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Hiring Public Retirees – When Employees Retire
… Before you hire a public retiree, you should be aware of the laws governing how … are limited if they are returning to public employment in New York State. Public employment includes: State of New York …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesCost-Saving Ideas: School District Auditing – Claims/Deputy Claims Auditor
CostSaving Ideas School District Auditing ClaimsDeputy Claims Auditor
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-claimsdeputy-claims-auditorOverview – What Every Employer Should Know
… being accumulated to pay benefits as they become due. To do that, the Actuary makes assumptions about factors such as … based on the System’s actual experience. Every August, we provide you with an estimated invoice of your annual … rates and investment returns. Rev. 2/23 1 Updated 9/24 … What every employer should know about NYSLRS what it means to …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-rates/overviewTaxes and Interest
… We pay interest on items that were originally interest bearing such as bank … foreign governments and international corporations. Thirty percent (30%) of interest and security-related income will be …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestRetiring Before Age 62 – Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Retiring Before Age 62 – Police and Fire Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age …
https://www.osc.ny.gov/retirement/publications/1512/retiring-age-62Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their … benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage of Reduction 55 27 … NonContributory Plan with Guaranteed Benefits information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Section …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Tier 1 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… (8.33 percent) of your last year’s earnings, multiplied by your years of service credit up to 36 years. Alternative …
https://www.osc.ny.gov/retirement/publications/1511/tier-1-death-benefitsRetroactive Payments – Legacy Reporting
… monthly report. Your letter should include the member’s name, NYSLRS ID, Social Security number, the payment amount and the time period covered by the retroactive payment. Send your letter to the …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-paymentsLeaves of Absence – En-Con Police Officers Plan
… Tier 1 members receive full credit for sick leave at half pay; Tier 2, 3, 5 and 6 members receive … on Workers’ Compensation leave. … EnCon Police Officers Plan information for PFRS Tier 1 2 3 5 and 6 members covered …
https://www.osc.ny.gov/retirement/publications/1822/leaves-absenceCost-Saving Ideas: Minimizing Unemployment Insurance Costs
… who become unemployed through no fault of their own. The New York State Department of Labor (DOL) determines who qualifies for …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-minimizing-unemployment-insurance-costsContact Update and Online Help for Local Officials
… Contact Update The Division of Local Government and School … Office of the New York State Comptroller (OSC), collects contact information for local governments, special districts … within organizations in a timely manner. The collected contact information is used for a variety of purposes …
https://www.osc.ny.gov/local-government/resources/contact-update-and-online-helpDiNapoli Urges Consumers to Read the Fine Print on Gift Cards This Holiday Season
… with my office to see if the money has been turned over as unclaimed funds.” DiNapoli encouraged New Yorkers to use gift cards … office is currently holding more than $13 billion in unclaimed funds from gift cards, uncashed checks, bank …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-urges-consumers-read-fine-print-gift-cards-holiday-seasonComptroller DiNapoli and Mayor Brown Urge Buffalo Residents to Claim $88 Million in Lost Money
… Byron Brown today urged local residents to search for unclaimed funds during a news conference at City Hall. DiNapoli said …
https://www.osc.ny.gov/press/releases/2017/03/comptroller-dinapoli-and-mayor-brown-urge-buffalo-residents-claim-88-million-lost-moneyPublic Officers – Membership and Enrollment
… general characteristics: The position is authorized by statute, resolution or charter to exercise part of the … either through the employer’s payroll system or by voucher. Incumbents of the position generally must reside …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/public-officersXVII.2.A Lapsing Reports – XVII. Lapsing Appropriations
… be lapsed should be immediately reported to your Bureau of State Accounting Operations (BSAO) - Budgets and Spending … to: SFS > Main Menu > Commitment Control > Budget Reports > App Due/Not DueTo Laps(KK0004). NOTE: The Lapse … must monitor and react to items appearing on these reports which require agency action. OSC monitors these …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2a-lapsing-reportsLeaves of Absence – Regional State Park Police Plan
… Tier 1 members receive full credit for sick leave at half pay; Tier 2, 3, 5 and 6 members receive half credit for sick leave at half pay. Since service is usually not credited …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceSocial Security Adjustment – Article 14 Benefits
… be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a benefit from Social Security. The primary Social Security benefit is the part of your Social Security benefit …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEarnings Limits
… FAE calculation. Earnings Period Earnings Limit April 1, 2024 – March 31, 2025 $345,000 April 1, 2023 – March 31, 2024 $330,000 April 1, 2022 – March 31, 2023 … of Tier 6 (Joined NYSLRS On or After April 1, 2012) New York State Retirement and Social Security Law limits the …
https://www.osc.ny.gov/retirement/members/earnings-limitsCost-Saving Ideas: Monitoring Health Insurance Premiums for Retirees
… costs by allowing the retiree to buy coverage at the group rate. 1 Containing health insurance costs should be a …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-monitoring-health-insurance-premiums-retirees