions, plus interest, upon request. At this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1256-new-tier-vi-voluntary-defined-contribution-retirement-programEligibility, the Benefit and Filing – Career Plan
… You must have at least five years of service credit after July 1, 1973. You are eligible to retire with full … be required to complete five years of service before you can retire under the benefits of this plan. Regardless of tier, if you work for an employer that offers a special plan (that allows …
https://www.osc.ny.gov/retirement/publications/1642/eligibility-benefit-and-filingService Retirement Benefit – En-Con Police Officers Plan
… an additional 1/60th (1.66 percent) of your FAS, up to a maximum of 15 years for Tier 1 members and seven years … 25 years of service, you will receive a benefit equal to 1/50th (2 percent) of your FAS for each year of En-Con …
https://www.osc.ny.gov/retirement/publications/1822/service-retirement-benefitService Retirement Benefit – State Police Plan
… Eligibility You will be eligible to retire with full benefits at any age … With at least 20 years of creditable service , your pension will be: 50 percent of your FAE; plus 1.66 percent of … sign in to your Retirement Online account , go to the ‘My Account Summary’ area of your Account Homepage and click …
https://www.osc.ny.gov/retirement/publications/1518/service-retirement-benefit