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The OA Pension Plan has adopted the provisions of the Veteran's Equality Act. OA veteran's can now apply for up to three years of service credit.
Veteran's who retired between May 31, 2016 and July 27, 2016, you may also be eligible to purchase prior
Today, New York Governor Andrew Cuomo signed the Veteran’s Equality Act (Larkin/Paulin) into law. Now, all New York State military veterans – regardless of where they served – will be able to buy back three years of pension credit in public retirement systems.
Legislation passed in 2000 allowed such buy-backs only for service during certain conflicts like WW II, Korea, Vietnam and the Gulf War. Iraq was covered, yet Afghanistan, Kosovo, and certain other conflicts were not. And the legislation left out women veterans who were barred from combat zones.
He would like to thank Senator Marty Golden (R-Bay Ridge) and Assemblyman Peter Abbate (D-Dyker Heights) for their unwavering support of this important legislation.
Under the new bill veterans can now obtain pension credit for your military service provided that:
-You were honorably discharged from the military;
-You file for the pension while you are an active member of the pension system
-You have at least 5 or more years of public service credit
-The total military service, wartime and otherwise that you may purchase is 3 years