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Employer Contributions and Rates – Employer Contributions and Rates

Membership Milestones for Employees’ Retirement System (ERS) Members

… covered under, there are important milestones you need to know. Understanding your milestones will help you develop … tier from the Contents on the left or scroll down to see how your years of service affect your retirement benefits. … vested and are entitled to a monthly benefit that may start as early as age 55. (You will forfeit the monthly …

Straight Talk About Financial Planning For Your Retirement

… It includes information about your retirement benefits, as well as tips on how to develop a well-rounded financial plan. Your … two months. Include expenses that occur periodically, such as car and life insurance, and property and school taxes. … publication includes information about NYSLRS benefits as well as financial planning tips …

Travel Advisory No. 7

… for 2018.  The standard rate for personal vehicle mileage is $.545, for motorcycle mileage is $.515 and moving mileage rate of $.180. Reference: Guide to Financial Operations Chapter XIII, Section 4.C -Travel …

Travel Advisory No. 13

… Subject: Updated Mileage Rates Guidance: The Internal Revenue Service and the U.S. … Services Administration issued new standard mileage rates for 2025.  The standard rate for personal vehicle … $0.68. References: Chapter XIII Section 4.C Travel Mileage Rates … Updated IRS Mileage Rates …

Retiring with an Outstanding Loan – State Police Plan

… benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity … loan application and Retirement Online provide examples of how much your reduction would be. Tier 5 and 6 Members If you …

Additional Benefits after 20 Years (Sections 384-e and 384-e [b]) – Special 20- and 25-Year Plans

… you are automatically covered. If your employer chooses to adopt the benefits for a limited period of time, and you … be eligible for them. Note: This benefit is not available to Tier 3 members. The Section 384-e Benefit This provides an …

More About This Retirement Plan – Police and Fire Plan

… and Fire Retirement System members. (There is no Tier 4 in the Police and Fire Retiremenet System.) These benefits … 8, 2010 are covered under Article 14. The information in this publication does not apply to you. Throughout this publication, you will …

Service Retirement Benefits – Special 20- and 25-Year Plans

… What is the pension benefit calculation for Section 383-e? Members with … a maximum of 62% of their FAE. Section 383-e is a 20-year plan, for Tier 5 and 6 members only . What is the pension … 3 members only. Do members in the Section 383-e or 383-f retirement plan have a backup plan? Yes, members within …

State Agencies Bulletin No. 1751

… Purpose To notify agencies of the 2019 maximum salary limit for Tier … 408 (k) (3) (C), and 408 (k) (6) (D) (ii) will increase to $200,000 for the 2019 plan year. Affected Employees … dated June 26, 2019 OSC Actions OSC will update PayServ to reflect the Maximum Salary Limit for the 2019 plan year. …

FSMS Southern Tier New York Region

FSMS Southern Tier New York Region

Overtime Limits – Enhanced Reporting

… and Social Security Law limits the amount of overtime pay included in the calculation of pension benefits. Overtime … earnings (regular earnings, shift differential pay, location pay, longevity payments and top of pay grade bonus) from the … NYSLRS members have annual limits as to how much overtime pay is considered pensionable …

DiNapoli: State Pension Fund Value $206.9 Billion

… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …

Tier Status – Coordinated Plan For ERS Tier 5 Members

… information for ERS Tier 5 members under Article 15 Tier Status …

Tier Status – Coordinated Plan For ERS Tier 3 and 4 Members

… for ERS Tier 3 and 4 members under Articles 14 and 15 Tier Status …

Tier Status – Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan for ERS Tier 3, 4, 5 and 6 Members

… Undersheriffs Deputy Sheriffs Special Plan information for ERS Tier 36 members under Article 14B Sections 551 552 …

Tier Status – Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan for ERS Tier 1 and 2 Members

… 1 2 members under Article 14B Sections 551 552 553 Tier Status …

Tier Status – Coordinated Plan for ERS Tier 6 Members

… Plan information for ERS Tier 6 members under Article 15 Contributing Toward Your Retirement …

Tier Status – State Correction Officers and Security Hospital Treatment Assistants Plan

… for ERS Tier 3 5 and 6 members under Article 14CO Tier Status …

Tier Status – State Correction Officers and Security Hospital Treatment Assistants Plan

… info for ERS Tier 1 and 2 members under Section 89 Tier Status …