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Retirement System Membership – Special 20- and 25-Year Plans
… membership in the New York State and Local Police and Fire Retirement System (PFRS) is mandatory. Employers are … in your Member Annual Statement, or you can contact us to verify your plan coverage. Members who joined before July … in a special plan after one year has passed. If your date of membership is January 1, 2015, or later, and you are …
https://www.osc.ny.gov/retirement/publications/1517/retirement-system-membershipCredit for Previous or Military Service – Regional State Park Police Plan
… You may be able to obtain credit for your previous public employment or military service. It is … types of credit listed below may not provide additional benefits under your special plan. Contact us to verify what … of your military service. To determine your eligibility and the cost, if any, please send us a copy of your …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceApplying for Previous or Military Service Credit – En-Con Police Officers Plan
… send a written request (which must be received before your effective date of retirement) to our Member & Employer … We will determine your eligibility to receive the credit and any cost involved. Requesting credit for your previous … by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/applying-previous-or-military-service-creditLoans – Divorce and Your Benefits
… loans. If the member has an outstanding loan balance at retirement, the pension will be reduced for each loan, taking … with a share of the pension calculated without reference to any outstanding loans, the ex-spouse’s share will also be … time of commencement of the divorce action, or any other date before retirement. NYSLRS may not be able to provide an …
https://www.osc.ny.gov/retirement/members/divorce/loansOverview – Membership and Enrollment
… About NYSLRS The New York State and Local Retirement System (NYSLRS) is one of the largest … (ERS); and The Police and Fire Retirement System (PFRS). Benefits of NYSLRS Membership NYSLRS membership provides many … NYSLRS Membership As a participating employer of NYSLRS, your employees fall into one of two categories: Those for …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/overviewEmployer E-News Archive — 2024
… make sure you receive the latest Retirement System member and retiree news. December 2024 Reminder: Annual Invoice … the Enhanced Reporting Excel Tool Avoid Costly Issues for Your Employees—Submit Your Monthly Report on Time Set Up Your … the Switch August 2024 Enhanced Reporters Reaping the Benefits Reminder: Your Estimated Invoice is Available to …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2024Payment for Service Credit – Article 14 Benefits
… you. There are two kinds of past service costs — mandatory and optional. Mandatory costs are required for service credit … You joined the Retirement System on July 13, 2009, but your employer did not begin taking contributions from your … PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditCredit for Previous or Military Service – Non-Contributory Plan with Guaranteed Benefits
… You may be able to obtain credit for your previous public employment or military service. It … Before Your Date of Membership You may receive credit for working for a participating employer before you joined the Retirement …
https://www.osc.ny.gov/retirement/publications/1513/credit-previous-or-military-serviceAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Under Section 341[j] of the Retirement and Social Security Law (RSSL), you may receive service credit for your unused, unpaid sick leave days at retirement. To be … covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jService Credit for Tiers 2 through 6
… credit for which you may be eligible. Remember, our staff is available to help you and answer your questions. … We will automatically notify your employer to take payroll deductions until the amount is paid. If you have … benefit, you must request this credit while you are on the payroll of a participating employer. If you receive a …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6Service Retirement Benefit – Regional State Park Police Plan
… officer. The Benefit With 25 years of creditable service, your retirement benefit will equal one-half (50 percent) of … your FAS, up to a maximum of 15 years for Tier 1 members and seven years for Tier 2, 3, 5 and 6 members. Under this … covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/service-retirement-benefitPartial Lump Sum Payment – En-Con Police Officers Plan
… if you are eligible for PLS, we will send you a special Option Election Form so you can choose a PLS payment along with the standard …
https://www.osc.ny.gov/retirement/publications/1822/partial-lump-sum-paymentWorld Trade Center Presumption – Police and Fire Plan
… employer of NYSLRS or another New York public retirement system at that time, you should be aware of the … benefit if you become permanently disabled and unable to perform your job due to a qualifying condition. You may be eligible to reclassify …
https://www.osc.ny.gov/retirement/publications/1512/world-trade-center-presumptionHow to Report Days Worked – Legacy Reporting
… The number of days worked you report for your employees has a direct impact on their retirement benefits. We use days worked to determine service credit, which is the basis for benefit eligibility and, in most cases, used in the calculation of benefits. …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/how-report-days-workedApplying for Previous or Military Service Credit – Regional State Park Police Plan
… send a written request (which must be received before your effective date of retirement) to our Member & Employer … We will determine your eligibility to receive the credit and any cost involved. Requesting credit for your previous … covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/applying-previous-or-military-service-creditForms
… please go to the Retiree and Beneficiary Forms section. Retirement Online now offers more services and time-saving features. In many cases, noted …
https://www.osc.ny.gov/retirement/formsCost-of-Living Adjustment – En-Con Police Officers Plan
… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. … by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/cost-living-adjustmentContributing Toward Your Retirement – Special 20- and 25-Year Plans
… allowed has been reached. For your first three years of membership, we use the annual wage provided to us by your employer (on your membership application) to determine your contribution rate. After three years, we base your …
https://www.osc.ny.gov/retirement/publications/1517/contributing-toward-your-retirementCost-Saving Ideas: Overtime Planning and Management
… personal service 1 and pension costs. For example, 8 to 30 percent of wages paid to highway employees in New York State are for overtime. A … payroll taxes, workers' compensation premiums, and retirement costs, could increase cost savings an additional …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-overtime-planning-and-managementAbout Offering a Retirement Plan – What Every Employer Should Know
… Why offer a Retirement System plan to your employees? Being part of NYSLRS enables municipal … regardless of their size, to offer employees an attractive benefits package, including a defined benefit pension . With … plan that provides a guaranteed benefit helps attract and retain qualified workers interested in career-long …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-plan