Search
Your 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-tierRequired Documentation
… , you can attach the required documentation to your claim form. In some cases, we may send you a letter asking for … Organization) Corporate Seal affixed to a notarized claim form; Notarized statement from an appropriate officer or … your organization can claim on behalf of, such as IRS form 851, SEC form 10-K or Corporation Annual Report. Proof …
https://www.osc.ny.gov/unclaimed-funds/claimants/required-documentationOpinion 96-4
… period for general village purposes. This is in reply to your request for our opinion concerning the disposition of … of the sale, may authorize the establishment of a trust account at a financial institution authorized to serve as a … and State reserve fund requirements. … This is in reply to your request for our opinion concerning the disposition of …
https://www.osc.ny.gov/legal-opinions/opinion-96-4Reporting Through Retirement Online – Legacy Reporting
… Retirement Online allows you to securely report service and salary … have a username and password, work with your Retirement Online contact and security administrators to receive access. …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-through-retirement-onlineLoans: Applying and Repaying
… Retirement Online is the fastest and easiest way to apply for a loan with NYSLRS. You can see … a member of the Employees’ Retirement System (ERS) or the Police and Fire Retirement System (PFRS); Have the required minimum …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repayingDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… in 2021 to $17 billion (a 49 percent drop). According to NYC & Company, the city’s tourism agency, tourism is projected to …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefEmployer Annual Invoice
… amortizations (oldest to newest) and any remaining funds are deposited into your Reserve Fund, which earns … wire transfer or paper check. Paying by ACH is: Fast. Your funds are transferred electronically. Easy. Your payment … transfers are both secure, electronic ways to transfer funds and more reliable than mailing a check. However, …
https://www.osc.ny.gov/retirement/employers/employer-annual-invoiceMore About This Retirement Plan – Special 20- and 25-Year Plans
… retirement plan summary describes the benefits available to Tier 2, 3 (Article 11), 5 and 6 members of the Police and … adopted and you have elected one of these special plans. NYSLRS is required to compare the employer’s special plan cost to the cost of …
https://www.osc.ny.gov/retirement/publications/1517/more-about-retirement-planMandatory Service Credit Purchase Payments – Enhanced Reporting
… Service credit purchase (SCP) payments for mandatory member … owes mandatory member contributions, you will receive a notification letting you know that their service credit purchase (SCP) deduction has changed. The notification will provide a link to the Loan/SCP Deduction …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsOptional Service Credit Purchase Payments – Enhanced Reporting
… has changed. The notification will provide a link to the Loan/SCP Deductions page in Retirement Online , which will … or after taxes. The page also provides their remaining balance once there are six or fewer outstanding payments left. To access the Loan/SCP Deductions page and view SCP deductions for your …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/optional-service-credit-purchase-paymentsBorrowing Against Your Contributions – Article 14 Benefits
… 75 percent of your contributions. Each loan must be for a minimum of $1,000, so you must have an account balance of at … balance when you retire will permanently reduce your pension. You cannot pay off your loan once you retire. The … at retirement, and type of retirement (regular service or disability). These are examples of how your service …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli Urges Department of Labor to Improve Investigations of Hours Worked by Nurses
… The state Department of Labor (DOL) does not investigate overtime complaints by … and employers are complying with the law. The Department of Labor needs to do a better job investigating complaints … working overtime to keep patients safe." For the period of Jan. 1, 2015 to June 30, 2017, auditors examined whether …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-urges-department-labor-improve-investigations-hours-worked-nursesHow the Program Works – Contribution Stabilization Program
… determines an employer’s annual contribution according to its usual procedures. The CSP does not change these … Employers will see the maximum amount to amortize in their estimated invoice (available in Retirement Online … to pay a graded payment during the next fiscal year. To view reserve account fund balances: Sign in to your …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksDiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… Recent unemployment claims suggest that most of New York City’s job gains over the past decade have been lost due … in 2020, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Tax collections are …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionAlternate Contribution Stabilization Program
… submitted by: Email as an attachment to NYSLRS_Billing@osc.ny.gov ; or Mail to: NYSLRS Employer Billing Unit 110 State St Albany, NY 12244-0001 Your withdrawal from the program is subject to …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programContributing Toward Your Retirement – Article 14 Benefits
… retirement, whichever is earlier. If you are employed by more than one participating employer, once you join the … for federal income tax; Reported as wages for New York State and local income taxes; Reported as wages for Social … System, and used in the calculation of all benefits paid by the Retirement System; and Calculated on your full gross …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementEnrolling Members – Membership and Enrollment
… Using Retirement Online Enrolling a member through Retirement Online allows you to immediately view important … and contribution rate, so deductions can begin on time. Sign in to Retirement Online . From your Account Homepage, …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/enrolling-membersMilitary Service Credit
… credit toward your retirement benefit for your military service. Because service credit is a factor in calculating a NYSLRS retirement benefit, in most cases buying military service credit will increase your pension. You can receive …
https://www.osc.ny.gov/retirement/members/military-service-creditGASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… No. 33 provides accounting and reporting guidelines for nonexchange transactions. A nonexchange transaction is … of nonexchange transaction: Derived tax revenues (for example income tax or sales tax). Imposed nonexchange revenues (for example real property taxes. Government-mandated …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactions