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Contribution Rates – Employer Contributions and Rates
Contribution rates used to calculate annual employer contributions are actuarially determined based on the cost of benefits compared to the Funds assets
https://www.osc.ny.gov/retirement/employers/contributions/contribution-ratesState Agencies Bulletin No. 1314
… systems actions and agency responsibility regarding Tier 6 contribution rates. Affected Employees Employees enrolled in Tier 6 in the following Retirement Systems: New York State … systems actions and agency responsibility regarding Tier 6 contribution rates …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1314-tier-6-retirement-contribution-rate-changesState Agencies Bulletin No. 1238
… Retirement Systems: Employees Retirement System (7Y) Police and Fire Retirement System (7W) New York City Teachers … System (7T) Effective Date(s) Paycheck dated April 4, 2013 for Institution cycle and April 10, 2013 for Administration … system will be processed to update employee payroll records. CUNY agencies will receive certification letters …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1238-tier-6-retirement-contribution-rate-changesMember Contributions
… toward their retirement. Whether a member contributes, and how much, depends on their tier . However, exceptions may … the Police and Fire Retirement System PFRS contribute and how much depends on their retirement system and tier …
https://www.osc.ny.gov/retirement/employers/member-contributionsOvertime Temporarily Excluded from Tier 6 Contribution Rates
… after April 2022: Action was required by January 31 to provide earnings breakdowns . Non-compliant employers must … enhanced reporting since April 2022: Action was required to update contribution rates for SFY 2024-25 . All … are owed a refund of contributions. We will work with you to refund contribution overpayments in the next few months. …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesProjected Invoice
… year’s annual invoice, which you will receive in November 2026. If you have the Billing Security Role, we notify you … during State Fiscal Year April 1, 2025 – March 31, 2026 (SFY 2025-26). You will receive your estimated invoice in July 2026 followed by your final annual invoice in November 2026. …
https://www.osc.ny.gov/retirement/employers/projected-invoiceState Agencies Bulletin No. 1313
… actions taken for current enrollees with an election date greater than 3/31/12 and agency responsibility regarding new … $100,000 6% Enrollees with an election date of 4/1/12 or greater will continue their employee contributions even after … Agency Actions For new enrollees with an election date greater than 4/1/14, it is the agencies responsibility to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1313-tier-6-tiaa-retirement-contribution-rate-changesState Agencies Bulletin No. 1243
… Affected Employees Employees with a Retirement Plan Type of 7Z (TIAA/CREF) with an election date of 4/1/12 or later Effective Date(s) Payroll checks dated … More than $100,000 6% Enrollees with an election date of 4/1/12 or greater will continue their employee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1243-tier-6-tiaa-retirement-contribution-rate-changesState Agencies Bulletin No. 1255
… Salary multiplied by percentage if applicable. Example: 50 % employee with the annual salary of $75,000.00 $75,000.00 *50% $37,500.00 Contribution percentage rate would be 3%. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1255-new-york-state-teachers-retirement-system-nystrs-tier-6-contributionMember Contributions
… Most members are required to contribute a percentage of their earnings toward their retirement. … annualized wage by using your part-time rate to determine what your annual wage would be if you worked full-time. Once … plus interest. Withdrawing your voluntary contributions does not terminate your NYSLRS membership. If you transfer …
https://www.osc.ny.gov/retirement/members/member-contributionsContributions – Special 20- and 25-Year Plans
… 7.25% 5.75% Over $100,000 7.50% 6.00% Federal Tax Treatment of Contributions for Tier 5 Members The additional … be 5% 3% will be pre-tax 2% will be after-tax Federal Tax treatment of Contributions for Tier 6 Members If your date of …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/contributionsState Agencies Bulletin No. 1886
… Plan are as follows: 1. Open the Retirement Plans page. (Home>Benefits>Enroll In Benefits>Retirement Plans). 2. Enter …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1886-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcSUNY Bulletin No. SU-244
… Tier 6 employee’s Retirement Plan page due to the two-year look back Affected Employees Tier 6 SUNY employees with a … Benefit Plan based on the agency’s review of the “two-year look back” salary. If updates are needed they should be … transaction. Questions Questions regarding the two-year look back should be addressed to Dave Morrell at SUNY (518) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-244-two-year-look-back-tier-6-suny-tiaa-optional-retirementSUNY Bulletin No. SU-255
… Tier 6 employee’s Retirement Plan page due to the two-year look back Affected Employees Tier 6 SUNY employees with a … Benefit Plan based on the agency’s review of the “two-year look back” salary. If updates are needed, they should be … transaction. Questions Questions regarding the two-year look back should be addressed to Dave Morrell at SUNY (518) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-255-two-year-look-back-tier-6-suny-tiaa-optional-retirementState Agencies Bulletin No. 2186
… Tier 6 employees’ Savings Plans pages due to the two-year look back. Affected Employees: Tier 6 SUNY ORP and VDC … Coordinator record keeper to calculate the 2024 two-year look back contribution rates.* *The Multi-Vendor … “ORP/VDC Savings Plans page updated for 2024 Two Year Look-Back.” Questions: Questions regarding the two-year look …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2186-2024-two-year-look-back-tier-6-suny-optional-retirement-plan-orp-andCUNY Bulletin No. CU-691
… this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 CUNY employees who are … Plan based on the agency’s review of the “two-year look back” salary. Public query CUNY_TIER6_2YR_NEW will provide …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-691-two-year-look-back-tier-6-cuny-optional-retirement-plan-orpState Agencies Bulletin No. 2303
… by legislation. Once a Tier 6 member has reached three (3) calendar years of membership, an employee’s contribution rate … pensionable salary from the earlier of the two prior calendar years. * * Total salary should include ORP/VDC … effective in Administration paychecks dated January 29, 2025 and Institution paychecks dated February 6, 2025. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2303-2025-two-year-look-back-tier-6-suny-optional-retirement-plan-orp-andSUNY Bulletin No. SU-299
… The query will prompt for: Calendar Year – Enter 2019 Coverage Elect Date (Greater than) – Enter 3/31/2012 Coverage Elect Date (Less than) – Enter 1/2/2018 SUNY System … Record (if multiple records exist). Insert a row in the Coverage section and enter the payroll period begin date in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-299-two-year-look-back-tier-6-suny-optional-retirement-planSUNY Bulletin No. SU-289
… this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 New York State Education … Plan based on the agency’s review of the “two-year look back” salary. Public query TWO_YEAR_LOOKBACK_SUNY_ORP will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planSUNY Bulletin No. SU-274
… Purpose To provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the … To provide agencies with instructions on how to update a Tier 6 employees Retirement Plan page due to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-274-two-year-look-back-tier-6-suny-optional-retirement-plan