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Actuarial Advisory Committee
… Armand de Palo (Retired) Michael Heller (Retired) Edward Brown (Retired) Stanley Talbi (Retired) Mark T. Koehne …
https://www.osc.ny.gov/common-retirement-fund/resources/actuarial-advisory-committeeNYSLRS Fact Sheet
… on the payroll of a participating employer as of fiscal year end) 677,604 (95%) of members are ERS (73% of ERS … PFRS. Benefits Paid and Contributions (for State fiscal year end March 31, 2024) Benefits paid out: $16.1 billion Employer contributions: $5.1 billion State …
https://www.osc.ny.gov/retirement/resources/nyslrs-fact-sheetPension Contribution Rates to Decrease for Fiscal Year 2015-16
… rates,” DiNapoli said. “The effects of the 2008 financial market collapse are still being felt around the country, but …
https://www.osc.ny.gov/press/releases/2014/09/pension-contribution-rates-decrease-fiscal-year-2015-16State Agencies Bulletin No. 2345
… addition, a memorandum dated 05/15/2025 from the Office of Employee Relations (OER) authorizes the 2025 payment for the … for use in the performance of their job; and Have a Payroll Status of Active on the date of payment. Hourly … of absence, including Workers’ Compensation Leave, with a Payroll Status of Leave of Absence on 06/30/2025 may receive …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2345-2025-csea-tool-allowance-paymentPayroll Improvement Project Bulletin No. PIP-014
… the upgrade. There will be new arrears deduction codes for employee and employer arrears in PayServ version 9.2. The … identify which deductions are held in suspense until the employee is vested, and identify which deductions are sent directly to the plan provider after the employee is vested. Effective Dates The new deduction codes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-014-orpvdc-arrears-deductionsState Agencies Bulletin No. 1159
… taken by the Deficit Reduction Plans to employees in the bargaining units listed below who leave State service. … stipulate payments of Deficit Reduction compensation taken in State Fiscal Year 2011-2012 and State Fiscal Year 2012-2013. Affected Employees Employees in the following bargaining units who leave State service …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1159-repayment-compensation-taken-deficit-reduction-plans-employeesObtaining Information about a Member’s Benefits – Divorce and Your Benefits
… member. The authorization must: Specifically be addressed to the New York State and Local Retirement System; Specifically identify the party(ies) authorized to receive information; and Specifically identify the information to be released. NYSLRS will not accept a general release. …
https://www.osc.ny.gov/retirement/members/divorce/obtaining-information-about-members-benefitsComptroller DiNapoli & A.G. Schneiderman Announce Sentence of Brooklyn Man for Stealing Over $22K in Deceased Mother's Pension Benefit
… New York State Comptroller Thomas P. DiNapoli and Attorney … Eric T. Schneiderman announced today the sentencing of Jimmie Buie, a Brooklyn resident, for stealing over … attempt to undermine the Retirement System and steal from living, retired New Yorkers who depend it." According to …
https://www.osc.ny.gov/press/releases/2017/05/comptroller-dinapoli-ag-schneiderman-announce-sentence-brooklyn-man-stealing-over-22k-deceasedAbout the Common Retirement Fund – What Every Employer Should Know
… stakeholder, it is important for you to be familiar with the Common Retirement Fund (Fund), which holds and invests the money used to pay NYSLRS benefits. New York State Comptroller Thomas P. DiNapoli is the trustee of the Fund, which was established to hold all the assets and …
https://www.osc.ny.gov/retirement/employers/partnership/about-common-retirement-fundComptroller DiNapoli and A.G. Schneiderman Announce Conviction and Sentencing of Florida Man For Theft of Over $180,000 in NYS Pension Benefits
… pretended he was Petschauer, and asserted that he was not actually dead, in an effort to maintain eligibility for …
https://www.osc.ny.gov/press/releases/2016/12/comptroller-dinapoli-and-ag-schneiderman-announce-conviction-and-sentencing-florida-man-theft-overState Agencies Bulletin No. 2102
… Purpose The purpose of this bulletin is to provide agencies with information for processing the April 2020 and April 2021 Longevity Paymentsfor Long-Term Seasonal … Seasonal Employees payment is supplemental taxable income, will be added to the employee’s taxable gross wages …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2102-april-2020-and-april-2021-pef-longevity-payments-long-term-seasonalCredit for Previous or Military Service – En-Con Police Officers Plan
… of your Certificate of Release or Discharge from Active Duty (DD-214) . Service From a Previous Membership If you …
https://www.osc.ny.gov/retirement/publications/1822/credit-previous-or-military-serviceCredit for Previous or Military Service – Regional State Park Police Plan
… You may be able to obtain credit for your previous public employment or military service. It … Before Your Date of Membership You may receive credit for working for a participating employer before you joined the Retirement …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceOther Places to Search for Unclaimed Funds
… about refunds on retirement accounts. National Registry of Unclaimed Retirement Benefits For information on unclaimed retirement account balances. Internal Revenue … of Veterans Affairs For information on insurance funds owed to certain current and former policyholders or …
https://www.osc.ny.gov/unclaimed-funds/resources/other-places-search-unclaimed-fundsAvoiding a Rejected DRO – Divorce and Your Benefits
… NYSLRS benefits are paid monthly and, unless the member is in a special 20- or 25-year retirement plan that allows for … plans such as NYSLRS. We recognize no special interest in the status of “surviving spouse.” Separate Accounts — … ex-spouses. NYSLRS assets are held for investment purposes in the Common Retirement Fund. Upon retirement, a member’s …
https://www.osc.ny.gov/retirement/members/divorce/avoiding-rejected-droState Agencies Bulletin No. 1665
… into a spreadsheet on the first page of the ORP-VDC Breaks Calculator workbook. Determine Which Employees Require the … make note of which dates are missing. Verify the ORP/VDC Retirement Election Date The retirement election date is required for the breaks in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1665-calculating-breaks-service-orp-participants-apprear-control-d-nben742Early Retirement – Article 14 Benefits
… With 20 years of service credit, you can apply for early retirement regardless of your age. The early retirement benefit equals 42 percent of your FAS for 20 years …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… You can choose normal retirement or early retirement, but must be separated from … With at least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal … Total Annual Benefit + Full Escalation Filing Your Application for Service Retirement (RS6037) must be on file …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementDiNapoli and NY State Pension Fund Reach Agreements with Major Companies on Executive Pay
… BB&T Corporation (filed with AFL-CIO Equity Index Fund) Discovery Communications Inc. (filed with AFL-CIO Equity …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-and-ny-state-pension-fund-reach-agreements-major-companies-executive-payNYS Comptroller DiNapoli Seeks Answers From Companies on Sexual Harassment and Racial Discrimination
… note that civil rights violations within the workplace can result in substantial costs to companies, including fines … A company’s failure to properly manage its workforce can also tarnish its public image, make it more difficult to …
https://www.osc.ny.gov/press/releases/2022/02/nys-comptroller-dinapoli-seeks-answers-companies-sexual-harassment-and-racial-discrimination