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This version of the form is not currently in use and is provided for reference only. Download this version of
Form RS5042
for the current year.
Form RS5042 Request to Purchase Service Credit (Including Any Military Service) - New York
What Is Form RS5042?
This is a legal form that was released by the Office of the New York State Comptroller - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form RS5042?A: Form RS5042 is a request form to purchase service credit, including any military service, in the state of New York.
Q: Who can use Form RS5042?A: Any New York state employee who wants to purchase service credit, including military service, can use Form RS5042.
Q: What is service credit?A: Service credit is the amount of time an individual has worked in a specific job or position that counts towards retirement benefits.
Q: Why would someone want to purchase service credit?A: Purchasing service credit can help individuals increase their total years of credited service, which can result in higher retirement benefits.
Q: What is included in the service credit that can be purchased?A: The service credit that can be purchased includes any military service and certain types of prior public service.
Q: How can someone obtain Form RS5042?A: Form RS5042 can be obtained from the state retirement system or the employer's human resources department.
Q: Are there any requirements for using Form RS5042?A: Yes, individuals must meet certain eligibility requirements and have the necessary documentation to support their request to purchase service credit.
Q: What should be done once Form RS5042 is completed?A: Once Form RS5042 is completed, it should be submitted to the state retirement system for review and processing.
Q: Is there a deadline for submitting Form RS5042?A: Yes, there is a deadline for submitting Form RS5042, and it is important to submit the form within the designated timeframe.
Q: Can the purchase of service credit be canceled or reversed?A: In most cases, the purchase of service credit cannot be canceled or reversed once it has been approved and processed.
Form Details:
- Released on August 1, 2017;
- The latest edition provided by the Office of the New York State Comptroller;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form RS5042 by clicking the link below or browse more documents and templates provided by the Office of the New York State Comptroller.
Download Form RS5042 Request to Purchase Service Credit (Including Any Military Service) - New York
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