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The Sentinel - Spring 2022
A semiannual newsletter for members of the Police and Fire Retirement System (PFRS).
https://www.osc.ny.gov/files/retirement/publications/pdf/sentinel-spring-2022.pdfAbout Statement No. 68 – Governmental Accounting Standards Board
… Reporting for Pensions : Requires employers participating in state and local government pension plans to report their proportionate share of the … GASB Statement No 68 requires employers participating in state and local government pension plans to report their …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-68Contributing Toward Your Retirement – Article 14 Benefits
… to contribute 3 percent of your gross earnings toward your retirement benefits for 25 years or until retirement, … distributed to you. These contributions are reportable for federal income tax only when you withdraw or retire from the … as wages for federal income tax; Reported as wages for New York State and local income taxes; Reported as wages for …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementActuarial Advisory Committee
… actuarial assumptions and employer contributions. Armand de Palo (Retired) Michael Heller (Retired) Edward Brown …
https://www.osc.ny.gov/common-retirement-fund/resources/actuarial-advisory-committeeIX.7.C Fringe Benefits and Indirect Costs – IX. Federal Grants
… government may request the negotiation of a separate rate for distinctive programs instead of using the standard rate … require a rate other than the standard rate, or require a waiver, agencies should enter a new waiver request in SFS which, once approved at the agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7c-fringe-benefits-and-indirect-costsRFP0003 – Banking Services for the New York State & Local Employees’ Retirement System
… Request for Proposals Issued by the Office of the State Comptroller … the following links: Request for Proposals (Amended 4/20/2026), in PDF Attachments for Proposal , (Amended 4/20/26), … RFP0003 Banking Services for the New York State Local Employees Retirement System …
https://www.osc.ny.gov/procurement/rfp0003State Agencies Bulletin No. 2350
… is to provide agency instructions for processing the 2025 CSEA ASU Work-Related Clothing Allowance for employees … Office of Employee Relations (OER) memorandum dated 06/05/2025 provides for a Work-Related Clothing Allowance. Effective Dates: The 2025 CSEA ASU Work-Related Clothing Allowance may be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2350-2025-work-related-clothing-allowance-asu-employees-title-racingCity of Little Falls – Budget Review (B25-3-9)
… million to liquidate deficits in its general, water and golf funds as of December 31, 2025. This debt can include the … sales, $1.6 million for sewer rents, and $138,500 for golf revenues. These revenues may not be reasonable. The …
https://www.osc.ny.gov/local-government/audits/city/2025/11/20/city-little-falls-budget-review-b25-3-9Division of Housing and Community Renewal Bulletin No. DH-80
… Bargaining Unit 67 DRP reductions is less than zero (0) in one or more record number Background As part of the New York State and RRSU for … 425 Repay State Loans/Debt 426 Higher Ed Repay State Loan 428 Dependent Care 433 Total Unemployment Ins Owed 500 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-80-repayment-rrsu-bargaining-unit-67-deficit-reductionState Agencies Bulletin No. 1472
… Code Description 410 Health Care Spending Account 420 NY Dependent Care Contribution 425 Repay State Loans/Debt 426 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1472-repayment-new-york-state-correctional-officers-police-benevolentOther Bulletin No. 24
… DRP reductions is less than zero (0) in one or more record numbers Background As part of the State University … is equal to Terminated, Retired or Deceased on all record numbers , the Earnings field is equal to the Goal Amount for … is equal to Terminated, Retired or Deceased on all record numbers , OSC will pay the balance of SCF CSEA DRP reductions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-24-repayment-state-university-construction-fund-scf-civilState Agencies Bulletin No. 1382
… which includes compensation for April 1, 2015. Effective Date(s) Repayment of the M/C DRP reductions will begin in the … Period/Type Pay Period Begin Date Check Date Institution 12 Current 09/01/2016 09/15/2016 Administration 12 Current 09/08/2016 09/21/2016 Institution 12 Lag …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1382-repayment-managementconfidential-mc-deficit-reduction-plan-drpState Agencies Bulletin No. 1381
… which includes compensation for April 1, 2015. Effective Date(s) Repayment of the PEF DRP reductions will begin in the … Period/Type Pay Period Begin Date Check Date Institution 12 Current 09/01/2016 09/15/2016 Administration 12 Current 09/08/2016 09/21/2016 Institution 12 Lag …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1381-repayment-public-employees-federation-pef-deficit-reduction-plan-drpState Agencies Bulletin No. 1376
… to the NYS Department of Tax and Finance, Division of Treasury, per instructions in Payroll Bulletin No. 908 . …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1376-repayment-agency-police-services-unit-apsu-deficit-reduction-plan-drpWhat is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … retirement assets are pooled, and the investment risk is shared. These plans are usually administered by …
https://www.osc.ny.gov/retirement/members/defined-benefit-planState Agencies Bulletin No. 2093
… LQ_RET_2_YR_LOOKBACK_VDC , provides employee earnings by Dept ID for the calendar year entered. If the query returns …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2093-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcInspector General
… DiNapoli's Executive Order established the Office of the Inspector General and empowered it to prevent, detect and … the Office and within the NYS Common Retirement Fund. The Inspector General vigorously investigates and pursues any … 8:00 a.m. to 4:00 p.m., to reach the Office of the Inspector General. To report fraud outside of OSC: …
https://www.osc.ny.gov/common-retirement-fund/resources/inspector-generalJoin Our Team as a Local Government Auditor
… degrees. While a degree in accounting is not required , you must have completed 24 hours of qualifying accounting … be eligible to apply for an entry-level auditor position where we will get you equipped with the skills and training you need. While …
https://www.osc.ny.gov/jobs/lgsaNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… Local Retirement System (NYSLRS) today announced employer contribution rates for the State Fiscal Year 2021-22 will … employees and death benefits to their survivors. “Employer contribution rates have gone down or remained relatively flat … Local Retirement System NYSLRS today announced employer contribution rates for the State Fiscal Year 202122 will …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22The Common Retirement Fund – Employer Contributions and Rates
… The New York State Common Retirement Fund (the Fund) holds and invests the money used to pay NYSLRS benefits. As the trustee of the Fund, New York State Comptroller Thomas P. DiNapoli is … The New York State Common Retirement Fund holds and invests the money used to pay NYSLRS …
https://www.osc.ny.gov/retirement/employers/contributions/common-retirement-fund