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Service Retirement Benefits – Special 20- and 25-Year Plans
… retire with 50% of their Final Average Earnings (FAE) , plus an additional 1% of their FAE for each year of … of creditable service can retire with 55% of their FAE, plus an additional 1% for each year of creditable service …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsCost-of-Living Adjustment – New Career Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustmentCost-of-Living Adjustment – Career Plan
… caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 percent or … cost-of-living-adjustments (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentCost-of-Living Adjustment – Non-Contributory Plan with Guaranteed Benefits
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never …
https://www.osc.ny.gov/retirement/publications/1513/cost-living-adjustmentCost-of-Living Adjustment – Police and Fire Plan
… caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 percent or … cost-of-living adjustments (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 percent or … cost-of-living adjustments (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentRetiring with an Outstanding Loan – State Police Plan
… Tier 2 Members If you retire with an outstanding loan, the annuity portion of … benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity … (service or disability). Benefit Reduction Examples Here are examples of how your service retirement benefit would be …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanMember Outreach and Presentations
NYSLRS Services and Requests
https://www.osc.ny.gov/retirement/employers/member-outreach-and-presentationsLeaves of Absence – State Police Plan
… 6 members receive half credit for sick leave at half pay. Workers’ Compensation You will usually receive up to one year of service credit for time spent on workers’ compensation leave per incident. To determine your … make contributions to receive credit for the time spent on workers’ compensation leave. …
https://www.osc.ny.gov/retirement/publications/1518/leaves-absenceDiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… 30, 2024, Fund investments returned an estimated 1.38%. “Stock market volatility underlines the continued economic … real estate and real assets (13.14%) and credit, absolute return strategies, and opportunistic alternatives (7.76%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly performance …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… growth has continued this year, bolstering markets in the second quarter,” DiNapoli said. “Our diverse portfolio … As of Sept. 30, the Fund had 42.01% of its assets invested in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.22%), private equity …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterDiNapoli: Former Rosendale Court Clerk to Repay Stolen Funds
… former clerk of the town of Rosendale justice court will make full restitution after admitting to stealing nearly $6,000 in cash from bail collections. The … in Saugerties Town Court on March 4. Harper was sentenced to three years’ probation and ordered to pay full …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-rosendale-court-clerk-repay-stolen-fundsCity of Long Beach – Budget Review (B7-15-14)
… budget includes estimated one-time revenue of $1.3 million from the sale of City property. However, City officials could … estimates include amounts that are expected to be realized from a 2 percent increase in metered water rates, which the … May 2014. Key Recommendations Review the one-time revenue from the sale of City property and determine whether it is …
https://www.osc.ny.gov/local-government/audits/city/2015/05/08/city-long-beach-budget-review-b7-15-14Opinion 92-18
… the opinion. FEES -- Imposition of (solid waste generation fee); (retroactively) LANDFILL -- Town (imposition of solid waste generation fee) LOCAL LAWS -- Fees (imposition of solid waste generation fee by town) REAL PROPERTY TAXES AND ASSESSMENTS -- … town by local law may impose the solid waste generation fee as either a user charge or a benefit assessment …
https://www.osc.ny.gov/legal-opinions/opinion-92-18Independent Review Finds State Pension Fund Operates Under Highest Ethical and Professional Standards
… Retirement Fund has proven once again to be a leader in transparency, ethics and performance,” DiNapoli said. “I’m … the review period of April 1, 2018, through March 31, 2021. Kroll concluded the transactions were approved and … misconduct. The Common Retirement Fund was able to sustain operational integrity and meet their fiduciary duties despite …
https://www.osc.ny.gov/press/releases/2022/04/independent-review-finds-state-pension-fund-operates-under-highest-ethical-and-professional-standardsNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… Fund’s adoption of its Responsible Workforce Management Policy and Principles (Policy). As part of the Fund’s investment due diligence of … within its $38 billion private equity asset class, the new Policy will require an evaluation of relevant workforce … the Funds adoption of its Responsible Workforce Management Policy and Principles Policy …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityProposed Regulations
… or chief executive officer, representing that the report s are [is] complete and have[ has] been prepared in … of article 4-C of the Economic Development Law, the basis for any such exemption, and the status of existing … the following information: (i) contract or transaction number; (ii) a description of the duties performed by the …
https://www.osc.ny.gov/legislation/proposed-regulationsCity of Newburgh – Budget Review (B6-13-21)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant … and expenditure projections in the City’s tentative budget for the 2014 fiscal year are reasonable. Background … City of Newburgh Budget Review B61321 …
https://www.osc.ny.gov/local-government/audits/city/2013/11/20/city-newburgh-budget-review-b6-13-21City of Amsterdam – Budget Review (B25-5-5)
… report – pdf] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed … Chapter 531 of the Laws of 2019 authorizes the City to issue debt not to exceed $8.3 million to liquidate the cumulative deficits … The purpose of our budget review was to provide an independent evaluation of the Citys proposed …
https://www.osc.ny.gov/local-government/audits/city/2025/05/15/city-amsterdam-budget-review-b25-5-5Model Code of Ethics for Local Governments - Frequently Asked Questions
… Print PDF Version Must all provisions of the Model Code of Ethics for Local Governments (“Model Code”) be adopted by municipalities within New York State? No. The Model Code is intended to be a guide for a municipality to develop … Model Code of Ethics for Local Governments Frequently Asked …
https://www.osc.ny.gov/local-government/publications/model-code-ethics-local-governments-frequently-asked-questions