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DiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… claims suggest that most of New York City’s job gains over the past decade have been lost due to the economic impacts of … collections are projected to fall next fiscal year for the first time since the Great Recession. “New York City has been the …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionMember & Retiree E-News Archive — 2024
… Coming Soon: Make Sure Your Contact Information is Up to Date Update Your Contact Information Schedule a Change of … September August 2024 Featured Story Retirement: Myths vs Facts Members Working for a Public Employer While …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024Opinion 92-24
… GENERAL CONSTRUCTION LAW, §60; PUBLIC OFFICERS LAW, §70-a; TOWN LAW, §64(11): A publication which does not satisfy the … threshold requirements of General Construction Law, §60 and Public Officers Law, §70-a, because it is mailed as third … miles from the town; or (2) any newspaper published in a city, town or village in an adjoining county and having a …
https://www.osc.ny.gov/legal-opinions/opinion-92-24Withdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
… Leave your contributions in your account and qualify for a retirement benefit when you are 55. To help you decide … choice. You can also contact our Call Center to request a benefit projection. To withdraw your membership, you should … My Membership.” You can also apply by mail by submitting a Withdrawal Application (RS5014) . Once you have ten or more …
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membershipHow the Program Works – Contribution Stabilization Program
… annual contribution according to its usual procedures. The CSP does not change these procedures or the method for … For purposes of the CSP, the normal annual contribution is the employer’s total invoice, excluding payments for group … Employers will see the maximum amount to amortize in their estimated invoice (available in Retirement Online …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksMandatory Service Credit Purchase Payments – Enhanced Reporting
… Service credit purchase (SCP) payments for mandatory member … made. If the member is in a contributory plan, they must purchase this service credit to avoid a reduction in their …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsOptional Service Credit Purchase Payments – Enhanced Reporting
… If members choose to purchase credit for additional previous public service, they have the option … deductions are taken. Rev. 11/23 … NYSLRS members may buy back past service If they buy it through payroll deductions …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/optional-service-credit-purchase-paymentsFrequently Asked Questions – World Trade Center Presumption
… What is a presumption? I assisted in the recovery and cleanup … Trade Center site. If I develop a qualifying condition, does this law provide any additional retirement benefit? I … What is a presumption? When we say “presumption,” we mean something is assumed in the absence of proof to the …
https://www.osc.ny.gov/retirement/publications/world-trade-center/frequently-asked-questionsEmployer Annual Invoice
… Role, we notify you when your invoice is available in Retirement Online . Payment of your annual invoice is due … prompts). (Return to Top) Rev. 11/24 … NYSLRS employers log on to our online programs to view their annual invoice in …
https://www.osc.ny.gov/retirement/employers/employer-annual-invoiceLoans: Applying and Repaying
… Retirement Online is the fastest and easiest way to apply for a loan with NYSLRS. You can see … are eligible to borrow, what the repayment amount would be and if your loan will be taxable. You can also find your current loan balance on any existing loans and manage your loan payments. Sign in to your Retirement …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repayingYour Membership Tier – Special 20- and 25-Year Plans
… When you join PFRS, you are assigned a tier based on your date of membership. You are in: If you … , or call us toll-free at 866-805-0990. There is no Tier 4 in PFRS. … Special 20 and 25Year Plan information for PFRS …
https://www.osc.ny.gov/retirement/publications/1517/your-membership-tierBorrowing Against Your Contributions – Article 14 Benefits
… If you meet eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should … (regular service or disability). These are examples of how your service retirement benefit will be permanently …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli: MTA Budget Continues to Face Serious Risks
… already faces risks. Unless the MTA can change the way it does business and reduce costs, for example, riders could be saddled with even … Transportation Authority’s Rising Debt Burden Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-mta-budget-continues-face-serious-risksDiNapoli Urges Department of Labor to Improve Investigations of Hours Worked by Nurses
… The state Department of Labor (DOL) does not investigate overtime complaints by nurses in a … of DOL making a decision about the complaint. DOL also does not have set time frames for investigating complaints. … Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-urges-department-labor-improve-investigations-hours-worked-nursesSearch Tips
… spaces, and punctuations may affect search result. OUF Code Search by the OUF Code if you received a letter from us. This will narrow …
https://www.osc.ny.gov/unclaimed-funds/claimants/search-tipsReporting Through Retirement Online – Legacy Reporting
… who are NYSLRS members. If you do not have a username and password, work with your Retirement Online contact and … Online for enrollment and reporting. If you need your password reset or have technical questions about using the system, you …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-through-retirement-onlineAlternate Contribution Stabilization Program
… (BOCES), as well as the four hospitals operated by public benefit corporations in Erie, Nassau and Westchester … the normal rate (not the graded rate) in fiscal year 2025 (for your bill that will be due in February 2025). Beginning with that invoice and going forward, you …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programGASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… grants entered into voluntarily). The purpose of this bulletin is to discuss the Statement No. 33 impact on revenue … report. If you require additional information or need technical assistance, please contact the regional office serving your …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsMilitary Service Credit
… cases buying military service credit will increase your pension. You can receive credit whether your military service … cases, buying military service credit will increase your pension, but there are exceptions. For example, certain … the 20 years. Most members can use our Benefit Projection Calculator to estimate their retirement benefit. Try …
https://www.osc.ny.gov/retirement/members/military-service-creditMore About This Retirement Plan – Special 20- and 25-Year Plans
… Tier 4 in PFRS.) These benefits are provided by Sections 384, 384-d and 384-e of the New York State Retirement and Social … Tier 2 3 Article 11 5 and 6 members under Sections 384 384d and 384e About This Publication …
https://www.osc.ny.gov/retirement/publications/1517/more-about-retirement-plan