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Comparison of PFRS Benefits
… if employer offers a non-contributory plan. Article 14: 3% for 25 years or until retirement, whichever is earlier. 3% … reduced benefits between age 55 and 62 (see Reductions for Early Retirement below). Article 11: Members in special … reduced benefits between age 55 and 62 (see Reductions for Early Retirement below). Article 14: Normal retirement …
https://www.osc.ny.gov/retirement/employers/comparison-pfrs-benefitsMore About This Retirement Plan – State Police Plan
… This retirement plan summary describes the benefits available … Fire Retirement System (PFRS) covered by the special 20-year State Police retirement plan. (There is no Tier 4 in … Law (RSSL) as enacted by the New York State Legislature. This publication applies only to members who joined the New …
https://www.osc.ny.gov/retirement/publications/1518/more-about-retirement-planNYSLRS Announces Employer Contribution Rates for SFY 2026-27
… P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS) … Employers’ average contribution rates will increase from 16.5% to 17.6% of payroll for the Employees’ Retirement … plan combinations. In the SFY that ended March 31, 2025, NYSLRS paid out nearly $16.8 billion in benefits. …
https://www.osc.ny.gov/press/releases/2025/09/nyslrs-announces-employer-contribution-rates-sfy-2026-27DiNapoli: Former Riverside Village Clerk Sentenced to Jail for $50K Theft
… said. “Thanks to my partnership with District Attorney Brooks Baker, Ms. Johnson is going to jail and will repay …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-former-riverside-village-clerk-sentenced-jail-50k-theftNYS Common Retirement Fund Announces First Quarter Results
… said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsState Agencies Bulletin No. 1561
… Questions regarding this bulletin may be directed to Payroll Retirement mailbox. … To notify agencies that the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1561-tier-6-pensionable-overtime-earnings-limit-fiscal-year-2017-18State Agencies Bulletin No. 845
… Purpose To provide guidelines and procedures for determining if a worker should be treated as an … can, if followed, minimize the risk of exposure to an IRS audit and subsequent financial penalties if erroneous … if your agency exercises the requisite degree of control over how the individual performs the services. In addition, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/845-agency-compliance-internal-revenue-service-irs-policy-regarding-workerDiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… strong leadership leaves us with an excellent management team and increased operating efficiencies. She and her team have also been innovators in many areas. Among other … have been an inspiration and an extraordinarily dedicated team of talented and genuinely nice people. There is never a …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fundState Agencies Bulletin No. 1092
… automatically end date existing dues (code 202) and agency shop fees (code 213) to Council 82 for all employees in the … Effective August 19, 2011, dues (code 202) and agency shop fees (code 213) collected from employees in Bargaining … by OSC to PBANYS, Inc. OSC will continue this practice up to and including paychecks dated October 26, 2011. OSC has …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1092-new-union-bargaining-unit-31Accounts Payable Advisory No. 7
… when processing payments to vendors. Improper preparation of vouchers payable to Barnes and Noble may delay payment …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/7-complex-entity-barnes-nobleDefinitions – Contribution Stabilization Program
… Retirement System’s Average Rates The System average rate represents the average normal contribution rate over all retirement plans in each system for a given … in a system for the fiscal year. Employer’s Average Rate Each employer has their own specific average rate. It is …
https://www.osc.ny.gov/retirement/employers/csp/definitionsNYS Common Retirement Fund Announces First Quarter Results
… of the state fiscal year 2015-2016 was 0.52 percent for the three-month period ending June 30, 2015, with an … New York's pension fund remains strong and well-positioned for the future with a smart, long-term investment strategy." … quarter of the state fiscal year 20152016 was 052 percent for the threemonth period ending June 30 2015 with an …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-resultsState Agencies Bulletin No. 1697
… Purpose To notify agencies of the 2019 maximum salary limit for members of ORP and VDC in Tier 6 Background In accordance … 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 $280,000 for the 2019 plan year, which is the calendar year for ORP …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1697-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 1623
… Purpose To notify agencies of the 2018 maximum salary limit for … limitations on benefits and contributions under qualified retirement plans, the annual compensation limit under Section … 408 (k) (3) (C), and 408 (k) (6) (D) (ii) will increase to $275,000 for the 2018 plan year, which is the calendar …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1623-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedNYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … the quarter with an estimated value of $267.8 billion. “Market volatility brought returns down from their heights … in the year, but the Fund remains on a pace to generate solid returns overall,” DiNapoli said. “We’ll continue to …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: 27 NY Local Governments Persistently Delinquent in Filing Required Financial Data to the State
… as required, giving stakeholders information they can use to make financial decisions, a number do not,” DiNapoli said. “Failing to file for three or more … Vernon and Rensselaer), 11 towns and 7 villages – that have not submitted their AFR in at least three years, and the …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-27-ny-local-governments-persistently-delinquent-filing-required-financial-data-stateArchived: Legislative Session 2021–2022
… Services to notify, within 24 hours following the discovery of a data breach or receiving notice of a data …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022State Agencies Bulletin No. 1106
… fringe benefits such as the Certification, Licensure and Exam Fee Reimbursement are considered taxable income. … Program Effective Date(s) Institution paychecks dated December 1, 2011 Administration paychecks dated December 7, … The CLEFR amount will be reported on the employee’s Form W-2 in box 14 using FRB . Communication to Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1106-certification-licensure-and-exam-fee-reimbursement-clefr-2011State Agencies Bulletin No. 1200
… fringe benefits such as the Certification, Licensure and Exam Fee Reimbursement are considered taxable income. … in the PEF, M/C or CSEA Certification, Licensure and Exam Fee Reimbursement Program Effective Date(s) Institution …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1200-certification-licensure-and-exam-fee-reimbursement-clefr-2012State Agencies Bulletin No. 1035
… in the PEF, M/C or CSEA Certification, Licensure and Exam Fee Reimbursement Program Effective Date(s) Institution …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1035-certification-licensure-and-exam-fee-reimbursement-clefr-2010