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About Your Membership – New Career Plan

About Your Membership – Basic Plan for ERS Tier 1 Members

DiNapoli Op-Ed in City & State: NY ABLE Celebrates Seven Year Anniversary

… these individuals depend on a variety of public benefits for income or to pay for health care, food or housing costs. To qualify for these benefits, such as Supplemental Security … if certain conditions are met. This program gives families and individuals with disabilities some peace of mind …

Economic and Demographic Trends – 2022 Financial Condition Report

… Recovering Slowly in 2021 In calendar year 2021, the State gained over 226,000 jobs, an increase of 2.6 percent … 10 regions had returned to their 2019 employment levels. New York Ranked 47th Nationwide for Personal Income Growth in …

Oil Spill Fund

… Oil Spill Fund protects our air, soil and water supplies from toxic petroleum spills. Although the Oil Spill Fund … losses when the spiller won’t; and seek reimbursement from spillers for oil spill cleanup costs. Oil Spill Hotline … The Oil Spill Fund protects our air soil and water supplies from toxic petroleum spills …

Available Pension Payment Options – Special 20- and 25-Year Plans

… your death, they will be eligible for 50 percent of your COLA. If your beneficiary dies before you, all payments will … your death, they will be eligible for 50 percent of your COLA. If your beneficiary dies before you, all payments will … your death, they will be eligible for 50 percent of your COLA. If your beneficiary dies before you, your monthly …

Making Adjustments to Earnings and Days Worked – Legacy Reporting

NYSLRS employers report information about employees through Retirement Online including their earnings the number of days they worked and more

Available Options – Police and Fire Plan

… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …

Available Options – Basic Plan with Increased-Take-Home-Pay (ITHP)

… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …

Available Options – New Career Plan

… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … any beneficiary. Cash Refund — Contributions (Option ½) (Available only to members with annuity savings contributions … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be …

Available Options – Career Plan

… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …

DiNapoli Proposes Option to Help State & Local Governments Pay for Retiree Health Care

… the individual is often eligible for benefits including a pension and health insurance. While pension costs are pre-funded and invested to help pay for … their OPEB liabilities on their financial statements as obligations accrued during an employee’s entire period of …

Wage Subsidy and Transitional Employment Programs (Follow-Up)

… recommendations included in our initial audit report, Wage Subsidy and Transitional Employment Programs (Report 2015-S - … work activities. The Office administers New York’s Wage Subsidy program and has contracted with eligible public or … themselves. Contractors reimburse employers for their wage subsidy costs (i.e., cost of the wages and fringe benefits …

Lump Sum Payments – Legacy Reporting

…   Tier 1 Include lump sum payments for unused vacation on the Statement of Accrued Payments and Leave Credits Form … Do not report for members with date of membership on or after 4/1/72. Not reportable Not reportable Workers’ … details.   All payments listed above should be included on the Statement of Accrued Payments and Leave Credits form …

What Not to Report – Legacy Reporting

… Law. The following payments should not be reported to us on the monthly report (nor should contributions be taken from … made for unused sick leave Termination payments New York State Disability Insurance payments Payment for unused … Section 125 of the Internal Revenue Code. The New York State laws regarding Cafeteria Plan Salary Reductions are as …

State Agencies Bulletin No. 1665

… Search. View ORP/VDC Retirement Record(s). Select “View All” under the Coverage portion of panel. Print Retirement … Empl ID in the Empl ID field. Select Search. Select “View All” on the History Information panel. Printing the Employee … used by the agency when calculating breaks in service for all ORP/VDC members appearing on the NBEN742. The ORP-VDC …

Days Worked – Enhanced Reporting

… Understanding how to establish and calculate the days worked for your employees …

IRS Pension Limitation – Article 14 Benefits

… that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. Section 401(a)(17) affects members who join on or after April 1, 1996, and currently excludes earnings over $245,000 (effective … for PFRS Tier 3 members Covers pension disability and death benefits …

Vested Retirement Benefit – Article 14 Benefits

… for PFRS Tier 3 members Covers pension disability and death benefits …

Choosing a Payment Option – Article 14 Benefits

… for PFRS Tier 3 members Covers pension disability and death benefits …