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Cost-of-Living Adjustment – En-Con Police Officers Plan
… you meet the eligibility requirements, including age and number of years retired, your retirement benefit will …
https://www.osc.ny.gov/retirement/publications/1822/cost-living-adjustmentApplying for Benefits – State Correction Officers and Security Hospital Treatment Assistants Plan
State Correction Officers and Security Hospital Treatment Asst Plan info for ERS Tier 3 5 and 6 members under Article 14CO Applying for Benefits
https://www.osc.ny.gov/retirement/publications/1526/applying-benefitsDivorce – Article 14 Benefits
… subject to equitable distribution. Equitable distribution is the division of marital assets between spouses after the … die or terminate membership. If you are divorced, it is especially important to review your beneficiary … or judicial separation becomes final. An exception is if the terms of a DRO specify otherwise. Beneficiary …
https://www.osc.ny.gov/retirement/publications/1644/divorceFinal Average Salary – Article 14 Benefits
… on your years of credited service and your final average salary (FAS). FAS is the average of the wages you earned … In some cases, certain restrictions may apply. Regular salary; Overtime earned in the FAS period; Holiday pay; … sick leave (payment for over 165 days is included for State Police members); Payments made as a result of working …
https://www.osc.ny.gov/retirement/publications/1644/final-average-salaryDiNapoli: Georgia Woman Allegedly Stole Over $450K in NYS Pension and Social Security Payments
… she could illegally obtain Social Security benefits, which is a federal crime. These charges exemplify that my office … admitted to investigators that she stole the money. She is charged with 20 counts of wire fraud and 10 counts of … in this case are merely accusations and the defendant is presumed innocent unless and until proven guilty in a …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-georgia-woman-allegedly-stole-over-450k-nys-pension-and-social-security-paymentsOrdinary Death Benefit – Regional State Park Police Plan
… if you meet eligibility requirements and your death is not attributable to an on-the-job accident. The … monthly pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitSocial Security – Federal Funding and New York
… 2023, 3.8 million individuals in New York received Social Security benefits totaling more than $6.8 billion for … in each of three counties: Queens, Kings and Suffolk. Social Security Benefits Paid and Number of Beneficiaries: … 488,169 Note: Annual benefits are estimated. Total Social Security Benefits Paid: New York, CY 2014 – CY 2023 …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/social-securityState Agencies Bulletin No. 1168
… a user will notice. Instead of the word “processing” which is normally flashing in red in the upper right hand corner of … minimum supported Internet Explorer (IE) browser version is IE7. Users that have an earlier version of IE must update … All push button at the bottom of the dialog box that is displayed. Click the Yes push button when the following …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1168-peoplesoft-people-tools-upgrade-payservNYS Common Retirement Fund Reports Second Quarter Results
… for future returns. Fortunately, the state pension fund is prudently diversified to smooth out the stock market … Fund The New York State Common Retirement Fund (Fund) is the third largest public pension plan in the nation with … opportunities and weathers market ups and downs. The Fund is widely regarded as one of the nation's best-managed and …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsState Agencies Bulletin No. 1797
… is to notify agencies of the 2020 maximum salary limit for members of ORP in Tiers 1 through 5. Background In … Section 415 of the Internal Revenue code, which provides for dollar limitations on benefits and contributions under … (C), and 408 (k) (6) (D) (ii) will increase to $285,000 for the 2020 calendar year. Affected Employees Employee who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1797-maximum-salary-limit-optional-retirement-plan-orp-retirement-tiers-1Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance
… disrepair or insolvency. When a not-for-profit cemetery is abandoned, either due to fiscal issues or simply because … and a Permanent Maintenance Fund, the principal of which is to be held in trust for future maintenance and … requirements. The Division’s monitoring and oversight is a critical means through which the State seeks to ensure …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenanceCUNY Bulletin No. CU-466
… but must be paid from the college where the employee is employed on a full-time basis. The payments are processed … the agency must take the following action. If the employee is separated from State service in the full-time record, the … the overpayment from future earnings. If the employee is separated from State service in the full-time record but …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-466-2013-cuny-research-foundation-grant-payments-summerNYS Common Retirement Fund Announces First Quarter Results
… said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsState Agencies Bulletin No. 2187
… The purpose of this bulletin is to notify agencies of the 2024 maximum salary limit for ORP and VDC plan members. … and 408 (k) (6) (D) (ii) will increase to $345,000 for the 2024 calendar year for ORP and VDC Tier 1 through 6 plan … beginning Administration paychecks dated January 3, 2024, and Institution paychecks dated January 11, 2024. OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2187-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryState Agencies Bulletin No. 2087
… The purpose of this bulletin is to notify agencies of the 2023 maximum salary limit for ORP and VDC plan members. … and 408 (k) (6) (D) (ii) will increase to $330,000 for the 2023 calendar year for ORP and VDC Tier 1 through 6 plan … beginning Administration paychecks dated January 4, 2023, and Institution paychecks dated January 12, 2023. OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2087-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryNYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month … The New York State Common Retirement Funds Fund estimated return in the second quarter …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsDepartment of Transportation Bulletin No. DOT-22
… Purpose To provide the Department of Transportation instructions for processing the 2013 Call-Out Response Payment. Affected … (CSEA), provides for a call-out response payment to eligible employees at the end of the season. Effective … To provide the Department of Transportation instructions for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-22-2013-call-out-response-payment-fiscal-year-2012-2013Department of Transportation Bulletin No. DOT-24
… will be made in a separate check dated 06/04/14. There is no direct deposit for this payment. Eligibility Criteria … and Deduction Information The call-out response payment is included as salary for retirement purposes. Deductions … levies. Tax Information The call-out response payment is taxable income subject to all employment taxes and income …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-24-2014-call-out-response-payment-fiscal-year-2013-2014Department of Transportation Bulletin No. DOT-26
… Purpose To provide the Department of Transportation instructions for processing the … Response Payment. Affected Employees Employees of the Department of Transportation in the Operational Services Unit … of the Office of Transportation Systems Maintenance in the Department of Transportation engaged in winter maintenance …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-26-2015-call-out-response-payment-fiscal-year-2014-2015Department of Transportation Bulletin No. DOT-28
… Purpose To provide the Department of Transportation instructions for processing the 2016 Call-Out Response Payment. Affected … (CSEA), provides for a call-out response payment to eligible employees at the end of the season. Effective … To provide the Department of Transportation instructions for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-28-2016-call-out-response-payment-fiscal-year-2015-2016