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The Survivor’s Benefit Program for Retired NYS Employees

Information about The Survivors Benefit Program which provides minimum death benefit to the survivors of New York State retired employees

https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-retired-nys-employees

DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System

… rate of return on the Fund’s investments from 6.8% to 5.9%. “The Fund’s strength gives us the ability to weather … have changed. In 2010, he decreased the rate from 8% to 7.5%, in 2015 to 7% and in 2019 to 6.8%. The median assumed rate of return …

https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-system

Town of Middlefield – Budgeting (2015M-109)

… structurally sound budgets which reduce the Town’s reliance on one-time revenues, such as fund balance, as a …

https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-middlefield-budgeting-2015m-109

Progress Report: The MTA Capital Security Program - April 2012

The electronic security program has encountered numerous setbacks, and its cost has nearly doubled, to $516 million, as the scope of the program has expanded.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-1-2013.pdf

DiNapoli: Mount Vernon Officials Failed to Establish Basic and Routine Financial Policies

… The City Council of Mount Vernon did not have adequate financial information for the effective management and fiscal oversight of city … officials failed to file annual financial reports, provide interim financial reports and issue audited statements. In … The City Council of Mount Vernon did not have adequate …

https://www.osc.ny.gov/press/releases/2020/09/dinapoli-mount-vernon-officials-failed-establish-basic-and-routine-financial-policies

Travel and Entertainment Expenses (2013-S-47), 90-Day Response

To determine whether the expenses incurred by Metropolitan Transportation Authority (MTA) Headquarters and MTA Capital Construction for travel and entertainment

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2015-13s47-response.pdf

Travel and Entertainment Expenses (2013-S-47)

To determine whether the expenses incurred by Metropolitan Transportation Authority (MTA) Headquarters and MTA Capital Construction for travel and entertainment

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2015-13s47.pdf

Overtime Limits for Tier 6

… calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more … (Return to Top) PFRS Tier 6 Members Your overtime limit is 15 percent of your pensionable, non-overtime earnings … in the calculation of your final average earnings which is used to determine your pension is subject to an annual …

https://www.osc.ny.gov/retirement/members/overtime-limits-tier-6

DiNapoli: Greene County Couple Arrested for Allegedly Stealing Over $35,000 in Pension Payments

… Superintendent Stephen G. James announced the arrest of a Tannersville couple, Kelly Tuomey, 56, and her husband, Stephen B. Tuomey, 60, today for allegedly stealing over $35,000 in pension payments. “The … paper pension checks were cashed after his father’s death. When NYSLRS learned of the death in 2022, all payments were …

https://www.osc.ny.gov/press/releases/2025/04/dinapoli-greene-county-couple-arrested-allegedly-stealing-over-35000-pension-payments

What Tier Are You In?

… When you join NYSLRS, you are assigned to a tier based on your … contribute toward your benefits, and Eligibility for loans If you are an ERS Member... You are in: If you joined: Tier 1 before July 1, 1973 Tier 2 July 1, 1973 …

https://www.osc.ny.gov/retirement/members/what-tier-are-you

Lump Sum Payments – Enhanced Reporting

… using the appropriate earnings code . The following types of payments may be made as a lump sum: Buy back Settlement … appropriate payments and adjustments. ** For a definition of overtime, visit the Overtime Compensation page. For information about overtime limits for members of Tiers 5 and 6, visit the Overtime Limits page . *** For …

https://www.osc.ny.gov/retirement/employers/enhanced-reporting/lump-sum-payments

World Trade Center Presumption – Special 20- and 25-Year Plans

… If you participated in the World Trade Center (WTC) rescue, recovery or cleanup efforts, and … World Trade Center Presumption law. You may be eligible for an accidental disability retirement benefit if you become … eligibility requirements and filing deadlines to meet for these benefits. For more information, visit our World …

https://www.osc.ny.gov/retirement/publications/1517/world-trade-center-presumption

Loan Payroll Deductions – Legacy Reporting

… Once a loan has been approved and a check is sent to the member, a notification is sent to the employer through Retirement Online giving the …

https://www.osc.ny.gov/retirement/employers/legacy-reporting/loan-payroll-deductions