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Employer Estimated Invoice
… provided in November. Payment will be due by February 1, 2025, or you will have the option to pay a discounted … amount by December 15, 2024. Note: Both February 1, 2025 and December 15, 2024 fall on a weekend. Detailed … invoice by December 15, 2024 instead of by February 1, 2025. This amount changes with the interest rate. When …
https://www.osc.ny.gov/retirement/employers/employer-estimated-invoiceOvertime Limits – Enhanced Reporting
… reset your employees' overtime earnings to $0.00 in your payroll system and begin tracking year-to-date totals if the …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsAbout Filing the Resolution – Reporting Elected and Appointed Officials
… Account Homepage. What do I do? What if I do not see all of the elected and appointed officials who are listed on the … or delete information once you have certified it. If you need to correct previously submitted information, you should … Resolution and certify it one member at a time. You don’t need to certify all the members listed on a Resolution at …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/about-filing-resolutionAdditional Service Credit for Sick Leave (Section 341[j]) – En-Con Police Officers Plan
… for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, you must retire directly … be used to: Qualify for vesting. For example, if you have four years and ten months of service credit and you need … better retirement benefit calculation. For example, if you have 19½ years of service credit but your pension will …
https://www.osc.ny.gov/retirement/publications/1822/additional-service-credit-sick-leave-section-341jRetiring with an Outstanding Loan – State Police Plan
… will be based on your age, your loan balance at retirement and the type of retirement (service or disability). The loan … loan balance at retirement. The approximate reductions are for calendar year 2021. The amount of the reduction changes … $5,000 $236 $10,000 $472 … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Borrowing …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Social Security Law (RSSL), you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, you must retire directly from public … sick leave days (which cannot exceed 165) by 260. Credit for your unused sick leave at retirement cannot be used to: …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jDisability Retirement Applications – When Employees Retire
… or someone authorized to file on the employee’s behalf. For example, the employee’s attorney, a power of attorney … Once we receive the specialist’s report, the case is reviewed. The Retirement and Social Security Law (RSSL) … application review and determination process including how employers file on behalf of employees …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirement-applicationsFull- and Part-Time Service Credit – Article 14 Benefits
… employer, we calculate your retirement service credit by subtracting your beginning date of employment from the date you actually leave paid … basis; and You earn at least the annual equivalent of New York State’s annual minimum wage for your full career …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditImportant Filing Reminders – Enhanced Reporting
… use adjustments when reporting either through Retirement Online or by paper form …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/important-filing-remindersOrdinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job … retired) members generally are not entitled to a monthly pension benefit.The first $50,000 of this benefit is paid in …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefitContributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)
… your employer provides). Since you are contributing less of your own money to the Retirement System, the annuity portion of your retirement benefit will be smaller. However, when you …
https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirementOrdinary Death Benefit – Career Plan
… to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job … retired) members generally are not entitled to a monthly pension benefit. The first $50,000 of this benefit is paid in …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-death-benefitOrdinary Death Benefit – State Police Plan
… Your beneficiary may be entitled to an ordinary death benefit if you meet the eligibility requirements and your … death benefit is a one-time, lump sum payment (your beneficiaries would not receive a monthly pension benefit). …
https://www.osc.ny.gov/retirement/publications/1518/ordinary-death-benefit25-Year Benefit (Section 384) – Special 20- and 25-Year Plans
… service, regardless of age. “Creditable service” is: Service as a firefighter or police officer under a 20- or … service, as specified by the RSSL. Note: This benefit is not available to Tier 3 members whose employers offer a … 90 days before your date of retirement. For information on how to apply for a service retirement benefit, read Applying …
https://www.osc.ny.gov/retirement/publications/1517/25-year-benefit-section-384Ordinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job … retired) members generally are not entitled to a montly pension benefit. The first $50,000 of this benefit is paid in …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefitOvertime Temporarily Excluded from Tier 6 Contribution Rates
… the top of the table. Please review carefully. Update your payroll system to withhold the correct amount beginning April …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesMember Contributions
… the Election to Make Voluntary Contributions (RS5379) form . File the election form with their payroll office. Your payroll office must: Complete the employer portion of the election form. Fax it to us at 518-486-4382 or mail it to the address …
https://www.osc.ny.gov/retirement/employers/member-contributionsRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… or disability). The loan application and Retirement Online provide examples of how much your reduction would be. …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanContributing Toward Your Retirement – Article 14 Benefits
… join the Retirement System, all salary and service earned in connection with all employment must be reported to us. … System. Therefore, the 3 percent contributions you make on or after October 1, 2013* are: Not reported as wages for … the New York State and Local Retirement System, and used in the calculation of all benefits paid by the Retirement …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementReport Types – Enhanced Reporting
… can also include: Adjustments; and Job status changes for existing employees. You can also submit an adjustment …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/report-types