regrets
Participating Member
Posts: 99
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Post by regrets on Nov 5, 2013 23:19:27 GMT -5
Ncpdhopeful, if the proposed deal passes before he gets into academy he will be in a tier 6 pension which he will have to pay into pension & Ot will be capped for pensionable purposes
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Post by OTJrook on Nov 5, 2013 23:44:47 GMT -5
No he will not....he has 8 years on with the NYPD. Once he transfers his money from the NYC police pension fund to the NYS PFRS AFTER being hired with NCPD then he will be a tier 2 ncpd police officer with a 20 year retirement. He cannot be placed into an inferior tier.
it goes by your date of your previous membership. Any city cop who was hired prior to July 2009 who transfers to ncpd will keep the 20 year retirement and be placed in tier 2 non contributory. His 8 years will also count towards his longevity money as an NCPD cop
the only thing from the deal that would effect him is that he would have to pay 15% of his medical.
25year retirement, paying into pension(tier 6), and 15% into medical would be for a brand new hire who does not have any prior pension time in a NYC or NYS retirement plan
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Post by redstone14 on Nov 6, 2013 0:00:56 GMT -5
NYC just elected a Communist for mayor. Between a rock and a hard place.....
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regrets
Participating Member
Posts: 99
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Post by regrets on Nov 6, 2013 0:13:29 GMT -5
Well than there are different rules bc I tried going back to the city after 9 yrs there & 5 here. They said I would be tier 6 even with no break of service. And longevity is frozen out here also. 16 yrs & I have no longevity either. I made a lot more in city than here tho schedule is better here. But it all comes down to $$$$$
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Post by OTJrook on Nov 6, 2013 0:22:55 GMT -5
Not sure how you could go back to the city after having 5 years with ncpd. You only have 1 year to go back from the time you leave.
Wouldn't you have to do the academy again and start over?
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Post by 1ppnotforme on Nov 6, 2013 0:23:53 GMT -5
AGAIN DO NOT TAKE THIS JOB - IF YOU SIGNED , CALL YOU INVESTIGATOR GET THAT LETTER BACK, AND HOLD OUT FOR A VILLAGE. DO NOT TAKE THIS COUNTY 'JOB'
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regrets
Participating Member
Posts: 99
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Post by regrets on Nov 6, 2013 0:45:15 GMT -5
Yes I was going to do the academy over. And I was willing to do it but not at tier 6.
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Post by OTJrook on Nov 6, 2013 1:30:03 GMT -5
Yes I was going to do the academy over. And I was willing to do it but not at tier 6. That wouldnt make much sense. the lowest frozen salary for guys in steps is just under top pay of a city PO....PLUS in ncpd u dont pay into the pension so u end up making the same. You would of lost even more money doing the nypd academy over
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Post by unregistered5150 on Nov 6, 2013 3:22:59 GMT -5
Ncpdhopeful, if the proposed deal passes before he gets into academy he will be in a tier 6 pension which he will have to pay into pension & Ot will be capped for pensionable purposes You lose tier 2 if this deal goes through. You sign it away upon appointment to NCPD.
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Post by OTJrook on Nov 6, 2013 3:47:05 GMT -5
Your wrong...u cant lose your tier. It goes by the date you joined the pension system. Made calls to the PFRS and they have confirmed this. You dont just sign away your tier when getting hired.
What would happen is he would be hired as a tier 6 PFRS but once his NYPD time is transferred over then it would reinstate him to tier 2 since his membership began b4 July 2009.
once you transfer over your service from another pension system then you are reinstated to ur previous tier. It goes based on your date of membership. Any potential "Deal" will not effect a city cops tier when transferring over to NCPD
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Post by overthecap on Nov 6, 2013 6:35:51 GMT -5
If You Are a PFRS Member: You are in: If you joined: * PFRS members who joined July 1, 2009 through January 8, 2010 and did not elect to be covered by Article 22 (i.e. did not opt into Tier 5), can be covered by Article 11 or Article 14 benefits, depending on their retirement plan election. There is no Tier 4 in the Police and Fire Retirement System.
Tier 1 before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, 2009 through January 8, 2010* Tier 5 January 9, 2010 through March 31, 2012 Tier 6 April 1, 2012 or after
Vested Membership Members are considered ‘vested’ when they have earned sufficient service credit to qualify for a pension. Vesting is automatic; you do not have to fill out any paperwork to obtain this status. Tier 5 and 6 members are vested when they have ten or more years of member service. Members in other tiers are vested after earning five years. As a vested member, you may leave public employment and, when you become eligible at a later date (depending on your Retirement System and tier status), apply for and receive your service retirement benefit.
