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Service Retirement Benefit – State Police Plan
… at any age after completing 20 full years of creditable service. State Police officers must retire by the last day of … 60th birthday occurs. You must file an Application for Service Retirement to receive benefits even if you are … to age. The Benefit With at least 20 years of creditable service , your pension will be: 50 percent of your FAE; plus …
https://www.osc.ny.gov/retirement/publications/1518/service-retirement-benefitBorrowing Against Your Contributions – Non-Contributory Plan with Guaranteed Benefits
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1513/borrowing-against-your-contributionsAccidental Disability – Non-Contributory Plan with Guaranteed Benefits
… job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … after contact with members of the public. Notice of Accident To be eligible for this benefit, you must have filed a written notice of the accident with: The Retirement System within 90 days of the …
https://www.osc.ny.gov/retirement/publications/1513/accidental-disabilityPerformance of Duty Disability – Non-Contributory Plan with Guaranteed Benefits
… If approved, the benefit would be equal to one-half (50 percent) of your FAS, plus an annuity based on any annuity … the payroll; On an authorized medical leave of absence for up to two years (which may be extended for an additional two … Compensation or other similar employer-funded benefits for up to two years since last being paid on the payroll, as long …
https://www.osc.ny.gov/retirement/publications/1513/performance-duty-disabilityOrdinary Disability (Section 362) – Non-Contributory Plan with Guaranteed Benefits
… one-third of your FAS. The benefit would also include an annuity based on any annuity savings contributions you have made. The contributions required of Tier 5 and 6 members are not annuity savings contributions, and Tier 5 and 6 members would …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-disability-section-362Forest Ranger Disability Benefit (Section 363-e) – Forest Rangers Plan
… result of a disability sustained in service, not caused by your own willful negligence, regardless of your years of … you have made. The mandatory contributions made by Tier 5 and 6 members are not annuity savings … information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383c Forest Ranger Disability Benefit Section 363e …
https://www.osc.ny.gov/retirement/publications/1864/forest-ranger-disability-benefit-section-363-eAccidental Disability – Police and Fire Plan
… job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … after contact with members of the public. Notice of Accident To be eligible for this benefit, you must have filed a written notice of the accident with: The Retirement System within 90 days of the …
https://www.osc.ny.gov/retirement/publications/1512/accidental-disabilityVested Retirement Benefit – Non-Contributory Plan with Guaranteed Benefits
… Eligibility You are eligible for a vested retirement benefit if you leave public employment before retirement age and you have five years of credited service. When you reach …
https://www.osc.ny.gov/retirement/publications/1513/vested-retirement-benefitTier 2, 3, 5 and 6 Death Benefits – Non-Contributory Plan with Guaranteed Benefits
… During your first year of retirement, the benefit is 50 percent of the ordinary death benefit payable at … During your third year and thereafter, the benefit will be 10 percent of the ordinary death benefit that would have been … × 3 = $180,000 (reduction for working after age 60) − 10,800 (ordinary death benefit at retirement) = $169,200 1st …
https://www.osc.ny.gov/retirement/publications/1513/tier-2-3-5-and-6-death-benefitsState Agencies Bulletin No. 1839
The purpose of this bulletin is to provide agency instructions for processing the 2020 Institution Teacher Summer Session Payments
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1839-new-procedures-processing-2020-summer-session-payments-institutionState Authority Contract Approval, Reporting and Filing
… Review and Approval All State authorities are required to submit certain contracts and contract amendments for prior … Amendments Require Prior Approval or Filing How and When to Submit an Annual Report Every State authority must report … All State authorities are required to submit certain contracts and contract amendments for prior …
https://www.osc.ny.gov/public-authorities/state-authority-contract-approval-reporting-and-filingState Agencies Bulletin No. 2442
… service, the agency must submit a transaction on the Time Entry page using the earnings code that reflects the … on the regular annual salary effective on the Earns End Date divided by the number of contract hours at the facility … rate must be submitted using the Action PAY (Pay Rate Change). Agencies must report RGH in the Time Entry page or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2442-procedures-processing-2026-summer-session-payments-institution-teachersSUNY Bulletin No. SU-391
… Effective Dates: Administration paychecks dated July 01, 2026. OSC Actions: OSC will automatically process deduction …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-391-new-voluntary-insurance-deduction-code-520-employeesState Agencies Bulletin No. 2430
… (PS&T) Unit (BU05) who meet the eligibility criteria are affected. Background: Chapter 190 of the Laws of 2023, … 2026-2027. These funds will not be added to base salary, are not subject to salary increases, and are not pensionable. Effective Dates: Employees Previously …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2430-public-employees-federation-pef-fy-2026-2027-higher-educationOverview of Governmental Accounting
This session will familiarize local officials with the accounting process for municipalities and some of the unique elements of governmental accounting. It will include an overview of Generally Accepted Accounting Principles (GAAP), the Uniform Accounting System, measurement focus and encumbrances.
https://www.osc.ny.gov/files/local-government/academy/pdf/overview-governmental-accounting-022824.pdfVirtual Currency Licensing (2022-S-18)
To determine whether the Department of Financial Services (DFS) provides adequate oversight of the applications for, and the supervision and examination of, virtual currency licensees to ensure compliance with New York Codes, Rules and Regulations (NYCRR) Title 23, Part 200.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s18.pdfProperty Tax Cap Reporting - School Districts
This session will provide an overview of the Property Tax Cap Program for School Districts. Presenters will discuss the Property Tax Cap Legislation, highlight some common reporting errors, and review reporting requirements. We will also demonstrate the online reporting system.
https://www.osc.ny.gov/files/local-government/academy/pdf/tax-cap-school-districts-2-9-23.pdfReport on the State Fiscal Year 2025-26 Executive Budget
The Executive Budget for Fiscal Year 2026 has been released at a time of great uncertainty. Federal funding is the State’s largest source of revenue, and is estimated by the Division of Budget to total $93.1 billion in State Fiscal Year 2025-26.
https://www.osc.ny.gov/files/reports/budget/pdf/executive-budget-report-2025-26.pdfManaging Cash Flow
This webinar will help local officials understand various procedures to control and account for cash. We will include key information on cash control and reporting, collection and disbursement procedures and cash flow forecasting and how these activities affect cash flow models.
https://www.osc.ny.gov/files/local-government/academy/pdf/managing-cash-flow-022625.pdfClimate Act Goals – Planning, Procurements, and Progress Tracking (2022-S-4) 180-Day Response
To determine if the Public Service Commission (PSC) and the New York State Energy Research and Development Authority (NYSERDA) adequately planned to achieve the Climate Leadership and Community Protection Act (Climate Act) goals, followed proper procurement practices for projects designed to...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s4-responsePSC.pdf