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Overview – State Police Plan
… of credited service and your final average earnings (FAE). For members in Tiers 2 and 5, your FAE is the average of your highest three consecutive years of earnings. For Tier 6 members, your FAE is the average of your highest …
https://www.osc.ny.gov/retirement/publications/1518/final-average-earnings/overviewAccidental Death Benefit – Career Plan
… die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an … within five years of your date of death (for members who died before January 1, 2020, the application had to be filed …
https://www.osc.ny.gov/retirement/publications/1642/accidental-death-benefitAccidental Death Benefit – New Career Plan
… die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an … within five years of your date of death (for members who died before January 1, 2020, the application had to be filed …
https://www.osc.ny.gov/retirement/publications/1515/accidental-death-benefitAccidental Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an … within five years of your date of death (for members who died before January 1, 2020, the application had to be filed …
https://www.osc.ny.gov/retirement/publications/1513/accidental-death-benefitAccidental Death Benefit – Police and Fire Plan
… your estate. The benefit can only be paid to the following family beneficiaries, in this order: First, to your surviving … last designated beneficiary or your estate. Filing Your family or employer should notify us of your death as soon as …
https://www.osc.ny.gov/retirement/publications/1512/accidental-death-benefitAccidental Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Eligibility Regardless of your years of service credit, if you die as the natural and … your designated beneficiary or to your estate. The benefit can only be paid to the following family beneficiaries, in …
https://www.osc.ny.gov/retirement/publications/1511/accidental-death-benefitRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… Tier 2 and 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your retirement … loan application and Retirement Online provide examples of how much your reduction would be. Tier 5 and 6 Members If you …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanOverview – Special 20- and 25-Year Plans
… they will not be included in your FAE calculation: Unused vacation; Unused sick leave; Payments made as a result of working your vacation; Any form of termination pay; Payments made in …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/overviewLimitations – Career Plan
… date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot … excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation …
https://www.osc.ny.gov/retirement/publications/1642/limitationsLimitations – Non-Contributory Plan with Guaranteed Benefits
… date of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot … excluded from the computation of your FAS. Also, payment for up to 30 days of accumulated unused vacation will be … is excluded from the computation of your FAS. Payment for accumulated vacation is not included in the calculation …
https://www.osc.ny.gov/retirement/publications/1513/limitationsLimitations – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Tier 1 If your date of membership is June 17, 1971, or later, the wages in any … more than 20 percent. The amount in excess of 20 percent is excluded from the computation of your FAS. Also, payment …
https://www.osc.ny.gov/retirement/publications/1511/limitationsWage Subsidy and Transitional Employment Programs (Follow-Up)
… eligible public or private not-for-profit organizations (contractors) to employ eligible individuals or act as the employer themselves. Contractors reimburse employers for their wage subsidy costs … the subsidized employment period). For each participant, contractors make subsidy payments to employers for 75 percent …
https://www.osc.ny.gov/state-agencies/audits/2017/03/09/wage-subsidy-and-transitional-employment-programs-followDiNapoli Op-Ed in City & State: NY ABLE Celebrates Seven Year Anniversary
… families and individuals with disabilities some peace of mind as they plan for the future. Since the launch of NY …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-op-ed-city-state-ny-able-celebrates-seven-year-anniversaryOpinion 2008-6
… This opinion represents the views of the Office of the State Comptroller at the time it was … considered as … other compensation unless by resolution, ordinance, special or local law the municipality, district or … J., Index No. 209202). Moreover, the daily rate divisor does not fall within any of the exclusions from "other …
https://www.osc.ny.gov/legal-opinions/opinion-2008-6DiNapoli Proposes Option to Help State & Local Governments Pay for Retiree Health Care
… Thomas P. DiNapoli today announced legislation to create an optional investment pool to help the state and … benefits, most governments, including New York state, do not set aside funds for retiree health insurance and … Under DiNapoli’s proposal, there is no limit on how much or how little a government can deposit into the …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-proposes-option-help-state-local-governments-pay-retiree-health-careAdditional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
… Unused, unpaid sick leave may be added to your credited service and used in your pension benefit calculation if your employer has chosen to offer the optional sick leave … Security Law (RSSL). To be eligible for this benefit, you must retire directly from public service or within a year …
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveVillage of Fort Plain – Leave Benefits (2020M-101)
… and have initiated or indicated they planned to initiate corrective action. … Determine whether Village of …
https://www.osc.ny.gov/local-government/audits/village/2020/11/13/village-fort-plain-leave-benefits-2020m-101Remsen Central School District – Fund Balance and Reserves (2015M-306)
… The District’s fund balance exceeded legal limits for all three fiscal years we reviewed. District officials have …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/26/remsen-central-school-district-fund-balance-and-reserves-2015m-306Limitations – Police and Fire Plan
… 36 months of earnings immediately preceding your date of retirement. Tiers 2 and 3 If the earnings in any year …
https://www.osc.ny.gov/retirement/publications/1512/limitationsLimitations – New Career Plan
… of your FAS, and the amount of overtime is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year included in the FAS period … (please refer to our Overtime and Earnings Limits for Tier 6 page for more information). Also excluded are earnings from …
https://www.osc.ny.gov/retirement/publications/1515/limitations