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Membership Milestones for Employees’ Retirement System (ERS) Members
… Contents on the left or scroll down to see how your years of service affect your retirement benefits. For specific … job-related death and disability benefits. After 1 year of service credit, you are covered by a non-job-related death benefit. With 5 years of service credit, you become vested and are entitled to a …
https://www.osc.ny.gov/retirement/members/membership-milestones-employees-retirement-system-ers-membersState Agencies Bulletin No. 1714
… Employees New York State employees who are members of the VDC Background On March 16, 2012, the Governor signed … March 31, 2012. This Legislation authorized the creation of a new Tier 6 pension plan that included a Voluntary … annual wage. Once a Tier 6 member has reached three years of membership, his or her contribution rate is based on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1714-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcState Agencies Bulletin No. 1886
… 4.5% $75,000.01 to $100,000.00 5.75% $100,000.01 and Greater 6% The Benefit Plans and the narrative descriptions are found below. Note : The … effect for the February 3, 2021 (Administration cycle) and February 11, 2021 (Institution cycle) paychecks. Agencies …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1886-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcState Agencies Bulletin No. 1793
… Purpose The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the … The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employees Retirement Plan page due …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1793-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcFairport Central School District - Payroll and Employee Benefits (2023-118)
… calculated their leave accruals. However, we found one of the five employees that received a retirement incentive … been paid $2,000 because they retired prior to the end of the school year, a requirement for this incentive. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/15/fairport-central-school-district-payroll-and-employee-benefits-2023-118Unified Court System Bulletin No. UCS-241
… Be in Negotiation Unit S9, G9 (Blazer Allowance Payment only); or SY, SR, 86, 87 (Uniform Allowance Payment only); or DR, F8 (Uniform or Blazer Allowance Payment); and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-241-june-2017-uniform-and-equipment-uniform-allowance-andTier 6 Defined Contribution Plan Option
… option to choose either the traditional defined benefit plan or a defined contribution plan for their retirement benefits, if: They are not … Employees who wish to choose the defined contribution plan must file an election during their first 30 days of … may choose either the traditional defined benefit plan or a defined contribution plan …
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 percent, … we have kept the state pension fund strong and one of the best funded in the nation. The long-term outlook for … As in years past, we’re taking the responsible action of lowering our assumed rate of return now so we can better …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredPayroll Improvement Project Bulletin No. PIP-018
… Max* Limit Description Limit Period Limit Type V01 RTR Memo CompLmt PAFBT3/ERSBEF 285,000.00 NYSLRS (ERS & PAF) … Tiers 1-4 Calendar Year IRS 401(a)(17) Limit V02 RTR Memo CompLmt ERSBT5 285,000.00 NYSERS Pensionable Earnings … Tier 5 Plan Year (4/1 - 3/31) IRS 401(a)(17) Limit V03 RTR Memo OT Lmt ERSBT5 20,763.51 NYSERS Overtime Earnings Tier 5 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-018-new-additional-pay-earns-codes-v-codes-payservState Comptroller DiNapoli & U.S. Attorney Announce Guilty Plea & Sentencing of Former Albany Resident for Defrauding NYS Retirement System of $130,624
… and living circumstances. Assistant United States Attorney Winston David Holliday, Jr., of the Columbia office handled …
https://www.osc.ny.gov/press/releases/2017/12/state-comptroller-dinapoli-us-attorney-announce-guilty-plea-sentencing-former-albany-residentApplication for Transfer of Membership in Accordance with Chapter 390 (Laws of 2009) (PF5467)
For NYSLRS PFRS members who previously transferred an Employees’ Retirement System (ERS) membership to the Police and Fire Retirement System (PFRS)
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5467.pdfContributing Toward Your Retirement – State Police Plan
… You can contribute any whole percentage from 1 percent to 10 percent. Voluntary contributions are taken after taxes. At … employee contribution rates are determined based on annualized wages. After three years, we base your … you actually earned in the last completed State fiscal year (April 1 to March 31). Contribution rates are set April …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementState Agencies Bulletin No. 1458
… functionality and formatting for employee addresses in the payroll system Affected Employees All employees Effective … address fields will be capitalized automatically by the payroll system. New Data Entry Requirements for Foreign … When an agency enters an address for an employee, the payroll system will now require specific fields be entered …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1458-new-functionality-employee-address-fields-payservDiNapoli: Woman Arrested for Stealing Deceased Sister's Pension Checks
… State Comptroller Thomas P. DiNapoli and Brooklyn District Attorney Eric Gonzalez today announced the arrest of Latrenda Dixon for the alleged theft of her … the Bronx, is charged with illegally cashing 20 checks in Brooklyn for nearly $8,000 issued by the New York State and …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-woman-arrested-stealing-deceased-sisters-pension-checksSpecial Accidental Death Benefit – Regional State Park Police Plan
… under circumstances that permit payment of the accidental death benefit, a special accidental death benefit will be paid to your surviving spouse. If the …
https://www.osc.ny.gov/retirement/publications/1867/special-accidental-death-benefitComptrollers DiNapoli & Stringer Call on Corporations to Protect LGBT Rights Around World
… Squibb, Coca-Cola, Corning, Dow Chemical, General Electric, GlaxoSmithKline, Goldman Sachs, IBM, Intel, Johnson … are: New York City Employees’ Retirement System: Mayor Bill de Blasio’s Representative, Carolyn Wolpert (Chair); New … Teamsters, Local 237. Teachers’ Retirement System: Mayor Bill de Blasio’s Appointee, Carolyn Wolpert; Deputy …
https://www.osc.ny.gov/press/releases/2014/06/comptrollers-dinapoli-stringer-call-corporations-protect-lgbt-rights-around-worldEmployer E-News Archive — 2024
… Sign up to make sure you receive the latest Retirement System … for Your Employees—Submit Your Monthly Report on Time Set Up Your Enhanced Reporting Transition Plan Today More Than … Review Your Report Summary for Improper Withholdings Set Up Your Enhanced Reporting Transition Plan Today More Than …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2024Employer E-News Archive — 2026
… Sign up to make sure you receive the latest Retirement System … for Tier 5 & 6 Members Annual Invoice Payment Due Time is Up to Switch to Enhanced Reporting …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2026Reporting Through Retirement Online – Legacy Reporting
… — such as what earnings to report or how to calculate days worked — email the Employer Reporting unit . Legacy … COMR. may be included; however, they are not required Days of Service* 10 A number between 0.00 and 9999999.99 … Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-through-retirement-onlineMember & Retiree E-News Archive — 2026
… Sign up to make sure you receive the latest Retirement System …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2026