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Available Options – Article 14 Benefits
… the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one … If your beneficiary dies before you, all payments will cease upon your death. Pop-Up/Joint Allowance — Full or Half* … Single Life Allowance at retirement, and all payments will cease upon your death. Five Year Certain and Ten Year Certain …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsIRS Pension Limitation – New Career Plan
… 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on or after April 1, 1996, and currently excludes earnings …
https://www.osc.ny.gov/retirement/publications/1515/irs-pension-limitationIRS Pension Limitation – Career Plan
… 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on or after April 1, 1996, and currently excludes earnings …
https://www.osc.ny.gov/retirement/publications/1642/irs-pension-limitationIRS Pension Limitation – Non-Contributory Plan with Guaranteed Benefits
… 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on or after April 1, 1996, and currently excludes earnings …
https://www.osc.ny.gov/retirement/publications/1513/irs-pension-limitationIRS Pension Limitation – Police and Fire Plan
… 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. It affects members who first join on or after April 1, 1996, and currently excludes earnings …
https://www.osc.ny.gov/retirement/publications/1512/irs-pension-limitationIRS Pension Limitation – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New … and Local Retirement System, may use in the calculation of benefits. It affects members who first join on or after …
https://www.osc.ny.gov/retirement/publications/1511/irs-pension-limitationAbout this Report – 2021 Financial Condition Report
… with an overview of the financial condition of New York State. It presents selected financial, economic, and … format. The report also presents basic information on trends in State receipts (revenues) and spending … balance and making required debt service payments and pension contributions. …
https://www.osc.ny.gov/reports/finance/2021-fcr/about-reportDiNapoli: NYS Common Retirement Fund Rises to Estimated $180.7 Billion
… The New York State Common Retirement Fund’s (Fund) value grew to an … first quarter ending June 30, 2014, according to New York State Comptroller Thomas P. DiNapoli. The Fund had ended the state’s Fiscal Year 2014 on March 31 with a value of $176.8 … The New York State Common Retirement Funds Fund value grew to an estimated …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-nys-common-retirement-fund-rises-estimated-1807-billionState Agencies Bulletin No. 875
… annual percentage increase, if any, for compensation and pension benefits administered by the U.S. Department of … Veterans Affairs the 2009 annuity increase will be based on the rate in effect as of the 9/1/08 annuity decrease (see … is effective 1/1/09; paychecks dated 1/28/09 OSC Actions On January 21, 2009, OSC will update all pensioner and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/875-2009-blind-veterans-annuity-increaseState Agencies Bulletin No. 2237
… fields are: Field Name Type Length Field Begin Field End Birthdate Date 8 6453 6460 Field Name Type Length Field Begin Field End Coverage Elect Char 1 6461 6461 Interface File Layouts …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2237-changes-nhrp501-agency-master-file-include-additional-fieldsState Agencies Bulletin No. 856
… for the payment of the Over 40 Compensatory Time II Cash Out for eligible employees. Affected Employees Employees in … in October of each year of the program to elect to cash out up to 120 hours of accrued Over 40 Comp Time. For … 40 Compensatory Time II program is 240. Employees may cash out up to 120 hours of accrued Over 40 Compensatory Time once …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/856-2008-csea-pef-and-rrsu-over-40-compensatory-time-ii-cash-outEligibility, Your Vested Benefit and Filing – Article 14 Benefits
… Social Security benefit. Filing To receive your vested pension at the earliest possible date, file a retirement … Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/eligibility-your-vested-benefit-and-filingState Agencies Bulletin No. 1921
… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the new … Association of New York State, Inc (PBA), provides for the change in the calculation of overtime for the Agency Police … Special Wage Payments for Individuals Who Filed for Retirement Social Security Benefits Per Internal Revenue …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1921-changes-calculation-and-retroactive-adjustment-pre-shift-briefingState Agencies Bulletin No. 2376
… of Understanding (MOU) dated 01/02/2025 between the State of New York and PEF provides for retroactive 2023, 2024 … earnings are taxable income subject to all employment taxes and income taxes, will be included in the employee’s … payment. Recipients of this mailing will be asked to fill out the request and return it to OSC for inclusion on the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2376-retroactive-2023-2025-increases-annual-stipend-canine-handlersAccidental Disability – Article 14 Benefits
… disability retirement benefit if: You are unable to perform your duties because of a permanent physical or … benefit. The Benefit This benefit is a pension equal to one-half (50 percent) of your FAS and is reduced by 100 … reduction begins at age 62. The benefit is also subject to full escalation. Learn more about escalation. Filing You, …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityComptroller DiNapoli & A.G. Schneiderman Announce Sentencing of Defendants in Elaborate Multi-Million Dollar Bid-Rigging Case Involving Public Contracts
… State Comptroller Thomas P. DiNapoli and Attorney General … Monroe County taxpayers with millions in costs,” said State Comptroller Thomas P. DiNapoli. “These cases send a … in Monroe County Court to serve 2 and 1/3 to 7 years in State Prison and to pay a total of $600,083.70 in restitution …
https://www.osc.ny.gov/press/releases/2016/05/comptroller-dinapoli-ag-schneiderman-announce-sentencing-defendants-elaborate-multi-million-dollarDiNapoli Highlights Investment in Rochester Region Through State Pension Fund
… like Ambrell, we can continue to deliver positive results for the Fund and for our local communities. We still have more than $370 … rate returns consistent with the risk of private equity for the Fund while expanding the availability of capital for …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-highlights-investment-rochester-region-through-state-pension-fundDeath Benefits – Divorce and Your Benefits
… for an ordinary death benefit if a member dies while in active service (before retiring) . It is payable to the … a member to designate the ex-spouse to receive a portion of the ordinary death benefit. The ex-spouse’s portion is … as beneficiary of certain benefits is revoked following a divorce, annulment, or judicial separation, once NYSLRS …
https://www.osc.ny.gov/retirement/members/divorce/death-benefitsOpinion 88-76
… moneys appropriated by a village to a village public library must be credited to the library fund and not to the village general fund. EDUCATION … §11: Moneys donated by private persons to a village public library may be invested by the library trustees in … the investment of moneys appropriated by the village for library purposes is credited to the library fund …
https://www.osc.ny.gov/legal-opinions/opinion-88-76State Comptroller DiNapoli Releases Municipal Audits
… at the end of activities. Frankfort Hill Volunteer Fire Company – Financial Activities (Herkimer County) Auditors … of. In addition, town officials did not adequately monitor fuel use, which resulted in 9,216 gallons of unrecorded fuel used at the highway facility, valued at $20,576. Also, …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-dinapoli-releases-municipal-audits