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CUNY Bulletin No. CU-653
… income taxes. Federal, State and New York City income tax withholding will be calculated using the Aggregate method. Yonkers income tax withholding will be calculated using the Flat Rate method …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-653-city-university-new-york-cuny-health-benefits-buy-outState Agencies Bulletin No. 1760
… Purpose To provide agency instructions for processing the 2019 CSEA ASU Work-Related Clothing … Relations (GOER) memorandum dated 07/25/2019 provide for a Work-Related Clothing Allowance. Effective Date(s) The … and who returns on or before 03/31/2020 is eligible for the payment upon the return from leave. * Note: A future …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1760-2019-work-related-clothing-allowance-asu-employees-title-racingState Agencies Bulletin No. 1749
… This bulletin is superseded by Payroll Bulletin 1749.1. Purpose To provide agency … the day after the end of the employee’s contract. Calendar (CAL) teachers will remain Active in their regular … Employees’ Retirement System (Plan Type 7Y) and have a Payroll Status of Active or Leave with Pay. OSC will report …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1749-2019-summer-session-payments-institution-teachersState Agencies Bulletin No. 1747
… Purpose To notify agencies of changes in maintenance rates for employee housing … of Maintenance Deductions attachment can be used as a guideline for establishing the taxable status of maintenance … in each agency. This report is now available for all agencies except SUNY and CUNY. The NBEN725 for SUNY and CUNY …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1747-change-maintenance-rates-employee-housing-and-mealsState Agencies Bulletin No. 1746
… Administration 4 Lag 04/04/2019 06/12/2019 Institution 5 Extra Lag 04/04/2019 06/20/2019 Institution 5 Lag 03/28/2019 06/20/2019 Administration 4 Extra Lag 03/28/2019 06/12/2019 Eligibility Criteria The … Date on 03/28/2019 (Institution Lag/Administration Extra Lag) or 04/04/2019 (Administration Lag/Institution …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1746-april-2019-lifeguard-2-salary-increase-state-university-professionalEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… credit. The amount of your vested benefit will be based on your service, age at retirement and the salary you earned … of service. If you choose to begin receiving your benefit on or after age 55 but before your early retirement age, your …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingDivorce – Article 14 Benefits
… designations for certain benefits are revoked when a divorce, annulment or judicial separation becomes final. An … on how your pension benefits can be affected by divorce, consult your attorney, contact our Matrimonial … our guide to Domestic Relations Orders and review our Divorce FAQs . … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … year. You will begin receiving COLA when you are: 62 or older and retired for five or more years; or 55 or older and retired for ten or …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentBorrowing Against Your Contributions – Article 14 Benefits
… of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds … your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax … if refinancing your current loan or carrying multiple loans would be better for you. Although the repayment amount …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsIRS Pension Limitation – Article 14 Benefits
… amount is set by federal law and is periodically adjusted for inflation. … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationChallenging a Determination – Article 14 Benefits
… We can pay only those benefits authorized by law, and cannot pay you any benefits if you do not meet all the … denied or improperly calculated, you may request a hearing and redetermination to be held before a hearing officer. Your request must be in writing and filed with the Hearing Administration Bureau within four …
https://www.osc.ny.gov/retirement/publications/1644/challenging-determinationMore About This Retirement Plan – Article 14 Benefits
… benefits provided by Article 14 of the Retirement and Social Security Law (RSSL) as enacted by the New York … These benefits are available to Tier 3 New York State and Local Police and Fire Retirement System members who joined on or after …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Death Benefit – Article 14 Benefits
… Eligibility Regardless of your years of service credit, if you die as the natural and … equal to one-half (50 percent) of your FAS and is eligible for full escalation. ( Learn more about escalation. ) The benefit is paid to your beneficiaries, in this order: To your surviving spouse, …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitOut-of-Service Death Benefit – Article 14 Benefits
… If you are a vested member with at least ten years of credited service, have not retired and you die more than one year after leaving public employment, 50 … should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. … Article …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitOrdinary Death Benefit – Article 14 Benefits
… Service law. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-death-benefitAvailable Options – Article 14 Benefits
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides for the maximum benefit payment to you … life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… to a designated beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the … If you are a disability retiree, you may change your option selection up to 30 days after your disability …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… retirement credit. The primary Social Security benefit may not be the same as your actual Social Security benefit. This …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… Escalation is the annual increase or decrease of a benefit, based on the cost-of-living index. Service retirement benefits can be eligible for either full or … each April at a rate equal to the increase or decrease in the cost-of-living index or 3 percent, whichever is less. …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… credit. The benefit is reduced by 50 percent of your primary Social Security benefit. Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = $12,000 2.1 percent × 18 = … × $60,000 = $22,680 $12,000 × 50 percent = $6,000 Primary Social Security Benefit Reduction $22,680 − $6,000 = …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-service