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Final Average Salary

The Final Average Salary (FAS) helps to determine a member's retirement benefit from the Employees' Retirement System (ERS) and the Police and Fire Retirement System (PFRS).

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Direct Deposit Program (Retirees)

The Direct Deposit Program allows NYSLRS retirees and beneficiaries to have their retirement benefit electronically deposited into their personal bank account.

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Understanding Your 1099-R Form

Learn how to understand your IRS 1099-R Form.

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Cost of Living Adjustment (COLA)

A COLA payment is an adjustment, based on the cost-of-living index, which will permanently increase the retirement benefit you receive from the New York State and Local Retirement System (NYSLRS).

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Project Your Pension at Retirement

Use our Benefit Projector Calculator to estimate your pension based on information you enter. For Tier 1, 2, 3 and 4 members. Tier 5 and 6 members, please contact us.

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Opinion 90-3

… -- Distribution (method of computing full valuation) REAL PROPERTY TAXES AND ASSESSMENTS -- County Taxes (method of computing full valuation) TAX LAW, … of a special act requiring otherwise, the allocation of county sales tax revenue to cities and towns required by Tax …

https://www.osc.ny.gov/legal-opinions/opinion-90-3

Accidental Death Benefit – Article 14 Benefits

… die as the natural and proximate result of an on-the-job accident, not due to your own willful negligence, an … escalation. ) The benefit is paid to your beneficiaries, in this order: To your surviving spouse, provided he or she has not renounced survivorship rights in a separation agreement, until death or remarriage;* To …

https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefit

IRS Pension Limitation – Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan for ERS Tier 3, 4, 5 and 6 Members

… Tier 36 members under Article 14B Sections 551 552 553 IRS Pension Limitation …

https://www.osc.ny.gov/retirement/publications/1841/irs-pension-limitation

DiNapoli: State Pension Fund Valued at $291.4 Billion at End of Second Quarter

… State Common Retirement Fund (Fund) was $291.4 billion at the end of the second quarter of State Fiscal Year … York State Common Retirement Fund Fund was $2914 billion at the end of the second quarter of State Fiscal Year 202526 …

https://www.osc.ny.gov/press/releases/2025/11/dinapoli-state-pension-fund-valued-291-point-4-billion-end-second-quarter

State Agencies Bulletin No. 1473

… Purpose To inform agencies of OSC’s processing of the repayment of … Unit 68 Deficit Reduction Plan (DRP) created pursuant to Section 7 of Part A of Chapter 491 of the Laws of 2011 and … New Earnings Code OSC has created a new earnings code to process the repayment of the United University Professions …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1473-repayment-united-university-professions-uup-bargaining-unit-68-deficit

XIX.6.A Cost Allocation – XIX. Project Costing (PCIP)

… Overview Cost allocation provides for an automated process by which … Time and Labor data. The integration of payroll and labor cost allocation is a statewide requirement for reporting. … data should be reported at the Employee level for time and cost which will be directly coded to projects by pay period. …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix6a-cost-allocation

State Agencies Bulletin No. 2066

… dates on or after the effective date of the payment, the payroll system does not consider the AC-230 when calculating … recall such as OTT, ARO must be entered. Please refer to Payroll Bulletin 1893 for more information. Agencies must … Deductions All general deductions for employees whose Payroll Status is Terminated, Retired, or Deceased will be …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2066-april-2019-2020-2021-and-2022-retroactive-changes-command-pay-eligible

CUNY Bulletin No. CU-808

… Carpenter Titles. Affected Employees: CUNY employees in the titles of Carpenter and Supervisor Carpenter are affected. Background: A Consent Determination was entered and filed on 08/28/2024 … provides for retroactive rate increases for employees in the titles of Carpenter and Supervisor Carpenter. …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-808-cuny-retroactive-rate-increases-carpenter-and-supervisor

CUNY Bulletin No. CU-819

… and Steamfitter’s Helper are affected. Background: A Consent Determination was entered and filed on 12/16/2024 … City of New York and the Steamfitters Local Union 638. The Consent Determination provides for retroactive rate increases … employee’s taxable gross and reported on the employee’s Form W-2. The adjustments (Earnings Codes AJR, ARC, and ARO) …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-819-cuny-retroactive-rate-increases-steamfitter-and

CUNY Bulletin No. CU-794

… Purpose: The purpose of this bulletin is to provide agencies with instructions for … Titles. Affected Employees: CUNY employees in the titles of Plumber, Supervisor Plumber, Plumber’s Helper, Thermostat … entered and filed on 05/28/2024 between the Comptroller of the City of New York and Plumbers Local Union No.1, United …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-794-cuny-retroactive-rate-increases-plumbers-and-thermostat

Susan E. Wagner Preschool – Compliance With the Reimbursable Cost Manual

… Wagner based on clinical evaluations, and pays for their services using rates established by SED. The rates are based … other than personal service costs, as follows: $81,370 in real estate taxes. According to a lease agreement, Wagner was only …

https://www.osc.ny.gov/state-agencies/audits/2016/11/17/susan-e-wagner-preschool-compliance-reimbursable-cost-manual