Search
Available Options – Article 14 Benefits
… or sooner, after retiring), nothing will be paid to any beneficiary. Joint Allowance — Full* This option will provide … lifetime, and is based on your birth date and that of your beneficiary. After your death, your beneficiary will receive the same monthly amount (without …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsFinal Average Earnings
… calculation — you don’t need to contact us. The new law does not apply to members who retired before the dates above. … receive a retroactive payment from your employer, it could affect your FAE. When we calculate your FAE at retirement, …
https://www.osc.ny.gov/retirement/members/final-average-earningsHousing Trust Fund Corporation – Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program
… the RESTORE program, which assists senior citizen homeowners with the cost of addressing emergencies and code … within the prescribed time frames to better support senior homeowners in need of assistance. Specifically, we found: …
https://www.osc.ny.gov/state-agencies/audits/2021/07/15/housing-trust-fund-corporation-oversight-residential-emergency-services-offer-home-repairsState Agencies Bulletin No. 1839
… agency instructions for processing the 2020 Institution Teacher Summer Session Payments and to inform agencies of new … Pursuant to CSL Article 8, Title B, Sec 136.2, a teacher working summer session outside of his/her academic … will not be paid unless Summer Session is reported. If the teacher is 21P, is not working Summer Session and will not …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1839-new-procedures-processing-2020-summer-session-payments-institutionDiNapoli: Springport Town Clerk Pleads Guilty After Faking Retirement Benefits
… Her actions were exposed during the Comptroller’s review of Springport’s monthly retirement reports. When DiNapoli’s … fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by calling the toll-free … , or by mailing a complaint to: Office of the State Comptroller, Division of Investigations, 14th …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-springport-town-clerk-pleads-guilty-after-faking-retirement-benefitsDiNapoli: State Pension Fund Releases Annual Investment Return
… March 31, 2023, the Fund had 44.14% of its assets invested in publicly traded equities. The remaining Fund assets by … It has consistently been ranked as one of the best managed and best funded plans in the nation. Links Fund’s historic value …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnState Agencies Bulletin No. 2403
… in the New York State Deferred Compensation Plan for the calendar year 2026 Background: Pursuant to IRS IR-2025-67, released on … active participants turning ages 60, 61, 62, or 63 in the calendar year to either $10,000.00 or 50% more than the … in the New York State Deferred Compensation Plan for the calendar year 2026 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2403-deferred-compensation-maximum-contributions-limits-calendar-year-2026Other Bulletin No. 76
… Purpose: The purpose of this bulletin is to provide the State University … in Bargaining Unit 96 in the SCF with an increment code of 1976-2019 who meet the eligibility criteria are affected. … Service Law, Article 8, Section 130 and the Division of the Budget Bulletin D-1152 provide for payment of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-76-april-2024-state-university-construction-fund-scfOther Bulletin No. 69
… Purpose: The purpose of this bulletin is to provide the State University … in Bargaining Unit 96 in the SCF with an increment code of 1976-2018 who meet the eligibility criteria are affected. … Civil Service Law, Article 8, Section 130 and the Division of the Budget Bulletin D-1148 provide for payment of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-69-april-2023-state-university-construction-fund-scfOther Bulletin No. 63
… the State University Construction Fund instructions for processing the April 2022 SCF M/C LLS Payment. Affected … 130 and the Division of the Budget Bulletin D-1144 provide for payment of the 2022-2023 Longevity Payments effective … OSC will process this payment via direct deposit. For employees who do not have direct deposit, this payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-63-april-2022-state-university-construction-fund-scfRetirement Option Election Form with Partial Lump Sum Payment for Tier 2, 3, 5 and 6 Members (RS 6421-A)
To select a pension payment option when applying for retirement and choose to receive a partial lump sum payment, Tier 2, 3, 5 and 6 members who are designating one beneficiary use form RS6421-A.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6421-a.pdfState Agencies Bulletin No. 1168
… the functionality of the system remains the same, there are a few display differences a user will notice. Instead of … will not be available from 6:00 a.m. Friday 6/29/12 until Monday 7/2/12. OSC will upgrade PayServ on Saturday 6/30/12 … (for Internet Explorer v7 and higher only) : Close any open instances of your browser. Open a new instance of your …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1168-peoplesoft-people-tools-upgrade-payservEnding Your Membership – State University Police Plan
… State University Police Plan information for PFRS Tier 1 2 3 5 and 6 members …
https://www.osc.ny.gov/retirement/publications/1823/ending-your-membershipContact Us
… Contact information for general inquiries and specific …
https://www.osc.ny.gov/help/contact-usCreditable Service – Regional State Park Police Plan
… special plan includes all service performed as a regional state park police officer. Certain military service or service you earned as an officer of the New York State Police may also be creditable toward the 25 years … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …
https://www.osc.ny.gov/retirement/publications/1867/creditable-serviceAbout NYSLRS
… Retirement System (ERS), which provides benefits to employees of participating public employers in …
https://www.osc.ny.gov/retirement/about-nyslrsExamples – Article 14 Benefits
… public employment. The member can apply for a vested retirement benefit at the early retirement age of 42 (the age he or she would have had 20 … member could begin receiving a vested benefit at the early retirement age of 60 (the age when he or she would have had …
https://www.osc.ny.gov/retirement/publications/1644/examplesRetiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Full- and Part-Time Service Credit – Forest Rangers Plan
… Part-Time Employment Service credit may be prorated for Tier 1 members employed on a less than full-time basis. For Tier 2, 3, 5 and 6 members, part-time employment is … Forest Rangers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383c …
https://www.osc.ny.gov/retirement/publications/1864/full-and-part-time-service-creditEnding Your Membership – New Career Plan
… Once you join, there are five ways your membership can end: If you do not have at least five … vested, leave public employment and voluntarily withdraw your membership ; If you transfer your membership to another New York State public retirement … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 …
https://www.osc.ny.gov/retirement/publications/1515/ending-your-membership