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Pension Payment Options
… about your pension and whether to continue payments to a beneficiary upon your death. When you apply for retirement , … will stop—there will be no continuing payments to a beneficiary, even if you die soon after retiring. Or you can … pension payment to provide for a possible payment to a beneficiary upon your death. If you are divorced , you may be …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsAre You Vested? And What It Means
… Are You Vested? Being vested means that you have earned enough … by your retirement plan. Vesting is automatic; you do not have to fill out any paperwork to become vested. Tier … for a service retirement benefit. Effective immediately, if you are a Tier 5 or 6 member with five or more years of …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansPartial Lump Sum (PLS) Payment at Retirement — For Eligible NYSLRS Members
… single payment equal to a percentage of the value of your pension benefit at retirement. The payment amount depends on … 15% 4 5, 10, 15 or 20% 5 or more 5, 10, 15, 20 or 25% To estimate how much you would be eligible to receive: Sign in … , and under “My Account Summary,” click “Estimate my Pension Benefit.” After you enter your basic retirement …
https://www.osc.ny.gov/retirement/members/partial-lump-sum-paymentPreparing and Applying for Retirement
… Retirement is a big step, and we want to make sure you’re ready when the time comes. Below you’ll … for retirement, including topics to consider as you plan and actions to take. When you’re ready to apply for … guiding NYSLRS members through the retirement process and highlighting important topics and information to consider …
https://www.osc.ny.gov/retirement/members/preparing-and-applying-for-retirementChallenging a Determination – State Police Plan
… on the top right of your page, then follow the prompts. By email: Email the Hearing Administration … hearing, include your name, NYSLRS ID number, your return email and mailing address, and a phone number where you can …
https://www.osc.ny.gov/retirement/publications/1518/challenging-determinationAbout Offering a Retirement Plan – What Every Employer Should Know
… What every employer should know about NYSLRS what it means to participate as an employer …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-planXIII.9 Allowed Values for Processing Payments in SFS – XIII. Employee Expense Reimbursement
… an employee can select when completing an Expense Report in the SFS Travel and Expenses module. Expense Types This … an employee can select when completing an Expense Report in the SFS Travel and Expenses module. Guide to Financial …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii9-allowed-values-processing-payments-sfsAbout Filing the Resolution – Reporting Elected and Appointed Officials
… Resolution for Official’ link on my Retirement Online Account Homepage. What do I do? What if I do not see all of … Resolution for Official’ link on my Retirement Online Account Homepage. What do I do? This link is only accessible … Resolution For Official’ link on your Retirement Online Account Homepage. Then, enter your location code, select a …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/about-filing-resolutionNew York State Comptroller Thomas P. DiNapoli Hanukkah Message
… to wish all of those observing the annual Jewish holiday a happy and safe Hanukkah. Over the course of the next eight … to wish all of those observing the annual Jewish holiday a happy and safe Hanukkah …
https://www.osc.ny.gov/press/releases/2014/12/new-york-state-comptroller-thomas-p-dinapoli-hanukkah-messageOverlapping Real Property Tax Rates and Levies - FAQs
… also provides a breakout by county to allow the user to do regional analyses. What information does the Tax Rates …
https://www.osc.ny.gov/local-government/data/overlapping-real-property-tax-rates-and-levies-faqsOversight and Enforcement of the Rechargeable Battery Law
… Conservation (Department) has adequately monitored and enforced compliance with the New York State Rechargeable Battery Law to promote the proper disposal of lithium-ion and other types of rechargeable batteries. The audit covered … of Environmental Conservation has adequately monitored and enforced compliance with the New York State Rechargeable …
https://www.osc.ny.gov/state-agencies/audits/2022/06/29/oversight-and-enforcement-rechargeable-battery-lawPartial Lump Sum Payment – State Police Plan
… members, you will receive your PLS along with your first pension payment, at the end of the month following your … benefit).* Choosing a Lump Sum Payment You must select a pension payment option and PLS payment by the end of the … your retirement application. Lump Sum Payment Amounts The amount of the PLS payment available to you is a percentage of …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentPartial Lump Sum Payment – Special 20- and 25-Year Plans
… members, you will receive your PLS along with your first pension payment, at the end of the month following your … benefit).* Choosing a Lump Sum Payment You must select a pension payment option and PLS payment by the end of the … your retirement application. Lump Sum Payment Amounts The amount of the PLS payment available to you is a percentage of …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentThe VendRep System
… Log in or create an account to get started. Using the online questionnaire The VendRep System includes all four … activity. If the State contracting entity chooses the online option, it must notify prospective bidders in the … Package. ) Things to keep in mind: Completion of the online questionnaire does not automatically qualify the …
https://www.osc.ny.gov/state-vendors/vendrep/vendrep-systemDiNapoli: Read Fine Print on Gift Cards this Holiday Season
… details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers … gift cards can help you avoid fees." Under the Federal Credit Card Act of 2009, many types of retail cards sold … to disclose whether those rebates will be issued in the form of a gift card and whether any fees will apply to those …
https://www.osc.ny.gov/press/releases/2017/11/dinapoli-read-fine-print-gift-cards-holiday-seasonStandardized Forms – Travel and Conference Expense Management
… and easy to follow. Travelers should be made aware of the importance of providing all required information in order … A travel reimbursement form should request information in the following areas: Purpose and dates(s) of the travel – … arrival points. Lodging charges – dates and amounts for hotel charges and method of payment of such charges (paid by …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/standardized-formsLife Changes: Why Should I Designate a Beneficiary?
… P. DiNapoli When you became a member of the New York State and Local Retirement System (NYSLRS), you may have designated … to make sure your beneficiary designations are up to date and reflect your current desires. That’s where this brochure … can help. It explains beneficiary designations and how you can change them. For more detailed information about …
https://www.osc.ny.gov/retirement/publications/life-changes-why-should-i-designate-beneficiaryConclusion – Improving the Effectiveness of Your Claims Auditing Process
… The claims auditing process is known as a "super control" because, when conducted effectively, it can …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/conclusionCost-Saving Ideas: Reviewing Your Revenue Collection Process
… which are collected with taxes.) Ensure that the service provider complies with statutory requirements and that proper internal controls are in place. Accept Credit Card Payments Providing residents the option to pay for fees, …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-reviewing-your-revenue-collection-processCost-Saving Ideas: Overtime Planning and Management
… costs. Fair Labor Standards Act and the New York State Taylor Law In implementing actions relating to overtime, keep … well as collective bargaining principles under the State's Taylor Law (Civil Service Law article 14). Resources Local …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-overtime-planning-and-management