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Service Retirement Benefit – State Correction Officers and Security Hospital Treatment Assistants Plan
… Plan info for ERS Tier 1 and 2 members under Section 89 Service Retirement Benefit …
https://www.osc.ny.gov/retirement/publications/1525/service-retirement-benefitOverview – Governmental Accounting Standards Board
… for and disclosed in the financial reporting statements of public pension plans and participating employers. These … increase the transparency, consistency and comparability of pension information across governments. These accounting … governments to ensure pension transparency and consistency of information across governments …
https://www.osc.ny.gov/retirement/employers/gasb/overviewForfeiture of Benefits for Convicted Felons
… the Retirement and Social Security Law (RSSL) (“The Public Integrity Reform Act”) govern the potential reduction and … office, the prosecuting agency may commence an action for pension forfeiture in the supreme court of the county where … local government department, division, board, commission, bureau, public benefit corporation or public authority who …
https://www.osc.ny.gov/retirement/members/forfeiture-benefits-convicted-felonsIf You Need Help – Governmental Accounting Standards Board
… If you have questions about GASB standards and how they … consult with your accountant or an independent auditor. If you have questions about your GASB report or for help …
https://www.osc.ny.gov/retirement/employers/gasb/if-you-need-helpViewing Your GASB Report – Governmental Accounting Standards Board
… (ERS or PFRS), click Governmental Accounting Standards Board (GASB) link. Select the year you wish to view (reports … To comply with Governmental Accounting Standards Board GASB Statement No 68 employers can view their GASB …
https://www.osc.ny.gov/retirement/employers/gasb/viewing-your-gasb-reportAbout Employer Contribution Rates – What Every Employer Should Know
… by current and future retirees and are an important asset of the Fund. Each November, we provide participating employers with an annual invoice of their employer contribution, which is due February 1 of the following year. The annual invoice is calculated …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-ratesAbout an Employer’s Role – What Every Employer Should Know
… about your employees throughout their employment. One of the most important responsibilities you have as a … participating employer is ensuring every employee is aware of the opportunity to join NYSLRS. By law, employers must notify new employees in writing of their right to join NYSLRS when they begin employment. …
https://www.osc.ny.gov/retirement/employers/partnership/about-employers-roleCity of Peekskill – Information Technology (2020M-164)
… technology (IT) systems were adequately secured and protected against unauthorized use, access and loss. Key Findings Officials did not adequately secure and protect the City’s IT systems against unauthorized use, … information technology IT systems were adequately secured and protected against unauthorized use access and loss …
https://www.osc.ny.gov/local-government/audits/city/2021/04/01/city-peekskill-information-technology-2020m-164Borrowing Against Your Contributions – Forest Rangers Plan
… is $25. The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan … minus any outstanding loan balance, so you must have an account balance of at least $1,334. If you joined on or after … loan will be taxable if: The loan amount exceeds federal limits (federal tax information is available on the loan …
https://www.osc.ny.gov/retirement/publications/1864/borrowing-against-your-contributionsPartial Lump Sum Payment – Forest Rangers Plan
… benefit for at least one year prior to your date of retirement; and Retire with a service retirement benefit … receive a lump sum payment equal to a specific percentage of the value of your retirement benefit, as shown below. Your Single Life …
https://www.osc.ny.gov/retirement/publications/1864/partial-lump-sum-paymentApplying for Benefits – State University Police Plan
… choose to submit your documents by certified mail or by fax: Certified Mail — If you mail a document “Certified Mail … was mailed once it is delivered to us by the Post Office. Fax — To send the document to us by fax, please include your name, retirement registration number, phone number and the person or department you wish to …
https://www.osc.ny.gov/retirement/publications/1823/applying-benefitsAccidental Death Benefit – State University Police Plan
… Eligibility Regardless of your years of service credit, if you die as the natural and proximate result of an on-the-job accident not due to your own willful …
https://www.osc.ny.gov/retirement/publications/1823/accidental-death-benefitRetirement System Membership – State University Police Plan
… working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must become members of the … and file a membership application with the Office of the State Comptroller. Special Plan Coverage If you become … State University Police Plan information for PFRS Tier 1 2 3 …
https://www.osc.ny.gov/retirement/publications/1823/retirement-system-membershipCredit for Military or Additional Service – State Police Plan
… Credit (including any military service) (RS5042) . Include all the details you can about the period of military service … and inform you of any cost. You may want to apply for all the service credit you are entitled to receive as early … of time, you will stop paying contributions sooner. For all requests, you must apply before your date of retirement. …
https://www.osc.ny.gov/retirement/publications/1518/credit-military-or-additional-servicePower of Attorney
… Overview The NYSLRS Special Durable Power of Attorney (POA) document allows someone else, referred to as … transactions. You may choose to designate a power of attorney in case of emergency, hospitalization or unexpected … if you don’t understand a letter you received. A Power of Attorney is a powerful document. Once you appoint someone, …
https://www.osc.ny.gov/retirement/members/power-attorneyPerformance of Duty Disability – Forest Rangers Plan
… Eligibility You may be entitled to a performance of duty disability benefit if you are found permanently disabled as a result of the performance of your duties, regardless of the amount of service you may … 1 2 3 5 and 6 members covered by Section 383c Performance of Duty Disability …
https://www.osc.ny.gov/retirement/publications/1864/performance-duty-disabilitySpecial Accidental Death Benefit – Forest Rangers Plan
… If you die under circumstances that permit payment of the accidental death benefit, a special accidental death … will be paid to your children who are under the age of 18 or, if they are students, until the age of 23. The Benefit The special accidental death benefit is a …
https://www.osc.ny.gov/retirement/publications/1864/special-accidental-death-benefitOrdinary Death Benefit – State University Police Plan
… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to a monthly pension benefit. The first $50,000 of this benefit is paid in the form of group term life …
https://www.osc.ny.gov/retirement/publications/1823/ordinary-death-benefitVested Retirement Benefit – State University Police Plan
… The date you are eligible to retire depends on your tier: Tiers 1 & 2 — the first of the month following your 55th birthday. Tiers 3 & 5 — your 55th birthday. Tier 6 — your 63rd …
https://www.osc.ny.gov/retirement/publications/1823/vested-retirement-benefitService Retirement Benefit – State University Police Plan
… You may retire at any age after completing 25 years of SUNY police service, or you may qualify for a service … years as a SUNY police officer. The Benefit With 25 years of creditable service, your benefit will equal 2 percent of your Final Average Salary (FAS) for each year of SUNY …
https://www.osc.ny.gov/retirement/publications/1823/service-retirement-benefit