Defined benefit pension plans, including your NYSLRS plan, are calculated based on a preset formula and provide a specified payment amount at retirement. Compare the best ERISA lawyers near Queens, NY today.Use our free directory to instantly connect with verified ERISA attorneys. Shorter vesting period. Defined benefit plans provide a fixed, pre-established benefit for employees at retirement. This new retirement-benefit option is known as the Voluntary Defined Contribution (VDC) program. You should fill out an Enrollment Form and send it to the 1199SEIU Benefit and Pension Funds. A participant is eligible for service retirement at the earlier of completing 20 years of credited Police service or attainment of age 62. Consider using Retirement Online to estimate your pension benefit and to apply for a service retirement. Access the Prudential Retirement® Online.