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Vested Retirement Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… Eligibility You are eligible for a vested retirement benefit if you leave public employment before … member. 1 Tier 1 members under the alternative age 55 plan may receive their full vested benefits at age 55. Tier 2, 3 and 5 members under this plan may receive their full vested benefits at age 62, or may …

https://www.osc.ny.gov/retirement/publications/1511/vested-retirement-benefit

Tier 2, 3, 5 and 6 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)

… be paid the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your … the post-retirement death benefit. Members who join on or after January 1, 2001 will automatically be covered by death … to exceed three years of salary. For example, if you die after one year of service, your beneficiary would receive a …

https://www.osc.ny.gov/retirement/publications/1511/tier-2-3-5-and-6-death-benefits

Ordinary Disability (Section 362) – Basic Plan with Increased-Take-Home-Pay (ITHP)

… of service credit, you may be eligible for an ordinary disability retirement benefit. The Benefit If approved, this … If you are 60 or older at the effective date of your disability retirement, your ordinary disability benefit would be equal to the benefit that would …

https://www.osc.ny.gov/retirement/publications/1511/ordinary-disability-section-362

Borrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)

… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The … rules apply when borrowing against your contributions: You must be in active service and have one year of member …

https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributions

Ending Your Membership – Basic Plan with Increased-Take-Home-Pay (ITHP)

… employment” means paid service as an officer or employee with an employer that participates in the New York State and … Basic Plan with Increased TakeHome Pay information for PFRS Tier 1 2 3 …

https://www.osc.ny.gov/retirement/publications/1511/ending-your-membership

Contributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)

… over 3 percent will be deposited into your annuity savings account to provide the annuity portion of your retirement … by your wages, will be deposited into your annuity savings account to provide the annuity portion of your …

https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirement

Tier Status – Basic Plan with Increased-Take-Home-Pay (ITHP)

… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, … Basic Plan with Increased TakeHome Pay information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Sections 370a …

https://www.osc.ny.gov/retirement/publications/1511/tier-status

Stay Informed – Special 20- and 25-Year Plans

… consultation . Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook for quick tips and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …

https://www.osc.ny.gov/retirement/publications/1517/stay-informed

Stay Informed – Career Plan

… to retire. Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook and follow us on Twitter for quick … updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …

https://www.osc.ny.gov/retirement/publications/1642/stay-informed

Comptroller DiNapoli Releases State Audits

… New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued: Tuition … of about $3.8 million. The accounts included 13 that were opened by a property management consultant hired by the MTA. The two others had been opened by New York City Transit Police. The accounts were …

https://www.osc.ny.gov/press/releases/2014/02/comptroller-dinapoli-releases-state-audits

State Police Bulletin No. SP-168

… To notify agencies of a new long term care deduction code 526 for members of PBA of the New York State Troopers, … State Troopers, Inc. has requested a new payroll deduction code for long term care. Effective Date(s) Administration pay … process deduction transactions using the new deduction code 526. The vendor will submit all transactions for …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-168-new-long-term-care-deduction-code-526-police-benevolent-association-pba

Division of Housing and Community Renewal Bulletin No. DH-83

… Purpose To provide the Division of Housing and Community Renewal instructions for processing the 2016 RRSU Over40 Comp Time II Cash Out. Affected … To provide the Division of Housing and Community Renewal instructions for processing the 2016 RRSU Over40 Comp Time II Cash Out …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-83-2016-rrsu-over40-comp-time-ii-cash-out

State Agencies Bulletin No. 1625

… Questions regarding this bulletin may be directed to Payroll Retirement Mailbox. …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1625-tier-5-pensionable-overtime-earnings-limit-calendar-year-2018-employees

State Agencies Bulletin No. 1549

… input file from PEF for deduction code 392, Transamerica Life Insurance. Affected Employees Employees who previously … enrolled in payroll deduction for Transamerica (voluntary) Life Insurance offered through PEF Effective Date(s) … Benefits Program and Univers Transamerica Financial Life Insurance Company have each sent letters to affected …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1549-payroll-deductions-discontinued-transamerica-life-insurance-offered

DiNapoli: Former Pulaski Assistant Village Clerk Charged in Theft of Fees

… "I thank District Attorney Oakes and Pulaski Police Chief Martin for holding this public official responsible for her … PD, to protect taxpayers." Pulaski Police Chief Michael J. Martin said, "I would like to thank Comptroller DiNapoli and …

https://www.osc.ny.gov/press/releases/2018/08/dinapoli-former-pulaski-assistant-village-clerk-charged-theft-fees

Unified Court System Bulletin No. UCS-223

… Security Group Life. Affected Employees Courts employees in Bargaining Units DR, S9, SR, and SN Effective Date(s) … transactions for enrollments, cancellations and/or changes in a biweekly file. Agency update access is no longer …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-223-update-existing-deduction-code-398-bankers-sec-gr-life

State Agencies Bulletin No. 1327

… a negative D2H transaction when eligible monies are paid outside of the pay period being processed. Calculate and …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1327-first-phase-deficit-reduction-plan-psnu-employees-summer-seasonal

Division of Housing and Community Renewal Bulletin No. DH-97

… Purpose To provide the Division of Housing and Community Renewal instructions for processing the 2018 RRSU Over40 Comp Time II Cash Out. Affected … To provide the Division of Housing and Community Renewal instructions for processing the 2018 RRSU Over40 Comp Time II Cash Out …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-97-2018-rrsu-over40-comp-time-ii-cash-out