Under Tier 4 you would receive 1 ½% for each additional service year beyond 30. If you retire before age 62 with less than 30 years of service the pension factor is reduced based on your age. If you are a Tier 3 member you may retire under either Tier 3 or 4.
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Eligibility the Benefit and Filing - New York State Comptroller
You will be eligible for a service retirement benefit when you reach age 55 and have five or more years of credited member service. If you are a Tier 3 ...
About Benefit Reductions | Office of the New York State Comptroller
ERS Tiers 2 3 and 4 PFRS Tiers 2 3 (Article 11) 5 and 6 — *Tier 1 members can retire at age 55 without a benefit reduction. Retirement ...
Tier 3 & 4 Members When Is The Right Time To Retire?
02/06/2021 — A Tier 4 member with 30 years of service credit can receive a NYSLRS retirement benefits at 55 without penalty even if they left public ...
NY State Assembly Bill A5884A
Enables public employers to offer an age fifty-five with ten years of service or age fifty with twenty-five years of service temporary retirement incentives ...
55/25 Retirement Plan For Tier 4 Members
As a Tier 4 member you are required to contribute 3% of your gross wages until the earlier of ... Any teaching position with the City University of New York.
55/25 Retirement Plan for Tier 4 Members Brochure #944
55/25 Retirement Plan for Tier 4 Members Brochure #944 ... are eligible to receive a Service Retirement Benefit at age 55. ... Long Island City NY 11101.
Service Retirement Plans and Benefits for Tiers III/IV
RETIREMENT PLANS. Tier III and IV members participate in either the. “basic” retirement plan or the Age 55 Retirement. Program as described below.
2010-11 Retirement Incentive Program - Division of the Budget
The targeted incentive programs will be implemented in four sequential stages beginning with (1) a review of the agencys workforce savings target with the ...