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Violating the Terms of a DRO – Divorce and Your Benefits
… a member to elect a specific pension payment option and name the ex-spouse as beneficiary, the terms of that DRO will … any other designation. Problems can occur when a DRO is not on file at the time of a member’s retirement. If the …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droPermanent COLA
… from Comptroller Thomas P. DiNapoli In July 2000, the Retirement System was at the forefront of a successful effort … living index, that permanently increases your retirement benefit. It is designed to address inflation as it occurs. … to contact our Call Center. Sincerely, Thomas P. DiNapoli State Comptroller What is COLA? A COLA payment is an …
https://www.osc.ny.gov/retirement/publications/permanent-colaThe Survivor’s Benefit Program for Retired NYS Employees
… Your beneficiary may receive a benefit of $3,000 if you left State service* on or after April 1, 1970, or $2,000 … You are automatically covered for this benefit if you have ten years of full-time State service within the 15 years … for certain benefits, including the survivor’s benefit, can be revoked when a divorce, annulment or judicial …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-retired-nys-employeesEstimate Your Pension
… Understanding your pension and finding out how much you can expect to receive is an important part of … To get started: Sign in to Retirement Online . Look under My Account Summary . Click Estimate My Pension Benefit … you will need to enter information. So, you’ll need to know your earnings and service and you’ll need to calculate …
https://www.osc.ny.gov/retirement/members/estimate-your-pensionState Agencies Bulletin No. 1702
… pensionable overtime earnings limit for Tier 6 New York City Employee Retirement System (7U), New York City Teachers … Retirement Systems. The amendment specifies The New York City Employee Retirement System, New York City Teachers … pensionable overtime earnings limit for Tier 6 New York City Employee Retirement System 7U New York City Teachers …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1702-2019-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsOverview – Divorce and Your Benefits
… and can be divided between the Participant (NYSLRS member) and their ex-spouse when the marriage ends. … ex-spouse may be entitled to a portion of the pension; A member may be required to name their ex-spouse as beneficiary … payable; A member may be required to elect a pension payment option (sometimes called a retirement option) that …
https://www.osc.ny.gov/retirement/members/divorce/overviewLife Changes: What If I Work After Retirement?
… Services (BOCES); A public authority or public benefit corporation; or Another entity that participates in any of …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-work-after-retirementState Agencies Bulletin No. 1157
… Purpose To describe agency procedures for employee enrollment in Tier 6 retirement. Affected Employees … Tier 6 as an option in the Benefit Plans listed below. Any employee designated as Tier 6 by the Retirement System must … Plans table later than 3/31/2012, and manually update the employee into the appropriate Tier 6 benefit plan. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1157-new-tier-6-benefit-structure-enrollment-following-retirement-systemsForms
… your primary or contingent beneficiary. This form is for active members only. If you are retired and receiving a … change your delivery preference to get email notifications for important documents . Change of Address Form To change … applying online or submitting the form. To qualify for this transfer, you must be currently covered by Section …
https://www.osc.ny.gov/retirement/formsWho to Report – Enhanced Reporting
… Employees who are eligible for membership, but chose not to join NYSLRS; Retirees (from any of the eight public … and Social Security Law (RSSL); and Public retirees you have hired as contractors or consultants, as their earnings … earnings limit. Reporting data for employees who have not joined NYSLRS means we will already have it on hand …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/who-to-reportDiNapoli: Major Retailers Agree to Report on Efforts to Protect Human Rights, Workplace Safety
… their overseas apparel suppliers and subcontractors in an effort to protect human and workplace standards. "Human … and YUM! Brands , the parent company of Kentucky Fried Chicken, Pizza Hut and Taco Bell, agreed to conduct … and accountability in their supply chains. 2013 - Best Buy and Bed Bath & Beyond agreed to encourage their …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-major-retailers-agree-report-efforts-protect-human-rights-workplace-safetyLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… A Message from Comptroller Thomas P. DiNapoli As a member of the Retirement System, you are covered by a plan that … provides considerable benefits. This booklet explains some of those benefits and the services available to you as a … determined that retirement benefits are considered marital property and are subject to the equitable distribution …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80State Agencies Bulletin No. 1795
The purpose of this bulletin is to notify agencies that the pensionable overtime earnings limit for Tier 6 New York City Employee Retirement System 7U
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1795-2020-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsState Comptroller DiNapoli Calls on Corporations to Disclose Political Spending
… disclose their direct and indirect spending on political causes and on two others to adopt a new policy before … risks for corporations that contribute to political causes. It raises the question of whether any corporate …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-calls-corporations-disclose-political-spendingState Agencies Bulletin No. 2231
… database to Exadata in order to provide more efficient results in running our weekly batch schedules and increase … not affect production resources. Effective Dates: May 20, 2024 OSC Actions: Prior to the implementation of Exadata, and … new PS Query access requests beginning on Friday May 10, 2024. Users with access to PS Query only will be set up with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2231-exadata-release-and-ps-query-updateState Agencies Bulletin No. 1880
… An additional deferment is available to employees age 50 and over. These employees can defer up to $6,500 in … agencies. When making changes, the transactions should be entered only during the processing of the pay period when … in PayServ to allow the “age 50 and over” limit to be reached. SUNY & CUNY agencies with employees with more …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1880-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaHow to Make a Vendor Responsibility Determination
… In making a vendor responsibility determination, you must assess whether the vendor has: appropriate … capacity and controls; appropriate legal authority to do business in New York; a satisfactory record of … and an acceptable performance record on past contracts. You should consider any information that comes to your …
https://www.osc.ny.gov/state-vendors/vendrep/how-make-vendor-responsibility-determinationHow to Conduct a Vendor Responsibility Review
… or only the vendor selected for the contract. Be sure to take into account the time needed to conduct such a review. In the solicitation document, you … Responsibility Review Process Documentation Requirements How to Make a Responsibility Determination …
https://www.osc.ny.gov/state-vendors/vendrep/how-conduct-vendor-responsibility-reviewComptroller DiNapoli Statement on Earth Day 2015
… practices to promote a more environmentally sound, low carbon economy and to end practices that threaten public … use of safe non-toxic cleaning products in schools and cost effective use of renewable energy. The Comptroller has …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-statement-earth-day-2015DiNapoli Calls on Major Corporations to Conduct Racial Equity Audits
… an independent audit of companies’ practices related to racial equity. The proposals were filed at Chipotle … of other Black men and women, corporations pledged to fight against racial injustice. Many companies have taken steps to back their promises, but many have not,” DiNapoli said. …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-calls-major-corporations-conduct-racial-equity-audits