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One-Year FAS – New Career Plan
… to, the following types of payments: Regular salary; Overtime;* Holiday pay; Noncompensatory overtime;* and Longevity payment. All payments must be earned … more than 20 percent. Any amount over 20 percent will be excluded from the calculation. *For Tier 5 members, the total …
https://www.osc.ny.gov/retirement/publications/1515/one-year-fasState Agencies Bulletin No. 951
… currently have any of the following SRA or TDA deductions: Deduction Code Narrative Description 403 Supplemental … Employees Employees who currently have the following TDA deduction: 432 ED TDA Copeland Effective Date(s) … employee’s current biweekly deferral election. The regular maximum contribution amount of $16,500 for 2010 in the Goal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/951-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaPension Payment Options
… prepare for retirement , it’s important to understand the pension payment options available to you, so you can make an … decision about your pension and whether to continue payments to a beneficiary upon your death. When you apply for … Life Allowance option for Tier 3, 4, 5 or 6 members. Cash Refund—Contributions option for Tier 1 or 2 members. …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsStraight Talk About Financial Planning For Your Retirement
… to help you understand your benefits and stay informed. Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook and follow us on Twitter for quick …
https://www.osc.ny.gov/retirement/publications/straight-talk-about-financial-planning-your-retirementState Agencies Bulletin No. 1078
… a later date. Employees should monitor the plan website or newsletter for future announcements regarding this feature. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1078-nys-deferred-compensation-plan-after-tax-roth-contributionsState Police Accidental Disability (Section 363-bb) – State Police Plan
… negligence; and In the service upon which your membership is based. If you are discontinued from this service, … medical exam will be paid for by the Retirement System. Notice of Accident You must file an application for an … include the time and place of the accident, the details of what happened, the nature and extent of your injuries and the …
https://www.osc.ny.gov/retirement/publications/1518/state-police-accidental-disability-section-363-bbLump Sum Payments – Legacy Reporting
… a lump sum payment for up to 30 unused vacation days in the calculation of a three-year final average salary. We add this lump sum payment to the member’s last year of earnings. We cannot include lump sum vacation payments in the calculation of a one-year final average salary. Tier 1 …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/lump-sum-paymentsOpinion 2005-5
… that bear on the issues discussed in the opinion. POLICE AND POLICE PROTECTION -- Police Chief (entitlement to increase in compensation when … Whether the police chief is entitled to a monetary payment in the amount …
https://www.osc.ny.gov/legal-opinions/opinion-2005-5Life Changes: What If I Leave Public Employment?
… If you do not end your membership, you must make loan payments directly to us since we will no longer be able to … Service (IRS) as an early distribution from a qualified pension plan. The amount reported could be considered taxable … of your contributions, your payment is reportable for federal income tax purposes and we are required to withhold …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-leave-public-employmentDivorce – Police and Fire Plan
… Relations Order (DRO) if we are to pay a portion of your pension to your ex-spouse. A DRO gives us specific direction … However, it does not allow for a distribution of your pension until you actually retire, die or terminate … may be revoked for the Ordinary Death Benefit, Cash Refund Initial Value option (Tier 1), Cash Refund …
https://www.osc.ny.gov/retirement/publications/1512/divorceMore About This Retirement Plan – State Police Plan
… This retirement plan summary describes the benefits available to Tier 2, 5 … covered by the special 20-year State Police retirement plan. (There is no Tier 4 in PFRS.) These benefits are provided by Section 381-b of the New York State Retirement and Social Security Law …
https://www.osc.ny.gov/retirement/publications/1518/more-about-retirement-planHomeownership Rates in New York
… Homeownership remains an important vehicle for building wealth, and reducing inequities in real estate practices and … has served as an important vehicle for Americans to build wealth, which occurs as home prices appreciate and equity … has also been important for building intergenerational wealth; for example, the Urban Institute finds children of …
https://www.osc.ny.gov/reports/homeownership-rates-new-yorkXIII.4.E Overnight Per Diem Rates – XIII. Employee Expense Reimbursement
… any month throughout the year. Since rates for travel to locations outside the continental United States are updated … frequently and New York State business travel to these locations is infrequent, the maximum allowances will only be … diems for prior periods. Since maximum rates for travel to locations outside the continental United States will only be …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4e-overnight-diem-ratesDiNapoli: New York's Labor Force Decreased Sharply During the Pandemic and Remains Below Pre-Pandemic Peak
… the 10-year period. Participation rates were lowest for Black workers and decreased from 60.3% in 2014 to a low of … the nation, New York has greater shares of workers who are Black (16.3% to 12.5%), Asian (10.3% to 6.3%), and Hispanic … 22.4%. In 2021, participation rates increased for Asian, Black and Hispanic workers, but continued to decline for …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-new-yorks-labor-force-decreased-sharply-during-pandemic-and-remains-below-pre-pandemic-peakState Agencies Bulletin No. 1695.1
… who currently have any of the following deductions: Deduction Code Narrative Description 400 CUNY 403 Roth 403 … who currently have any of the following deductions: Deduction Code Narrative Description 404 SUNY 403(b) Plan 412 … employee’s current biweekly deferral election The regular maximum contribution amount of $19,000 for 2019 in the Goal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/16951-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1621
… Purpose To inform agencies of OSC’s annual record update process and provide data entry … Affected CUNY Employees Employees who currently have any of the following SRA, TDA or 403 Roth deductions: Deduction … Affected SUNY Employees Employees who currently have any of the following SRA or TDA deductions: Deduction Code …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1621-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1880
… regular annual contribution amount will not increase for 2021 and will remain at $19,500. An additional deferment is … for a combined total contribution limit of $26,000 in 2021. An additional deferment is also available to CUNY (NYT … amount for a combined contribution limit of $29,000 in 2021. o SUNY participants with deduction codes 404 and 412, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1880-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1794
… have any of the following deductions are affected: Deduction Code Narrative Description 400 CUNY 403 Roth 403 … have any of the following deductions are affected: Deduction Code Narrative Description 404 SUNY 403(b) Plan 412 … employee’s current biweekly deferral election. The regular maximum contribution amount of $19,500 for 2020 in the Goal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1794-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaFSMS Southern Tier New York Region
FSMS Southern Tier New York Region
https://www.osc.ny.gov/files/press/pdf/fsms-regions-southerntier.pdfAccidental Disability – Police and Fire Plan
… job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … after contact with members of the public. Notice of Accident To be eligible for this benefit, you must have filed a written notice of the accident with: The Retirement System within 90 days of the …
https://www.osc.ny.gov/retirement/publications/1512/accidental-disability