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Tier 6 Defined Contribution Plan Option
Tier 6 Benefit Information Some employees of NYSLRS employers may choose either the traditional defined benefit plan or a defined contribution plan
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionOverview – State Police Plan
… An important part of your NYSLRS benefits is benefits your survivors may receive if you die while …
https://www.osc.ny.gov/retirement/publications/1518/death-benefits/overviewOverview – Special 20- and 25-Year Plans
… NYSLRS benefits is benefits your survivors may receive if you die while working for a public employer. If you die before retiring, your survivors or employer should …
https://www.osc.ny.gov/retirement/publications/1517/death-benefits/overviewOpinion 2002-15
… -- Town Charges (street lighting and maintenance of town hall as townwide charges) STREETS AND HIGHWAYS -- Lighting … in towns) TOWNS -- Powers and Duties (maintenance of town hall as townwide charge); (street lighting as townwide … Similarly, as a rule, the cost of maintaining a town hall building used for the offices of town officials is …
https://www.osc.ny.gov/legal-opinions/opinion-2002-15-0Claims for Deceased Owners and Estates
… In New York State, the Surrogate's Court in the county where the decedent had their primary residence determines … a person's property when the person dies (in other states this may be referred to as Probate Court). If the court has … contents of the decedent's estate and whether they had a will determines the type of representative appointed by the …
https://www.osc.ny.gov/unclaimed-funds/claimants/claims-deceased-owners-and-estatesSpecial Accidental Death Benefit – New Career Plan
… of 23. The Benefit The special accidental death benefit is a pension equal to your salary reduced by: The accidental … were not completed, the salary was the amount that would have been earned during the 12 months prior to death. For … benefit will not be less than: The full salary you would have earned in the highest grade-step; or If you were in the …
https://www.osc.ny.gov/retirement/publications/1515/special-accidental-death-benefitDetails About the Audit Process
… Review of standard reporting procedures for preliminary, draft, and final reports, including the need for responses … findings and recommendations, which are the basis for the draft report. Because most of this information has already … The head of the audited organization is provided with a draft report for formal response. Within 30 days of receiving …
https://www.osc.ny.gov/state-agencies/audits/details-about-audit-processHiring Public Retirees – When Employees Retire
… calendar year in which a retiree turns age 65. Section 212 (RSSL) Under Section 212, there is a calendar-year limit on a service retiree’s … Retirement? . If a retiree earns more than the Section 212 limit, he or she must pay back to NYSLRS an amount equal … postretirement public employment Sections 211 and 212 retiree earnings limits restoring membership and …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesCost-Saving Ideas: School District Auditing – Claims/Deputy Claims Auditor
… payment is for proper district purposes. The auditor must report directly to the board and serve at the board’s … – however, the BOCES and the employee must meet all other requirements and it may not be appropriate for a BOCES … clerical or professional personnel directly involved in accounting and purchasing Any individual responsible for …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-claimsdeputy-claims-auditorTaxes and Interest
… interest bearing such as bank accounts, utility refunds and certain court funds. Interest is paid for a period of … rate is set by the New York State Department of Tax and Finance and is updated quarterly. Claims involving securities, such … bearing items such as bank accounts utility refunds and certain court funds …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestAbout Unclaimed Funds
… the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller. Types of Unclaimed Funds Accounts Bank Accounts – savings, checking …
https://www.osc.ny.gov/unclaimed-funds/resources/about-unclaimed-fundsStandard Work Day and Reporting Resolution – Understanding Your Responsibilities: Elected & Appointed Officials
… system on a Standard Work Day and Reporting Resolution for Elected and Appointed Officials (RS2417-A). (Here is a … a number of hours per day that are considered full-time for the position. The board must adopt the resolution at the … sign-board or at the main entrance to the clerk’s office for at least 30 days. The resolution passed by the board …
https://www.osc.ny.gov/retirement/members/ea-officials/standard-work-day-and-reporting-resolutionRetiring Before Age 62 – Career Plan
… 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 at …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does not end when you turn 62. …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Retiring Before Age 62 – Police and Fire Plan
… 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/1512/retiring-age-62Cybersecurity Month Software Management
Learn about software management practices that you can implement in your municipality to help mitigate cybersecurity threats.
https://www.osc.ny.gov/files/local-government/academy/pdf/cybersecurity-month-software-management-10-11-22.pdfAdjustment Report Template
A sample of the Adjustment Report, used if you need to correct a member’s salary (earnings) or days worked.
https://www.osc.ny.gov/files/retirement/employers/excel/adjustment-report-template.xlsTier 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
… include the member’s name, NYSLRS ID, Social Security number, the payment amount and the time period covered by the … through Retirement Online including their earnings the number of days they worked and more …
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 half credit for sick leave at half pay. Since service is … up to one year of service credit for each accident while on Workers’ Compensation leave. …
https://www.osc.ny.gov/retirement/publications/1822/leaves-absence