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State Agencies Bulletin No. 2092
… that the pensionable overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2092-2023-tier-6-overtime-limit-new-york-city-retirement-systemsState Agencies Bulletin No. 1980
… agencies that the pensionable overtime (OT) earnings limit for Tier 6, New York City Teachers Retirement System (82), … (83), and New York City Employee Retirement System (84) for the 2022 plan year is $18,233.00. Affected Employees Tier … NYCBERS, and NYCERS are affected. Background OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1980-2022-tier-6-overtime-limit-nyc-retirement-systems-nycers-nyctrs-andState Agencies Bulletin No. 1978
… is to notify agencies of the 2022 maximum salary limit for ORP and VDC in Tier 6 plan members. Affected Employees … (C), and 408 (k) (6) (D) (ii) will increase to $305,000 for the 2022 calendar year for ORP and VDC Tier 6 plan participants. Effective Dates …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1978-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 1796
… is to notify agencies of the 2020 maximum salary limit for members of ORP and VDC in Tier 6. Background In … Section 415 of the Internal Revenue code, which provides for dollar limitations on benefits and contributions under … (C), and 408 (k) (6) (D) (ii) will increase to $285,000 for the 2020 plan year, which is the calendar year for ORP …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1796-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 2301
… Board of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: Tier 6 … Price Index on December 31 of the previous year. The 2025 OT limit is $20,958.00. Effective Dates: Effective for Institution paychecks beginning January 9, 2025. OSC Actions: OSC will update the OT limit in PayServ to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systemsService Retirement Benefit – En-Con Police Officers Plan
… at any age after completing 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having served … police officer. The Benefit With 25 years of creditable service, your benefit will equal 1/50th (2 percent) of your …
https://www.osc.ny.gov/retirement/publications/1822/service-retirement-benefitWhat to Report – Legacy Reporting
… Benefits page for additional information) Tier 6 members: report compensation but do not take contributions from salary earned in excess of the … should be reported. Tiers 5 and 6: Only overtime up to annual limitation (see the Overtime Compensation page …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-reportState Agencies Bulletin No. 2296
… bulletin is to notify agencies of the following maximum contribution limits for employees enrolled in the New York … will increase from $23,000 to $23,500. The catch-up contribution limit that generally applies for employees aged … and over remains at $7,500 for 2025 for a combined maximum contribution limit of $31,000 in 2025. Effective January 1, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2296-deferred-compensation-maximum-contributions-limits-calendar-year-2025Service Retirement Benefit – Regional State Park Police Plan
… age after completing 25 years of regional state park or New York State police officer service. Or, you may qualify for a service retirement if you reach age 60 before having served 25 years … The Benefit With 25 years of creditable service, your retirement benefit will equal one-half (50 percent) of …
https://www.osc.ny.gov/retirement/publications/1867/service-retirement-benefitDiNapoli: Moderate Growth in Local Sales Tax Collections for First Half of 2017
… average. The North Country (4.5 percent), Southern Tier (4.5 percent), Central New York (4.4 percent), Mohawk … Finger Lakes (4 percent) regions had the highest growth rates in the state. Additionally, Long Island's growth rate … Salamanca (14.7 percent), Rome (8.8 percent) and Oswego (6.4 percent) experienced the highest percentage increase. …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-moderate-growth-local-sales-tax-collections-first-half-2017DiNapoli: 33 School Districts Reported in Fiscal Stress
… View schools districts in stress: https://www.osc.state.ny.us/localgov/fiscalmonitoring/schools/pdf/2019/stress-list.pdf … Common Themes for School Year 2018-19 Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-33-school-districts-reported-fiscal-stressComparison of PFRS Benefits
… of Police and Fire Retirement System (PFRS) benefits by tier. Tier 2 Tier 3 Tier 5 Tier 6 Membership Dates July 31, 1973 through June 30, 2009 July …
https://www.osc.ny.gov/retirement/employers/comparison-pfrs-benefitsState Agencies Bulletin No. 1882
… 2021 maximum salary limit for members of ORP and VDC in Tier 6. Affected Employees Employees who are Tier 6 members of ORP or VDC are affected. Background In …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1882-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: State Pension Fund Value $192 Billion
… that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns over the fiscal year, … said. “New York state’s pension fund is at a record value based on prudent long term asset allocation. We …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionTier Status – Non-Contributory Plan for ERS Tier 1 Members
… … NonContributory Plan information for ERS Tier 1 members under Section 75c Tier Status …
https://www.osc.ny.gov/retirement/publications/1501/tier-statusTier Status – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 1 Members
… Plan with Guaranteed Benefits information for ERS Tier 1 members under Sections 75d and 75e Tier Status …
https://www.osc.ny.gov/retirement/publications/1502/tier-statusTier Status – Basic Plan for ERS Tier 2 Members
… … Basic Plan information for ERS Tier 2 members under Sections 70a 71a and 75 Tier Status …
https://www.osc.ny.gov/retirement/publications/1505/tier-statusTier Status – New Career Plan for ERS Tier 1 Members
… … New Career Plan information for ERS Tier 1 members covered by Sections 75h and 75i Tier Status …
https://www.osc.ny.gov/retirement/publications/1504/tier-statusTier Status – Career Plan for ERS Tier 1 Members
… … Career Plan information for ERS Tier 1 members covered by Sections 75f and 75g Tier Status …
https://www.osc.ny.gov/retirement/publications/1503/tier-status