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Becoming Eligible for a Benefit – State Police Plan
… Once you have accrued five years of credited service, you are vested. This means you have earned the right to … is automatic; you don’t need to fill out any paperwork or file an application to become vested. 1 Updated 10/22 …
https://www.osc.ny.gov/retirement/publications/1518/becoming-eligible-benefitBecoming Eligible for a Benefit – Special 20- and 25-Year Plans
… to receive a retirement benefit, even if you leave public employment. Vesting is automatic; you don’t need to fill out …
https://www.osc.ny.gov/retirement/publications/1517/becoming-eligible-benefitBecoming Eligible for a Benefit – Career Plan
… service, you will be vested. This means you have earned the right to receive a retirement benefit, even if you leave … payroll may collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, age at retirement and the salary you earned when you were an active member. Vesting …
https://www.osc.ny.gov/retirement/publications/1642/becoming-eligible-benefitBecoming Eligible for a Benefit – New Career Plan
… Once you have accrued five years of credited service, you will be vested. This means you have … collect a vested retirement benefit at age 63. The amount of your vested benefit is based on your service, age at retirement and the salary you earned …
https://www.osc.ny.gov/retirement/publications/1515/becoming-eligible-benefitPayment for Service Credit – Article 14 Benefits
… covered by Article 14, you will usually be required to pay for service currently not credited to you. There are two … Past Service Costs: You joined the Retirement System on July 13, 2009, but your employer did not begin taking … for PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/payment-service-creditBecoming Eligible for a Benefit – Article 14 Benefits
… As long as you do not withdraw your contributions, you will have earned the right to receive a pension once you meet the minimum requirement of five years of service …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitStart Saving for Retirement
… that day finally arrives. Your Savings: An Important Part of Your Post-Retirement Income Not sure how much you’ll … to start saving as soon as you can because you need time to let your money grow. With the power of compounded … NYSLRS pension your personal savings will be an important part of your postretirement income Start saving now so your …
https://www.osc.ny.gov/retirement/members/saving-for-retirementSeminars for Local Officials
… below for more information on how to request training near you. … OSCs Local Official Training Unit is offering a series …
https://www.osc.ny.gov/local-government/academy/seminars-local-officialsImplications for the Future – 2021 Financial Condition Report
… the COVID-19 pandemic was short-lived, employment has yet to recover fully. During March and April 2020, nearly 2 … the State has returned to pre-pandemic employment levels with New York City trailing its February 2020 levels by over … their impact on consumer and employer behavior all provide a high level of uncertainty with regard to the pace of the …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureImplications for the Future – 2023 Financial Condition Report
… a record level of $6.3 billion. When combined with other informal reserves, the State has set aside nearly $19.5 … deposits to statutory reserves to 15 percent of General Fund spending, and increased the maximum allowable balance to … the level of statutory reserves rather than relying on informal reserves that do not have safeguards including …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureImplications for the Future – 2022 Financial Condition Report
… revenues and resource levels available to support spending for State programs. The Importance of Federal Funding Federal aid … the DOB has historically also set aside unrestricted funds for economic uncertainties, and the current plan is to …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureOvertime Limits for Tier 5
… and Social Security Law limits the amount of overtime pay included in the calculation of your final average … should not withhold member contributions from overtime pay above the limit. Overtime limits differ for the … (regular earnings, shift differential pay, location pay, longevity payments and top of pay grade bonus) from the …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5Overtime Limits for Tier 6
… and Social Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , … for your annual limit. Calendar Year Overtime Limit 2025 $20,958 2024 $20,459 2023 $19,729 2022 $18,233 2021 …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-6Resources for Local Officials
… Reporting Manuals Adult-Use Cannabis Aid and Incentives for Municipalities (AIM) and Temporary Municipal Assistance … Limit Tax Data Verification Assessment Roll Verification Justice Court Fund Reporting (JCR) Contact Update Other … Tool Financial Data for Local Governments Spreadsheets Justice Court Revenue Report Open Book New York Training for …
https://www.osc.ny.gov/local-government/resources/resources-local-officialsUnified Court System Bulletin No. UCS-315
… Purpose: The purpose of this bulletin is to describe new Time Entry … for eligible employees of the New York State Unified Court System (UCS). Affected Employees: Eligible employees of … SD Communications Workers of America SG Association of Supreme Court Reporters with the City of New York SK District …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-315-annual-leave-andor-compensatory-time-exchange-programDiNapoli: State Tax Revenues Down $3 Billion
… respond with more economic stimulus, including real relief for state and local governments.” DiNapoli noted that spending from State Operating Funds, which pays for the state’s day-to-day operations as well as certain … DOB did not change its projections of tax receipts for the full 2020-21 fiscal year in the Mid-Year Update, it revised …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-state-tax-revenues-down-3-billionComptroller DiNapoli Releases School Audits
… his office completed audits of the Central Islip Union Free School District , Hunter-Tannersville Central School … fund balance has declined during this time frame as a result of appropriating fund balance to finance the planned … 50,000 state contracts, visit http://www.openbooknewyork.com . The easy-to-use website was created by Comptroller …
https://www.osc.ny.gov/press/releases/2014/03/comptroller-dinapoli-releases-school-audits-1Cost-Saving Ideas: Managing Workers' Compensation Costs
… governments can get insurance for workers’ compensation in one of four ways: Purchase a policy from a private sector … as authorized by the Workers' Compensation Law Participate in a county self-insurance plan as authorized by the Workers' … a private insurance carrier, your premium is often based on various factors such as employee wages, level of risk for …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-managing-workers-compensation-costsDiNapoli: NYC Pre-K Special Education Provider Claimed Nearly $3 Million In Ineligible Expenses
… A Brooklyn preschool special education provider, Yeled v’Yalda Early Childhood Center, claimed nearly $3 million in ineligible expenses for reimbursement, according to an … rates. The full audit can be found at http://osc.state.ny.us/audits/allaudits/093016/15s19.htm . Background There …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-nyc-pre-k-special-education-provider-claimed-nearly-3-million-ineligible-expensesWage Theft Investigations
… employer compliance. Key Recommendations Develop effective strategies to reduce the case backlog and complete new cases …
https://www.osc.ny.gov/state-agencies/audits/2014/06/06/wage-theft-investigations