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Payment for Service Credit – Article 14 Benefits

… service currently not credited to you. There are two kinds of past service costs — mandatory and optional. Mandatory … you choose to make to purchase credit for a period of previous or military service. Once you have made payment and have accrued two years of service credit as a member, you can receive that credit. …

Becoming Eligible for a Benefit – Article 14 Benefits

… a pension once you meet the minimum requirement of five years of service credit, even if you discontinue your public … and, at a later date, apply for and receive a  vested retirement benefit . You can choose to begin receiving your … age is the age at which you would have completed 20 years of service credit. The amount of your vested benefit …

Becoming Eligible for a Benefit – Regional State Park Police Plan

… 10/22 … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

Becoming Eligible for a Benefit – En-Con Police Officers Plan

… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a  vested retirement benefit  at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. …

Becoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… vested. This means you have earned the right to receive a retirement benefit, even if you leave public employment. 1 Tiers 1, 2, 3 and 5 If you are covered by the Age 60 Retirement Plan, you can begin receiving your vested retirement benefit when you reach age 60. If you are covered …

Implications for the Future – 2023 Financial Condition Report

… to Federal Reserve Bank actions, and global uncertainty. In New York, lagging employment and labor force recovery … states have returned to pre-pandemic employment levels. As of July 2023, the State had regained only 93 … taxable income and tax liability from such individuals to drop sharply because they tend to rely on non-wage income, …

Implications for the Future – 2021 Financial Condition Report

… March and April 2020, nearly 2 million jobs were lost in New York State and, as of August 2021, only 55 percent of … Funding Federal aid has long played an essential role in the State’s budget and its ability to provide health care, … education, human services and other essential programs. In recent years, for example, new federal funding has helped …

Seminars for Local Officials

… … OSCs Local Official Training Unit is offering a series of virtual seminars for municipal and school district …

Start Saving for Retirement

… for their retirement income. If you’re just starting out in your career, you may want to pick a savings amount (or … of a dollar over time, meaning that the money you withdraw in the future may not have the same value that it has today. …

Implications for the Future – 2022 Financial Condition Report

… the Fed’s interest rate response, and continued volatility in the financial markets all impact whether the trajectory … Funding Federal aid has long played an essential role in the State’s budget and its ability to provide health care, … education, human services and other essential programs. In recent years, for example, new federal funding has helped …

Claims for Multiple Owners

… submit a claim if:  your name (or entity) is listed as one of the owners in the  Reported As field; and you have a … are needed to complete your claim. Typically, we require: Proof of Address  or  Ownership connecting the owner(s) to the address or funds. Copy of the child's birth certificate (if under age 18). Court documents or other …

Overtime Limits for Tier 5

… Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , … 2/25 … For Tier 5 members the amount of overtime included in the calculation of your final average earnings which is …

Overtime Limits for Tier 6

… Security Law limits the amount of overtime pay included in the calculation of your final average earnings (FAE) , … 2/25 … For Tier 6 members the amount of overtime included in the calculation of your final average earnings which is …

Resources for Local Officials

… Reporting Manuals Adult-Use Cannabis Aid and Incentives for Municipalities (AIM) and Temporary Municipal Assistance … Topics and Approvals Local Government Management Guides New Official Quick Start Guide [pdf] Planning Resources … Spreadsheets Justice Court Revenue Report Open Book New York Training for Local Officials The Academy for New York …

State Agencies Bulletin No. 1162

… Non-Arbitration eligible employees represented by NYSCOPBA in BU21 Background Pending legislation which will implement … an increase. For eligible employees who have worked in more than one (1) agency and have been paid by all … should be returned with a completed Next of Kin Affidavit (form AC 934-P ) and a Report of Check Exchange (Form AC …

Unified Court System Bulletin No. UCS-262

… deceased should be returned with a completed Next of Kin Affidavit ( Form AC 934-P ), original Death Certificate and a … of Check Exchange ( Form AC 1476-P ). If a Next of Kin Affidavit has been previously submitted for a deceased …

Opinion 2011-1

… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … as being eligible for membership in the New York State and Local Employees' Retirement System. For the reasons … reimburse the IDA on a bi-weekly basis for the IDA's gross payroll expense on account of the individuals assigned to the …

State Comptroller DiNapoli Releases Audits

… and oversight of NYSID and for ensuring NYSID is in compliance with all applicable regulations. An audit released in June 2016 found that SED provided only minimal oversight … offering little assurance NYSID was awarding contracts in a manner that best meets the purpose of the program as …

State Agencies Bulletin No. 2046

… Lifeguard Salary Increase. Affected Employees Employees in the following lifeguard titles, in the PSNU who are included in Bargaining Unit 68 … LQ_PCD_PAYCHECK_EARNINGS_BY_ID to identify a complete list of regular earnings and retroactive adjustments if there …