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Borrowing Against Your Contributions – Article 14 Benefits
… balance when you retire will permanently reduce your pension. You cannot pay off your loan once you retire. The amount of your pension reduction will be based on your age, the loan balance … changes annually. At Age Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $232 $10,000 $464 55 $5,000 $279 …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
… 5LINX, a telecommunications company located in Rochester, has generated an estimated $6.7 … 5LINX has operations in the United States and Canada. The company provides a range of telecommunications and other services for residential and business clients. The company, founded in 2001, was one of Inc. magazine’s 500 …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundState Agencies Bulletin No. 2181
… is to inform agencies that employees with NYSPO access can opt out of receiving a paper Form W-2 statement for the … in a way that demonstrates that the employee can access the statement in the electronic format in which it … at any time during the year, but consent for 2023 W-2s can be provided no later than January 10, 2024. OSC will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2181-new-york-state-payroll-online-nyspo-electronic-delivery-2023-form-w-2State Agencies Bulletin No. 2282
… is to inform agencies that employees with NYSPO access can opt out of receiving a paper Form W-2 statement for the … in a way that demonstrates that the employee can access the statement in the electronic format in which it … at any time during the year, but consent for 2024 W-2s can be provided no later than January 8, 2025 . OSC will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2282-new-york-state-payroll-online-nyspo-electronic-delivery-2024-form-w-2State Agencies Bulletin No. 2385
… is to inform agencies that employees with NYSPO access can opt out of receiving a paper Form W-2 statement for the 2025 … Employees: Employees enrolled in NYSPO who have chosen to opt out of receiving a paper Form W-2 statement are affected. … if the following requirements are met: All employees who opt out of receiving a paper Form W-2 statement must provide …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2385-new-york-state-payroll-online-nyspo-electronic-delivery-2025-form-w-2State Agencies Bulletin No. 2083
… is to inform agencies that employees with NYSPO access can opt out of receiving a paper Form W-2 statement for the 2022 … Employees Employees enrolled in NYSPO who have chosen to opt out of receiving a paper Form W-2 statement are affected. … Effective Dates Employees may provide consent to opt out of receiving a paper Form W-2 statement at any time …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2083-new-york-state-payroll-online-nyspo-electronic-delivery-2022-form-w-2DiNapoli: Major Retailers Agree to Report on Efforts to Protect Human Rights, Workplace Safety
… Retirement Fund (Fund) that asked the companies to report on how they monitor their overseas apparel suppliers and … DiNapoli's proposals asked each company to report on the steps they are taking, or plan to take, to monitor the … , wrote letters to selected companies asking them to call on their overseas suppliers to implement the core labor …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-major-retailers-agree-report-efforts-protect-human-rights-workplace-safetyDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… Although year-to-date collections continue to lag prior year results, tax … through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the … Although yeartodate collections continue to lag prior year results tax collections through February …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsAccidental Disability – Special 20- and 25-Year Plans
… job as the natural and proximate result of an on-the-job accident not due to your own willful negligence, you may be … benefit regardless of the amount of service you have. “Accident” has a specific meaning with NYSLRS disability … benefits. We determine whether an incident is an “accident” on a case-by-case basis, using court decisions for …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityTown of Highlands – Receiver of Taxes and Assessments (2021M-120)
Determine whether the Town of Highlands (Town) Receiver of Taxes and Assessments (Receiver) properly billed, collected, and disbursed taxes, fees and penalties.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/highlands-2021-120.pdfState Agencies Bulletin No. 2313.1
… Status: Updated Qualifying Service Eligibility to include time worked at Roswell Park; Added Qualifying … Bulletin No. 2313 Purpose: The purpose of this bulletin is to provide agencies with information regarding the change … Sum Payment (Earnings Code LLS) based on years at job rate to a Longevity Service Payment (Earnings Code LGS) based on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/23131-longevity-service-payment-employees-eligible-bargaining-unitState Agencies Bulletin No. 2147
… Pay and Location Mid-Hudson Pay and provide instructions for payments not processed automatically. Affected Employees: … York and the Public Employees Federation (PEF), provides for a retroactive increase in Location Pay for employees located Downstate who are currently receiving …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2147-april-2023-retroactive-increases-location-pay-and-location-mid-hudsonState Agencies Bulletin No. 2146
… Pay and Location Mid-Hudson Pay and provide instructions for payments not processed automatically. Affected Employees: … Trustees Resolution authorizing the Location Pay increase for fiscal year 2023-2024 for all eligible Management and Confidential employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2146-april-2023-retroactive-increases-location-pay-and-location-mid-hudsonDiNapoli: Audit Finds State Falling Short in Helping People with Disabilities Find Work
… actually eligible for the benefits for which they provide notifications. DiNapoli’s auditors found that many … Auditors also found system customers may not be receiving notifications on important benefits for which they may be eligible, as notifications are delivered only via email and less than half …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-audit-finds-state-falling-short-helping-people-disabilities-find-workChautauqua Utility District – Banking (2017M-121)
… if banking transactions were adequately safeguarded for the period January 1, 2014 through March 27, 2017. … the Town of Chautauqua in Chautauqua County, provides water, sewer and lighting services to approximately 1,400 … segregated financial duties to properly monitor banking activities. Our analysis of electronic transfers to the …
https://www.osc.ny.gov/local-government/audits/district/2017/10/13/chautauqua-utility-district-banking-2017m-121Update Your Contact Information
… NYSLRS has your current mailing address, phone number and email address. That way you’ll be sure to receive the tax information, news, correspondence and statements we send you. If you don’t already have an … a personal email address you will have access to before and after you retire, not a work address. Note: Updating your …
https://www.osc.ny.gov/retirement/update-your-contact-informationNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2023
… complex. The federal budget plays an integral role in state economies and budgets. New York received an estimated $96.7 billion in federal receipts in State Fiscal Year 2024-25, representing 38.8 percent of …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2023Overtime Limits for Tier 5
… Overview For members of Tier 5, the New York State Retirement and Social Security Law limits the amount of overtime pay included in the calculation of your final … earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more than the annual limit, it will not …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5DiNapoli: Woman Arrested for Stealing Deceased Sister's Pension Checks
… State Comptroller Thomas P. DiNapoli and Brooklyn District Attorney Eric Gonzalez today announced the … the Bronx, is charged with illegally cashing 20 checks in Brooklyn for nearly $8,000 issued by the New York State and … law abiding taxpayers end up paying the price,” said Brooklyn District Attorney Gonzalez. “I would like to thank …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-woman-arrested-stealing-deceased-sisters-pension-checksDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… growth has continued this year, bolstering markets in the second quarter,” DiNapoli said. “Our diverse portfolio … As of Sept. 30, the Fund had 42.01% of its assets invested in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.22%), private equity …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarter