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NYS Comptroller

Thomas P. DiNapoli

Member Contributions

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Employees’ Retirement System (ERS) & Police and Fire Retirement System (PFRS) Tiers 1 & 2 PFRS Tier 3 (Article 11)

If you are covered by a non-contributory retirement plan and have made voluntary contributions under Section 21(l) or 321(l), you may apply for a refund of those excess contributions.* You may receive one refund of your excess contributions in a 12-month period.

If you transfer your membership from another New York State or New York City public retirement system into our Retirement System, you may also have excess contributions. You should contact us at the time of transfer to find out the status of your contributions.

To apply for a refund of excess contributions, complete an Application for Refund of Excess Contributions (RS5195) Adobe pdf.

Contributions on deposit because you purchased credit for your military service or are covered by a contributory retirement plan cannot be refunded as excess.

*Excess contributions are contributions not mandated by law which most members covered by a non-contributory plan can withdraw without terminating their Retirement System membership.

Employees’ Retirement System (ERS) Tiers 3 & 4

You must contribute 3 percent of your gross reportable earnings toward your retirement benefits until you have been a member of the Retirement System for ten years, or have ten years of credited service, whichever occurs first.

Police and Fire Retirement System (PFRS) Tier 3 (Article 14)

You must contribute 3 percent of your gross reportable earnings for 25 years or until retirement, whichever occurs first.

Employees’ Retirement System (ERS) Tier 5

You must contribute 3 percent of your gross reportable earnings for all your years of public service.

Exceptions:

  • State Correction Officers whose contributions are limited to 30 years of service.
  • Uniformed Court Officers and Peace Officers employed by the Unified Court System must contribute 4 percent of their salary for all their years of public service.

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Police and Fire Retirement System (PFRS) Tier 5

You must contribute 3 percent of your gross reportable earnings for all your years of public service.

Exceptions:

  • Tier 5 members enrolled in a retirement plan limiting the amount of creditable service they may accrue will not be required to contribute once they reach the maximum amount of service allowed by their plan.
  • If a union-negotiated collective bargaining agreement in effect on January 9, 2010, requires an employer to offer a 20- or 25-year plan, any new employees who join while that agreement is in place will not have to contribute.

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Employees’ Retirement System (ERS) Tier 6

You must contribute a specific percentage of your earnings (see chart below) for your entire career. During the first three years of membership, your contribution rate is based on your annualized wage, as provided by your employer, on your Membership Application. After this three-year period, your contribution rate will be based on what you actually earned two years prior. For part-time employees, your contribution rate is based on your annualized salary. Contribution rates are set at the beginning of each fiscal year. Regardless of whether you work on a full- or part-time basis, however, the amount of your contribution is determined by applying your contribution rate to your current gross reportable earnings.

Annual Wage Contribution Rate
$45,000 or less 3%
$45,000.01 to $55,000 3.5%
$55,000.01 to $75,000 4.5%
$75,000.01 to $100,000 5.75%
More than $100,000 6%

Exception:

  • New York State Correction Officers’ contributions are limited to 30 years of service.

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Police and Fire Retirement System (PFRS) Tier 6

You must contribute a specific percentage of your earnings (see chart below) for your entire career. During the first three years of membership, your contribution rate is based on your annualized wage, as provided by your employer, on your Membership Application. After this three-year period, your contribution rate will be based on what you actually earned two years prior. For part-time employees, your contribution rate is based on your annualized salary. Contribution rates are set at the beginning of each fiscal year. Regardless of whether you work on a full- or part-time basis, however, the amount of your contribution is determined by applying your contribution rate to your current gross reportable earnings.

Annual Wage Contribution Rate
$45,000 or less 3%
$45,000.01 to $55,000 3.5%
$55,000.01 to $75,000 4.5%
$75,000.01 to $100,000 5.75%
More than $100,000 6%

Exceptions:

  • Tier 6 members enrolled in a retirement plan limiting the amount of creditable service they may accrue will not be required to contribute once they reach the maximum amount of service allowed by their plan.
  • If a union-negotiated collective bargaining agreement in effect on January 9, 2010, requires an employer to offer a 20- or 25-year plan, any new employees who join while that agreement is in place will not have to contribute.

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Interest on Contributions

Employees’ Retirement System (ERS) Tier 3, 4, 5 and 6 and Police and Fire Retirement System (PFRS) Tier 3 (Article 14) member contributions earn 5 percent annual interest.

All Tier 1 and 2, PFRS Tier 3 (Article 11) and PFRS Tier 5 and 6 member contributions may also earn 5 percent interest, 3 percent guaranteed, plus up to an additional 2 percent based on the Retirement System’s earnings. The interest rate on these contributions has been 5 percent since 1976.

Please see your member booklet for complete information on contributions to your plan.

(Rev. 2/13)

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