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Applying for Benefits – State Correction Officers and Security Hospital Treatment Assistants Plan
… Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Applying for Benefits …
https://www.osc.ny.gov/retirement/publications/1526/applying-benefitsAccidental Death Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Accidental …
https://www.osc.ny.gov/retirement/publications/1526/accidental-death-benefitOrdinary Death Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… … State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Ordinary Death Benefit …
https://www.osc.ny.gov/retirement/publications/1526/ordinary-death-benefitThe Big Picture – What Every Employer Should Know
… The Retirement and Social Security Law (RSSL) establishes … establishes the overall methodology used to make sure we have assets available to pay for those benefits. Sources of …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureBecoming a Participating Employer – What Every Employer Should Know
… that an employee may purchase, which would increase their pension benefits. The amount of the deficiency depends on …
https://www.osc.ny.gov/retirement/employers/partnership/becoming-participating-employerAccidental Disability – Career Plan
… service” is defined as while you are: Being paid on the payroll; On an authorized medical leave of absence for up to … benefits for up to two years since last being paid on the payroll, as long as you have not resigned or been terminated …
https://www.osc.ny.gov/retirement/publications/1642/accidental-disabilityOrdinary Disability (Section 362) – Career Plan
… your FAS. The benefit would also include an annuity based on any annuity savings contributions you have made. The … Tier 5 and 6 members would not receive an annuity based on those contributions. If you are 60 or older at the … receiving Section 207-a or 207-c (General Municipal Law) benefits. If you are eligible, applications for ordinary …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-disability-section-362Challenging a Determination – New Career Plan
… to the Hearing Administration Bureau within four months of the determination. We will send you an acknowledgment letter and an explanation of the hearing process when we receive your written request. …
https://www.osc.ny.gov/retirement/publications/1515/challenging-determinationEnding Your Membership – Career Plan
… withdraw your membership ; If you transfer your membership to another New York State public retirement system; If you …
https://www.osc.ny.gov/retirement/publications/1642/ending-your-membershipChallenging a Determination – Non-Contributory Plan with Guaranteed Benefits
… to the Hearing Administration Bureau within four months of the determination. We will send you an acknowledgment letter with an explanation of the hearing process when we receive your written request. …
https://www.osc.ny.gov/retirement/publications/1513/challenging-determinationVested Retirement Benefit – Career Plan
… When you reach retirement age, you will be entitled to a retirement benefit based on your service and salary earned when you were an active member. 1 The date you are eligible to retire depends on your tier. Tier 1 Full vested benefit as …
https://www.osc.ny.gov/retirement/publications/1642/vested-retirement-benefitTier Status – New Career Plan
… and Fire Retirement System. … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections …
https://www.osc.ny.gov/retirement/publications/1515/tier-statusAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments … option will provide you with a reduced monthly benefit for your lifetime. At your death, the unpaid balance of your … option will provide you with a reduced monthly benefit for your lifetime. It guarantees that if you die before …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsMandatory vs. Optional Membership
… in the Employees’ Retirement System (ERS) There are two types of membership in ERS, mandatory and optional. If you are a permanent, full-time employee of … this position; Your employment duration is for less than one year, or on a less than 12 month per year basis; or Your …
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipRetiree Annual Statement
… (Online Availability): We make Statements available in Retirement Online sooner than printed copies are mailed—we … Statement To view, save or print your Statement: Sign in to Retirement Online . Look under My Account Summary . … button. If Retirement System is blank, click Look Up icon and select ERS or PFRS from dialog box. Click Look Up …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementMember Contributions – Legacy Reporting
… of the Internal Revenue Code (IRC). Federal income tax on these contributions is deferred until they are … as wages to NYSLRS. Contributions are calculated on the full gross salary. All ERS Tier 3, 4, 5 and 6 normal contributions deducted on or after July 1, 1989, are 414(h) contributions. …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsEarnings Limits
… Overview The earnings included in the calculation of your final average earnings (FAE) , which is used to … than the limit, it will not be factored into your pension and your employer should not withhold member contributions … earnings used in the calculation of pension benefits. The amount is set by federal law and periodically adjusted for …
https://www.osc.ny.gov/retirement/members/earnings-limitsLife Changes: What If I Leave Public Employment?
… this publication. It outlines what you need to know as a NYSLRS member if you leave public employment or go on an … obligations. If you have any questions or concerns, please contact us. We’re here to help. Sincerely, Thomas P. DiNapoli …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-leave-public-employmentOysterponds Union Free School District - Financial Management (2019M-217)
… unassigned fund balance that ranged from 16.5 percent to 27.8 percent of the ensuing year’s appropriations, or four to seven times the statutory limit. Moreover, when unused … 27 percentage points. Key Recommendations Develop a plan to reduce its surplus of unassigned fund balance to comply …
https://www.osc.ny.gov/local-government/audits/school-district/2020/01/17/oysterponds-union-free-school-district-financial-management-2019m-217East Islip Union Free School District - Financial Condition Management (2020M-24)
… limit. Develop and adopt budgets with realistic estimates for revenues, expenditures and unassigned fund balance based …
https://www.osc.ny.gov/local-government/audits/school-district/2020/05/01/east-islip-union-free-school-district-financial-condition-management