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The Common Retirement Fund – Employer Contributions and Rates
… valued at $273.1 billion as of March 31, 2025, has three main sources of income (assets): Investment income Employer … the money used to pay NYSLRS benefitslearn about its three main sources of income assets …
https://www.osc.ny.gov/retirement/employers/contributions/common-retirement-fundOrdinary Death Benefit
… 2022 – A.7730/S.6619-A (Abbate/Gounardes) - Increases the age at which the ordinary death benefit commences to be reduced while a member of the New York State and Local Retirement System (NYSLRS) and the New York State Teachers' … Increases the age at which the ordinary death benefit commences to be …
https://www.osc.ny.gov/legislation/ordinary-death-benefitEstablishing the Standard Work Day – Enhanced Reporting
… job title at your organization must have a standard work day (SWD) established by board resolution or contract in … for an employee. SWDs represent the amount of time per day a full-time employee in that title would be required to work. A full-time standard work day can be as few as six hours per day (for Tiers 2 through …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/establishing-standard-work-dayState Agencies Bulletin No. 1728
… request agency action and explain the use of the New York Retiree Indicator Affected Employees New York State employees … of State Payroll Services has activated the New York Retiree Indicator to identify retirees of a NYS public … Agencies must immediately begin using the New York State Retiree Indicator for all new rehired retirees. Agencies must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1728-new-york-retiree-indicatorDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… of State Retirement Administrators (NASRA), the only other state pension fund with an assumed rate of return …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Contributing Toward Your Retirement – Article 14 Benefits
… You are required to contribute 3 percent of your gross earnings toward your retirement benefits for 25 … and Local Retirement System, and used in the calculation of all benefits paid by the Retirement System; and Calculated … to October 1, 2013 and is not retroactive. Page updated as of 11/13 …
https://www.osc.ny.gov/retirement/publications/1644/contributing-toward-your-retirementState 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-racingOpinion 2007-7
… average salary and total service credit. Therefore, the number of days worked by the member, their creditable … 315 directs an employer to report, on a monthly basis, the number of days worked by each member/employee based upon the … a constituent concern about official town business by telephone call at home or direct contact at the grocery store …
https://www.osc.ny.gov/legal-opinions/opinion-2007-7State Agencies Bulletin No. 2093
… Purpose The purpose of this bulletin is to provide agencies with instructions to … March 31, 2012. This legislation authorized the creation of a new Tier 6 pension plan including a VDC plan. ( See … Once a Tier 6 member has reached three (3) calendar years of membership, an employee’s contribution rate is based on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2093-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcInspector General
… highest ethical standards and principles in the conduct of its business. Comptroller Thomas P. DiNapoli's Executive Order established the Office of the Inspector General and empowered it to prevent, detect … and deter corruption, fraud, criminal activity, conflicts of interest and abuse within the Office and within the NYS …
https://www.osc.ny.gov/common-retirement-fund/resources/inspector-generalCity of Little Falls – Budget Review (B25-3-9)
… an independent evaluation of the City’s tentative budget for 2026. Background Chapter 176 of the Laws of 2025 … the City is authorized to issue deficit obligations, and for each subsequent fiscal year during which the deficit obligations are outstanding, its tentative budget for the next succeeding fiscal year. The tentative budget …
https://www.osc.ny.gov/local-government/audits/city/2025/11/20/city-little-falls-budget-review-b25-3-9Making Adjustments to Earnings and Days Worked – Legacy Reporting
… through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/making-adjustmentsXIII.1 Employee Expense Reimbursement Overview – XIII. Employee Expense Reimbursement
… and moving expenses are reimbursed via payroll. Tuition reimbursement to a State employee will be processed by the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii1-employee-expense-reimbursement-overviewNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… National Association of State Retirement Administrators. Only 24 of 130 major public funds are currently below 7 …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22Definitions – Contribution Stabilization Program
… Normal Rates Employer contribution rates for each retirement plan are determined … working lifetimes of active members to determine annual contribution rates. Normal Annual Contribution The normal contribution is an employer’s total … Look up definitions for terms used in the NYSLRS Contribution Stabilization Program …
https://www.osc.ny.gov/retirement/employers/csp/definitionsDisability Benefits
… Important facts members need to know about disability retirement benefits from the …
https://www.osc.ny.gov/retirement/members/disability-benefitsRegulation for Scheduling, Adjourning and Conduct of Administrative Hearings
… (c) An adjournment before any hearing shall be granted only by the retirement system. (d) The applicant or a party other that the retirement system shall be granted only one adjournment as of right or without the necessity of …
https://www.osc.ny.gov/retirement/members/regulation-for-hearingsDual Membership in NYSLRS – Divorce and Your Benefits
… Retirement System. If a member has a membership in one of the above Systems, the Domestic Relations Order (DRO) may … “New York State and Local Retirement System” regardless of the system membership. If a member has dual membership and … the appropriate system. If a DRO is drafted against one of NYSLRS’ Retirement Systems and the member transfers to the …
https://www.osc.ny.gov/retirement/members/divorce/dual-membership-nyslrsAbout Benefit Reductions
… Benefit Reduction for Early Retirement Members in regular retirement plans can … or choose to retire as early as age 55 with a reduction for early retirement.* *Tier 1 members can retire at age 55 without a benefit reduction. Retirement System and Tier Retirement Age for Full Benefit ERS Tiers 2, 3, 4 …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsState Agencies Bulletin No. 2244
… Purpose: The purpose of this bulletin is to provide agency instructions for … Services Unit (BU03) employed at the Department of Transportation, the Division of State Police, and the Office of Parks, Recreation, and … The purpose of this bulletin is to provide agency instructions for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2244-2024-csea-tool-allowance-payment