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Common Cents@Your Library and Smart Investing@Your Library: Pensions

Common Cents@Your Library is a financial literacy information resource program provided by the Saratoga Springs Public Library. This GUIDE supports this program and is made possible by a grant from the FINRA Investor Education Foundation and the ALA.


  • Vesting Schedule Information:   This Web page describes the various types of vesting schedules where workers obtain a legal right to their employer’s contributions to a retirement savings plan.
  • New York State and Local Retirement System:   This Web site provides information about the vesting requirements for the defined benefit pension plan for New York State employees.  Benefits for members in different pension plan tiers are explained.
  • Pension Benefit Guarantee Corporation (PBGC):    This Web site provides information about the federal government agency that guarantees certain benefits to eligible private sector workers whose employer’s defined benefit pension is not financially sound.