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Can you retire after 10 years of work?

To qualify for Social Security benefits, you'll need to earn 40 \u201cquarters of coverage.\u201d You can earn a maximum of four quarters per year, which for most people means you'll need to work for at least 10 years to qualify for retirement benefits.

What is retiree death benefit?

When a participant in a retirement plan dies, benefits the participant would have been entitled to are usually paid to the participant's designated beneficiary in a form provided by the terms of the plan (lump-sum distribution or an annuity).

When should I submit my retirement application?

You can apply up to four months before you want your retirement benefits to start. For example, if you turn 62 on December 2, you can start your benefits as early as December. If you want your benefits to start in December, you can apply in August.

How do I make an appointment with NYS retirement system?

To schedule one, please call toll-free 1-866-805-0990 or 518-474-7736 in the Albany, New York area.

What are NY state death benefits?

A pension equal to one-half (50 percent) of your wages during your last year of active service. A pension equal to one-half (50 percent) of your FAS reduced by the amount of any Workers' Compensation benefit paid or payable on account of your death. A pension equal to one-half (50 percent) of your FAS.

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