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Taxes and Your Pension
… NYSLRS pension and is provided annually for filing your taxes. NYSLRS pensions are not subject to New York State or local income tax. If you permanently moved to … you inform us otherwise. The amount withheld is based on the information you provide to us on a W-4P Form …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionTransferring or Terminating Your Membership
… worked in covered public service for at least seven years; or You have less than ten years of service credit, leave … voluntarily withdraw your membership and contributions; or You transfer your membership to another public retirement … an earlier tier of membership does not always result in a better benefit. Please review your options carefully before …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipRepaying Your NYSLRS Loan after Retirement
… System (ERS) retirees who retired with an outstanding loan to repay that loan and increase their pension. Retirees … information about taking a NYSLRS loan. How Much Do I Need to pay? If you retired with an outstanding loan, your pension … go toward repaying your outstanding loan balance. In order to pay back your loans, you must pay the full balance of the …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirementDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionRetiree Annual Statement
… State Department of Civil Service . If you retired from a county, city, town, village or school district, contact your …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementNYS Common Retirement Fund Announces First Quarter Results
… in publicly traded domestic equities and 16.1 percent in international public equities. The remaining Fund assets by … (8.3 percent), real estate (7.0 percent), absolute return strategies (2.7 percent) and opportunistic alternatives and …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli Releases Report on Pre-Pandemic Migration Trends
… filers, 3.1% compared to 13.6%, resulting, in part, from the greater number of part-year filers moving out of the … Married filers left New York at twice the rate (0.66%) of all filers, with married filers making between $100,000 and … filers, 87% of which were full-time residents taxed on all income received and responsible for 83% of 2019 PIT …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-report-pre-pandemic-migration-trendsNew York State Comptroller DiNapoli Statement on U.S. Withdrawal From Paris Agreement
… "The Trump Administration’s decision today to formally begin … States from the Paris Agreement on climate change is a shameful move. "I was in Paris to support the development of the Paris Agreement and saw firsthand the commitment and …
https://www.osc.ny.gov/press/releases/2019/11/new-york-state-comptroller-dinapoli-statement-us-withdrawal-paris-agreementNY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk
… New York State Comptroller Thomas P. DiNapoli released the … today after the Asset Owners Disclosure Project named the New York State Common Retirement Fund as the number one U.S. … protect the retirement security of more than one million New Yorkers from climate risk has been recognized and …
https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-riskNYSLRS Announces Employer Contribution Rates for 2024-25
… New York State Comptroller Thomas P. DiNapoli today announced employer … combinations. Last fiscal year, $15.5 billion were paid out in benefits. “Our state’s pension fund remains one of the … Employer rates for NYSLRS are determined based on investment performance and actuarial assumptions …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25DiNapoli Statement on His Placement Agent Ban Becoming Law
… statement after Gov. Cuomo signed DiNapoli's legislation to prohibit the use of placement agents or intermediaries by … the previous administration's wrongdoing. It was clear to me that placement agents were corrosive and unnecessary," DiNapoli said. "In April 2009, I banned placement agents, paid intermediaries …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-statement-his-placement-agent-ban-becoming-lawNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… (NYSLRS) today announced employer contribution rates for the State Fiscal Year 2021-22 will increase from 14.6 percent to 16.2 percent of payroll for the Employees’ Retirement System (ERS) and from 24.4 percent to 28.3 percent of payroll for the Police and Fire Retirement System (PFRS). NYSLRS is …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22DiNapoli: Former Ulster County BOCES Criminal Justice Teacher Arrested for Defrauding the NYS Pension System Out of Over $157,000
… Attorney Clegg and the State Police for partnering with my office in our work to protect the resources of the New …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-former-ulster-county-boces-criminal-justice-teacher-arrested-defrauding-nys-pension-systemDiNapoli: State Pension Fund Value $178.1 Billion
… Fund (Fund) earned a 0.19 percent return on investments in the state fiscal year that ended on March 31, 2016. The … team is focused on ensuring we remain one of the best funded and top performing plans in the country.” Over … 4.00 and 13.14 percent, respectively. Absolute return strategies were challenged during the year and a portfolio …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionCost-of-Living Adjustment
… COLA Increase The September 2024 COLA is 1.8 percent, for a maximum annual increase of $324, or $27 per month … COLA amount, which represents the total accumulated amount for all the COLA increases you’ve received since you became eligible. Your …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS). … Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the Employees’ Retirement System (ERS) and from … this year by the Legislature and Governor. The assumed rate of return will remain at the same rate as the prior year …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024DiNapoli: State Pension Fund Value $210.2 Billion
… March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionComptroller DiNapoli & A.G. Schneiderman Announce Arrest of Brooklyn Man for Allegedly Pocketing over $23K in Deceased Mother's Pension Benefits
… State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman announced today the unsealing of a one-count indictment charging Jimmie Buie, a resident of … have stolen over $23,000 in pension benefits issued by the New York State and Local Employees Retirement System to his …
https://www.osc.ny.gov/press/releases/2017/03/comptroller-dinapoli-ag-schneiderman-announce-arrest-brooklyn-man-allegedly-pocketing-over-23kNYS Common Retirement Fund Reports Second Quarter Results
… estate and real assets (7.6 percent) and absolute return strategies and opportunistic alternatives (4.0 percent). …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli Praises NYC Comptroller Stringer's City Pension Fund Reforms
… New York City Comptroller Scott Stringer is coming out of the gate very strong and doing the right thing for New York City's public pension funds. His multi-faceted plan to protect the city's public …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-praises-nyc-comptroller-stringers-city-pension-fund-reforms