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Service Credit Purchase Payments – Legacy Reporting
… spread over a period of time equal to or less than the number of months they are purchasing. For example, if the … through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsBorrowing Against Your Contributions – Article 14 Benefits
… Retirement System. Before you apply, you should be aware of the federal tax laws pertaining to Retirement System … tax consequences for you. You do not make the required payments on your loan at least once every three months or do … be for a minimum of $1,000, so you must have an account balance of at least $1,334. The total of all your loans may …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsOpinion 88-65
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … collecting officer to persons not paying the tax and the charging of a fee therefor. This is in reply to your letter …
https://www.osc.ny.gov/legal-opinions/opinion-88-65DiNapoli: April Local Sales Tax Collections Up Nearly 46 Percent From 2020
… Local government sales tax collections in April grew by 45.7 … climb in the vaccination rates,” DiNapoli said. “However, local governments must monitor changing economic conditions … their finances.” Much of this spike in monthly statewide local sales taxes over last year reflects the extremely weak …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-april-local-sales-tax-collections-nearly-46-percent-2020DiNapoli: Pennsylvania Man Who Impersonated Deceased Father to Steal $194K in NYS Pension and Social Security Payments Sentenced to 5 Years in Prison
… A Pennsylvania man who stole $194,000 of retirement benefits paid to his … held accountable. My office will continue to bring anyone who seeks to defraud the pension system to justice.” “Timothy … A Pennsylvania man who stole $194000 of retirement benefits paid to his deceased …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-pennsylvania-man-who-impersonated-deceased-father-steal-194k-nys-pension-and-social-securityDiNapoli: New York on Stronger Financial Footing
… New York state ended the 2013-14 fiscal year in the strongest … streams to attain balance. “After a tough few years, New York state is in better fiscal shape thanks to an … in this year’s budget. My concern continues to be for New York to achieve long-term structural budget balance. When …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingState Agencies Bulletin No. 2082
… officer status under Section 2.10 of the New York State Criminal Procedure Law; and Assigned to carry a firearm; and … but has been paid by all agencies in the same Employee Record Number since the effective date of the payment, all … officer status under Section 2.10 of the New York State Criminal Procedure Law; and Assigned to carry a firearm; and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2082-2021-2022-public-employees-federation-pef-firearms-training-and-safetyState Agencies Bulletin No. 1836
… of this bulletin is to describe new Time Entry Earns codes to be used to report and track overtime worked due to … activities. To facilitate tracking in PayServ, new Earns codes have been created. Please note, the tracking of these … eligible. OSC Actions OSC has created the following Earns codes in PayServ to enable agencies to track overtime related …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1836-reporting-overtime-related-covid-19Unified Court System Bulletin No. UCS-352
… ), Next of Kin Affidavit ( AC 934-P ), and original death certificate should be submitted to the Payroll Reversal and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-352-april-2025-unified-court-system-ucs-judicial-longevity-paymentAccidental Disability – Special 20- and 25-Year Plans
… disability retirement must be submitted while you are in service or within two years of your discontinuance from service. The law defines “in service” as: Being paid on the payroll; or On an …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityState Agencies Bulletin No. 2035
… Employees: Employees with 15 years of cumulative service in APSU or any predecessor unit are affected. Background: … biweekly seniority pay. Agencies must submit transactions in Administration Pay Period 7L, paycheck dated 07/20/2022 … Pay Period 7L, the agency should submit the transaction in the pay period the employee becomes eligible. Eligibility …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2035-new-15-year-seniority-pay-eligible-members-agency-police-services-unitOvertime Limits for Tier 5
… Overview For members of Tier 5, the New York State Retirement and Social Security Law limits the … ERS Tier 5 Members Your overtime limit increases each calendar year by 3 percent. Refer to the table below for your … $27,091.67 2029 $26,302.59 2028 $25,536.50 2027 $24,792.71 2026 $24,070.60 2025 $23,369.51 2024 $22,688.85 2023 …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-520-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… a member or officer of the New York State Police; Service in the U.S. military, as specified by law; or Other prior … service on the last day of the month following the month in which you turn 65. If you are over age 65 when your … service, plus 1.66 percent of your FAE per year of service in other allowable government titles. The maximum benefit …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dOpinion 88-76
… or statutory amendments that bear on the issues discussed in the opinion. LIBRARIES -- Investments (of private moneys) … public library may be invested by the library trustees in investments which they deem to be for the best interests of the library, and need not be invested in the manner specified in General Municipal Law, §11. …
https://www.osc.ny.gov/legal-opinions/opinion-88-76Applying for Benefits – State Police Plan
… application with the Office of the State Comptroller in a timely manner. You can file for a service retirement benefit online. Sign in to your Retirement Online account , go to the ‘My Account … are provided for each of the benefits described in this plan book. If you need help, you can call …
https://www.osc.ny.gov/retirement/publications/1518/applying-benefitsLoans – Divorce and Your Benefits
… NYSLRS , unless the DRO on file specifically prohibits loans. If the member has an outstanding loan balance at … pension calculated without reference to any outstanding loans, the ex-spouse’s share will also be reduced. NYSLRS cannot apply a hypothetical loan reduction based on loans existing at the time of commencement of the divorce …
https://www.osc.ny.gov/retirement/members/divorce/loansChautauqua Utility District – Banking (2017M-121)
Chautauqua Utility District Banking 2017M121
https://www.osc.ny.gov/local-government/audits/district/2017/10/13/chautauqua-utility-district-banking-2017m-121DiNapoli: NYC Projects Surplus in the Current Year but Faces Budget Risks in the Years Ahead
… 2019 fiscal year (FY) surplus is expected to grow as the year progresses with continued strong revenue collections and the reallocation of unneeded reserves, but the city faces significant budget gaps and risks in the coming years, according to a report released today by …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-nyc-projects-surplus-current-year-faces-budget-risks-years-aheadAdministration and Collection of Real Estate Transfer Taxes (Follow-Up)
… Objective To determine the extent of implementation of the two … 31 as a tax on the transfer of real property, applies to sales or conveyances of New York real property or … must pay the tax. An additional RETT of 1% applies to conveyances of residential real property when the …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followOrdinary Death Benefit – Forest Rangers Plan
… and your death is not attributable to an on-the-job accident. The beneficiaries of active (not retired) members … of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. …
https://www.osc.ny.gov/retirement/publications/1864/ordinary-death-benefit