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Overtime Temporarily Excluded from Tier 6 Contribution Rates
… they should for the upcoming fiscal year. What You Need to Do View Notification to Access Summary Page View the … process, refer to the Summary Page How-To Guide . If You Do Not Have Overtime Earnings to Report For the system to … recalculate rates or issue refunds again. What You Need to Do Beginning April 1 Sign in to Retirement Online . Click …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesMember Contributions
… 5.75% More than $100,000 6.00% Exceptions for ERS: New York State Correction Officers are not required to contribute … with the report that includes earnings for April). It’s important that you apply the new rates as of April 1, 2025. …
https://www.osc.ny.gov/retirement/employers/member-contributionsRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… off your loan once you retire. The amount of your annuity reduction will be based on your age, your loan balance at … pay off your loan once you retire. The amount of your pension reduction will be based on your age, your loan … Age at Retirement Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $255 $10,000 $510 55 $5,000 $289 …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanContributing Toward Your Retirement – Article 14 Benefits
… be reported to us. Under Internal Revenue Code Section 414(h), effective October 1, 2013, your required 3 percent … reductions for any other tax-deferred plan. *IRC Section 414(h) does not apply to PFRS member contributions made prior …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementReport Types – Enhanced Reporting
… There are three report types you can submit in Retirement Online : the regular report, the adjustment report and the enroll/job report. You …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/report-typesOrdinary Death Benefit – Regional State Park Police Plan
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitOrdinary Death Benefit – En-Con Police Officers Plan
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is …
https://www.osc.ny.gov/retirement/publications/1822/ordinary-death-benefitBecoming a Participating Employer – What Every Employer Should Know
… Being part of NYSLRS allows municipal employers to offer workers … Note: Any municipality that employs a police officer or paid firefighter must participate in the Police and Fire … purchase, which would increase their pension benefits. The amount of the deficiency depends on your employees’ years of …
https://www.osc.ny.gov/retirement/employers/partnership/becoming-participating-employerAlternative and Out-of-Service Death Benefits – Regional State Park Police Plan
… beneficiary. … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …
https://www.osc.ny.gov/retirement/publications/1867/alternative-and-out-service-death-benefitsOpinion 88-75
… GENERAL MUNICIPAL LAW, §§800(3), 801, 802(1)(b), 802(2)(a): A city attorney who is an officer, employee, director or … be very costly, as well as time consuming, to the city for a new lawyer from the prior firm to become expert in the … subdivision 2(a) of section 802 provides an exception when an officer or employee has an interest by reason of …
https://www.osc.ny.gov/legal-opinions/opinion-88-75Tier 2, 3, 5 and 6 Death Benefits – Non-Contributory Plan with Guaranteed Benefits
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1513/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1511/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Career Plan
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1642/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – New Career Plan
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan
… before January 1, 2001 were given a choice between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and …
https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefitsClaims for Multiple Owners
… submit a claim if: your name (or entity) is listed as one of the owners in the Reported As field; and you have a … in the Owner Address field. See Claims on Behalf of Another Person if: your name is not listed but are … parent, custodian, guardian, conservator, trustee, holder of power of attorney (POA) or other legal representative of …
https://www.osc.ny.gov/unclaimed-funds/claimants/claims-multiple-ownersAlternate Contribution Stabilization Program
… increase or they may have to make an additional graded payment as rates decrease. Employers who wished to … any future amortizations that they intended to make. A new law enacted in April 2023 allows employers who have … going forward, you would not be required to make a graded payment, and you would not be able to amortize your annual …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programOverview – Enhanced Reporting
… Every month, you use Retirement Online to report your employees’ earnings and the number of … information, you submit adjustments through Retirement Online . You report this information using the enhanced …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/monthly-report/overviewReview Invoices, Purchase Orders and Payments
… Check the status of your recent transactions with New York State by logging … provided will tell you: who issued the payment and on what date, what invoices are associated with the payment or … log in to the Vendor Self-Service Portal in the Statewide Financial System: Log in Don't have an account? For …
https://www.osc.ny.gov/state-vendors/portalViewing Your GASB Report – Governmental Accounting Standards Board
… to comply with Statement No. 68 . Sign in to Retirement Online. From Account Homepage, click Access Billing Dashboard … contacts who need to view billing information. Retirement Online works best when viewed with Google Chrome or Microsoft …
https://www.osc.ny.gov/retirement/employers/gasb/viewing-your-gasb-report