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Taxes and Your Pension
… amount of federal income tax withheld from your monthly pension payment. Your 1099-R tax form shows the taxable amount of your pension and is provided annually for filing your taxes. … income tax. If you permanently moved to another state your pension may be subject to State or local income taxes. For …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionAnnual Statement
… Beginning with Statements for 2025, you will receive an Annual Benefit Statement (instead of a Retiree Annual Statement) if you are: A beneficiary receiving a … Order (DRO). Retirees will continue to receive a Retiree Annual Statement . If you receive more than one pension …
https://www.osc.ny.gov/retirement/retirees/annual-statementTransferring or Terminating Your Membership
… Tier Reinstatement Tier Reinstatement is a method of restoring a membership that has been terminated. For Tier … membership terminates when: You have less than five years of service credit and have not worked in covered public … for at least seven years; or You have less than ten years of service credit, leave public employment for at least 15 …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipYour Pension Pay Stub
… is available in Retirement Online and provides a breakdown of credits, deductions and federal taxes withheld from your … year, you can view your pay stubs for year-to-date totals of each. View Your Pension Pay Stub in Retirement Online … the top right). Click View Pension Check link. Select date of the pension payment to view. You’ll be able to see a list …
https://www.osc.ny.gov/retirement/retirees/your-pension-pay-stubCost-of-Living Adjustment
… by mail at the end of September. It will show the previous and new monthly amounts for your COLA, your net retirement … payment amount you receive after credits, deductions and taxes) and any other changes to your credits, deductions or taxes. … will permanently increase the retirement benefit retirees and beneficiaries receive from NYSLRS …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentRepaying Your NYSLRS Loan after Retirement
… System (ERS) retirees who retired with an outstanding loan to repay that loan and increase their pension. Retirees cannot take a new … System ERS retirees who retired with an outstanding loan to repay that loan and increase their pen …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirementDiNapoli: State Pension Fund Value $194.3 Billion
… March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the … on March 31 2020 reflecting a slight decrease as a result of the COVID19 pandemic …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionNYS Common Retirement Fund Announces First Quarter Results
… Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 was $209.2 billion, based … uncertain." The Fund's estimated value reflects benefits of $2.8 billion paid out during the first quarter. The Fund's audited value as of the March 31, 2018 end of fiscal year 2017-2018 was $207.4 …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsNew York State Comptroller DiNapoli Statement on U.S. Withdrawal From Paris Agreement
… "The Trump Administration’s decision today to formally begin withdrawing the United States from the Paris Agreement on climate change is a shameful move. "I was in Paris to … The Trump Administrations decision today to formally begin withdrawing the United States from …
https://www.osc.ny.gov/press/releases/2019/11/new-york-state-comptroller-dinapoli-statement-us-withdrawal-paris-agreementDiNapoli: State Pension Fund Value $178.1 Billion
… The Fund’s performance mirrored results in the broader markets during a volatile year. The Fund has an estimated value of $178.1 billion. “Despite weak equity markets, the Fund’s diversified portfolio and our investment … was consistent with the declines in U.S. and global equity markets. The Fund’s broader approach to fixed income markets …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionNY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk
… fund on addressing climate issues. "Climate change is one of the greatest threats to the long-term value of global investors and the Paris Agreement is our best hope …
https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-riskDiNapoli Statement on His Placement Agent Ban Becoming Law
… the previous administration's wrongdoing. It was clear to me that placement agents were corrosive and unnecessary," … manager without obtaining from such investment manager a certification in the form and manner prescribed by the Fund …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-statement-his-placement-agent-ban-becoming-lawDiNapoli: State Pension Fund Value $210.2 Billion
… than $1 billion in benefits payments a month. Employer contribution rates are determined by investment results over a multi-year …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli Releases Report on Pre-Pandemic Migration Trends
… out of the state than moving in, according to a new report by New York State Comptroller Thomas P. DiNapoli. The report is based on the most recent data available. The Comptroller’s Office … filers grew 2.2%, while heads of household declined by 4%. Single filers are the majority of both resident and …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-report-pre-pandemic-migration-trendsNYSLRS Announces Employer Contribution Rates for 2024-25
… Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System … Fiscal Year (SFY) 2024-25. Employers’ average contribution rates will increase from 13.1% to 15.2% of payroll for the … one of the strongest pension funds in the nation, and the rates announced today will help ensure that public workers …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25DiNapoli: Former Ulster County BOCES Criminal Justice Teacher Arrested for Defrauding the NYS Pension System Out of Over $157,000
… and the New York State Police today announced the arrest of former Ulster County BOCES instructor of Criminal Justice, Anthony Sciacca, a retired Westchester … New York State and Local Retirement System (NYSLRS) out of $157,341.78 in unlawful pension payments. “Sciacca …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-former-ulster-county-boces-criminal-justice-teacher-arrested-defrauding-nys-pension-systemNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… 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 made up of these two systems, which pay service and disability …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22DiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the Employees’ Retirement System (ERS) and from 27.0% to 27.8% of payroll for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two systems, which pay retirement and disability …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024DiNapoli 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 … the highest ethical standards. I have instituted a series of reforms over the last seven years at the New York State … New York City Comptroller Scott Stringer is coming out of the gate very strong and doing the right thing for New …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-praises-nyc-comptroller-stringers-city-pension-fund-reformsNYSLRS Announces Employer Contribution Rates for SFY 2026-27
… Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System … Fiscal Year (SFY) 2026-27. Employers’ average contribution rates will increase from 16.5% to 17.6% of payroll for the … markets along with benefit and salary changes will impact rates for SFY 2026-27,” DiNapoli said. “Our prudent …
https://www.osc.ny.gov/press/releases/2025/09/nyslrs-announces-employer-contribution-rates-sfy-2026-27