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Long-Term Expected Contribution Rates – What Every Employer Should Know
… on the charts below. Most ERS members are enrolled in the Article 15 retirement plan. Most PFRS employers offer …
https://www.osc.ny.gov/retirement/employers/partnership/long-term-expected-contribution-ratesRetiring Before Age 62 – Career Plan
… retirement. Age at Retirement Percentage of Reduction 55 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Performance of Duty Disability – Career Plan
… The application must be filed while you are still in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is defined as while you are: Being paid on the …
https://www.osc.ny.gov/retirement/publications/1642/performance-duty-disabilityApplying for Benefits – New Career Plan
… application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … your employer. Specific filing instructions are detailed in each benefit description. If you need help, you can call …
https://www.osc.ny.gov/retirement/publications/1515/applying-benefitsBecoming Eligible for a Benefit – Career Plan
… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. …
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitContributing Toward Your Retirement – Career Plan
… to offer a non-contributory plan that was in effect on January 9, 2010, and is still in effect on the date of membership, … a non-contributory plan that was in effect on January 9, 2010, and is still in effect on the date of membership, …
https://www.osc.ny.gov/retirement/publications/1642/contributing-toward-your-retirementApplying for Benefits – Non-Contributory Plan with Guaranteed Benefits
… application form with the Office of the State Comptroller in a timely manner. Forms are available from our website , … your employer. Specific filing instructions are detailed in each benefit description. If you need help, you can call …
https://www.osc.ny.gov/retirement/publications/1513/applying-benefitsEnding Your Membership – New Career Plan
… officer or employee with an employer that participates in the New York State and Local Retirement System. 1 Updated …
https://www.osc.ny.gov/retirement/publications/1515/ending-your-membershipVested Retirement Benefit – New Career Plan
… provisions of the retirement plan that you were covered by in your last public employment determine the vested benefit. …
https://www.osc.ny.gov/retirement/publications/1515/vested-retirement-benefitWest Colesville Volunteer Fire Company, Inc. – Board Oversight (2022M-45)
… card fees and charges. Company officials generally agreed with our recommendations and have initiated or indicated they …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2022/07/01/west-colesville-volunteer-fire-company-inc-board-oversightCity of Troy – Budget Review (B20-5-11)
… in the proposed refuse fund budget provides the City with a limited amount of flexibility in the event of …
https://www.osc.ny.gov/local-government/audits/city/2020/11/06/city-troy-budget-review-b20-5-11Preparing for Retirement
… way to review your benefits and conduct transactions in real time. Sign Up or Sign In to update your contact information, check your current … In most cases, these projections are mailed on the next business day to your home address. Request an estimate by …
https://www.osc.ny.gov/retirement/members/preparing-retirementAbout Benefit Reductions
… Retirement Members in regular retirement plans can retire with full benefits at the age specified by their plan, or choose to retire as early as age 55 with a reduction for early retirement.* *Tier 1 members can … will be. It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsDeath Benefits
… or beneficiaries. Your beneficiary information is listed in your Retirement Online account and on your Member Annual … For more information, read Getting Your Affairs in Order and A Guide for Survivors . If you are retired, … you have at least one year of service credit and die while in active service, and your death is not the result of an …
https://www.osc.ny.gov/retirement/members/death-benefitsMember Contributions
… (Article 11) ERS and PFRS Tiers 1 and 2 If you were to die in service, your contribution balance would be paid to your beneficiary, in addition to any death benefit your beneficiary is eligible … 30 years of service. Exceptions for PFRS: Members enrolled in a retirement plan limiting the amount of creditable …
https://www.osc.ny.gov/retirement/members/member-contributionsPost Retirement Reporting
… limit. Annually report all public retirees who were on payroll during the previous calendar year. To assist with … or Started using enhanced reporting after January 2024. (Note: Once you’ve used enhanced reporting for a full … by school districts and BOCES is suspended through June 30, 2027. (May 2025 legislation extended the date from …
https://www.osc.ny.gov/retirement/employers/post-retirement-reportingVillage of Hilton - Financial Management (2020M-31)
… policy governing the reasonable amount of fund balance to maintain and adopt a multiyear financial and capital plan …
https://www.osc.ny.gov/local-government/audits/village/2020/06/05/village-hilton-financial-management-2020m-31Victor Central School District - Financial Management (2019M-62)
… was excessive. Overfunded two general fund reserves with balances totaling more than $1.3 million as of June 30, … fund reserve balances to reasonable levels in accordance with applicable statutes. District officials generally disagreed with our findings and recommendations. Appendix B includes …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/victor-central-school-district-financial-management-2019m-62Town of Hempstead Industrial Development Agency and Valley Stream Union Free School District 30 – Green Acres Mall PILOT Payments (2017M-233)
Town of Hempstead Industrial Development Agency and Valley Stream Union Free School District 30 – Green Acres Mall PILOT Payments (2017M-233)
https://www.osc.ny.gov/files/local-government/audits/pdf/lgsa-audit-ida-2017-hempstead-ida-valley-stream-school-pilot.pdfElection Form for Sheriffs, Undersheriffs, and Deputy Sheriffs 20 Year Additional 1/60 Retirement Plan Under Article 14-B Section 553 (RS5498)
NYSLRS election form for only Sheriffs, Undersheriffs, or Deputy Sheriffs directly engaged in criminal law enforcement 50 percent or more of the time.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5498.pdf