Basic Plan with Increased-Take-Home-Pay (ITHP)
For PFRS Tier 1, 2, 5 and 6 Members, and Tier 3 Members Covered by Article 11
(Sections 370-a, 371-a & 375)
Once you join, there are five ways your membership can end:
- If you do not have at least five years of credited service (ten for Tier 5 and 6 members) and seven years have elapsed since you last worked for a participating public employer;
- If you are not vested, leave public employment and voluntarily withdraw your membership;
- If you transfer your membership to another New York State public Retirement System;
- If you retire; or
- If you die.
“Public employment” means paid service as an officer or employee with an employer that participates in the New York State and Local Retirement System.