New York City Police Pension Fund
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Tier 3 - Retirement

When a member decides to retire, there is no statutory minimum time period by which the member must file before retiring. However, it is recommended that applicants for Service Retirement call the Retirement Counseling Unit at the New York City Police Pension Fund (the Fund) at 212-693-5733 for an appointment three to four weeks before filing for retirement.

Filing for retirement should be done in person at least 10 days prior to the start of terminal leave.  Patrol Guide Procedure 205-42 authorizes members to take an administrative tour to appear at the Fund to file for retirement.

Pension checks are mailed to the home address on file with the Fund unless a member requests otherwise. Members may have pension payments directly deposited to any bank upon the submission of an Electronic Funds Transfer (EFT) Form. Change of address forms and EFT forms are available HERE.

It is the member’s responsibility to keep address information current with the Fund, even after retirement.

Application Withdrawal
A member being processed for Vested or Service Retirement may withdraw the retirement application while it is still pending. To do so, the member must appear at the Fund in person at least one business day prior to the scheduled retirement date. Any terminal or annual leave used prior to withdrawal of the retirement application may not be restored; however, unused terminal leave may be used toward a future retirement. A member must work 30 days after withdrawing an application for retirement to be eligible for annual leave in the next calendar year.

Final Average Salary
Final average salary (FAS) is the average wages earned by a member during any 3 consecutive calendar years or 36 months immediately preceding the member’s retirement date that provides the highest average wage. Wages include base salary, overtime, night differential, holiday pay, portal to portal and worked vacation.  If the wages earned during any year included in the period exceeds the average of the prior two years by more than 10%, the amount in excess of 10% shall be excluded.

Social Security Offset
A member’s retirement allowance is reduced by 50% of the member’s primary Social Security retirement or Social Security disability benefit depending on the type of benefit received. The SS offset is determined at the time of the member’s retirement and is based on all public earnings, but the offset does not take effect until the member attains age 62, or begins receiving Social Security Disability benefits, whichever comes first. The pension benefit will not be further reduced if the Social Security benefit increases after separation from NYPD service.