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Loans: Applying and Repaying
… Retirement Online is the fastest and easiest way to apply for a loan with NYSLRS. … payments for each of your loans are added together for one total minimum payment. This combined minimum payment amount … and select “Manage my Loans.” Then, you can: Check your payoff balance; Make a one-time payment; Review your payment …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repayingTaxes and Your Pension
… Most NYSLRS pensions are subject to federal income tax. Your federal tax withholding is the amount of federal … Tax information about federal withholdings and 1099R tax …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionRetiree Annual Statement
… calendar year, including the total amount you received and a breakdown of credits, deductions and taxes. It also gives you an explanation of the pension … button. If Retirement System is blank, click Look Up icon and select ERS or PFRS from dialog box. Click Look Up icon …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2023
… details the differences among the 50 states with respect to what is paid in federal taxes and how much is received in … actions may be taken to reduce grants to state and local governments, limit aid to individuals, and decrease … Program State-by-State Tables and Table 25-1. Budget Authority and Outlays by Function, Category, and Program . …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2023State Agencies Bulletin No. 1275
… and 618 PAF Arrears Before Tax (PAF ARBTX) established for members of the New York State Police and Fireman … made by Tier 3, 5 and 6 PFRS members will be tax deferred for Federal income tax purposes under Internal Revenue Code … Arrears Before Tax (PAF ARBTX). The narrative description for the following Retirement Benefit Programs have been …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1275-new-deduction-code-616-paf-retirement-tax-paf-btx-and-new-deductionDiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… Tax Code." The framework proposes to consolidate the number of tax brackets, but doesn't specify the income levels at … potential revisions to the tax code would consolidate the current standard deduction and personal exemptions into a …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDeduction Codes – Payroll Manual
… Deduction Codes …
https://www.osc.ny.gov/state-agencies/payroll/payroll-manual/deduction-codesBorrowing Against Your Contributions – State Police Plan
… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 2 Members The following rules apply … are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum … , you add the new loan amount to your existing balance and refinance the entire amount as one new loan. The minimum …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0DiNapoli: Loss of Federal Deductions in Trump Tax Plan Could Hurt New York's Middle Class Taxpayers
… Major changes to the federal tax code being considered by the President and … including the elimination of the more than $67 billion in state and local tax deductions reported by New Yorkers on their federal taxes, according to a report released today by State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-loss-federal-deductions-trump-tax-plan-could-hurt-new-yorks-middle-class-taxpayersDiNapoli: Recently Enacted Federal Tax Provisions Disproportionately Benefit Those With Higher Incomes
… enacted changes will reduce federal revenues by more than $5.1 trillion over the next ten years, which may adversely … interest on new car loans are in effect only for tax years 2025 to 2028, and limited to taxpayers with Social Security numbers. These deductions target a small portion of the …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-recently-enacted-federal-tax-provisions-disproportionately-benefit-those-higher-incomesBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… you can take a loan from NYSLRS. If you aren’t required to contribute (determined by your tier and retirement plan), … are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum … fastest, most convenient way to apply for a loan. You can see how much you are eligible to borrow, what the repayment …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsNew York State Comptroller Thomas P. DiNapoli Statement on Executive Budget Proposal
… unprecedented issues facing New York state over the coming year, including multiple threats to the state’s … statutory debt capacity are also growing concerns. "In the coming weeks, my office will thoroughly review the Executive … unprecedented issues facing New York state over the coming year including multiple threats to the states …
https://www.osc.ny.gov/press/releases/2018/01/new-york-state-comptroller-thomas-p-dinapoli-statement-executive-budget-proposalMandatory Service Credit Purchase Payments – Enhanced Reporting
… Service credit purchase (SCP) payments for mandatory member contributions … made. If the member is in a contributory plan, they must purchase this service credit to avoid a reduction in their … a notification letting you know that their service credit purchase (SCP) deduction has changed. The notification will …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsState Agencies Bulletin No. 1657
… (OSC) strongly urge all employees to complete a “paycheck checkup” to verify they are having the right amount … of tax withheld from their paychecks. The IRS Withholding Calculator or other withholding calculators can help … the impact of the change, and encourage employees to do a “paycheck checkup” using the IRS or other withholding …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1657-federal-withholding-change-tax-year-2018Message from the Comptroller – 2022 Financial Condition Report
… As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the … ended the State Fiscal Year (SFY) 2021-22 budget on stable ground. Historic federal financial assistance and improved … As State policymakers responded to the challenges of the COVID19 pandemic and accompanying …
https://www.osc.ny.gov/reports/finance/2022-fcr/message-comptrollerDiNapoli Op-Ed in Crain's New York Business
… Crain’s New York Business published an op-ed from New York State Comptroller Thomas P. DiNapoli today on the … of federal relief funds. The full op-ed is below: What Are New Yorkers Getting From Federal Covid Relief Funds? The new … Crains New York Business published an oped from New York State …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessState Comptroller Thomas P. DiNapoli Statement on New State Budget
… offer relief to New Yorkers and small businesses who need it, including workers who have been excluded from … day funds and to reduce projected out-year gaps. Long-term alignment of recurring revenues with recurring spending is …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-state-budgetIntroduction – Federal Funding and New York
… “New Yorkers rely on federal funding for everything from paving the highways they drive on to work to bolstering the schools their children attend to helping to put food on their tables. Understanding how New Yorkers are impacted … relationship This online resource focuses on federal funding and how it supports services in the State …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/introductionState Agencies Bulletin No. 1799.1
… of changes in certain garnishment deduction amounts, or in some instances, garnishments no longer being taken for employees due to new minimum wage rates affecting … Employees Employees who have a writ of garnishment or New York State tax levy are affected. Background The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/17991-update-general-deduction-rules-writs-garnishments-and-new-york-stateState Comptroller Thomas P. DiNapoli Statement on Gov. Hochul's State of the State Address
… "Kathy Hochul took over as governor at a time of great challenge in New York state and immediately … competence and more collaborative style. Her State of the State message today continued her thoughtful, … rate continues to fall and the state, with the addition of important federal funding, has a relatively strong fiscal …
https://www.osc.ny.gov/press/releases/2022/01/state-comptroller-thomas-p-dinapoli-statement-gov-hochuls-state-state-address