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Service Retirement Benefits – Special 20- and 25-Year Plans
… for Section 383-e? Members with 20 years or more of creditable service can retire with 50% of their Final Average Earnings (FAE) , plus an additional 1% of their FAE for each year of creditable service beyond 20, …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsVolunteer Firefighters – Travel and Conference Expense Management
… that vary depending on the location of the training school or course of instruction. See Appendix A for more …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/volunteer-firefightersDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… Shuttered Venues Operations. In FFY 2021, federal spending on Medicaid in New York was close to $47.1 billion or $2,373 … series details the differences among the 50 states and what they pay in federal taxes and how much they receive in … FFY 2019. DiNapoli’s analysis for FFY 2020 was the first time a positive balance was reported, $146.2 billion, and …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsPension Payment Options
… after retiring). You must submit proof of your date of birth. Joint Allowance (100%, 75%, 50%, 25%) You will receive … submit proof of both your and your beneficiary’s date of birth. Pop-Up Joint Allowance (100%, 75%, 50%, 25%) You will … submit proof of both your and your beneficiary’s date of birth. Five-Year Certain or Ten-Year Certain You will receive …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsDetermining the Ex-spouse's Share – Divorce and Your Benefits
… State law, pension benefits earned during a marriage are marital assets subject to equitable distribution in the event … of the member’s pension was earned during the marriage (marital share) by dividing years of service credit accrued … that the member and ex-spouse each receive one half of the marital share percentage. 1. Years of service credit accrued …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareDiNapoli: Weak Oversight Leads to Tax Breaks for Ineligible Properties
… has resulted in landowners enrolled in two private forest conservation programs receiving property tax … break for landowners who commit to protect their private forest land, but some property owners are not living up to … incentives are achieving their goal to improve private forest management. The tax benefits received are worth …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-weak-oversight-leads-tax-breaks-ineligible-propertiesComptroller DiNapoli Statement on Elon Musk's Trillion Dollar Pay Proposal & Tesla Board Members
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, … that the Fund will vote against Elon Musk’s proposed 2025 pay package and all directors standing for reelection at Tesla Inc.’s Nov. 6, 2025, Annual Meeting. “Elon Musk’s latest trillion-dollar pay …
https://www.osc.ny.gov/press/releases/2025/10/comptroller-dinapoli-statement-elon-musks-trillion-dollar-pay-proposal-tesla-board-membersUniversity Preparatory Charter School for Young Men - Payroll (2023M-123)
… complete report – pdf] Audit Objective Determine whether University Preparatory Charter School for Young Men (School) … Determine whether University Preparatory Charter School for Young Men School …
https://www.osc.ny.gov/local-government/audits/charter-school/2023/12/01/university-preparatory-charter-school-young-men-payroll-2023m-123State Agencies Bulletin No. 951
… Purpose To inform agencies of OSC’s annual record update process and provide data entry … amount for a combined total contribution limit of $22,000 in 2010. An additional deferment is also available … amount for a combined total contribution limit of $25,000 in 2010. Affected CUNY Employees Employees who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/951-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaLead Contamination of State Armories (Follow-Up)
… The Division of Military and Naval Affairs (Division) is the State’s executive agency responsible for managing New … the implementation of safety measures such as posting warning signs and training all armory employees in lead … all armories were tested for lead and were remediated where excessive levels were detected. The audit found that …
https://www.osc.ny.gov/state-agencies/audits/2021/12/16/lead-contamination-state-armories-followState Agencies Bulletin No. 1535
… Purpose To inform agencies of OSC’s annual record update process and … entry instructions for entering SRA and TDA deductions to ensure compliance with contribution limits. Background … To inform agencies of OSCs annual record update process and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1535-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1448
… These effective dates are as follows: 12/03/2015 Inst Extra Lag (1/07/2016 check date) 12/10/2015 Inst Lag (1/07/2016 check date) 12/24/2015 Inst Current (1/07/2016 check date) 12/17/2015 Admin Lag …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1448-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1621
… record update process and provide data entry instructions for entering SRA and TDA deductions to ensure compliance with … SUNY 403(b) Plan Affected Education Department, School for the Blind and School for the Deaf Employees Employees who currently have the … record update process and provide data entry instructions for entering SRA and TDA deductions to ensure compliance with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1621-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1880
… Ret Ann CUNY 413 NBE Tax Deferred Annuity 414 NYT Tax Deferred Annuity SUNY employees who currently have … 2021. An additional deferment is also available to CUNY (NYT TDA code 414 only) employees who qualify for the 15-Year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1880-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaDeath Benefits
… or beneficiaries. Your beneficiary information is listed in your Retirement Online account and on your Member Annual … For more information, read Getting Your Affairs in Order and A Guide for Survivors . If you are retired, … you have at least one year of service credit and die while in active service, and your death is not the result of an …
https://www.osc.ny.gov/retirement/members/death-benefitsOrdinary Disability – Article 14 Benefits
… Eligibility To qualify for the ordinary disability retirement benefit, you must: Be … Have five years of credited service; and Be eligible for primary Social Security disability benefits. The Benefit … of: One-third of your FAS or 2 percent of your FAS for each year of credited service, up to 25 years. It is …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityDiNapoli: MTA Needs to Improve Efforts to do Business with Minority- and Women-Owned Businesses
… and did not give rationale for the lower target, according to an audit released today by State Comptroller Thomas P. … DiNapoli. “New York’s MWBE program is vitally important to help level the playing field and give qualified companies a chance to do business with the state,” DiNapoli said. “The MTA needs …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-mta-needs-improve-efforts-do-business-minority-and-women-owned-businessesAccidental Disability – Article 14 Benefits
… because of a permanent physical or mental incapacity and It is determined that the disability is the natural and proximate result of an accident sustained in the … are awarded primary Social Security disability benefits and It is determined that the disability is the natural and …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityService Retirement Benefit – Regional State Park Police Plan
… New York State police officer service. Or, you may qualify for a service retirement if you reach age 60 before having … benefit will equal one-half (50 percent) of your FAS. For each year of service beyond 25 years, including service … percent) of your FAS, up to a maximum of 15 years for Tier 1 members and seven years for Tier 2, 3, 5 and 6 …
https://www.osc.ny.gov/retirement/publications/1867/service-retirement-benefitVillage of Nichols – Financial Condition (2013M-50)
… our audit was to review the Village’s financial condition for the period June 1, 2011, to February 1, 2013. Background … members including the Mayor. The Village’s annual budget for the 2012-13 fiscal year is $101,711, funded mainly from … 2011-12 the Village had unforeseen expenditures of $89,500 for increased water costs and major flood damage. Because the …
https://www.osc.ny.gov/local-government/audits/village/2013/06/07/village-nichols-financial-condition-2013m-50