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State Agencies Bulletin No. 1697
… of the 2019 maximum salary limit for members of ORP and VDC in Tier 6 Background In accordance with Section 415 … code, which provides for dollar limitations on benefits and contributions under qualified retirement plans, the … limit under Section 401(a), 404(I), 408 (k) (3) (C), and 408 (k) (6) (D) (ii) will increase to $280,000 for the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1697-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 1623
… of the 2018 maximum salary limit for members of ORP and VDC in Tier 6. Background In accordance with Section 415 … code, which provides for dollar limitations on benefits and contributions under qualified retirement plans, the … limit under Section 401(a), 404(I), 408 (k) (3) (C), and 408 (k) (6) (D) (ii) will increase to $275,000 for the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1623-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… 50 victims—many of them seniors—between 2015 and 2017. Matthew Eckstein, 52, pleaded guilty on Feb. 8, 2022, before … Attorney General’s Office all assisted on this case. “Matthew Eckstein brazenly took advantage of people who …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeState Agencies Bulletin No. 2279
… Assembly Payroll Offices of OSC’s automatic processing in Pay Period 20C and to explain those areas for which the … salary by 26. Therefore, when a calendar year contains 27 pay periods, Legislative Members are not eligible to receive … in that calendar year. Paychecks for Administration Pay Period 20C will be dated 12/31/2024 resulting in 27 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2279-impact-27-pay-periods-calendar-year-2024-nys-legislative-membersDiNapoli: Participation in New York's 30% School Lunch Reimbursement Program Can Be Increased With Improved Administration
… districts at a higher rate if at least 30% of the costs for lunch is spent on eligible New York produced and … 2018, New York enacted an additional state reimbursement for school lunch programs that spend at least 30% of their … The program increases the reimbursement schools receive for lunches from 5.9 cents to 25 cents per meal. Eligible …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-participation-new-yorks-30-school-lunch-reimbursement-program-can-be-increased-improvedStay Informed – World Trade Center Presumption
… information. Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook and follow us on Twitter for … updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …
https://www.osc.ny.gov/retirement/publications/world-trade-center/stay-informedAbout Benefit Reductions
… retirement age at retirement, the less the reduction will be. It is important to know that once you retire with a … 5 and 6 members not in a special 20- or 25-year plan will be reduced for early retirement — even if they have 30 years … can retire as early as age 55 however your pension may be permanently reduced …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsIX.2.A Acronyms – IX. Federal Grants
… Investment Act WIC Women, Infants and Children Guide to Financial Operations REV. 03/12/2025 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix2a-acronymsApplying for Benefits – Career Plan for ERS Tier 1 Members
… Career Plan information for ERS Tier 1 members covered by Sections 75f and 75g Applying for Benefits …
https://www.osc.ny.gov/retirement/publications/1503/applying-benefitsApplying for Benefits – Career Plan for ERS Tier 2 Members
… Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g Applying for Benefits …
https://www.osc.ny.gov/retirement/publications/1508/applying-benefitsApplying for Benefits – New Career Plan for ERS Tier 1 Members
… information for ERS Tier 1 members covered by Sections 75h and 75i Applying for Benefits …
https://www.osc.ny.gov/retirement/publications/1504/applying-benefitsNYS Common Retirement Fund Reports Third Quarter Results
… 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/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… "Notwithstanding recent volatility, we have welcomed the stock market's nearly decade-long rise. Our foremost goal … the pension fund's more than one million members, retirees and beneficiaries." The Fund's estimated value reflects … New York . Track municipal spending, the state's 140,000 contracts, billions in state payments and public authority …
https://www.osc.ny.gov/press/releases/2018/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… a fraction of the Fund’s annual investment return, which is targeted at 5.9%. About the New York State Common … Retirement Fund The New York State Common Retirement Fund is one of the largest public pension funds in the United …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsOpinion 96-13
… for a reduction of payment in the event that a participant is a member of, or receiving a retirement allowance from, the … assigned work periods. The effect of this provision is to limit the circumstances under which service credit may … System. Further, the State Employees' Retirement System is governed generally by article 2 of the Retirement and …
https://www.osc.ny.gov/legal-opinions/opinion-96-13Ordinary Death Benefit – En-Con Police Officers 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/1822/ordinary-death-benefitCUNY 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 Third Quarter Results
… equities markets," DiNapoli said. "Our investment strategy is geared toward consistently achieving long term results but … Fund New York State Comptroller Thomas P. DiNapoli is trustee of the New York State Common Retirement Fund, the …
https://www.osc.ny.gov/press/releases/2014/02/nys-common-retirement-fund-announces-third-quarter-resultsCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… average rate that does not include employer Group Term Life Insurance (GTLI) owed that fiscal year. Then, the Actuary: … employer’s normal contribution. OR Determines the Graded Payment Amount Subtracts the employer’s normal contribution …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentDiNapoli: 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-payments