Search
CUNY Bulletin No. CU-653
… Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy-Out Waiver Program Background The … Program. Employees receive an annual incentive payment in exchange for waiving their City health benefits when other … Actions A listing of employees who elect to participate in the Health Benefits Buy-Out Waiver Program is sent to the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-653-city-university-new-york-cuny-health-benefits-buy-outState Agencies Bulletin No. 1760
… Article 49 of the 2016-2021 ASU Agreement between the State of New York and the Civil Service Employees Association … is subject to all employment and income taxes. Federal, State and New York City income tax withholding will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1760-2019-work-related-clothing-allowance-asu-employees-title-racingState Agencies Bulletin No. 1747
… Purpose To notify agencies of changes in maintenance rates for employee housing and meals Affected Employees Employees with deductions for employee housing and/or meals using Deduction Code 401 … Note : Item B-300 and B-300A includes information for specific unions/bargaining units. The Determining …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1747-change-maintenance-rates-employee-housing-and-mealsDivorce – Article 14 Benefits
… designations for certain benefits are revoked when a divorce, annulment or judicial separation becomes final. An … on how your pension benefits can be affected by divorce, consult your attorney, contact our Matrimonial … our guide to Domestic Relations Orders and review our Divorce FAQs . … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/divorceCost-of-Living Adjustment – Article 14 Benefits
… or older and retired for ten or more years; or Receiving a disability pension for five or more years. When you die, if you selected an option that pays a lifetime benefit to your beneficiary, and the beneficiary … is your spouse at the time of death, he or she will be eligible to receive half of the COLA amount you would have …
https://www.osc.ny.gov/retirement/publications/1644/cost-living-adjustmentChallenging a Determination – Article 14 Benefits
… pay only those benefits authorized by law, and cannot pay you any benefits if you do not meet all the eligibility requirements established by law. …
https://www.osc.ny.gov/retirement/publications/1644/challenging-determinationMore About This Retirement Plan – Article 14 Benefits
… provided by Article 14 of the Retirement and Social Security Law (RSSL) as enacted by the New York State …
https://www.osc.ny.gov/retirement/publications/1644/more-about-retirement-planAccidental Disability – Article 14 Benefits
… Retirement Benefits (RS6411) with the Office of the State Comptroller. The application should be filed while you …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityOrdinary Disability – Article 14 Benefits
… If approved, this is a benefit equal to the greater of: One-third of your FAS or 2 percent of your FAS for each year … are on an authorized medical leave of absence for up to two years (which may be extended for an additional two years); or When you are receiving Workers’ Compensation, …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityOut-of-Service Death Benefit – Article 14 Benefits
… as soon as possible so we can send the appropriate forms to your beneficiary. … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitAvailable Options – Article 14 Benefits
… life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), nothing will be paid to any beneficiary. Joint Allowance — Full* This option will provide … your birth date and that of your beneficiary. After your death, your beneficiary will receive the same monthly amount …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… Election form (unless notified otherwise, as in the case of disability retirement) before the first day of the …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionSocial Security Adjustment – Article 14 Benefits
… Beginning at age 62, your pension will be reduced by one-half (50 percent) of the … Security benefit — regardless of whether you are actually collecting a benefit from Social Security. The primary Social … … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… it will increase or decrease each April at a rate equal to the increase or decrease in the cost-of-living index or 3 … you begin collecting your service retirement benefit prior to the full escalation date, your benefit may be eligible for … by 1/36th. If you retire more than three years prior to the full escalation date, your benefit will not be …
https://www.osc.ny.gov/retirement/publications/1644/escalationRetirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceEarly Retirement – Article 14 Benefits
… benefit is reduced by 50 percent of your primary Social Security benefit. This retirement benefit is not eligible for … service and a $60,000 FAS Estimated primary Social Security benefit = $12,000 42 percent × $60,000 = $25,200 (20 … At Age 62: $12,000 × 50 percent = $6,000 Primary Social Security Benefit Reduction $27,600 − $6,000 = $21,600 Total …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… (RS6037) must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementEnding Your Membership – Article 14 Benefits
… employment means paid service as an officer or employee of an employer that participates in the New York State and Local Retirement System; Have less than ten years of service credit, leave public employment for at least 15 …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membershipWithdrawing Your Contributions and/or Your Membership – Article 14 Benefits
… credited service, you may choose to: End your membership and withdraw your accumulated contributions (with interest … per year); or Leave your contributions in your account and qualify for a retirement benefit when you become … to withdraw, or you have less than five years of service and do not qualify for a retirement benefit, you should file …
https://www.osc.ny.gov/retirement/publications/1644/withdrawing-your-contributions-andor-your-membershipRetirement System Membership – Article 14 Benefits
… paid firefighters working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must become members of the Retirement System. When you become a Retirement System …
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membership