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.
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.
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:
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.