Article 14 Benefits

For PFRS Tier 3 Members

Full- and Part-Time Service Credit

Article 14 Benefits
For PFRS Tier 3 Members

Full-Time Employment

If you join the Retirement System on the day you begin employment with a participating employer, we calculate your retirement service credit by subtracting your beginning date of employment from the date you actually leave paid employment, as long as:

  • You work on a full-time, continuous basis; and
  • You earn at least the annual equivalent of New York State’s annual minimum wage for your full career in public service.

“Full-time” is defined by your employer, but must be at least six hours per day, for a five-day week.

Part-Time Employment

Part-time employment is credited as the lesser of:

number of days worked ÷ 260 days

or

annual salary reported ÷ (State’s hourly minimum wage × 2,000)