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Account Codes for ERS & TRS Reserve Contributions Bulletin
The purpose of this bulletin is to provide updated account code guidance for school districts recording contributions to ERS and TRS.
https://www.osc.ny.gov/files/local-government/publications/pdf/ers-trs-reserve-bulletin.pdfInternal Controls Over Selected Financial Operations (2018-S-66)
To determine whether the Division of Military and Naval Affairs (DMNA) has adequate controls over selected financial operations to provide reasonable...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2020-18s66.pdfUser Access Controls Over Selected System Applications (2019-S-34)
To determine whether access controls over select State University of New York Upstate Medical University system applications are effective to prevent ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2020-19s34.pdfNew York State Common Retirement Fund - Policy on Independence of Consultants
The Common Retirement Fund must be able to use best-in-class consultants as advisors and to invest assets with best-in-class investment managers
https://www.osc.ny.gov/files/common-retirement-fund/resources/pdf/policy-on-independence-of-consultants.pdfGeneral Investment Policies for the New York State Common Retirement Fund
Intended to provide a framework for the operation of the Fund and to reflect the strategies and principles adopted by the Comptroller.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/general-investment-policies.pdfAdditional Service Credit for Sick Leave (Section 341[j]) – Article 14 Benefits
… plan. Meet the service credit requirement to retire in a special 20- or 25-year plan. … Article 14 information …
https://www.osc.ny.gov/retirement/publications/1644/additional-service-credit-sick-leave-section-341jApplying for Benefits – Article 14 Benefits
… To apply for Retirement System benefits, you must file the … applications and other documents are required by law to be filed with the Office of the State Comptroller within specific time limits. For a form to be considered as “filed with the Comptroller,” it must be …
https://www.osc.ny.gov/retirement/publications/1644/applying-benefitsAccidental Death Benefit – Article 14 Benefits
… benefit, the difference will be paid to the last eligible beneficiary or beneficiaries. If none exists, the benefit … as soon as possible so we can forward the appropriate forms to your beneficiary. If you die on or after January 1, 2020, the …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitCredit for Previous or Military Service – Article 14 Benefits
… You may be able to obtain credit for your previous public employment or … that you claim all the service credit you are entitled to receive as early as possible, because records documenting … from a participating employer before that employer elected to participate in the Retirement System. To receive this …
https://www.osc.ny.gov/retirement/publications/1644/credit-previous-or-military-serviceReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose from several options, … (unless notified otherwise, as in the case of disability retirement) before the first day of the month following your …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionState Agencies Bulletin No. 1082
… Purpose To provide procedures to the Office of Mental Health (OMH) for new Time Entry …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1082-new-extra-service-earnings-codes-office-mental-health-omhState Agencies Bulletin No. 1129
… Purpose and General Information To inform agencies of action required to ensure that payroll earnings charges are properly …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1129-updates-cost-centers-statewide-financial-system-sfs-and-payserv-accountApplying for Previous or Military Service Credit – Article 14 Benefits
… To receive credit for previous or military service, send a … must be received before your effective date of retirement) to our Member & Employer Services Bureau. Include as much … is a cost, it will be less expensive than if you wait to purchase it at a later date. You will stop making the 3 …
https://www.osc.ny.gov/retirement/publications/1644/applying-previous-or-military-service-creditOrdinary Disability – Article 14 Benefits
… Eligibility To qualify for the ordinary disability retirement benefit, you must: Be unable to perform your duties because of a permanent physical or … benefits. The Benefit If approved, this is a benefit equal to the greater of: One-third of your FAS or 2 percent of …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityDivorce – Article 14 Benefits
… retirement benefits are marital property and are subject to equitable distribution. Equitable distribution is the … in the form of a Domestic Relations Order (DRO) if we are to pay a portion of your pension to your ex-spouse. A DRO gives us specific direction on how …
https://www.osc.ny.gov/retirement/publications/1644/divorceContributing Toward Your Retirement – Article 14 Benefits
… You are required to contribute 3 percent of your gross earnings toward your … earned in connection with all employment must be reported to us. Under Internal Revenue Code Section 414(h), effective … contributions are tax-deferred until they are distributed to you. These contributions are reportable for federal income …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementOrdinary Death Benefit – Article 14 Benefits
… An ordinary death benefit may be payable to your designated beneficiary if you have 90 days of service … or While you are on an authorized medical leave for up to two years (which may be extended for an additional two … Compensation or other employer-funded benefits for up to two years (which may be extended for an additional two …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public employment and have five or more years of credited service. You can choose to begin receiving your … possible date, file a retirement application within 90 days before you first become eligible. If we receive your …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingPayment for Service Credit – Article 14 Benefits
… member covered by Article 14, you will usually be required to pay for service currently not credited to you. There are two kinds of past service costs — mandatory … contributions. Optional costs are payments you choose to make to purchase credit for a period of previous or …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditLeaves of Absence – Article 14 Benefits
… Half credit is given for sick leave at half pay. Since service is … Authorized, unpaid medical leaves of absence; or Unpaid leave under the federal Family and Medical Leave Act. …
https://www.osc.ny.gov/retirement/publications/1644/leaves-absence