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Ordinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to a monthly pension benefit.The first $50,000 of this …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefitThe Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… As a Tier 1 member, you will be eligible for a service retirement benefit when you reach age 60 and have five or … you work for an employer that offers a special retirement plan, you must retire by the first day of the month following …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planOrdinary Death Benefit – Career Plan
… to your designated beneficiary if you have completed at least one year of service since last joining the …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-death-benefitOrdinary Death Benefit – State Police Plan
… benefits (up to two years, with a possible extension for two additional years, following the last date you were … has not been terminated by resignation, employer action, retirement or any other means while receiving those benefits; …
https://www.osc.ny.gov/retirement/publications/1518/ordinary-death-benefitOrdinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to a montly pension benefit. The first $50,000 of this …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefitStamford Central School District – Fund Balance Management (2022M-199)
… the Stamford Central School District (District) Board of Education (Board) and officials effectively managed fund … the 2019-20 through 2021-22 fiscal years by an average of $1.4 million (14 percent) and planned to use fund balance … fund balance exceeded the 4 percent statutory limit in two of the last three fiscal years by approximately $700,000 (6.8 …
https://www.osc.ny.gov/local-government/audits/school-district/2023/04/14/stamford-central-school-district-fund-balance-management-2022m-199Comptroller DiNapoli's Legislative Program
… committee, during an active government procurement. Makes Unclaimed Child and Spousal Support Payments Interest … S.8253 (Brisport) - Allows for the payment of interest on unclaimed spousal and child support. Deposit Placement … – S.8406 (Sanders) - Increases the maximum amount of funds on deposit at a community banking institution to thirty …
https://www.osc.ny.gov/legislationCompliance With Executive Order 88 – Energy Efficiency of State Buildings
… with the Guidelines. However, OGS relied on the Sheridan Avenue Project to provide the majority of its energy savings. … Develop a contingency plan to replace the Sheridan Avenue Project. Continue implementing capital projects that …
https://www.osc.ny.gov/state-agencies/audits/2019/09/09/compliance-executive-order-88-energy-efficiency-state-buildingsCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… NY– the Executive’s program for pursuing energy efficiency in certain New York State government buildings while … growth, environmental protection, and energy security in the State. EO 88 is intended to accomplish broader State … State government utility expenses, fostering investment in smart buildings, protecting the environment and public …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… System Survivor’s Benefit Program 110 State Street Albany, NY 12244-0001 (Return to Top) Final Average Salary (FAS) Your …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80DiNapoli: NYC Projects Surplus in the Current Year but Faces Budget Risks in the Years Ahead
… but the city faces significant budget gaps and risks in the coming years, according to a report released today by … budget gaps projected for fiscal years 2020 through 2022. In addition, the city faces the prospects of future risks, … economy is still strong, it appears more vulnerable than in recent years." New York City added 715,000 jobs between …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-nyc-projects-surplus-current-year-faces-budget-risks-years-aheadState Agencies Bulletin No. 1695
… age 50 and over. These employees can defer up to $6,000 in catch-up contributions in addition to their regular contribution amount for a combined total contribution limit of $25,000 in 2019. SUNY participants with deduction codes 404 & 412 are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1695-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1528
… To explain why the Retirement Plan check box in Box 13 of Form W-2 must be checked for most employees and left … for others. Affected Employees Employees receiving a 2016 Form W-2 Effective Date(s) Immediately Background Internal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1528-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-calendar-yearState Agencies Bulletin No. 1441
… of New York employees are considered covered and will have the Retirement Plan check box checked on their 2015 Form W-2. Exceptions to Checking the Retirement … 590-A, limits on the amount that can be deducted do not affect the amount that can be contributed. The IRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1441-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-calendar-yearState Agencies Bulletin No. 1114
… record update process and provide data entry instructions for entering SRA and TDA deductions to ensure compliance with … annual contribution amount will increase to $17,000 for 2012. An additional deferment is available to employees … in addition to their regular contribution amount for a combined total contribution limit of $22,500 in 2012. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1114-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1369
… record update process and provide data entry instructions for entering SRA and TDA deductions to ensure compliance with … contribution amount will increase from $17,500 to $18,000 for 2015. An additional deferment is available to employees … in addition to their regular contribution amount for a combined total contribution limit of $24,000 in 2015. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1369-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaStart Saving for Retirement
… market returns average about 10 percent a year. As you get closer to retirement, you should develop a plan to … your retirement savings. A withdrawal plan will give you a better grasp of the income you can expect and how long it … are tax-free. With your retirement savings, you get to decide how much to save and how to invest it. The key …
https://www.osc.ny.gov/retirement/members/saving-for-retirementState Agencies Bulletin No. 1215
… record update process and provide data entry instructions for entering SRA and TDA deductions to ensure compliance with … annual contribution amount will increase to $17,500 for 2013. An additional deferment is available to employees … in addition to their regular contribution amount for a combined total contribution limit of $23,000 in 2013. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1215-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaDiNapoli: New York City Budget Surplus on Pace to Grow Another $2.4 Billion from April Projections
… and strengthen its fiscal foundation to remain attractive for residents and visitors and continue to create economic … billion FY 2023 Budget - $104.9 billion when adjusted for surplus transfers - and Financial Plan (the “April Plan”) … $200 million deposit into its Rainy Day Fund (RDF) for FY 2022. Since the April Plan, tax collections, fueled by …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-city-budget-surplus-pace-grow-another-24-billion-april-projectionsDiNapoli: NYRA's Future Uncertain
… to NYRA’s racing-related deficits. “NYRA relies on Video Lottery Terminals to stay in the black, but that revenue stream isn’t guaranteed to … a plan, NYRA’s long term solvency could be a long shot.” In September 2008, upon renewal of its exclusive franchise, …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-nyras-future-uncertain