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State Agencies Bulletin No. 1157
… To describe agency procedures for employee enrollment in Tier 6 retirement. Affected Employees Employees first joining a … and its effective date, the process will be implemented in stages. The legislation limits the amount of overtime that … To describe agency procedures for employee enrollment in Tier 6 retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1157-new-tier-6-benefit-structure-enrollment-following-retirement-systemsContributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)
… You are required to contribute toward your retirement. Tier 1, 2 and 3 Members If your employer has … 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 retire, …
https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirementGraded Rates – Contribution Stabilization Program
… System graded rates depends on the gap between the System average rate and the previous graded rate: If the gap is 1 percent or … by 1 percent in the direction of the System average rate. If the gap is less than 1 percent, then the …
https://www.osc.ny.gov/retirement/employers/csp/graded-ratesEstimated Invoice
… who need to view billing information. (Return to Top) Understanding Your Estimated Invoice Your estimated … State Fiscal Year April 1, 2024–March 31, 2025 (SFY 2024–25). To view the Fiscal Year Earnings used to calculate your … The amount changes with the interest rate. (Return to Top) When Graded Payments are Required or When You Can …
https://www.osc.ny.gov/retirement/employers/estimated-invoiceState Agencies Bulletin No. 1256
… the funds are held in escrow by OSC. A participant who does not complete the vesting period is entitled to a refund … period, the future contribution rate will be based on what the employee actually earned two years prior. A future … about the future contribution rate based on the “look back” period. OSC Actions New Retirement benefit plans …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1256-new-tier-vi-voluntary-defined-contribution-retirement-programRetirement Contribution Borrowing Limits
… 303 of the Laws of 2017 – A.8093 (Abbate) / S.6391 (Golden) – Establishes a cap on the amount that certain Tier 6 …
https://www.osc.ny.gov/legislation/retirement-contribution-borrowing-limitsPayroll Improvement Project Bulletin No. PIP-018
… 6 OT Limit V15 RTR Memo CPLT NYT/NBE/NYEBT6 225,000.00 NYC Plans Pensionable Earnings (No OT) Tier 6 Calendar Year … Salary V16 RTR Memo OTLmt NYT/NBE/NYEBT6 17,301.00 NYC Plans Overtime Earnings Tier 6 Calendar Year Tier 6 OT by … Year V17 RTR Memo CP NYT/NBE/NYEAFT/BEF 285,000.00 NYC Plans Pensionable Earnings Tiers 1-4 Calendar Year IRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-018-new-additional-pay-earns-codes-v-codes-payservState Agencies Bulletin No. 1814
… Purpose The purpose of this bulletin is to notify agencies of the 2019-2020 maximum salary contribution limit for Tier 6 members of PFRS (7W), and ERS (7Y). Background On … The purpose of this bulletin is to notify agencies of the 20192020 maximum salary …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1814-maximum-salary-contribution-limit-tier-6-members-following-new-yorkState Agencies Bulletin No. 961
… Purpose To provide agencies with procedures to populate retirement records in PayServ for employees who enroll in TRS. Affected … contributions. As a first step, OSC has revised the Retirement Plan Table in PayServ for Plan Type “7X” (TRS) to … To provide agencies with procedures to populate retirement records in PayServ for employees who enroll in TRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/961-new-tier-5-benefit-structure-new-york-state-teachers-retirement-systemEmployer Annual Invoice
… . Payment of your annual invoice is due by February 1, 2025. Since February 1, 2025 falls on a Saturday, we will … making your payment, you must email NYSLRS_Billing@osc.ny.gov the following information: Employer name Employer … Remittance/Billing NYSLRS 110 State St 2 nd Floor Albany, NY 12244-0001 If you use certified mail, we will use the date …
https://www.osc.ny.gov/retirement/employers/employer-annual-invoiceEmployer E-News Archive — 2023
… up to make sure you receive the latest Retirement System news. December 2023 Employers No Longer Need to Submit … Do in Case of a Data Security Incident New York Retirement News for Your Employees Switch to Enhanced Reporting NOW More … The latest Retirement System news for NYSLRS employers …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2023State Agencies Bulletin No. 962
… Purpose To provide agencies with procedures to populate retirement records in PayServ for employees who enroll in PFRS Affected … beyond those required. OSC Actions OSC has revised the Retirement Plan Table in PayServ for Retirement Plan Type … To provide agencies with procedures to populate retirement records in PayServ for employees who enroll in PFRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/962-new-tier-5-benefit-structure-new-york-state-police-and-fire-retirementTier 6 Defined Contribution Plan Option
… file an election during their first 30 days of employment. You must continue to inform your new employees of their right … information on the defined contribution plan option, go to the Retirement Plans page of SUNY’s website . From … click For Agency/Employer at the top of the page. You can also call the plan administrator at 518-320-1430. …
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionState Agencies Bulletin No. 1004
… agencies that OSC has modified the Retirement Plan Table in PayServ for Plan Type “7X” (TRS) in order to achieve compliance with the pensionable overtime … Paychecks dated 9/1/10 Background As previously announced in Payroll Bulletin No. 960, on December 10, 2009, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1004-tier-5-pensionable-overtime-earnings-limit-employees-enrolled-new-yorkState Agencies Bulletin No. 1005
… Purpose To notify agencies that OSC has modified the Retirement Plan Table in PayServ for Plan Type “7Y” (ERS) in order to achieve compliance with the pensionable overtime … To notify agencies that OSC has modified the Retirement Plan Table in PayServ for Plan Type 7Y ERS in order to achieve …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1005-tier-5-pensionable-overtime-earnings-limit-employees-enrolled-new-yorkSUNY Bulletin No. SU-234
To notify SUNY agencies of the new SUNY Police eligibility for the Police and Fire Retirement System PAF and provide instruction for transferring employee enr
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-234-state-university-police-officer-eligibility-police-andState Agencies Bulletin No. 146
… OK. Select Correct Empl Rcd # . Click on middle scroll bar. Press F7 key to insert row. Enter Begin Date . Tab to … . Tab to Election Options . Double click on Plan Type 7Y . Press Enter to Save Panel. Questions Contact the OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/146-employees-retirement-system-ers-tier-reinstatement-chapter-646-laws-1999State Agencies Bulletin No. 942
… Plans page in PayServ for affected employees of the State Police (Agencies 01060 and 01069). Affected Employees Employees of the State Police who join the Police and Fire Retirement System on or after July 1, 2009 … Plans page in PayServ for affected employees of the State Police Agencies 01060 and 01069 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/942-mandatory-3-retirement-contribution-certain-tier-2-members-new-yorkDiNapoli Announces Decrease in Pension Contribution Rates for FY 2016-17; Lowers Assumed Rate of Return
… will decrease for fiscal year 2016-17 and the assumed rate of return for NYSLRS will be lowered from 7.5 percent to 7 percent. The average contribution rate for the Employees' Retirement System (ERS) will decrease … or about 15 percent. While the average contribution rate for the Police and Fire Retirement System (PFRS) will …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-announces-decrease-pension-contribution-rates-fy-2016-17-lowers-assumed-rate-returnOverview – Contribution Stabilization Program
… are eligible to amortize. If you are eligible, you can opt into the program now or in the future by submitting a … NYSLRS public employers can participate in the Contribution Stabilization Program for …
https://www.osc.ny.gov/retirement/employers/csp/overview