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Repaying Your NYSLRS Loan after Retirement
… Chapter 426 of the laws of 2018 allows Employees’ Retirement System (ERS) retirees who retired with an … payment — you cannot make partial payments. How Much Will My Pension Increase If I Repay the Loan? When you retired, …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirementDiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… are confronted with one urgent task: They must come to a bipartisan agreement on the next installment of federal stimulus legislation. … down by $45.8 million from the previous year, including a drop of $35.9 million in Erie County. Already, the state …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19DiNapoli: State Needs To Do More for Growing Mental Health Crisis in Schools
… and limited oversight of mental health education for students, an audit by New York State Comptroller Thomas … upheaval caused by the COVID-19 pandemic created a crisis for many students in New York, but not enough is being done … intense school-related stress due to COVID-19. The Centers for Disease Control and Prevention reported that in 2020, …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-needs-do-more-growing-mental-health-crisis-schoolsOpinion 91-61
… and village justice courts must collect the additional one per cent (1%) fee on bail imposed under General Municipal … of the Executive Law (see §§261[1][e], 262). Subdivision two of General Municipal Law, §99-m provides that "[a] town … centum as provided herein " (emphasis added). Subdivision two further states that all fees on bail collected by a town …
https://www.osc.ny.gov/legal-opinions/opinion-91-61IX.3.A Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies - Pre-Award Spending Projects – IX. Federal Grants
… Overview Some NYS agencies do not receive Federal Grant Award Documents … against an award prior to receiving the GAD. Pre-Award Project Setup For these specific situations, the agency can …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix3a-establish-maintain-federal-grants-sfs-non-onboarding-agencies-pre-award-spending-projectsVoluntary Compliance Program
… compliance provides an opportunity for eligible holders of unclaimed funds to voluntarily report past due items. The Office of …
https://www.osc.ny.gov/unclaimed-funds/reporters/voluntary-compliance-programChallenging a Determination – Basic Plan with Increased-Take-Home-Pay (ITHP)
… authorized by law, and cannot pay you any benefits if you do not meet all the eligibility requirements established by …
https://www.osc.ny.gov/retirement/publications/1511/challenging-determinationMandatory vs. Optional Membership
… Membership in the Employees’ Retirement System (ERS) There are two types of membership in ERS, mandatory and optional. If you are a … employer that participates in the Retirement System, your membership is mandatory. Otherwise, membership prior to July …
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipDo Not Call Enforcement Efforts (Follow-Up) (2019-F-48)
To determine the extent of implementation of the three recommendations included in our initial audit report, Do Not Call Enforcement Efforts (Report 2017-S-55).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2020-19f48.pdfEmployer Projected Invoice
… organization for the State fiscal year ending March 31, 2025. You will receive an estimated invoice in July 2025 … be due February 1, 2026, or you will have the option to pay a discounted prepayment amount by December 15, 2025. … salary from the last fiscal year by the Projection Factor. Plan Rate Plan Rates, often referred to as employer …
https://www.osc.ny.gov/retirement/employers/employer-projected-invoiceLife Changes: What If I Leave Public Employment?
… participates in NYSLRS. (Return to Top) What Happens to My NYSLRS Membership? Find Out if You Are Vested If you leave … steps for your NYSLRS membership depend on your years of service and whether you are vested. Being vested means that you have enough years of service credit to qualify for a retirement benefit, even if you …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-leave-public-employmentWhat Tier Are You In?
… on your date of membership. To find out what tier you are in, sign in to Retirement Online and look under 'My Account Summary.' There are six tiers in the Employees’ Retirement System (ERS) and five in the …
https://www.osc.ny.gov/retirement/members/what-tier-are-youDiNapoli: MWBE Participation in the State’s Pension Fund Rose to All-Time High in State Fiscal Year 2020-21
… assets of approximately $254.8 billion as of March 31, 2021. The Fund holds and invests the assets of the New York …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-mwbe-participation-states-pension-fund-rose-all-time-high-state-fiscal-year-2020-21Overtime Temporarily Excluded from Tier 6 Contribution Rates
… law temporarily excludes overtime pay earned from April 1, 2022 through March 31, 2024 from the calculation of Tier 6 contribution rates. This may lower contribution rates for some Tier 6 members for … a link to the Summary Page, which lists the employees who may be impacted by the new law. Use this page to provide a …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesWhat to Expect from Us
… ownership is confirmed, you will receive a letter with the account details and amount of claim. Note that all items that …
https://www.osc.ny.gov/unclaimed-funds/claimants/what-expect-usNYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… New York City's economy is on pace to add more than 72,000 jobs in 2018 and … the largest in 10 years. The surplus, which was used to balance the FY 2019 budget, resulted mostly from a …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownEmployer Estimated Invoice
… system (ERS or PFRS), click Estimated Invoice link. Only employees with the Billing Security Role are able to access … worked reported to NYSLRS by your organization during the State fiscal year ending March 31, 2024. Adjustments to these … Data . The ‘divide-by factor’ represents the 45 days of interest you will save if you pay your annual invoice by …
https://www.osc.ny.gov/retirement/employers/employer-estimated-invoiceDiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… the Office of Temporary and Disability Assistance (OTDA) in implementing the state’s Emergency Rental Assistance … (46%), with the majority located in New York City (63% of all state rental households). The pandemic has had a more … more than 30 percent of income on rent. Hispanic and Black households make up disproportionate shares of New York …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskMaking Adjustments to Earnings and Days Worked – Enhanced Reporting
… earnings or days worked, submit an adjustment using Retirement Online . Adjustments can be included in your … also be notified of their deficiency SCP in a letter from NYSLRS. Do not send payment for the employer portion of any …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/making-adjustments-earnings-and-days-workedHow to Make a Vendor Responsibility Determination
… capacity and controls; appropriate legal authority to do business in New York; a satisfactory record of … contracts. You should consider any information that comes to your attention and work with the vendor to address any negative information. Things to keep in mind: …
https://www.osc.ny.gov/state-vendors/vendrep/how-make-vendor-responsibility-determination