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Contributing Toward Your Retirement – State University Police Plan
… rate is based on what you actually earned two years prior. For part-time employees, your contribution rate is based on … State University Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383d …
https://www.osc.ny.gov/retirement/publications/1823/contributing-toward-your-retirementRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… Tier 2 and 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your retirement … would be. Tier 5 and 6 Members If you retire with an outstanding loan, your retirement benefit will be … retirement benefit would be permanently reduced by an outstanding loan balance at retirement. The approximate …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanOverview – Special 20- and 25-Year Plans
… on your years of credited service and your final average earnings (FAE). Your FAE is the average of your highest three consecutive years of earnings.* Usually these … before April 1, 2024, your FAE was the average of your highest five consecutive years of earnings. …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/overviewState Comptroller DiNapoli Releases School Audits
… filters were in place, district officials did not monitor for inappropriate use in accordance with the board policy. … is located in a non-secure location, increasing the risk for unauthorized access to the network. Mamaroneck Union Free … were not provided with guidelines to properly account for and oversee the district's 49 ECA clubs. …
https://www.osc.ny.gov/press/releases/2018/10/state-comptroller-dinapoli-releases-school-auditsState Agencies Bulletin No. 2328
… Purpose: As we prepare for enactment of the 2025-26 NYS budget, OSC would like to … (00640, 00650). However, although funds will be released for these agencies, direct deposit advices will not be mailed … budget is not passed or a budget extender bill to provide for the continuing operation of State government is not …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2328-paycheck-distribution-and-release-direct-deposit-funds-preparationState Agencies Bulletin No. 2420
… Purpose: As we prepare for enactment of the 2026-27 NYS budget, OSC would like to provide notice of … funds into employee bank accounts. The distribution of paychecks and direct deposit advice may also be delayed. The Division of the Treasury holds both the paychecks and electronic files until the Legislature passes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2420-paycheck-distribution-and-release-direct-deposit-funds-preparationEmployer E-News Archive — 2024
… Prepayment Deadline is December 15 Reporting Tip: Use the Enhanced Reporting Excel Tool Avoid Costly Issues for Your Employees—Submit Your Monthly Report on Time Set Up Your … Made the Switch May 2024 E-News was not published in May. April 2024 New State Budget Affects NYSLRS …
https://www.osc.ny.gov/retirement/publications/employer-e-news-archive-2024State Agencies Bulletin No. 1165
… BU21 Deficit Reduction Plan. Affected Employees Employees in Bargaining Unit 21 Effective Date(s) Immediately … WRK ADJ” report. The adjustment represents a reduction in the days worked for the 2011-2012 fiscal year. Agency … to the various tiers, if there are no other reduction in days reported (i.e. lost time), there will be no impact on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1165-2011-2012-days-worked-adjustment-bargaining-unit-21Village of Spencerport – Financial Management (2013M-134)
… Purpose of Audit The purpose of our audit was to review the Village’s financial management … 1, 2011, through April 25, 2013. Background The Village of Spencerport is located in the Town of Ogden in Monroe … Village of Spencerport Financial Management 2013M134 …
https://www.osc.ny.gov/local-government/audits/village/2013/09/13/village-spencerport-financial-management-2013m-134Accidental Death Benefit – Article 14 Benefits
… to your beneficiaries, in this order: To your surviving spouse, provided he or she has not renounced survivorship …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitAdditional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveProtect Yourself from Scams
… to Retirement Online , aimed to trick users and capture login credentials. Please be aware, we currently do not have … and avoid using search engines to find a link for the login page. AI: A New Tool for Scams You should also be aware of …
https://www.osc.ny.gov/retirement/resources/protect-yourself-scamsService Retirement Benefit – Forest Rangers Plan
… Eligibility You may retire at any age after completing 25 years of forest ranger … total benefit cannot exceed 75 percent of your FAS if you are a Tier 1 member, or 61.67 percent of your FAS if you are …
https://www.osc.ny.gov/retirement/publications/1864/service-retirement-benefitApplying for Previous or Military Service Credit – Article 14 Benefits
… To receive credit for previous or military service, send a … must be received before your effective date of retirement) to our Member & Employer Services Bureau. Include as much … is a cost, it will be less expensive than if you wait to purchase it at a later date. You will stop making the 3 …
https://www.osc.ny.gov/retirement/publications/1644/applying-previous-or-military-service-creditContributing Toward Your Retirement – State Police Plan
… However, you can make voluntary annuity savings contributions, which will earn interest and provide an … whole percentage from 1 percent to 10 percent. Voluntary contributions are taken after taxes. At retirement, the … your contribution rate. Part-time employee contribution rates are determined based on annualized wages. After three …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementLimitations – New Career Plan
… FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in your FAS calculation if: Your date of membership is before April 1, 1972; and Your FAS is based on the 36 months of … from the computation of your FAS. Payment for accumulated vacation is not included in the calculation of your FAS. Tier …
https://www.osc.ny.gov/retirement/publications/1515/limitationsLimitations – Police and Fire Plan
… Tier 1 If your date of membership is June 17, 1971, or later, the wages in any 12-month period …
https://www.osc.ny.gov/retirement/publications/1512/limitationsPre-Retirement Consultations
… (Return to Top) Our Office Locations Albany 110 State Street Albany, NY 12244 Hours: 8:30 am–4:30 pm Days: Usually … on federal holidays. Buffalo Ellicott Square Building 295 Main Street, Suite 893 Buffalo, NY 14203 Hours: 9 am–noon and … federal holidays. Syracuse Marriott Syracuse Downtown 100 East Onondaga Street Syracuse, NY 13202 Hours: 9 am–noon and …
https://www.osc.ny.gov/retirement/members/pre-retirement-consultationsService Retirement Benefit – State Police Plan
… at any age after completing 20 full years of creditable service. State Police officers must retire by the last day of … 60th birthday occurs. You must file an Application for Service Retirement to receive benefits even if you are … to age. The Benefit With at least 20 years of creditable service , your pension will be: 50 percent of your FAE; plus …
https://www.osc.ny.gov/retirement/publications/1518/service-retirement-benefitOverview – Regional State Park Police Plan
… Overtime earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in … a result of working your vacation; Any form of termination pay; Payments made in anticipation of retirement; Lump sum …
https://www.osc.ny.gov/retirement/publications/1867/overview