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Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the percentages … of the benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage of Reduction 55 27 56 24 57 21 … 11 5 and 6 members under Section 375e Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Retiring Before Age 62 – Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the percentages … of the benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage of Reduction 55 27 56 24 57 21 … by Article 11 Sections 375h and 375i Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Full- and Part-Time Service Credit – State Police Plan
… Full-Time Employment If you join PFRS on the day you begin employment with a participating employer and … the total time worked from your date of membership to the day you leave paid employment. Part-Time Employment For Tier …
https://www.osc.ny.gov/retirement/publications/1518/full-and-part-time-service-creditFull- and Part-Time Service Credit – Special 20- and 25-Year Plans
… the day you begin employment with a participating employer and work continuously on a full-time basis, we calculate your … paid employment. Part-Time Employment For Tier 2, 3, 5 and 6 members, one year of part-time employment is credited …
https://www.osc.ny.gov/retirement/publications/1517/full-and-part-time-service-creditDiNapoli: New York Jobs Top 9 Million, New Statewide High
… 2014, after adding 538,000 jobs since 2009, according to a report released today by State Comptroller Thomas P. … saw the biggest drops in employment. “Six years after the Great Recession, growth is steady statewide, but some … 4.4 percent rate for 2006, the last full year before the Great Recession. The state’s underemployment rate – including …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-jobs-top-9-million-new-statewide-highDiNapoli: Report Finds Mixed Job Picture in Upstate NY
… New York lags behind downstate New York and the nation in job growth since the Great Recession, according to a report … in mid-2009 through June 2016, upstate’s largest overall job growth, 2.2 percent, was in the Capital Region. Somewhat … jobs over the period. The report revealed the largest job losses of any sector during the period were, by far, …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-report-finds-mixed-job-picture-upstate-nyRefunds – Divorce and Your Benefits
… to a refund of contributions due to tier reinstatement , withdrawal of membership , transfer of membership or withdrawal of excess member contributions . If there is …
https://www.osc.ny.gov/retirement/members/divorce/refundsQuogue Union Free School District – Financial Condition Management (2017M-196)
… of our audit was to determine whether the Board and District officials effectively managed general fund balance … June 30, 2017. Background The Quogue Union Free School District is located in the Town of Southampton in Suffolk County. The District, which is governed by a Board of Education, has …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/01/quogue-union-free-school-district-financial-condition-management-2017mMore About This Retirement Plan – Special 20- and 25-Year Plans
… 20- and 25-year retirement plans. (There is no Tier 4 in PFRS.) These benefits are provided by Sections 384, 384-d … 8, 2010, you may not be covered by the benefits described in this publication, even if your employer has adopted and … will be covered under Article 14. The benefit information in this summary does not apply to you. View your Article 14 …
https://www.osc.ny.gov/retirement/publications/1517/more-about-retirement-planOverview – Membership and Enrollment
… About NYSLRS The New York State and Local Retirement System (NYSLRS) is one of … of membership from other public retirement systems in New York State; and Crediting of service from other public retirement systems in New York State. Members are vested with five years of service …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/overviewDiNapoli: Over One Million New Yorker Households Are Not Connected to Broadband
… New Yorkers, ranking second in the U.S. in the percentage of the population with broadband available in their neighborhood, but more than one million, or 13.8%, of households do not have access or a subscription to home … crystal clear during the COVID-19 pandemic when millions of New Yorkers turned their homes into schools and …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-over-one-million-new-yorker-households-are-not-connected-broadbandCensus Response Rates
Census fact sheet for New York State response rates.
https://www.osc.ny.gov/files/local-government/pdf/2020-census.pdfTermination Request - Employer Contribution Stabilization Program or Alternate Program
The termination request form is used to terminate participation in the Contribution Stabilization Program (Chapter 57, Laws of 2010), or the Alternate Program (Chapter 57, Laws of 2013), for payment of retirement contributions.
https://www.osc.ny.gov/files/retirement/employers/pdf/csp-termination-request.pdfParticipation in the Program – Contribution Stabilization Program
… are treated separately. Please read the information on the How the Program Works page carefully before you submit a form … How NYSLRS employers can join or withdraw from the …
https://www.osc.ny.gov/retirement/employers/csp/participation-programAlbion Central School District – Financial Management (2021M-200)
… appropriations resulted in the District levying more real property taxes than needed and resulted in the accumulation …
https://www.osc.ny.gov/local-government/audits/school-district/2022/03/11/albion-central-school-district-financial-management-2021m-200Wall Street Bonuses Rose In 2012
… by State Comptroller Thomas P. DiNapoli. “Wall Street is still in transition, but it is slowly adjusting to changes … DiNapoli said. "Profits and bonuses rebounded in 2012, but the industry is still restructuring. Despite its smaller … out. DiNapoli also reported that: The average cash bonus rose by an estimated 9 percent to almost $121,900 in 2012. …
https://www.osc.ny.gov/press/releases/2013/02/wall-street-bonuses-rose-2012Military Service Credit
… If you served in the U.S. Armed Forces, you may be eligible to purchase credit toward your retirement benefit for your … at 20 years, your military service credit can be used to reach the 20 years. Most members can use our Benefit … within 90 days from the date of discharge. (Return to Top) How to Apply Regardless of what section of the law applies to …
https://www.osc.ny.gov/retirement/members/military-service-creditSection 21 (L) Election Form (RS5379)
For NYSLRS Tier 1 & 2 members (and Tier 3 & 5 PFRS members who are non-contributory) to request to make voluntary contributions to NYSLRS for an annuity.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5379.pdfApplication for Article 14 Disability Retirement (RS6411)
For NYSLRS ERS Tier 3 members and PFRS Tier 3 members covered by Article 14 benefits to apply for an Article 14 disability retirement.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6411.pdfSUNY Bulletin No. SU-341
… required to accurately process NYSTRS refunds and arrears as part of the fiscal year 2021-2022 NYSTRS Reconciliation … lag paycheck. OSC Actions OSC will process NYSTRS refunds as provided by SUNY University-Wide Benefits and respond to PayServ-related questions from State agencies as needed. Agency Actions Impacted agencies will receive a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-341-agency-actions-required-fiscal-year-2021-22-new-york-state