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How Contribution Rates Are Determined – What Every Employer Should Know
… pay benefits as they become due using demographic (rates of employee mortality, disability, turnover and retirement) … all current and future benefits (actuarial liabilities). Some of the factors used to determine the value of future … salary and service amounts Probabilities of disability, withdrawal and retirement Life expectancies Inflation for …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedCUNY Bulletin No. CU-691
… Retirement Plans page. The charts found in the Background section of this bulletin should be used to determine if the … (if multiple records exist). Insert a row in the Coverage section and enter the payroll period begin date in the … earnings. (Use the charts provided in the Background section to determine the new Benefit Plan.) Save the …
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-orpSUNY 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 Department and SUNY employees who are members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planReceiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Police and Fire Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1512/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – En-Con Police Officers Plan
… choose from several options, all of which will provide you with a monthly benefit for life. For example, you may elect … payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to receive a … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1822/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Non-Contributory Plan with Guaranteed Benefits
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1513/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Basic Plan with Increased-Take-Home-Pay (ITHP)
… selected Cash Refund — Contributions (Option ½), with your estate named as beneficiary. … Basic Plan ITHP for PFRS Tier …
https://www.osc.ny.gov/retirement/publications/1511/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Career Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1642/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – New Career Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to … to 30 days after your pension benefit becomes payable to change your selection. If you are a disability retiree, you …
https://www.osc.ny.gov/retirement/publications/1515/receiving-your-benefit-and-filing-your-option-electionState Agencies Bulletin No. 1793
… a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees New York State employees … are members of the VDC are affected. Background On March 16, 2012, the Governor signed legislation creating Tier 6. … the Benefit Plan based on the agency’s review of the “two-year look back” salary. The public query, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1793-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcGlobal Investor Coalition Calls on Exxon to Prepare for a Lower Carbon Future
… New York State Common Retirement Fund is the third largest public pension fund in the United States, with $184.5 billion … beneficiaries. The Fund has a diversified portfolio of public and private equities, fixed income, real estate and …
https://www.osc.ny.gov/press/releases/2016/01/global-investor-coalition-calls-exxon-prepare-lower-carbon-futureDiNapoli: Energy Companies Agree to Report on Impact of Paris Agreement Goals
… carbon future. As a result, the New York State Common Retirement Fund (Fund) has withdrawn the shareholder requests … resolutions called on the companies to assess the impact of regulatory and technological efforts to mitigate climate … average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit temperature increases to …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-energy-companies-agree-report-impact-paris-agreement-goalsMember & Retiree E-News Archive — 2024
… sure you receive the latest Retirement System member and retiree news. December 2024 Members Now Scheduling … 2024 Featured Story Retirement: Myths vs Facts Members Working for a Public Employer While Receiving a NYSLRS … Members PFRS Milestones ERS Milestones Retirees Working After Retirement: Retiree Earnings Limit Power of Attorney …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024Preparing for Retirement
… payment may be adjusted after we receive and process final payroll information, such as eligible lump sum payments or …
https://www.osc.ny.gov/retirement/members/preparing-retirementOperational Advisory No. 27
… Confirmation Reference: Guide to Financial Operations (GFO), Chapter XIV, Section 2 - Obligation, Accounting and … Date, as defined in the Guide to Financial Operations (GFO), Chapter XIV, Section 2 - Obligation, Accounting and … For additional information, agencies can refer to the GFO, Chapter XIV, Section 2 - Obligation, Accounting and …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/27-accounting-date-policy-change-confirmationReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… pension payment options, all of which will provide you with a monthly benefit for life. For example, you may elect … payable during your lifetime, with nothing payable to a beneficiary upon your death. Or you may choose a lower … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionReceiving Your Benefit and Filing Your Pension Payment Option Election – Special 20- and 25-Year Plans
… pension payment options, all of which will provide you with a monthly benefit for life. For example, you may elect … payable during your lifetime, with nothing payable to a beneficiary upon your death. Or you may choose a lower … your option selection up to 30 days after your disability application is approved, or up to 30 days after your …
https://www.osc.ny.gov/retirement/publications/1517/receiving-your-benefit-and-filing-your-pension-payment-option-electionNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… Systems, manage more than $330 billion in assets for more than 1.7 million current and retired state, city, … a business-as-usual approach,” DiNapoli said. “It’s time for the SEC to step in and, through regulatory or enforcement … on the risks they face from climate change is a red flag for investors,” Stringer said. “The SEC has both the …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryRepaying Your NYSLRS Loan after Retirement
… loan and increase their pension. Retirees cannot take a new loan from NYSLRS. If you are not yet retired, visit our … You can pay by check or money order, made out to the New York State and Local Retirement System. Please write your …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirement