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Opinion 92-1
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- Retained Percentages … (collection of interest on securities deposited in lieu of); (mandatory nature of withdrawal provisions); … of appropriate securities); (submission of securities in excess of amount to be withdrawn); (substitution of …
https://www.osc.ny.gov/legal-opinions/opinion-92-1Transferring or Terminating Your Membership
… that is covered by the other retirement system; You are on the payroll in a job that is covered by NYSLRS; and You … to the date of your transfer request. For example: On December 1, 2009, you began employment with a New York … New York City Employees’ Retirement System (NYCERS). Based on your date of membership, you were in Tier 4. In May 2012, …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipParticipation in the Program – Contribution Stabilization Program
… by: Email as an attachment to [email protected] ; or Mail to: NYSLRS Employer … you may choose to amortize amounts on either, both or neither invoice. ERS and PFRS invoices are treated … authorized person from your organization — either the CEO or CFO, or a person designated by them — will need to …
https://www.osc.ny.gov/retirement/employers/csp/participation-programAlternate Contribution Stabilization Program
… program limits the increases or decreases in contribution rates from year to year. This means employers may be able to … total invoice, excluding payments for group term life insurance, deficiencies, previous amortizations, incentive …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programRetirement System Membership – Special 20- and 25-Year Plans
… who joined before July 1, 2009, and members who joined from January 9, 2010, through December 31, 2014: You are … has adopted it. Withdrawing from a Special Plan You may withdraw your election to participate in a special plan after … or later, and you are covered by Section 384-d, you may withdraw at any time. However, if you wish to elect a …
https://www.osc.ny.gov/retirement/publications/1517/retirement-system-membershipStart Saving for Retirement
… make a huge difference when that day finally arrives. Your Savings: An Important Part of Your Post-Retirement Income Not sure how much you’ll need to … working together to provide financial stability when your working days are over. The first income source is your …
https://www.osc.ny.gov/retirement/members/saving-for-retirementMandatory Membership – Membership and Enrollment
… Mandatory members are required to join NYSLRS. Beginning July 27, 1976, membership is … permanent appointment. Employees who are eligible to join PFRS (both full-time and part time police officers … and 2 were required. Before April 1, 1967, the member had to earn at least $1,000. On or after April 1, 1967, the …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/mandatory-membershipState Agencies Bulletin No. 1527
… in service for TIAA members (Plan Type 7Z) that appear on the weekly NBEN742A Control-D report - TIAA/CREF Employees … TIAA ORP participants with a break in service appear on the weekly Control-D NBEN742A report. Active TIAA VDC participants with a break in service appear on the weekly Control-D NBEN742B report. Background A break …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1527-calculating-correct-projected-366-day-completion-date-andor-projected-7Withdrawing Your Contributions and/or Your Membership – State Police Plan
State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Withdrawing Your Contributions andor Your Membership
https://www.osc.ny.gov/retirement/publications/1518/withdrawing-your-contributions-andor-your-membershipState Agencies Bulletin No. 1665
… service for ORP and VDC members (Plan Type 7Z) who appear on the weekly NBEN742A Control-D report - TIAA/CREF Employees … Active ORP participants with a break in service who appear on the weekly Control-D NBEN742A report Active VDC participants with a break in service who appear on the weekly Control-D NBEN742B report Background A break in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1665-calculating-breaks-service-orp-participants-apprear-control-d-nben742West Ghent Volunteer Fire Company – Treasurer’s Activities (2016M-48)
… Purpose of Audit The purpose of our audit was to evaluate controls over the Treasurer’s activities for the … accounts. The Board did not establish a credit card policy to describe proper credit card usage, dollar limits for purchases or documentation required to be maintained to support credit card purchases. The …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2017/11/03/west-ghent-volunteer-fire-company-treasurers-activities-2016mTips to Help You Keep Your Money
Learn how to keep your financial accounts and records in order
https://www.osc.ny.gov/unclaimed-funds/claimants/tips-help-you-keep-your-moneySUNY Bulletin No. SU-355
… designated Management or Confidential in SUNY (Bargaining Unit 13) who meet the eligibility criteria and are selected … eligible for the April 2024 Salary Increase: Bargaining Unit 13 Salary Grade 980 Comp Rate Code ANN, CAL, CYF, BIW, … the payment, agencies are required to complete a roster identifying eligible employees who will receive an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-355-2024-salary-increase-state-university-new-york-sunyRefunds – Divorce and Your Benefits
… to a refund of contributions due to tier reinstatement , withdrawal of membership , transfer of membership or withdrawal of excess member contributions . If there is …
https://www.osc.ny.gov/retirement/members/divorce/refundsOpinion 88-58
… FUNDS -- Capital Reserve Funds (referendum requirements for fund established for type of improvement) STREETS AND HIGHWAYS -- Highway … §142(5); GENERAL MUNICIPAL LAW, §6-c(8): An expenditure for the construction of a highway garage made from a capital … Whether a referendum is required for a town to expend $40000 from a capital reserve fund for …
https://www.osc.ny.gov/legal-opinions/opinion-88-58Withdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
Special 20 and 25Year Plan for PFRS Tiers 2 3 Article 11 5 and 6 under Sections 384 384d and 384e Withdrawing Your ContributionsMembership
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membershipOpinion 90-56
… LAW, §92(1); NY CONST, art VIII, §1; 38 USC §2024(d): A school district, by resolution, may provide prospectively for full or partially paid leaves of absence to school district employees engaged in the performance of … Constitution against gifts and loans of public moneys, a school district may elect to provide its employees who are …
https://www.osc.ny.gov/legal-opinions/opinion-90-56Request for Withdrawal from Section 384 (PF5094)
For NYSLRS PFRS members to withdraw their election to contribute under the provisions of Section 384 of the Retirement and Social Security Law, permitting retirement after 25 years of allowable police or fire service.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5094.pdfState Agencies Bulletin No. 1257
… This has resulted in changes, including new fields and re-organized pages, which users should become familiar … search. These search results are only viewable during the current PayServ session. Limit The Number Of Results To : … is now called Comp Rate . On Position Summary > Work Location the Job Code column now displays the six digit Job …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1257-payroll-system-upgrade-changes-payserv-91Property Tax Cap How to Calculate Retirement Exclusions
Learn How to Calculate Retirement Exclusions From Example
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/exclusion_example.pdf