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More About This Retirement Plan – Career Plan for ERS Tier 1 Members
… … Career Plan information for ERS Tier 1 members covered by Sections 75f and 75g About …
https://www.osc.ny.gov/retirement/publications/1503/more-about-retirement-planMore About This Retirement Plan – Career Plan for ERS Tier 2 Members
… … Career Plan information for ERS Tier 2 members covered by Sections 75f and 75g About …
https://www.osc.ny.gov/retirement/publications/1508/more-about-retirement-planCost-of-Living Adjustment
… rate of inflation, measured at the end of the State fiscal year (March 31). Once you are eligible, your COLA will be at … since this option pays the highest benefit. This Year’s COLA Increase The September 2024 COLA is 1.8 percent, …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentStay Informed – Non-Contributory Plan with Guaranteed Benefits
… Your retirement benefits are an important part of a solid … you understand your benefits and stay informed. Register for Retirement Online , a convenient and secure way to … information, view and update beneficiaries, and apply for a loan. Review your Member Annual Statement carefully and …
https://www.osc.ny.gov/retirement/publications/1513/stay-informedStay Informed – New Career Plan
… Your retirement benefits are an important part of a solid … you understand your benefits and stay informed. Register for Retirement Online , a convenient and secure way to … information, view and update beneficiaries, and apply for a loan. Review your Member Annual Statement carefully and …
https://www.osc.ny.gov/retirement/publications/1515/stay-informedState Agencies Bulletin No. 2296
… New York State Deferred Compensation Plan for the calendar year 2025 Background: Pursuant to IRS IR-2024-285, released … turning ages 60, 61, 62, or 63 in the calendar year to either $10,000 or 50% more than the regular catch-up … a combined maximum contribution of $47,000 for calendar year 2025. Employees are not eligible to choose both the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2296-deferred-compensation-maximum-contributions-limits-calendar-year-2025State Agencies Bulletin No. 1451
To notify agencies of the 2016 maximum salary limit for members of TIAACREF Plan Type 7Z in Tiers 1 through 5
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1451-maximum-salary-limit-tiaa-cref-retirement-tiers-1-through-5-plan-typeOpinion 2006-10
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10DiNapoli: New York Sees Improvement in Condition of Local Bridges
… One in 10 locally owned bridges in New York state is rated in … Thomas P. DiNapoli. The estimated cost for work needed on local bridges in the state in 2023 was approximately $29 … reliable public infrastructure is an ongoing concern for local governments across the country,” DiNapoli said. …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridgesDefinitions – Contribution Stabilization Program
… Retirement System’s Average Rates The System average rate represents the average normal contribution rate over all retirement plans in each system for a given … in a system for the fiscal year. Employer’s Average Rate Each employer has their own specific average rate. It is …
https://www.osc.ny.gov/retirement/employers/csp/definitionsState Agencies Bulletin No. 2329
… inform agencies of OSC’s automatic processing of the April 2025 LGS payment and provide instructions for payments not … 190 of the Laws of 2023, which implemented the 2023-2026 Agreement between the State of New York and the Public … Construction Fund and CSEA Effective Dates: The April 2025 LGS Payment will be processed in separate paychecks on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2329-april-2025-civil-service-employees-association-csea-public-employeesStay Informed – Police and Fire Plan
… you understand your benefits and stay informed. Register for Retirement Online , a convenient and secure way to … information, view and update beneficiaries, and apply for a loan. Review your Member Annual Statement carefully and … booklets and brochures , and get tips on preparing for retirement . Attend a pre-retirement presentation to …
https://www.osc.ny.gov/retirement/publications/1512/stay-informedMore About This Retirement Plan – New Career Plan for ERS Tier 2 Members
… Tier 2 members covered by Sections 75h and 75i About This Retirement Plan …
https://www.osc.ny.gov/retirement/publications/1509/more-about-retirement-planMore About This Retirement Plan – Coordinated Plan For ERS Tier 3 and 4 Members
… … Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 About …
https://www.osc.ny.gov/retirement/publications/1522/more-about-retirement-planTier 2, 3, 5 and 6 Death Benefits – Career Plan
… be paid the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your … 130 of the Civil Service Law. If you are in service at age 61, your death benefit will be reduced by 3 percent and … a salary of $60,000 $60,000 × 3 = $180,000 (reduction for working after age 60) − 10,800 (ordinary death benefit at …
https://www.osc.ny.gov/retirement/publications/1642/tier-2-3-5-and-6-death-benefitsTier 2, 3, 5 and 6 Death Benefits – New Career Plan
… the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your … years of service, not to exceed three years of salary. For example, if you die after one year of service, your … with a salary of $60,000 $60,000 × 3 = $180,000 (reduction for working after age 60) − 10,800 (ordinary death benefit at …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsMember Contributions
… to contribute. What You Need to Do Beginning April 1 In March, we notify you when member contribution rates for the … John Smith, who joined NYSLRS with a date of membership of June 1, 2022 (John is in Tier 6). At enrollment, you provided … John Smith does not have reported earnings for SFY 2021–22. John’s contribution rate is still based on the …
https://www.osc.ny.gov/retirement/employers/member-contributionsHiring Public Retirees – When Employees Retire
… should be aware of the laws governing how much retirees can earn in post-retirement employment without affecting … Retirees can find details in our publication, What if I Work After Retirement? . If a retiree earns more than the …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesState Agencies Bulletin No. 1696
To notify agencies of the 2019 maximum salary limit for members of ORP in Tiers 1 through 5
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1696-maximum-salary-limit-optional-retirement-plan-orp-retirement-tiers-1State Agencies Bulletin No. 1562
… overtime earnings limit for fiscal year 2017-18 is 15% of member’s regular annual wages as per Tier 6 legislation. … The overtime limit has remained at 15% since inception of Tier 6 and will only increase if new legislation is … Affected Employees Employees who are Tier 6 members of the Police and Fire Retirement System (Plan Type 7W) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1562-tier-6-pensionable-overtime-earnings-limit-fiscal-year-2017-18