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Divorce – State University Police Plan
… you and your ex-spouse when the marriage ends. If you divorce, your retirement benefits could be affected in any of … if you use it. We will also need a certified copy of your divorce decree. If you are divorced, it is especially … The Survivor Benefit beneficiary designations made by retirees who chose the Single Life Allowance option or …
https://www.osc.ny.gov/retirement/publications/1823/divorcePartial Lump Sum Payment – State Police Plan
… your PLS along with your first pension payment, at the end of the month following your retirement month. Eligibility … for the PLS payment, you must: Retire under a special 20- or 25-year plan; Have been eligible to retire with a … Options* 1 5% 2 5 or 10% 3 5, 10 or 15% 4 5, 10, 15 or 20% 5 or more 5, 10, 15, 20 or 25% *A percentage of the …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentTier Status – Forest Rangers Plan
… 2012 Tier 6 April 1, 2012 or after *Tier 3 members in the Forest Rangers Plan are covered by Article 11 benefits. Other … Forest Rangers Plan information for PFRS Tier 1 2 3 5 and 6 …
https://www.osc.ny.gov/retirement/publications/1864/tier-statusAvailable Options – Forest Rangers Plan
… your retirement benefit at the time of retirement. If you live long enough, you will receive your initial value amount … your lifetime, with the additional guarantee that if you live for less than five years or ten years after retirement, … period. Alternative Options If the options described here do not meet your needs, we will consider written …
https://www.osc.ny.gov/retirement/publications/1864/available-optionsRetiring with an Outstanding Loan – State Police Plan
… reduced by an outstanding loan balance at retirement. The approximate reductions are for calendar year 2021. The amount … annually. Age at Retirement Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $172 $10,000 $344 55 …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanDivorce – State Correction Officers and Security Hospital Treatment Assistants Plan
… State Correction Officers and Security Hospital Treatment …
https://www.osc.ny.gov/retirement/publications/1525/divorceTransferring or Terminating Your Membership
… less than five years of service credit and have not worked in covered public service for at least seven years; or You … your membership to another public retirement system in New York State. If you previously were a member of the New … System (NYSLRS), or another public retirement system in New York State, your service may be recredited and your …
https://www.osc.ny.gov/retirement/members/transferring-or-terminating-your-membershipPartial Lump Sum (PLS) Payment at Retirement — For Eligible NYSLRS Members
… single payment equal to a percentage of the value of your pension benefit at retirement. The payment amount depends on … sheriff, undersheriff, deputy sheriff or county correction officer; Be covered by a plan that allows for retirement … will not be made until it is determined whether you are approved for the disability retirement benefit. If you …
https://www.osc.ny.gov/retirement/members/partial-lump-sum-paymentPlanning
… of where you are and what you would like your life to be in the future. However, having goals is one thing — … to do. You need to determine how much income you will need in retirement. The first step is to draw up a list of all … Security income of 20 percent of pre-retirement earnings. In our example, the combination of Social Security and …
https://www.osc.ny.gov/retirement/members/planningOvertime Limits for Tier 6
… ERS Tier 6 Members Your overtime limit changes each calendar year based on the Consumer Price Index. Refer to the table below for your annual limit. Calendar Year Overtime Limit 2026 $21,589.00 2025 $20,958.00 2024 $20,459.00 2023 …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-6Overtime Limits for Tier 5
… Overview For members of Tier 5, the New York State Retirement and Social Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , which is used to … For Tier 5 members the amount of overtime included in the calculation of your final average …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5NYSLRS Fact Sheet
… (PFRS) Member Information (as of March 31, 2025) Overall membership in NYSLRS: 1,264,732 735,943 members 699,229 (95%) … for all ERS retirees and beneficiaries: $28,491 Tiers of membership Tier 1 joined before July 1, 1973 (0.1% of … for all PFRS retirees and beneficiaries: $64,131 Tiers of membership* Tier 1 joined before July 31, 1973 (total of just …
https://www.osc.ny.gov/retirement/resources/nyslrs-fact-sheetService Retirement – When Employees Retire
… one of our consultation sites or another office of the State Comptroller. Encourage your employees to use Retirement …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/service-retirementMonitoring of Homeless Data (2023-S-38)
To determine if the Office of Temporary and Disability Assistance (OTDA) monitors data on the State’s homeless population to better understand the nature and scope of homelessness across the State; and to determine if OTDA’s programs are using all available data to best address the needs of ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2025-23s38-response.pdfTown of Marion – Misappropriation of Justice Court Cash Collections (2023M-149)
Determine whether the Justices and Town of Marion (Town) Board provided adequate oversight of the Justice Court (Court) to ensure cash collections were properly deposited, recorded, reported and remitted.
https://www.osc.ny.gov/files/local-government/audits/2024/pdf/marion-town-2023-149.pdfReport of the Actuary - 2023
Report of the Actuary - Summary of Valuation of Assets, Liabilities, and System Membership for Fiscal Year Beginning April 1, 2023 Valuation and for Fiscal Year Ending March 31, 2025 Billing
https://www.osc.ny.gov/files/retirement/resources/pdf/actuary-report-2023.pdfThe Securities Industry in New York City, October 2023
The securities industry saw record performance in 2020 and 2021, facilitated by lower borrowing costs and increased liquidity resulting partly from the federal government’s policy response to the pandemic.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-10-2024.pdfInventory Controls
To determine whether the Office of Information Technology Services has adequate controls to ensure the accuracy and completeness of inventory records, accountability for inventory transactions, and safeguarding of inventory.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2025-23s17.pdfReport of the Actuary - 2024
Report of the Actuary - Summary of Valuation of Assets, Liabilities, and System Membership for Fiscal Year Beginning April 1, 2024 Valuation and for Fiscal Year Ending March 31, 2026 Billing
https://www.osc.ny.gov/files/retirement/resources/pdf/actuary-report-2024.pdfMount Vernon City School District – Procurement of Natural Gas (2019M-91)
Determine whether the Mount Vernon City School District (District) Board and District officials procured natural gas at the most favorable terms and in the best interest of District taxpayers.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/mount-vernon-2019-91.pdf