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Death Benefits
… please visit the Death Benefits — Members page .) Certain pension payment options provide a lifetime benefit to a … Getting Your Affairs in Order and A Guide for Survivors . Pension Payment Option When you retired, you chose a pension payment option. All of the options provide a lifetime …
https://www.osc.ny.gov/retirement/retirees/death-benefitsPreparing for Retirement
… for more information. If you have questions about whether purchasing additional service credit will benefit you, …
https://www.osc.ny.gov/retirement/members/preparing-retirementPension Payment Option Descriptions
… At retirement, you must decide how you would like your … for your lifetime. It guarantees that if you die before receiving retirement benefit payments that equal the initial … for 50 percent of your COLA. If your beneficiary dies first, your benefit will be increased to the amount you would …
https://www.osc.ny.gov/retirement/members/pension-payment-option-descriptionsCredit for Military or Additional Service – State Police Plan
… You may be able to receive credit toward your retirement benefit for military service or other public … less expensive than if you wait to purchase at a later date; We can process your retirement benefit more quickly if …
https://www.osc.ny.gov/retirement/publications/1518/credit-military-or-additional-serviceCredit for Military or Additional Service – Special 20- and 25-Year Plans
… You may be able to receive credit toward your retirement benefit for military service or other public … less expensive than if you wait to purchase at a later date; We can process your retirement benefit more quickly if …
https://www.osc.ny.gov/retirement/publications/1517/credit-military-or-additional-serviceBorrowing Against Your Contributions – Police and Fire Plan
… pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … to a customer service representative. Page updated 1/18 … Police and Fire Plan information for PFRS Tier 1 2 3 Article …
https://www.osc.ny.gov/retirement/publications/1512/borrowing-against-your-contributionsBorrowing Against Your Contributions – En-Con Police Officers Plan
… The amount of your annuity reduction will be based on your age, the loan balance at retirement and type of retirement … The amount of your pension reduction will be based on your age, the loan balance at retirement, and type of retirement … 2017. The amount of the reduction changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 …
https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributionsBorrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 …
https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributionsBorrowing Against Your Contributions – Career Plan
… The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsBorrowing Against Your Contributions – Regional State Park Police Plan
… pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … representative. Page updated 1/18 … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsBorrowing Against Your Contributions – New Career Plan
… The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsBorrowing Against Your Contributions – Non-Contributory Plan with Guaranteed Benefits
… The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so … pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $219 $10,000 $439 55 $5,000 $255 …
https://www.osc.ny.gov/retirement/publications/1513/borrowing-against-your-contributionsService Credit for Tiers 2 through 6
… can see your total estimated service credit in Retirement Online . Sign in to your account and scroll down to the ‘My … prior or military service, sign in to your Retirement Online account , scroll down to the ‘My Account Summary’ area … or Discharge from Active Duty (DD-214) in Retirement Online , or enclose a copy with your paper application. We …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6Available Options – Police and Fire Plan
… retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) (Available only to members … and 6 members are not annuity savings contributions. Cash Refund — Initial Value (Option 1) (Available to Tier 1 …
https://www.osc.ny.gov/retirement/publications/1512/available-optionsAvailable Options – En-Con Police Officers Plan
… This is the basic retirement benefit. It provides for the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments … option will provide you with a reduced monthly benefit for your lifetime. At your death, the unpaid balance of your …
https://www.osc.ny.gov/retirement/publications/1822/available-optionsAvailable Options – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit. It provides for the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after … savings contributions on deposit) This option will provide you with a reduced monthly benefit for your lifetime. At your …
https://www.osc.ny.gov/retirement/publications/1511/available-optionsAvailable Options – Career Plan
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after … savings contributions on deposit) This option will provide you with a reduced monthly benefit for your lifetime. At your …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Regional State Park Police Plan
… retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) (Available only to members … and 6 members are not annuity savings contributions. Cash Refund — Initial Value (Option 1) (Available to Tier 1 …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsAvailable Options – New Career Plan
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after … savings contributions on deposit)This option will provide you with a reduced monthly benefit for your lifetime. At your …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … benefit for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions … this option, you must submit proof of your beneficiary’s birth date. You can designate only one beneficiary and you …
https://www.osc.ny.gov/retirement/publications/1513/available-options