Search
State Agencies Bulletin No. 2301
… Purpose: The purpose of this bulletin is to notify agencies that the pensionable … limit for Tier 6 members of the New York City Employee Retirement System (NYCERS), New York City Teachers Retirement … pensionable overtime earnings limit with an Effective Date of January 1, 2025. Agency Actions: Agencies must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systemsCost-Saving Ideas: Minimizing Unemployment Insurance Costs
… will affect unemployment costs (for example, full-time versus part time, temporary versus permanent and reallocation of duties). A comprehensive …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-minimizing-unemployment-insurance-costsService Retirement Benefit – Regional State Park Police Plan
… 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 … before completing 25 years of service, you will receive a retirement benefit equal to 1/50th (2 percent) of …
https://www.osc.ny.gov/retirement/publications/1867/service-retirement-benefitState Agencies Bulletin No. 1882
… Purpose The purpose of this bulletin is to notify agencies of the 2021 maximum salary limit for members of ORP and VDC in Tier 6. Affected Employees Employees who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1882-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedEmployers
… Information and resources for participating employers of the New York State and Local Retirement System NYSLRS …
https://www.osc.ny.gov/retirement/employersLimitations – Career Plan
… 36 months of earnings immediately preceding your date of retirement. Tiers 2 and 3 If the earnings in any year … in your FAS calculation is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year … Earned compensation that exceeds the Governor’s annual salary is excluded (please refer to our Overtime and Earnings …
https://www.osc.ny.gov/retirement/publications/1642/limitationsLimitations – Regional State Park Police Plan
… date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding 12-month period by more than 20 percent. Any …
https://www.osc.ny.gov/retirement/publications/1867/limitationsLimitations – Police and Fire Plan
… 36 months of earnings immediately preceding your date of retirement. Tiers 2 and 3 If the earnings in any year … the amount of overtime is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year … Earned compensation that exceeds the Governor’s annual salary is excluded (please refer to our Overtime and Earnings …
https://www.osc.ny.gov/retirement/publications/1512/limitationsLimitations – En-Con Police Officers Plan
… date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot exceed the earnings in the preceding 12-month period by more than 20 percent. Any …
https://www.osc.ny.gov/retirement/publications/1822/limitationsLimitations – New Career Plan
… 36 months of earnings immediately preceding your date of retirement. Tiers 2 and 3 If the earnings in any year … the amount of overtime is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year … Earned compensation that exceeds the Governor’s annual salary is excluded (please refer to our Overtime and Earnings …
https://www.osc.ny.gov/retirement/publications/1515/limitationsLimitations – Basic Plan with Increased-Take-Home-Pay (ITHP)
… 36 months of earnings immediately preceding your date of retirement. Tiers 2 and 3 If the earnings in any year … in your FAS calculation is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year … Earned compensation that exceeds the Governor’s annual salary is excluded (please refer to our Overtime and Earnings …
https://www.osc.ny.gov/retirement/publications/1511/limitationsVested Retirement Benefit – Special 20- and 25-Year Plans
… before retirement age, but have five or more years of credited service, you will be eligible for a vested … benefit depends on your tier. Tiers 2 and 3 — the first of the month following your 55th birthday. Tier 5 — your 55th … The Benefit Your vested retirement benefit is 1.66 percent of your FAE for each year of service credit. The benefit is …
https://www.osc.ny.gov/retirement/publications/1517/vested-retirement-benefitFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… Number of Employees Who Are Members Generally, the more … the employer’s annual payment is likely to be. The total number of billable (active) members as of fiscal year ended … to offer improved retirement plans or optional benefits (for example, a one-year final average earnings for police …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentOverview – Career Plan
… of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the … months of service when your earnings were highest. For Tier 6 members, it is the average of your highest 60 … in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in the FAS period;* and Longevity payment …
https://www.osc.ny.gov/retirement/publications/1642/overviewOverview – Police and Fire Plan
… but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular salary; Overtime earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for …
https://www.osc.ny.gov/retirement/publications/1512/overviewOverview – New Career Plan
… of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the … months of service when your earnings were highest. For Tier 6 members, it is the average of your highest 60 … in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in the FAS period;* and Longevity payment …
https://www.osc.ny.gov/retirement/publications/1515/overviewOverview – Non-Contributory Plan with Guaranteed Benefits
… but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular salary; Overtime if earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for …
https://www.osc.ny.gov/retirement/publications/1513/overviewOverview – Basic Plan with Increased-Take-Home-Pay (ITHP)
… of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the … months of service when your earnings were highest. For Tier 6 members, it is the average of your highest 60 … in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in the FAS period;* and Longevity payment …
https://www.osc.ny.gov/retirement/publications/1511/overviewState Agencies Bulletin No. 2296
… for employees enrolled in the New York State Deferred Compensation Plan for the calendar year 2025 Background: Pursuant to IRS IR-2024-285, released on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2296-deferred-compensation-maximum-contributions-limits-calendar-year-2025New York’s Paid Family Leave Program
… PFL. Benefit payments are funded by employees through payroll deductions that employers use to pay for premiums on … 10 Employers are responsible for collecting employee payroll contributions, providing a waiver to employees who … in 2023). FIGURE 2: PFL Weeks of Leave, Benefits and Payroll Deductions / Contributions by Year, 2018 – 2023 …
https://www.osc.ny.gov/reports/new-yorks-paid-family-leave-program