N.Y. Comp. Codes R. & Regs. tit. 21 § 5014.1
Current through Register Vol. 46, No. 25, June 18, 2024
A member may elect at retirement, in lieu of the maximum benefit, one of the following options, as applicable:
Lump sum option
Declining reserve (tier 1 members only)
Annuity reserve (tier 1 and 2 members only)
Guarantee option
5-year
10-year
Alternative option (tier 1, 2, 4 and 5 members only)
Alternative option (tier 3 members only)
Survivor option
100%
75%
50%
25%
Pop-up option
100%
75% (tier 1, 2, 4 and 5 members only)
50%
25% (tier 1, 2, 4 and 5 members only)
Each option is defined in section 5014.2 of this Part.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 5014.1