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Becoming Eligible for a Benefit – Special 20- and 25-Year Plans

… Once you have accrued five years of credited service, you are vested. This means you have earned the right to receive a retirement benefit, even if you leave …

Becoming Eligible for a Benefit – Career Plan

… receiving your vested benefit.   1 Updated 10/22 … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 …

Becoming Eligible for a Benefit – Police and Fire Plan

Becoming Eligible for a Benefit – New 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 if you leave … collect a vested retirement benefit at age 63. The amount of your vested benefit  is based on your service, age at …

Payment for Service Credit – Article 14 Benefits

… As a Tier 3 member covered by Article 14, you will usually be … Example of Mandatory Past Service Costs: You joined the Retirement System on July 13, 2009, but your employer did not … August 3rd. … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …

Becoming Eligible for a Benefit – Article 14 Benefits

… may leave public employment and, at a later date, apply for and receive a  vested retirement benefit . You can choose … when you were an active member. … Article 14 information for PFRS Tier 3 members Covers pension disability and death …

Becoming Eligible for a Benefit – Regional State Park Police Plan

… 10/22 … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

Becoming Eligible for a Benefit – En-Con Police Officers Plan

… 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having …   1 Updated 10/22 … EnCon Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383b …

Becoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a 371a and 375 Becoming Eligible for a Benefit

Implications for the Future – 2023 Financial Condition Report

… Federal Reserve Bank actions, and global uncertainty. In New York, lagging employment and labor force recovery relative to … shutdowns, other large states and most of New York’s neighboring states have returned to pre-pandemic employment …

Payroll for North America – PayServ Manual

… Payroll for North America section in Payserv Manual …

Implications for the Future – 2021 Financial Condition Report

… March and April 2020, nearly 2 million jobs were lost in New York State and, as of August 2021, only 55 percent of those … Federal aid has long played an essential role in the State’s budget and its ability to provide health care, education, …

Seminars for Local Officials

… is not an easy task and that finding time in your schedule for essential training to enhance your fiscal oversight responsibilities can be difficult. For that reason, OSC’s Local Official Training Unit offers seminars for municipal and school district governing boards and other …

Start Saving for Retirement

… The day you retire may seem far into the future but the steps … when your working days are over. The first income source is your NYSLRS pension , which provides you with a monthly … human resources office or benefit administrator to learn what plans are available through your employer. Banks or …

Implications for the Future – 2022 Financial Condition Report

… The Economic Outlook: Uncertainty Remains As the world faced … (FFY) 2020, New Yorkers consistently paid more in federal taxes than the State received in federal spending, as several … recession hit New York that the State’s budgetary reserves were not sufficient to guard against unwanted spending cuts, …

Overtime Limits for Tier 5

… New York State Retirement and Social Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more …

Overtime Limits for Tier 6

… New York State Retirement and Social Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more …

Resources for Local Officials

… Local Fiscal Recovery Funds Guidance: Guidance on Use of Funds, Reporting Requirements, Distribution Process and Contact Information from the State Division of the Budget Accounting Guidance from the Office of the State Comptroller [pdf] Constitutional Debt Limit …

Life Changes: Membership in a Nutshell

… Number Changes Send us a copy of your Social Security card to correct any error made in your Social Security …