Search

Available Options – Non-Contributory Plan with Guaranteed Benefits

… It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments … or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value …

https://www.osc.ny.gov/retirement/publications/1513/available-options

Available Options – Basic Plan with Increased-Take-Home-Pay (ITHP)

… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …

https://www.osc.ny.gov/retirement/publications/1511/available-options

Available Options – Career Plan

https://www.osc.ny.gov/retirement/publications/1642/available-options

Available Options – Regional State Park Police Plan

… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your … cease upon your death. The mandatory contributions made by Tier 5 and 6 members are not annuity savings …

https://www.osc.ny.gov/retirement/publications/1867/available-options

DiNapoli Announces Interim CIO for the New York State Common Retirement Fund

… Thomas P. DiNapoli today announced his appointment of Anastasia Titarchuk as Interim Chief Investment Officer of … retiring the week of July 30 after six years of service. "My thanks go to Vicki Fuller, during whose tenure the Fund … her skill and knowledge over her years as our Deputy CIO. I have great confidence that she will continue to provide a …

https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fund

DiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care

… The Albany Times Union today, urging the state Legislature to act on his proposal to create an optional investment pool … will only grow. Most state and local government employees earn future benefits while they are working, such as pensions … costs over the long term. There would be no limit on how much or how little a government can deposit into the …

https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-care

State Police Disability (Section 363-b) – State Police Plan

… leave of absence (with or without pay); or Receiving workers’ compensation or similar employer-funded benefits, as long as … be 50 percent of your FAE, plus an annuity based on any voluntary contributions you may have made and the interest …

https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-b

Unified Court System Bulletin No. UCS-291

… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic … Code: UBA Amount: $600.00 – NU S9 OSC will notify the OCA when processing is complete, so agencies can begin updating … for employees in Negotiating Units SY, SR, and S9 who do not meet the eligibility criteria. The OCA must notify …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-291-june-2020-uniform-and-equipment-uniform-allowance-and