Tier 3 and 4 vested members with at least five, but less than ten, years of service credit can voluntarily withdraw their membership and receive a refund, or roll over their contributions to an IRA or another qualified retirement plan.
If you are a Tier 3 or 4 member and have at least five years of service, we encourage you to weigh the advantages and disadvantages of keeping your contributions intact and filing for a retirement benefit when you are eligible.
Ending Your Membership
Once you join the Retirement System, 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 in public service; •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. Non-vested members who leave public service, have not withdrawn their membership, and return to public service within seven years, will continue in their current membership and tier.
Reinstating Your Former Date of MembershipYou may be eligible for a change in your date of membership, and perhaps a change in your tier status, if you were ever a member of one of the following public retirement systems prior to your current membership:
•New York State and Local Employees’ Retirement System •New York State and Local Police and Fire Retirement System •New York State Teachers’ Retirement System •New York City Employees’ Retirement System •New York City Teachers’ Retirement System •New York City Police Pension Fund •New York City Fire Department Pension Fund •New York City Board of Education Retirement System If you are still employed in a position covered by the other retirement system, you are not eligible for tier reinstatement. Your membership in the other system must have been terminated or withdrawn.
For reinstatement to Tier 1 or Tier 2, send us a completed Application to Reinstate a Former Tier 1 or 2 Membership (RS5506) . If your previous membership was with another retirement system, or a Tier 3, 4, 5, or 6 membership, please write to our Member & Employer Services Bureau.
Note: An earlier tier of membership does not always result in better benefits in every instance. Please review all available information carefully before making your decision and contact us with any questions you may have.
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Post by doughnut on Nov 6, 2013 7:13:44 GMT -5
Hey patrol guy, there are guys on this sight who disagree about everything from the way to put on socks in the morning to the county and PBA elections, yet many of them here are saying don't take this job, get it! Rip that letter up, put yourself on a private P.D. List and shop yourself around, it's not that hard to do. If you are comfortable at 34k then by all means enjoy yourself at that pay for the next XX years. By the way that's about $1100 every two weeks claiming 3 on your taxes, but you have to figure less now that you'll be paying into healthcare. Pray your wife does not ever get laid off and your bills don't increase. You want to escape the city stress believe me I know, however I'm telling you the stress that not making your mortgage or your other bills will far outweigh what you feel now.
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regrets
Participating Member
Posts: 99
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Post by regrets on Nov 6, 2013 7:29:39 GMT -5
NCPD hopeful, from what I was told you lose tier 2 status under the "proposed deal". I have in front of me right now. Maybe your right that there is a loophole but it does not state that here. It doesn't matter like doughnut said, anyone getting hired here or transferring here will be stuck at 34k for XX YEARS. Mangano winning confirmed that NIFA will be here for a very long time. As far as my own situation, no I would not be making less if I was able to go back to city. U didn't think I would go back & be in ftu on a foot post somewhere did u? Lets just say that I wouldnt have been making a base po salary & would have unlimited Ot. Regardless, it didn't happen so it doesn't matter....Good luck being stuck at 34k. No deal in sight as per that last presidents email.
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regrets
Participating Member
Posts: 99
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Post by regrets on Nov 6, 2013 8:17:48 GMT -5
Rest in peace to another cop we lost here in Nassau. MV accident. Not sure if it was on or off duty. I will leave names off here out of respect for the family.
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Post by OTJrook on Nov 6, 2013 8:19:20 GMT -5
Regrets......its not a loophole, its just the way it is. Just read what overthecap posted and its right there in front of you straight from the NYS PFRS website. Its called TIER REINSTATEMENT.
Like I said before....any NYPD(hired prior to July 1 2009) that switches over to NCPD will be in a 20 year non-contributory tier 2 pension plan. It has NOTHING to do with weather or not this deal passes. It is a NYS PENSION ISSUE.
They will not pay into the pension, they will be kept in a 20 year retirement plan BUT they will have to pay 15% into the medical if the deal is passes b4 they are hired. Paying 15% into medical is a contractual agreement made by the union.
If they chose to take this job being frozen at 34k then that is their choice but they will not be put into an inferior pension plan.
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