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DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… the reduction in employer contribution rates is welcome news for taxpayers, our investment decisions are always made …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemMember E-News Archive — 2023
… up to make sure you receive the latest Retirement System news. December 2023 Help Us Go Green and Get Your 1099-R … Literacy and Retirement Becoming Vested March 2023 E-News was not published in March February 2023 NYSLRS … The latest Retirement System news for NYSLRS members and retirees …
https://www.osc.ny.gov/retirement/publications/member-e-news-archive-2023DiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year 2019-20 will be in line with the previous year, with the Employees' Retirement System (ERS) getting a slight decrease and the … Employer contribution rates for the states pension system in State Fiscal Year 201920 will be in line …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020How the Program Works – Contribution Stabilization Program
… determines an employer’s annual contribution according to its usual procedures. The CSP does not change these … if the employer is eligible to amortize or required to make a graded payment. If the normal contribution exceeds the …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… year for the Employees’ Retirement System (ERS) with a small increase in rates for the Police and Fire Retirement … on investments from 7 percent to 6.8 percent, anticipating a lower return investment environment. “Each year, for the … average employer contribution rate for PFRS will increase by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredState Agencies Bulletin No. 1275
… Purpose To notify agencies of the new deduction codes 616 PAF Retirement Before Tax (PAF BTX) and 618 PAF Arrears Before Tax (PAF ARBTX) established for members of the New York State Police and Fireman … To notify agencies of the new deduction codes 616 PAF Retirement Before Tax PAF …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1275-new-deduction-code-616-paf-retirement-tax-paf-btx-and-new-deductionNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… (PFRS). NYSLRS is made up of these two systems, which pay service and disability retirement benefits to public … hurt Main Street, we are fortunate that our state pension fund entered this uncertain time as one of the strongest and … factors such as the types of retirement plans they adopt, salaries and the distribution of their employees among the …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22What Not to Report – Legacy Reporting
… by the IRS constitute salary as defined by the Retirement and Social Security Law. The following payments should not be … (nor should contributions be taken from these payments) and will be excluded from the retirement calculation if … that exceeds the annual overtime limitation for Tier 5 and Tier 6 ERS and PFRS (15 percent of regular salary) …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… if you have voluntary contributions on file. Tier 2 and 3 (Article 11) Members The following rules apply when … are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum loan …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributions2025 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2024, 2025 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2025.pdfDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the Employees’ Retirement System (ERS) and … fund will continue to be one of the nation’s strongest and best funded, ready to provide retirement security for … 2022. NYSLRS is consistently ranked among the nation’s best funded, best managed retirement systems in the nation. A …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Town of Shandaken – Payroll (2013M-201)
… of our audit was to assess the Town’s payroll process for the period January 1, 2012, to January 31, 2013. … four Board members. The Town’s general fund expenditures for the 2012 fiscal year totaled $3,035,009, of which $1,574,274 were for payroll-related expenditures. Key Findings The Secretary …
https://www.osc.ny.gov/local-government/audits/town/2013/10/02/town-shandaken-payroll-2013m-201Reporting Member Contributions – Enhanced Reporting
… You report contributions through the file upload process … contributions will be returned to you if identified within one year of when the overpayment occurred. You will be credited for the …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/reporting-member-contributionsEmployer Billing
… of your annual invoice is based on the retirement plans and options you offer, the contribution rates for those plans and options, and the pensionable earnings reported to NYSLRS for members … billing including invoices contribution rates earnings and adjustments amortization programs and more …
https://www.osc.ny.gov/retirement/employers/employer-billing2025 Police and Fire Retirement System Final Rates
Contribution rates for participating employers of the Police and Fire Retirement System (PFRS) — fiscal year 2024, 2025 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-pfrs-2025.pdf2026 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2025, fiscal year 2026 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2026.pdfBorrowing Against Your Contributions – State Police Plan
… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 2 Members The following rules apply … loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so you must have … in to your Retirement Online account , then look under “My Account Summary” to see the available self-service loan …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0Service Credit for Tiers 2 through 6
… and service information your employer reports to us. You can see your total estimated service credit in Retirement … for additional service, you must request it. See the How to Request Credit section for details. Your request will … system while you have active memberships in both systems, i.e., your memberships have not been withdrawn or terminated. …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-62026 Police and Fire Retirement System (PFRS) Final Rates
Contribution rates for participating employers of the Police and Fire Retirement System (PFRS) — fiscal year 2025, fiscal year 2026 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-pfrs-2026.pdfState Agencies Bulletin No. 1892
… on Pension/Retirement Plans Qualified Transportation & Parking Fringe Benefits Limit Mileage Rates Individual … for additional information. Pre-Tax Benefits Qualified Parking Benefits The maximum exclusion from gross income for qualified parking benefits has remained the same at $270 per month in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1892-summary-tax-related-changes-2021