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State Agencies Bulletin No. 2116
… Employees Employees who are Tier 5 members of PFRS, Plan Type 85, or ERS, Plan Type 87, are affected. Background In accordance with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2116-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireState Agencies Bulletin No. 2087
… (k) (6) (D) (ii) will increase to $330,000 for the 2023 calendar year for ORP and VDC Tier 1 through 6 plan … update PayServ to reflect the Maximum Salary Limit for calendar year 2023. PayServ will automatically stop ORP and … will resume the first paycheck of the following calendar year. Questions Questions regarding this bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2087-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryState Agencies Bulletin No. 2024
… Employees Employees who are Tier 5 members of PFRS, Plan Type 85, or ERS, Plan Type 87, are affected. Background In accordance with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2024-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireState Agencies Bulletin No. 1846
… is to notify agencies of the 2020 maximum salary limit for Tier 6 members of NYCTRS (7S), NYCBERS (7T), NYCERS (7U), and … the 2020 plan year. Affected Employees Employees who are Tier 6 members of NYCTRS, NYCBERS, NYCERS, or NYSTRS are … is to notify agencies of the 2020 maximum salary limit for Tier 6 members of NYCTRS 7S NYCBERS 7T NYCERS 7U and NYSTRS 7X …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1846-maximum-salary-contribution-limit-tier-6-members-following-new-yorkState Agencies Bulletin No. 2226
… Purpose: The purpose of this bulletin is to notify agencies of the maximum salary limit for Tier 5 members of PFRS and ERS for fiscal year 2024. Affected Employees: … The purpose of this bulletin is to notify agencies of the maximum salary limit for Tier 5 members of PFRS and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2226-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireState Agencies Bulletin No. 2319
… limit for Tier 5 members of PFRS and ERS for fiscal year 2025. Affected Employees: Employees who are Tier 5 members of … 408(k)(6)(D)(ii) will increase to $350,000 for fiscal year 2025. Effective Dates: Effective beginning Institution paychecks dated April 3, 2025, and Administration paychecks dated April 9, 2025. OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2319-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireMembership Milestones for Police & Fire Retirement System (PFRS) Members
… Contents on the left or scroll down to see how your years of service affect your retirement benefits. For specific … job-related death and disability benefits. After 90 days of service credit, you are covered by a non-job-related death benefit. With 5 years of service credit, you become vested and are entitled to a …
https://www.osc.ny.gov/retirement/members/membership-milestones-police-fire-retirement-system-pfrs-membersPublic Safety Overtime
… In response to questions we’ve received from employers who are seeking … been established to help employers determine what overtime is reportable and pensionable. As of July 1, 2019, public safety overtime that is paid by a public entity, and meets other requirements, is …
https://www.osc.ny.gov/retirement/employers/public-safety-overtimeDiNapoli Releases Report on Casinos' Impact on Upstate Local Tax Revenues
… From 2017 to 2022 New York’s four licensed casinos brought $176 million in gaming tax revenue to host and regional local governments, but only the three … host casinos realized significant fiscal benefits relative to their overall revenue, a report from State Comptroller …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-releases-report-casinos-impact-upstate-local-tax-revenuesDiNapoli Releases Interactive Map of Local Census Results
… based on 2020 Census data and an interactive online map that breaks down population statistics by age, race and … based on 2020 Census data and an interactive online map …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-releases-interactive-map-local-census-resultsMore About This Retirement Plan – Police and Fire Plan
… joined July 1, 2009 through January 8, 2010 are covered under Article 14. The information in this publication does … publication is a general summary of membership benefits, rights and responsibilities, and is not a substitute for any …
https://www.osc.ny.gov/retirement/publications/1512/more-about-retirement-planRetiring with an Outstanding Loan – State Police Plan
… portion of your retirement benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanState Agencies Bulletin No. 1751
… To notify agencies of the 2019 maximum salary limit for Tier 6 members of NYCTRS (7S), NYCBERS (7T), NYCERS (7U), … the 2019 plan year. Affected Employees Employees who are Tier 6 members of NYCTRS, NYCBERS, NYCERS, PFRS, NYSTRS or … To notify agencies of the 2019 maximum salary limit for Tier 6 members of NYCTRS 7S NYCBERS 7T NYCERS 7U PFRS 7W …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1751-maximum-salary-limit-tier-6-members-following-retirement-systemsAdditional Benefits after 20 Years (Sections 384-e and 384-e [b]) – Special 20- and 25-Year Plans
… year of creditable service beyond 20 years. If you are age 55 at retirement and your regular plan would provide a …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-20-years-sections-384-e-and-384-e-bService Retirement Benefits – Special 20- and 25-Year Plans
… 3 members only. Do members in the Section 383-e or 383-f retirement plan have a backup plan? Yes, members within … 375-h as a backup plan. If you are age 55 or older at retirement and your backup plan would provide a greater …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsMembership Milestones for Employees’ Retirement System (ERS) Members
… a sound financial plan. Select your tier from the Contents on the left or scroll down to see how your years of service affect your retirement benefits. For … and receive a refund of your contributions. With 20 years of service credit, your annual benefit at retirement …
https://www.osc.ny.gov/retirement/members/membership-milestones-employees-retirement-system-ers-membersWhat is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: State Pension Fund Value $206.9 Billion
… today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.35 percent return on investments … in the state fiscal year that ended on March 31, 2018. The Fund ended the year with an estimated value of $206.9 … today announced that the New York State Common Retirement Fund earned an estimated 1135 percent return on investments …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionState Agencies Bulletin No. 1114
… Purpose To inform agencies of OSC ‘s annual record update process and provide data entry instructions for … deduction code in the employee’s General Deduction Data record. All information will roll up on the newly inserted … SRA/TDA deduction in the employee’s General Deduction Data record and override the Deduction Amount/Percent to reflect …
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
… currently have any of the following SRA or TDA deductions: Deduction Code Narrative Description 403 Supplemental Ret … currently have any of the following SRA or TDA deductions: Deduction Code Narrative Description 404 Supplemental Ret … employee’s current biweekly deferral election. The regular maximum contribution amount of $18,000 for 2015 in the Goal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1369-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tda