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State Agencies Bulletin No. 1884
… agencies that the pensionable overtime earnings limit for Tier 5 Employee Retirement System (ERS) and Tier 5 Teacher’s Retirement System (TRS) members for calendar year 2021 is $20,763.51. Affected Employees Employees who are Tier 5 members of ERS Plan Type …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1884-tier-5-pensionable-overtime-earnings-limit-calendar-year-2021-employeesOpinion 88-64
… AUTHORITIES -- Officers and Employees (employee health and dental benefits) PUBLIC OFFICERS AND EMPLOYEES -- Compensation (health and dental benefits for housing authority employees) MUNICIPAL … public housing authority to provide employee health and dental benefits) INSURANCE -- Health Insurance (authority to …
https://www.osc.ny.gov/legal-opinions/opinion-88-64State Agencies Bulletin No. 1756
… - Field Capt LISPRC LFG 019562 - Lifeguard 2 Background All eligible members of PSNU who are included in Bargaining … as describe above in the Eligibility Criteria Section. All subsequent rows for that fiscal year will also be … as describe above in the Eligibility Criteria Section. All subsequent rows for that fiscal year up will also be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1756-april-2016-april-2017-and-april-2018-retroactive-salary-increases-stateDivorce – Special 20- and 25-Year Plans
… benefit payable. You may be required to elect a pension payment option that provides a continuing benefit to your … designations for certain death benefits and pension payment options are automatically revoked when a divorce, … death benefit; Cash Refund — Contributions pension payment option (Tiers 2 and 3); Five and Ten Year Certain …
https://www.osc.ny.gov/retirement/publications/1517/divorceEligibility, the Benefit and Filing – New Career Plan
… between ages 55 and 62. 1 Regardless of tier, if you work for an employer that offers a special plan (that allows … your benefit will be 1/50th (2 percent) of your FAS for each year of service credit. With less than 20 years of … your benefit will be 1/60th (1.66 percent) of your FAS for each year of service credit. If you made voluntary …
https://www.osc.ny.gov/retirement/publications/1515/eligibility-benefit-and-filingPartial Lump Sum Payment – Regional State Park Police Plan
… receive a reduced lifetime retirement benefit in exchange for a one-time lump sum payment. The lump sum payment is made … been eligible to retire with a service retirement benefit for at least one year prior to your date of retirement; and … benefit).* Choosing a Lump Sum Payment When you file for retirement, if you are eligible for PLS, we will send you …
https://www.osc.ny.gov/retirement/publications/1867/partial-lump-sum-paymentDivorce – State University Police Plan
… a distribution of your pension until you actually retire, die or terminate membership. The Retirement System offers an …
https://www.osc.ny.gov/retirement/publications/1823/divorcePartial Lump Sum Payment – En-Con Police Officers Plan
… receive a reduced lifetime retirement benefit in exchange for a one-time lump sum payment. The lump sum payment is made … been eligible to retire with a service retirement benefit for at least one year prior to your date of retirement; and … retirement).* Choosing a Lump Sum Payment When you file for retirement, if you are eligible for PLS, we will send you …
https://www.osc.ny.gov/retirement/publications/1822/partial-lump-sum-paymentPartial Lump Sum Payment – State University Police Plan
… Retirement System members can choose to receive a reduced lifetime retirement benefit in exchange for a one-time lump … retirement benefit for at least one year prior to your date of retirement; and Retire with a service retirement (not … standard retirement option you want for your continuing lifetime benefit. Lump Sum Payment Amounts If you file for …
https://www.osc.ny.gov/retirement/publications/1823/partial-lump-sum-paymentPartial Lump Sum Payment – Forest Rangers Plan
… Retirement System members can choose to receive a reduced lifetime retirement benefit in exchange for a one-time lump … retirement benefit for at least one year prior to your date of retirement; and Retire with a service retirement … standard retirement option you want for your continuing lifetime benefit. Lump Sum Payment Amounts If you file for …
https://www.osc.ny.gov/retirement/publications/1864/partial-lump-sum-paymentComptroller DiNapoli Releases School Audits
… Academy and Central School District and the Westhampton Beach Union Free School District . “In an era of limited … generated more than $32 million since 2006-07. Westhampton Beach Union Free School District – Claims Processing (Suffolk … Academy and Central School District and the Westhampton Beach Union Free School District …
https://www.osc.ny.gov/press/releases/2015/12/comptroller-dinapoli-releases-school-auditsDivorce – State Police Plan
… provides a continuing benefit to your ex-spouse when you die. Your ex-spouse may be entitled to a portion of your … retirement benefits should be divided when you retire, die or terminate your membership. We will also need a …
https://www.osc.ny.gov/retirement/publications/1518/divorceComptroller DiNapoli Releases Municipal Audits
… and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal finances …
https://www.osc.ny.gov/press/releases/2014/10/comptroller-dinapoli-releases-municipal-audits-1DiNapoli Proposes More Transparency for Fire Protection Costs
… to incorporated volunteer fire companies. DiNapoli's legislation would require any incorporated fire company to … New York that implements best practices." DiNapoli's legislation is supported by the Firemen's Association of the … lead to lack of civic understanding, limited participation in budget hearings and special elections, and not enough …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-proposes-more-transparency-fire-protection-costsSecurities Coordinating Committee
… Bond Issuance Calendar (SCC Schedule of Debt Issuances) Contacts: Pat Reale ( [email protected] ) … Brass ( [email protected] ) The Securities Coordinating Committee (SCC) was established by Executive Order of the … The Comptroller of the State of New York chairs the committee and convenes its quarterly meetings. The State …
https://www.osc.ny.gov/debt/securities-coordinating-committeeComptroller DiNapoli Releases Municipal Audits
… , Nanticoke Volunteer Fire Department and Oswego County . “In today’s fiscal climate, budget transparency and … a potential revenue shortfall of approximately $15,000 in the first year of operation. Town of Busti – Taxpayer … did not properly budget or allocate approximately $135,000 in highway equipment purchases between the town-wide and …
https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-municipal-audits-1Becoming a Participating Employer – What Every Employer Should Know
… related to years of service and final average earnings, as well as death and disability retirement benefits. The process … request the cost for participating using our help desk form (select “How to Become a NYSLRS Employer” from the …
https://www.osc.ny.gov/retirement/employers/partnership/becoming-participating-employerTransaction Number Requirement
… will be required to provide a Transaction Number for each procurement transaction in the Procurement Report. A … will be required to provide a Transaction Number for each procurement transaction in the Procurement Report …
https://www.osc.ny.gov/public-authorities/transaction-number-requirementDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… announced today an estimated 13.02 percent rate of return for the New York State Common Retirement Fund (Fund) now … at an estimated $176.2 billion, the highest amount ever, for fiscal year ending March 31, 2014. “It was a stellar year for us. The Fund grew in value to a historic high of $176.2 …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionDiNapoli Statement on the MTA's July Financial Plan
… ridership is now forecasted to be 61% this year and 79% in 2026, a far cry from the 77% and 87% that was expected in the MTA’s February Plan, leading to a sustained drop in revenues. The MTA’s current projections could become even …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-statement-mtas-july-financial-plan