Elder Form For Pension In Queens
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FAQ
Tier 4 has better reduction factors if you retire before age 62 with less than 30 years of service; and, Your maximum pension factor is unlimited under Tier 4, but is limited to 60% under Tier 3.
You will need an appointment for a pre-retirement consultation. To schedule one, please call 866-805-0990. Appointments are available by phone or in-person at our offices located in: Albany.
You can check your eligibility date with our automated phone system. Call 866-805-0990 (518-474-7736 in the Albany, New York area).
You can check your eligibility date with our automated phone system. Call 866-805-0990 (518-474-7736 in the Albany, New York area).
To receive the full retirement benefit, you must retire at age 62 or older or, if you have at least 30 years of credited service, you may retire as early as age 55. With less than 30 years of credited service, you may retire between the ages 55 and 62 and receive a reduced benefit.
Most members are eligible to file a retirement application between 15 to 90 days before their retirement date. The fastest way to file is through your Retirement Online account. With Retirement Online, you can upload all your retirement-related documents as you step through the application process.
Forms NameTitleCurrent version Form 5500 & Schedules Annual Return/Report of Employee Benefit Plan Standard Form 5500-EZ Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan Fillable PDF Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan Standard PDF58 more rows •
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.
If the earnings in any 12-month period in your FAE exceed the average of the previous two years by more than 10 percent, the amount above 10 percent will not be included in your FAE calculation.
You can start your retirement benefit at any point from age 62 up until age 70. Your benefit will be higher the longer you delay your start date.