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Operational Advisory No. 2
… be approved by the end of the Fiscal Year, will be deleted in accordance with the schedule provided in the Fiscal Year End guidance. For more information, see … lapsed, will be deleted according to the schedule provided in the Lapsing guidance. For more information see the GFO , …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/2-sfs-transaction-deadlinesXIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… investments. This permits investment decisions to be made based on the assets and liquidity needs of the checking … Accounting for STIP Investments STIP investments managed by the Office of the State Comptroller are recorded in a … maturing investments. All investment purchases that are made are recorded with an investment account code in Fund …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipState Agencies Bulletin No. 862
… has been established to provide agency payroll staff with assistance for urgent questions and issues on payroll …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/862-new-telephone-hotline-earnings-payroll-related-emergenciesIX.12.Q Annual ALN (Assistance Listing Number) Confirmation for Schedule of Expenditures of Federal and Non-Cash Awards – IX. Federal Grants
… certain state agencies to confirm that disbursements for all Federal programs that they administer are accurate … certain state agencies to confirm that disbursements for all Federal programs that they administer are accurate …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12q-annual-cfda-confirmation-schedule-expenditures-federal-and-non-cash-awardsInflation in the New York City Metropolitan Area
… April 21, 2022 PDF Version Last week, the U.S. Bureau of Labor Statistics (BLS) released new data … and 6.1 percent in the New York City Metropolitan Area (NYC metro area) in March 2022 compared to the same month a …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaAdministrative Hearings
… inclement weather that prevents all reasonable travel. It does not include any event that can be prevented or mitigated … not already used two adjournments, and You were unable to make a timely request. NYSLRS will not grant a third …
https://www.osc.ny.gov/retirement/members/administrative-hearingsDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… New York State Comptroller Thomas P. DiNapoli today released an … fiduciary and conflict of interest review of the New York State Common Retirement Fund (Fund) that commended the … nsion/NYSCRF_Fiduciary_and_Conflict_of_Interest_Review_2016.pdf About the New York State Common Retirement Fund The New …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDeath Benefits
… your beneficiaries may be entitled to receive a death benefit after you die. When you became a NYSLRS member, you … System (ERS) Tiers 2, 3, 4, 5 and 6 Your last year’s earnings multiplied by your years of service credit, not to … death benefit may also be payable. (Return to Top) The Survivor’s Benefit Program The Survivor’s Benefit Program for …
https://www.osc.ny.gov/retirement/members/death-benefitsDirect Deposit Program
… using direct deposit yet? Don’t wait to receive a check in the mail—direct deposit is fast, convenient and secure. Sign up for direct deposit now and get your money sooner. …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programCost-of-Living Adjustment – Police and Fire Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentAdditional Service Credit for Sick Leave (Section 341[j]) – En-Con Police Officers Plan
… and Social Security Law, you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, …
https://www.osc.ny.gov/retirement/publications/1822/additional-service-credit-sick-leave-section-341jCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… you meet the eligibility requirements, including age and number of years retired, your retirement benefit will … (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten … allow for retirement, regardless of age, after a specific number of years); or Receiving a disability pension for five …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentRetiring with an Outstanding Loan – State Police Plan
… The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of … pay off your loan once you retire. The amount of your pension reduction will be based on your age, your loan … 55 $5,000 $208 $10,000 $417 60 $5,000 $236 $10,000 $472 … State Police Plan information for PFRS Tier 2 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanCost-of-Living Adjustment – Career Plan
… for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Under Section 341[j] of the Retirement and Social Security Law (RSSL), you may receive service … to be vested, your sick leave credit cannot be used to reach the five years. Qualify for a better retirement benefit … have 20 years, your sick leave credit cannot be used to reach the 20 years. Increase your pension beyond the maximum …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jCost-of-Living Adjustment – New Career Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustmentCost-of-Living Adjustment – Non-Contributory Plan with Guaranteed Benefits
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1513/cost-living-adjustmentAbout the Common Retirement Fund – What Every Employer Should Know
… stakeholder, it is important for you to be familiar with the Common Retirement Fund (Fund), which holds and invests … York State Comptroller Thomas P. DiNapoli is the trustee of the Fund, which was established to hold all the assets and … Comprehensive Financial Report . Rev. 2/23 … What every employer should know about NYSLRS what it means to …
https://www.osc.ny.gov/retirement/employers/partnership/about-common-retirement-fundMember Outreach and Presentations
… Services We Offer Pre-Retirement Presentation (Webinar) A NYSLRS representative will provide an interactive 1-2 hour … for members who are within 5 years of retirement to learn about: Their NYSLRS pension and how their pension benefit will be calculated; Preparing to …
https://www.osc.ny.gov/retirement/members/member-outreach-presentationsLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… receive if you die while working for a public employer or after you retire (death benefits); Benefits you can receive … disability or death. It is important that you maintain an up-to-date understanding of your Retirement System and the … be divided between you and your ex-spouse. However, it does not allow for a distribution of your pension until you …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80