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DiNapoli: Property Tax Exemptions Top $450 Billion
… In this category, the state's School Tax Relief program (STAR) – which applies to a large portion of owner-occupied … outside of New York City – represents the majority share. STAR accounted for 2.4 million partial exemptions in 2016, … of all exempted value. However, unlike other exemptions, STAR creates no direct additional burden on other local …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-property-tax-exemptions-top-450-billionPartial Lump Sum (PLS) Payment at Retirement — For Eligible NYSLRS Members
… Lump Sum (PLS) distribution is a single payment equal to a percentage of the value of your pension benefit at … to Top) How Much Will I Receive? A PLS payment is a percentage of the value of your retirement benefit at the … you’ve been eligible to retire PLS payment options, as a percentage of your retirement benefit 1 5% 2 5 or 10% 3 5, 10 …
https://www.osc.ny.gov/retirement/members/partial-lump-sum-paymentMember Contributions
… Online . To view contribution rates for State Fiscal Year 2026-27 (April 1, 2026–March 31, 2027): Sign in to Retirement … John Smith, who joined NYSLRS with a date of membership of June 1, 2023 (John is in Tier 6). At enrollment, you provided … voluntary contributions, the member must: Complete the Election to Make Voluntary Contributions (RS5379) form . File …
https://www.osc.ny.gov/retirement/employers/member-contributionsContract Submission System Guide for Public Authority Users
… transaction which requires approval. As a CSS user, you can: Enter the State authority's contract details and attach … CSS was tested with the following browsers: Microsoft Edge Google Chrome Please ensure that Java and Java Scripting are … been attached (uploaded) is displayed in this section. To download (view) or delete an attachment, choose the …
https://www.osc.ny.gov/state-agencies/contracts/contract-submission-system-guide-public-authority-usersMilitary Service Credit
… with all New Yorkers, owe you a debt of gratitude for your service to our country. As a past or present member of the … should know that you may be eligible to receive additional service credit toward your retirement benefit for your military service. This brochure can help you determine if you are …
https://www.osc.ny.gov/retirement/publications/military-service-creditForms
… and update their contact information. Designation of Beneficiary To change your beneficiary information. Learn more about … To change your name. (RS5483, Rev. 4/24) (Return to Top) Membership and Contributions Retirement Online is the fastest …
https://www.osc.ny.gov/retirement/formsMember Outreach and Presentations
NYSLRS Services and Requests
https://www.osc.ny.gov/retirement/employers/member-outreach-and-presentationsAdministrative Hearings
… service credit, you are entitled to an administrative hearing. If you are denied a benefit, you will receive a … or request has been denied. If you wish to request a hearing, the NYSLRS Hearing Administration Bureau must … An overview of the NYSLRS Hearing Administration Bureau procedures on adjournments …
https://www.osc.ny.gov/retirement/members/administrative-hearingsPublications
… and retirement plan determine your benefits. The best way to find your specific retirement plan publication is to visit our Find Your NYSLRS Retirement Plan Publication … the steps listed on the page. You can also contact us for help finding your plan publication. ERS Retirement …
https://www.osc.ny.gov/retirement/publicationsThe Survivor’s Benefit Program for New York State Management / Confidential Employees
… the Survivor’s Benefit Program. (Return to Top) Does divorce affect my beneficiary designation? If you are … the survivor’s benefit, are automatically revoked when a divorce, annulment or judicial separation becomes final, … (DRO) specify otherwise. For more information about how divorce may affect retirement benefits, visit our Divorce and …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-nys-management-confidential-employeesFiscal Year Earnings and Prior Years’ Adjustments
… Overview You can view your fiscal year earnings and prior years’ … Fiscal Year Earnings Prior Years’ Adjustments (PYAs) You can download fiscal year earnings and prior years’ … spreadsheet. Only employees with the Billing Security Role can access the Billing Dashboard. Your Security Administrator …
https://www.osc.ny.gov/retirement/employers/fiscal-year-earnings-and-prior-years-adjustmentsDiNapoli: Wall Street Profits Surge Again, Giving New York a Fiscal Boost
… pretax profits of the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are 130 NYSE member firms, down from more than 200 in 2007 before the …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-wall-street-profits-surge-again-giving-new-york-fiscal-boostCost-of-Living Adjustment
… to help offset the impact of inflation. Once you are eligible , you automatically receive a COLA increase each … 3 percent annually. This Year’s COLA Increase The COLA for September 2025 through August 2026 is 1.2 percent. The … stub online. Sign in to Retirement Online . Look under I want to… (located at the top right). Click View Pension …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentPost-Retirement Reporting
… If you submitted your December 2024 report using enhanced reporting, no action is required. You already report retirees … the necessary information to comply with the annual reporting requirement. Otherwise, to comply with these reporting requirements, use the Post-Retirement Reporting …
https://www.osc.ny.gov/retirement/employers/post-retirement-reportingEarnings Limits
… earnings (FAE) , which is used to determine your NYSLRS pension, may be limited. If you earn more than the limit, it will not be factored into your pension and your employer should not withhold member … 401(a)(17) limits the earnings used in the calculation of pension benefits. The amount is set by federal law and …
https://www.osc.ny.gov/retirement/members/earnings-limitsEstimate Your Pension
… important part of retirement planning . Use Retirement Online to Estimate Your Pension Most members can estimate … To get started: Sign in to Retirement Online . Look under My Account Summary . Click Estimate My Pension Benefit button. Retirement Online uses your …
https://www.osc.ny.gov/retirement/members/estimate-your-pensionService Credit for Tiers 2 through 6
… with a participating employer. You may also be able to receive additional service credit for public employment … to Top) Additional Service Credit You may be able to receive additional service credit for public employment … for more details about additional service.) If you wish to receive credit for additional service, you must request …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6The Survivor’s Benefit Program for New York State Employees
… notify the Survivor’s Benefit Program. (Return to Top) Divorce If you are divorced, it is especially important to … including the survivor’s benefit, are revoked when a divorce, annulment or judicial separation becomes final, … Order (DRO) specify otherwise. For information about how divorce may affect retirement benefits, visit our Divorce and …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-nys-employeesDiNapoli Applauds Top Court Ruling Reaffirming Audit Powers
… P. DiNapoli today applauded the unanimous Court of Appeals decision in South Island Orthopaedic Group v. DiNapoli, which … the public’s money is spent,” DiNapoli said. “The court’s decision recognizes the importance of our independence in … in order to protect taxpayer dollars.” A copy of the full decision is available here: …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-applauds-top-court-ruling-reaffirming-audit-powersTaxes – 2021 Financial Condition Report
… State Tax Collections Decreased Slightly in SFY 2020-21 from $82.9 Billion to $82.4 Billion In SFY 2020-21, reported New York State tax collections … 10.6 percent from the previous year. A 24.4 percent growth in personal income tax collections, buoyed by an estimated …
https://www.osc.ny.gov/reports/finance/2021-fcr/taxes