Rs5420 2025

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The document is a membership registration form for the Employees' Retirement System in New York, detailing the information required from employees and employers for enrollment. It includes sections for personal details, employment status, and instructions on optional membership based on employment type. The document emphasizes the importance of understanding pension implications and provides guidelines for completing the form accurately.

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What happens to my NY state retirement if I quit?

Withdrawal. If you leave public employment with less than ten years of service credit, you may end your NYSLRS membership and request a refund of your contributions. Withdrawing your contributions terminates your NYSLRS membership and you would become ineligible for any Retirement System benefits.

How do I contact NYS retirement system?

Using our secure contact form; or. Calling toll-free at 866-805-0990 (518-474-7736 in the Albany, New York area).

What is the 10 percent rule for NYS retirement?

If the earnings in any year included in the FAS period exceed the average of the previous two years of earnings by more than 10 percent, the amount in excess of 10 percent is excluded from the computation. The calculation of your FAS can include, but is not limited to, the following types of payments.

How do I change my direct deposit for NYS retirement?

Use Retirement Online to Update Your Direct Deposit Information Sign in to Retirement Online. From Account Homepage, click Update Direct Deposit. Follow steps to update your bank account number and routing number.

How do I speak to someone at NYS retirement system?

Call toll-free at 1-866-805-0990 (518-474-7736 in the Albany, New York area). Press 2 and follow the prompts.

How do I withdraw from NYS retirement?

To withdraw your membership, sign in to your Retirement Online account, go to the My Account Summary area of your Account Homepage and click Withdraw My Membership. You can also apply by mail by submitting the Membership Withdrawal Application (RS5014).

How to apply for NYS retirement?

Sign in to your Retirement Online account, go to the My Account Summary area of your Account Homepage and click Apply for Retirement. Paper forms are available on our Forms page, or from our Call Center or your employer. Specific filing instructions are provided for each of the benefits described in this plan book.

How many years do you have to work for NY state to get a pension?

Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to retire with full benefits at age 62, or may choose early retirement with a reduced benefit between ages 55 and 62. Tier 5 and 6 Members: You must have at least five years of service credit.

Rs5420 2025

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