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LGAC - Proposed Annual Budget for FY 2019-20
Annual budget report includes actual revenues and expenditures for the preceding fiscal year and estimated revenues and expenditures for next four fiscal years.
https://www.osc.ny.gov/files/debt/pdf/lgac-budget-multi-year-plan-2019-20.pdfRetroactive Payments – Legacy Reporting
… Your letter should include the member’s name, NYSLRS ID, Social Security number, the payment amount and the time period …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-paymentsImportant Filing Reminders – Legacy Reporting
… you receive a NYSLRS ID. If you enroll members through Retirement Online , you will receive the member’s NYSLRS ID … and days worked whether you make your adjustments through Retirement Online or submit an Adjustment Report (RS2050). If … through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/important-filing-remindersMaximum Reportable Days – Legacy Reporting
… Employees paid on a weekly basis should be credited with a maximum of five … 25 days would then be the maximum reported. Employees paid on a biweekly basis must be reported with a maximum of 10 … payrolls, report a maximum of 30 days. Employees paid on a semimonthly or monthly basis must be reported with a …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/maximum-reportable-daysCalculating Days Worked – Legacy Reporting
… worked in the reporting period is: (20 days) × (7.5 hours per day) = 150 hours worked The number of days reported is … of hours worked for the month is: (22 days) × (4 hours per day) = 88 hours worked The number of days reported is … they have employees who may work 12 months or ten months a year. Full-time, 12-month employees should be reported in the …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/calculating-days-workedEstablishing the Standard Work Day – Legacy Reporting
… or contract, the number of hours that constitute a standard work day (SWD) for each position. Use our Standard … many as eight. They represent the amount of time per day a full-time employee in that title would be required to work. You must establish a SWD for each employee title (e.g., clerks, bus drivers, …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/establishing-standard-work-dayHow to Report Days Worked – Legacy Reporting
… impact on their retirement benefits. We use days worked to determine service credit, which is the basis for benefit …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/how-report-days-workedSubmitting Your Payment – Legacy Reporting
… monthly payment is by direct debit. Rather than sending us a check, we can withdraw the funds electronically through the … accuracy, reliability or security. To get started, submit a completed Electronic Debit Authorization form (RS5542) with … notify you by phone or email. Each month, you will receive a two-day notice of the upcoming debit from your account by …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/submitting-your-paymentLump Sum Payments – Legacy Reporting
… and plans, we can include a lump sum payment for up to 30 unused vacation days in the calculation of a three-year final … in the calculation of a one-year final average salary. Tier 1 Include lump sum payments for unused vacation on the … appears below. Payment Type Tiers 1 and 2 Tiers 3 and 4 Tiers 5 and 6 Buy Back Not reportable Not reportable Not …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/lump-sum-paymentsWhat Not to Report – Legacy Reporting
… Overtime that exceeds the annual overtime limitation for Tier 5 and Tier 6 ERS and PFRS (15 percent of regular salary) … by private, non-governmental entities Payments made for unused personal leave Payments made for unused sick leave … payments Payment for unused vacation for Tiers 2, 3, 4, 5 and 6 and Tier 1 members with a date of membership on or …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportService Credit Purchase Payments – Legacy Reporting
… If members choose to purchase credit for their previous service, they have the option to …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsLoan Payroll Deductions – Legacy Reporting
… in the Albany, New York area) for current payoff balances. Members can manage loan payments (and make additional … Employers only have to report a single loan deduction for members with outstanding multiple NYSLRS loans. Payments from … Online when to change the loan deduction amount so members can avoid underpayment — eliminating the risk of …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/loan-payroll-deductionsReporting Workers' Compensation Benefits – Legacy Reporting
… can be paid to your employees in three different ways. How your employees are paid those benefits determines how you report their salary and service to us: All payments made … for up to one year for each incident. Tiers 2 through 6 — Do not report salary or days worked. Part salary paid by the …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-workers-compensation-benefitsOverview – Legacy Reporting
… please refer to our Independent Contractor vs. Employee page .) Employers using the enhanced reporting … store and retrieve that information if needed at a later date, saving employers considerable time and effort. We must …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overviewAdjustment Reports – Legacy Reporting
NYSLRS employers report information about employees through Retirement Online including their earnings the number of days they worked and more
https://www.osc.ny.gov/retirement/employers/legacy-reporting/adjustment-reportsDays Worked – Legacy Reporting
… including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/days-workedThe Monthly Report – Legacy Reporting
… including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/monthly-reportLegacy Reporting – Legacy Reporting
NYSLRS employers report information about employees through Retirement Online including their earnings the number of days they worked and more
https://www.osc.ny.gov/retirement/employers/legacy-reportingOvertime Compensation – Legacy Reporting
… For Tier 5 and 6 members, overtime pay beyond the annual limits below is not included in the definition of … staff . What Constitutes Overtime Payments? For compensation to be classified as “overtime,” it must be paid … one’s regular schedule and payment must be at a greater rate than one’s regular rate of pay. For example: Overtime …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overtime-compensationReporting Through Retirement Online – Legacy Reporting
… who are NYSLRS members. If you do not have a username and password, work with your Retirement Online contact and … Online for enrollment and reporting. If you need your password reset or have technical questions about using the system, you …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-through-retirement-online