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State Agencies Bulletin No. 2279
… this bulletin is to inform the NYS Senate and NYS Assembly Payroll Offices of OSC’s automatic processing in Pay Period … by dividing the annual salary by 26. Therefore, when a calendar year contains 27 pay periods, Legislative Members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2279-impact-27-pay-periods-calendar-year-2024-nys-legislative-membersAre You Vested? And What It Means
… eligible for a retirement benefit. The new legislation does not change eligibility for disability retirement … also did not change Tier 6 benefit rules such as how long you must contribute, your pension benefit calculation, …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansState Agencies Bulletin No. 1566
… TIAA Tier 6 participants. Affected Employees Employees who are members of TIAA in Tier 6 Effective Date Institution and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1566-maximum-salary-limit-teachers-insurance-and-annuity-tiaa-retirementState Agencies Bulletin No. 1622
… Purpose To notify agencies of the maximum contribution limits for employees enrolled in … amount, for a combined total contribution limit of $24,500 in 2018. The Deferred Compensation “Retirement … Catch-Up” provision, available to employees in each of the last three years prior to normal retirement age, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1622-deferred-compensation-maximum-contribution-limits-calendar-year-2018State Agencies Bulletin No. 1113
… An additional deferment is available to employees age 50 and over. These employees can defer up to $5,500 in addition … cannot choose to have both the “Retirement Catch-Up” and the “50 and Over Catch-Up” additional amounts deferred in the same …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1113-deferred-compensation-maximum-contribution-limits-calendar-year-2012State Agencies Bulletin No. 1368
… limits for employees enrolled in the Deferred Compensation Plan for calendar year 2015. Affected Employees Employees … amount for Deferred Compensation has been increased from $17,500 to $18,000. The Deferred Compensation …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1368-deferred-compensation-maximum-contribution-limits-calendar-year-2015State Agencies Bulletin No. 1216
… An additional deferment is available to employees age 50 and over. These employees can defer up to $5,500 in addition … cannot choose to have both the “Retirement Catch-Up” and the “50 and Over Catch-Up” additional amounts deferred in the same …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1216-deferred-compensation-maximum-contribution-limits-calendar-year-2013State Agencies Bulletin No. 1291
… Purpose To notify agencies of the maximum contribution limits for employees enrolled in the Deferred Compensation Plan for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1291-deferred-compensation-maximum-contribution-limits-calendar-year-2014State Agencies Bulletin No. 1790
… of $39,000.00 for calendar year 2020. Employees are not eligible to choose both the “Retirement Catch-Up” and … enrolled in the New York State Deferred Compensation Plan are affected. Effective Date(s) Institution Paychecks dated … the Nationwide Helpline 1-800-422-8463. Representatives are available Monday – Friday, 8am – 11pm and Saturday, 9am – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1790-deferred-compensation-maximum-contribution-limits-calendar-year-2020State Agencies Bulletin No. 1700
… contribution of $38,000 for calendar year 2019. Employees are not eligible to choose both the “Retirement Catch-Up” and … the Nationwide Helpline at 1-800-422-8463.Representatives are available Monday – Friday, 8am – 11pm and Saturday, 9am – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1700-deferred-compensation-maximum-contribution-limits-calendar-year-2019Stay Informed – Article 14 Benefits
… to retire. 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 quick … 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/1644/stay-informedOther Places to Search for Unclaimed Funds
… about refunds on retirement accounts. National Registry of Unclaimed Retirement Benefits For information on unclaimed retirement account balances. Internal Revenue … of Veterans Affairs For information on insurance funds owed to certain current and former policyholders or …
https://www.osc.ny.gov/unclaimed-funds/resources/other-places-search-unclaimed-fundsOpinion 91-13*
… which has caused certificates of participation ("COPS") to be issued to finance the construction of a public … title was to pass to the State for a nominal consideration when all the bonds were paid off. The court found that since … Constitution or the Local Finance Law. Accordingly, we do not believe that the lease agreement, or the COPS …
https://www.osc.ny.gov/legal-opinions/opinion-91-13Opinion 91-33
… that bear on the issues discussed in the opinion. BAIL MONEYS -- County Treasurer's Fee (applicability of fee to interest earned on deposit of bail) -- Deposit and Investment of (duty of county treasurer to deposit bail in interest-bearing account); (maintenance by county …
https://www.osc.ny.gov/legal-opinions/opinion-91-33Child Care Stabilization Grants
… internal controls to enable it to oversee and monitor child care stabilization grantees to ensure proper use of child care stabilization grant funds; and to determine … whether the grants met their intended purpose to stabilize child care operations to maintain care. The audit covered the …
https://www.osc.ny.gov/state-agencies/audits/2024/11/07/child-care-stabilization-grantsArdsley Union Free School District – Reserve Funds (2015M-348)
… 2, 2015. Background The Ardsley Union Free School District is located in the Village of Ardsley in Westchester County. … schools with approximately 2,060 students, is governed by an elected five-member Board of Education. Budgeted … identifying the leave balances for employees entitled to a payout at retirement included employees who were not eligible …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/ardsley-union-free-school-district-reserve-funds-2015m-348State Agencies Bulletin No. 1665
… suspense period, and/or have not completed seven years of NYS service as an ORP/VDC member Active ORP participants with … are blank for each ORP/VDC member listed on the NBEN742 is required. The following steps should be followed in … of which dates are missing. Verify the ORP/VDC Retirement Election Date The retirement election date is required for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1665-calculating-breaks-service-orp-participants-apprear-control-d-nben742State Agencies Bulletin No. 1527
… suspense period, and/or have not completed seven years of NYS service as a TIAA member. Active TIAA ORP participants … are blank for each TIAA member listed on the NBEN742 is required. The following steps should be followed in … of which dates are missing. Verify the TIAA Retirement Election Date The retirement election date is required for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1527-calculating-correct-projected-366-day-completion-date-andor-projected-7Contributing Toward Your Retirement – Career Plan
… elect to make voluntary annuity savings contributions to the Retirement System. These contributions, plus the interest … a Tier 5 member, you are required to contribute 3 percent of your reportable earnings toward your retirement benefits … the employer to offer a non-contributory plan that was in effect on January 9, 2010, and is still in effect on the …
https://www.osc.ny.gov/retirement/publications/1642/contributing-toward-your-retirementAbout Offering a Retirement Plan – What Every Employer Should Know
… are related to years of service; Offer a pension that is based on salary and years of service; Provide a right to … of NYSLRS, a staff you can rely on. Rev. 2/23 … What every employer should know about NYSLRS what it means to …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-plan