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Receiving Your Benefit and Filing Your Pension Payment Option Election – Special 20- and 25-Year Plans
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose from several pension payment options, all of which … Members in certain circumstances (for example, members who have recently transferred a membership to NYSLRS) may not be …
https://www.osc.ny.gov/retirement/publications/1517/receiving-your-benefit-and-filing-your-pension-payment-option-electionReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your … all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, which … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Receiving …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionHow To Submit a .txt file to NYSLRS using the OSC Secure File Transfer Services Interface
This job aid shows you (a participating organization) how to use the OSC Secure File Transfer Services Interface in order to properly submit your pipe-delimited .txt files to NYSLRS for processing.
https://www.osc.ny.gov/files/retirement/third-party-organizations/pdf/vcdp-submit-setup-file.pdfDisability Retirement – When Employees Retire
… individual filed the original disability application, only they may request a hearing. If you, as the employer, …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirementTax Data Verification Form
… The tax data verification form is used by counties (and by cities and towns within … the OSC Online Services Portal. File Tax Data Verification Form Guidance Enrollment Instructions [pdf] Instructions for … Tax Data Verification Form …
https://www.osc.ny.gov/local-government/required-reporting/tax-data-verification-formAccrued Payments and Leave Credits – When Employees Retire
… tables : You can add rows to separate earnings information out or delete a row that is not needed. However, if only one … progress and return to the page later to finish filling out the fields or making adjustments. Once complete, you must … Resources Instructional Video For an overview of the page, watch this video: How-To Guides For step-by-step …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/accrued-payments-and-leave-creditsPost Retirement Reporting
… Overview School districts and Boards of Cooperative Educational Services (BOCES) are … would indicate if a retiree exceeded the earnings limit and provides the necessary information to comply with the … without affecting their pension. Generally, NYSLRS and other New York public sector retirees under age 65 are …
https://www.osc.ny.gov/retirement/employers/post-retirement-reportingEstablishing the Standard Work Day – Legacy Reporting
… each position. Use our Standard Work Day Resolution for Employees form (RS2418) . ( Here is an example .) SWDs can be … bus drivers, etc.), even if you only have part-time employees in that title or the title is vacant. You may … NYSLRS employers report information about employees through Retirement Online including their earnings …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/establishing-standard-work-dayParticipation in the Program – Contribution Stabilization Program
… appear on their invoice. To elect to participate in the Contribution Stabilization Program (CSP), you must complete … and you would not be able to amortize your annual pension contribution unless you elect to participate in the CSP. If … How NYSLRS employers can join or withdraw from the Contribution Stabilization Program …
https://www.osc.ny.gov/retirement/employers/csp/participation-programMaking Adjustments to Earnings and Days Worked – Legacy Reporting
… through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/making-adjustmentsAnnual Wage for New Tier 6 Employees
… based on their salaries as of their hire date. How to Determine the Annual Wage In order to ensure the … = annual wage If you have any questions regarding how to determine an annual wage for a new employee, please … of Tier 6 members are based on the wages they earn Here is how they are calculated Annual Wage Calculation …
https://www.osc.ny.gov/retirement/employers/annual-wage-new-tier-6-employeesDirect Deposit Program
… in the mail—direct deposit is fast, convenient and secure. Sign up for direct deposit now and get your money sooner. … A bank representative’s signature (Return to Top) Sign Up for Direct Deposit With direct deposit, your pension … your check being lost or stolen. Use Retirement Online to Sign Up for Direct Deposit Sign in to Retirement Online . …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programVendor Responsibility Forms
… ) (MS Word) or (PDF) VendRep System Forms Agency Notice of Intent to Participate in the VendRep System (PDF) - … a government organization's Authorizer for purposes of establishing the Authorizer’s Online Services account with the New York State Office of the State Comptroller (OSC). Online Services Bureau of …
https://www.osc.ny.gov/state-vendors/vendrep/vendor-responsibility-formsOvertime Temporarily Excluded from Tier 6 Contribution Rates
… includes earnings for April). Important: A Tier 6 member’s contribution rate is based on all employment reported to … just their employment with your location. If a member’s contribution rate is higher than you expected, this could be … Certain Tier 6 members may receive a lower contribution rate due to legislation that temporarily changed …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesAccounts Payable Advisory No. 71
… Subject : New Form 1099-NEC and Updated Form 1099-MISC Reference : Guide to Financial Operation, … Guidance : The Internal Revenue Service (IRS) revised Form 1099-MISC effective for the 2020 tax year to accommodate … The Internal Revenue Service IRS revised Form 1099MISC effective for the 2020 tax year to accommodate …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/71-processing-payments-subject-federal-reportingLife Changes: Membership in a Nutshell
… and nearly 3,000 employers, NYSLRS is one of the largest public retirement systems in the nation. The New York State … projection based on information provided by our automated records. The information in your member annual statement is … for most Tier 1, 2, 3 and 4 members. Estimates for Divorce Proceedings If you are in the process of a divorce, …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellHow to Make a Vendor Responsibility Determination
… capacity and controls; appropriate legal authority to do business in New York; a satisfactory record of … contracts. You should consider any information that comes to your attention and work with the vendor to address any negative information. Things to keep in mind: …
https://www.osc.ny.gov/state-vendors/vendrep/how-make-vendor-responsibility-determinationIf You Need Help – Governmental Accounting Standards Board
Information about who to contact for questions about complying with Governmental Accounting Standards Board GASB Statement No 68 or for questions about your NYSLRSissued GASB report
https://www.osc.ny.gov/retirement/employers/gasb/if-you-need-helpMaking Adjustments to Earnings and Days Worked – Enhanced Reporting
… If you need to correct a member’s earnings or days worked, submit an … add or subtract from the previously reported data in order to correct it in our system – Retirement Online will not … in a future annual bill. Do not make an adjustment to a member’s SCP, loan payments or contributions. These …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/making-adjustments-earnings-and-days-workedState Authority Contract Approval, Reporting and Filing
… process, read the State Authority Contract Submission Manual or use these helpful links. Written Notices … Log in to the Contract Submission System View User Demo (14 minutes) Enroll New Users Resources Title 2 of … Law Section 2879–a The State Authority Contract Submission Manual Text Version (PDF) Searchable Version (HTML) OSC …
https://www.osc.ny.gov/public-authorities/state-authority-contract-approval-reporting-and-filing