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Life Changes: Membership in a Nutshell
… enough how important it is for you to know how membership in the New York State and Local Retirement System (NYSLRS) can directly affect your financial future and the future of your loved ones. Whether you are just joining … Understanding the benefits you are entitled to receive as a NYSLRS member …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, which … Or you may choose a lower monthly benefit to provide for a possible payment to a designated beneficiary after your … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Receiving …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionState Agencies Bulletin No. 1190
… Purpose To explain changes made in PayServ prior to the conversion of SSN as EMPLID to the NYS EMPLID as … To advise agencies of the opportunity to submit test files to PayServ …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1190-changes-payserv-preparation-ssn-decoupling-conversionReceiving Your Benefit and Filing Your Pension Payment Option Election – Special 20- and 25-Year Plans
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … payment options, all of which will provide you with a monthly benefit for life. For example, you may elect the … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or you may choose a lower …
https://www.osc.ny.gov/retirement/publications/1517/receiving-your-benefit-and-filing-your-pension-payment-option-electionLocation Service Providers
… are interested in becoming an “Abandoned Property Location Service Provider” in New York State, or if you have been … and Procedures for “ Abandoned Property Location Service Providers. ” Location Service Providers can submit … a notary public. Note – the maximum fee allowed by law is 15 percent of the cash or value of securities refunded. The …
https://www.osc.ny.gov/unclaimed-funds/resources/location-service-providersLoans: Applying and Repaying
… Retirement Online is the fastest and easiest way to apply for a loan with … NYSLRS. You can see how much you are eligible to borrow, what the repayment amount would be and if your loan will be … in to your Retirement Online account , then look under ‘My Account Summary’ to see the available self-service loan …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repayingDeath Benefits
… registration number, or the last four digits of your Social Security number on the letter, as well as your … ordinary death benefit you had before you retired and how long you have been retired. First year of retirement: 50 … for this benefit. Your beneficiaries for this benefit do not have to be the same as your pension payment option …
https://www.osc.ny.gov/retirement/retirees/death-benefitsCost-Saving Ideas: How to Reduce Energy Costs
… district or local government by paying less for energy and consuming less energy. Reducing energy consumption also … models. Use Energy Star power management software on your computers. Turn on power save features in office … systems. Tighten up windows and door frames and install weather stripping. Use programmable thermostats to raise air …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-how-reduce-energy-costsEDSS - Contract Reporter Exemption Request Help
… unknown at this time. What if I do not yet know the Vendor ID for my CRER? Leave the Vendor ID field blank. What if my CRER includes more than one vendor? Write “multiple” for Supplier ID field and then list the vendors and their Vendor IDs in …
https://www.osc.ny.gov/state-agencies/contracts/edss-contract-reporter-exemption-request-helpDiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… 529 College Savings Program accounts tax deductible* but now lower fees, higher maximum balances and the … Yorks 529 College Savings Program accounts tax deductible but now lower fees higher maximum balances and the …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… cities, counties and villages in New York that are close to reaching their Constitutional Tax Limit (CTL) has more than doubled since 2012, according to a report released today by State Comptroller Thomas P. … of cities counties and villages in New York that are close to reaching their Constitutional Tax Limit CTL has more than …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsVII.2.A Direct Journal Payment – VII. State Revenues and Appropriated Loan Receivables
… (e.g., fund, account) used to record the revenue. The ‘Control Total Amount’ must be equal to the total amount of … in the case of a reversal). The ‘Count’ should reflect the number of Payment ID sequences an agency has entered. On the … the dollar amount(s) in the ‘Line Amount’ field. If the Control Total was a positive amount, the Line Amount must be …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii2a-direct-journal-paymentDiNapoli Statement on the Election of John Flanagan as Leader of the New York State Senate
… The New York Legislature needs to get back to work and the Senate needs to move forward. As an … The New York Legislature needs to get back to work and the Senate needs to move forward As an …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-statement-election-john-flanagan-leader-new-york-state-senateDiNapoli: State Medicaid Needs to Stop Paying Bills That Federally Funded Plans Should Cover
… The state Department of Health (DOH) can save hundreds of millions of dollars in costs if it strengthens its … by State Comptroller Thomas P. DiNapoli. “Far too often the Department of Health has let the state’s Medicaid program … The state Department of Health DOH can save hundreds of …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-state-medicaid-needs-stop-paying-bills-federally-funded-plans-should-coverDiNapoli Expands State Spending Transparency on OpenBookNewYork.com
… today that New Yorkers can now trace state spending back to the funding source or program on openbooknewyork.com , an easy-to-use search tool for the public to see how their tax dollars are being spent. This is the fifth … today that New Yorkers can now trace state spending back to the funding source or program on openbooknewyorkcom an …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-expands-state-spending-transparency-openbooknewyorkcomDirect Deposit Program
… your pension payment is deposited directly into your bank account on the last business day of each month. Our … of the change. Important: You should keep your current bank account open until you receive our letter confirming the … click Update Direct Deposit . Follow steps to update your bank account number and routing number. Be sure the account …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programMaking Adjustments to Earnings and Days Worked – Enhanced Reporting
… data. Example: An employee was previously reported for 10 days and $1,000 in earnings but should have been reported … days and $2,000 in earnings. Your adjustment will include 10 days and $1,000 in earnings. 10 days + 10 days = 20 days $1,000 earnings + $1,000 earnings …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/making-adjustments-earnings-and-days-workedV.3.E Programs – V. Chart of Accounts (COA) Governance
… activities that cross organizations and are intended to accomplish a similar set of recognizable objectives. … Information captured in Program relates directly to Appropriation Bill Copy. Program is required on all … the SHARE SetID, which means all agencies will be able to access the complete list of Program codes in the SFS. This …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3e-programsBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a 371a and 375 Becoming Eligible for a Benefit …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitDiNapoli Announces $500 College Savings Sweepstakes
… Thomas P. DiNapoli announced today a $500 sweepstakes to help a lucky New Yorker plan ahead for college. Winnings from the sweepstakes will be … 529 College Savings Program, an investment tool designed to help families save for college, is overseen by DiNapoli’s …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-announces-500-college-savings-sweepstakes