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Office of the New York State Comptroller’s Seal

NYS Comptroller

Thomas P. DiNapoli

Retirement Plan

For ERS Tier 5 Members

(Article 15)

Vested Retirement Benefit

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You are eligible for a vested retirement benefit if you leave public employment before age 55 and you have ten or more years of credited service. This means that when you reach age 55, you will be entitled to a pension based on your service and the salary earned when you were an active member.

Your full vested benefit is payable at age 62, but you can choose to retire as early as age 55. With the exception of uniformed court officers or peace officers employed by the Uniformed Court System, if you choose to retire prior to 62, your benefit will be permanently reduced. Uniformed court officers or peace officers employed by the Uniformed Court System can retire prior to 62 without a reduction for early retirement if they have 30 years of service credit.

Your Vested Benefit

This benefit is calculated the same way as your service retirement benefit. However, it cannot be less than the value of your accumulated contributions with interest. For an explanation of your benefit, please refer to Service Retirement Benefits.

Your pension is payable for your lifetime. You may elect one of several payment options to provide for a continuing payment to a designated beneficiary of your choosing after your death.


To receive your vested pension at the earliest possible date, file a retirement application no earlier than 90 days before your 55th birthday. If we receive your retirement application after your 55th birthday, your vested retirement is effective the date the application is received.

Remember, it is up to you to file a retirement application when you become eligible and wish to receive your benefit.