How Full-Time and Part-Time Service Credit Works

Service credit plays a vital part in your pension calculation and your eligibility for other NYSLRS benefits. As a NYSLRS member, you earn service credit by working for an employer who participates with the Retirement System. All your paid public employment is creditable. If you work full-time or part-time, you’re earning service credit, just at different rates.

Earning Service Credit When You Work Full-Time

Earning Service CreditWhen you work on a full-time, continuous basis, we’ll calculate your service credit from your date of employment up until the date you leave paid employment. For most full-time workers, you’d earn a year of service credit for working a total of 260 work days in a year. For a full-time 12-month employee, a total of 260 work days constitutes a full year. For our members who work for school districts, a full time 10-month academic year can be 180 work days. (If you work in an educational setting, we’ll cover more about that in a future blog post.) Also, you wouldn’t earn service credit during leaves of absence without pay or for any period of time you’re not receiving salary.

Earning Service Credit When You Work Part-Time

Your service credit is prorated if you work part-time. Part-time employment is credited as the lesser of:

the number of days worked ÷ 260 days

or

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

Or you can think of it like this: let’s say you only worked 130 days in a year. If a year’s worth of service credit is earned for working 260 days full-time, you’d earn half a year (0.5) of service credit for your part-time work.

Check Your Member Annual Statement

From May to July, we’ll send out this year’s Member Annual Statements. For most members, your statement will show how much service credit you’ve earned over the past fiscal year (April 1, 2015 – March 31, 2016). It will also show your total service credit as of March 31, 2016. Make sure to look it over to see how much service credit you’ve earned over your career.

For more detailed information about service credit, please refer to your specific retirement plan publication.

6 thoughts on “How Full-Time and Part-Time Service Credit Works

  1. Laurianne K Curley

    I would like to receive my annual statement, as I have moved from New York.

    **Comment edited by NYSLRS to remove personal information**

    Reply
    1. NYSLRS

      The Member Annual Statement mailing begins this month. Most members can expect to receive their statements by mid-July. Your statement will be mailed to the address we had on file for you as of March 31, 2016. If you moved after March 31 and have not yet notified us of your new address, please fill out and send us a Change of Address (RS5512) form so we can keep your file up-to-date.

      Reply
    1. NYSLRS

      Early age penalties are generally based on your age, not how much service credit you have.

      If you are a Tier 3 or 4 member who is trying to reach 30 years of service to retire before age 62, you cannot use your sick leave credit to qualify for the better retirement calculation.

      You may wish to email our customer service representatives using our secure email form at http://www.emailNYSLRS.com. You tell them when you are thinking of retiring and ask if there will be a penalty and they can review your account to answer your questions. Please allow 5 – 7 business days for a response.

      Reply
  2. kirsten ewing

    Is their a program that offers an employee who was part time for a period to buy back credit for full time service?

    Reply

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