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DiNapoli & A.G. Schneiderman Announce Arrest of Upstate Woman for Theft of over $67K in NYS Pension Benefits, $19K Welfare Fraud
… General Eric T. Schneiderman announced today the unsealing of a five-count indictment charging Tammy Banack, a resident of Kirkville, New York, with one count of Grand Larceny in … E felony. Banack is alleged to have stolen over $67,000 in pension benefits issued by the New York State and Local …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-ag-schneiderman-announce-arrest-upstate-woman-theft-over-67k-nys-pension-benefits-19kContributing Toward Your Retirement – State Police Plan
… be taxed on more than just the interest portion of your refund, and you may also be subject to a tax penalty. Please … (on your membership application) to determine your contribution rate. Part-time employee contribution rates are determined based on annualized wages. …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementPerformance of Duty Disability – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Eligibility You may be entitled to this disability benefit if you are found permanently disabled as a result of the … Law or if the incident or occurrence took place on or after September 1, 1980. The written notice must detail …
https://www.osc.ny.gov/retirement/publications/1511/performance-duty-disabilityAccidental Disability – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Eligibility Regardless of the amount of service credit you may have, if you become permanently … the accidental disability retirement benefit is a lifetime pension equal to three-quarters (75 percent) of your FAS, …
https://www.osc.ny.gov/retirement/publications/1511/accidental-disabilityAccidental Disability – New Career Plan
… due to your own willful negligence, you may be eligible for the accidental disability benefit. You may also be … must have filed a written notice of the accident with: The Retirement System within 90 days of the accident; or Your … you may still be eligible for this benefit if you file an application for an accidental disability retirement benefit …
https://www.osc.ny.gov/retirement/publications/1515/accidental-disabilityMandatory vs. Optional Membership
… You are appointed to a temporary or provisional position (under Civil Service Law); Your work schedule is less than 30 …
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipThe 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-planOnline Services
… We offer a growing list of secure Online Services for customers, clients and business partners. … you must first enroll to get a user ID and password. Log in You must log in to use these services VendRep System … Sole Custody Reporting Application NYS Payroll Online | Sign In Retirement Online Agency Financial Reporting Package …
https://www.osc.ny.gov/online-servicesIX.6.C Automated Standard Application for Payments (ASAP) – IX. Federal Grants
… (ASAP) is an all-electronic payment and information system developed jointly by the U.S. Treasury’s Financial … control the flow of funds to state agencies. Once an ASAP account is established, the federal agency can enter … immediate notification of approval or rejection for all online payment requests with the exception of those subject …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6c-automated-standard-application-payments-asapProcessing Retirement Applications – When Employees Retire
Notifications sent when employees file for retirement and instructions on submitting the Statement of Accrued Payments and Leave Credits form
https://www.osc.ny.gov/retirement/employers/when-employees-retire/processing-retirement-applicationsThe 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-planApplication for Refund of Excess Contributions (RS5195)
To apply for the refund of excess member contributions, NYSLRS Tier 1 & 2 members (and Tier 3 & 5 Police and Fire Retirement System members who are non-contributory), who voluntarily contribute, use form RS5195.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5195.pdfPartial Lump Sum Payment – State Police Plan
… using Retirement Online . If you file for retirement by mail, we will send you a special Option Election Form so you can choose a PLS percentage, or you can print it from the Option Selection with Partial Lump Sum Payment …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. … with a reduced benefit between ages 55 and 62. 1 For all tiers, if you recently changed employers, you may be … payable on completion of 32 years of service. Filing Your Application for Service Retirement (RS6037) must be on file …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… your retirement benefit paid. You can choose from several pension payment options, all of which will provide you with a monthly benefit for life. For … it. 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/receiving-your-benefit-and-filing-your-pension-payment-option-electionApplication for Transfer of Membership in Accordance with Chapter 390 (Laws of 2009) (PF5467)
For NYSLRS PFRS members who previously transferred an Employees’ Retirement System (ERS) membership to the Police and Fire Retirement System (PFRS)
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5467.pdfContributing Toward Your Retirement – Special 20- and 25-Year Plans
… However, you can make voluntary annuity savings contributions, which will earn interest and provide an … unless your plan limits creditable service to 20, 25 or 32 years.* In that case, you won’t contribute after the … (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-retirementRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… loan balance at retirement. The approximate reductions are for calendar year 2024. The amount of the reduction changes …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanLoans – Divorce and Your Benefits
… NYSLRS , unless the DRO on file specifically prohibits loans. If the member has an outstanding loan balance at … pension calculated without reference to any outstanding loans, the ex-spouse’s share will also be reduced. NYSLRS cannot apply a hypothetical loan reduction based on loans existing at the time of commencement of the divorce …
https://www.osc.ny.gov/retirement/members/divorce/loansPartial Lump Sum Payment – Special 20- and 25-Year Plans
… (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit will be permanently reduced . For most … for at least one year before your date of retirement; and Retire with a service retirement benefit (not a … Sum Payment You must select a pension payment option and PLS payment by the end of the month in which you retire. …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-payment