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State Agencies Bulletin No. 2432
… as Roth contributions. This requirement, however, does not apply to Deferred Compensation 3-year catch-up … and does not reduce the New York City Teacher’s Retirement System (“NYCTRS”) 15-year catch-up limits. The … two primary categories for the impacted plans: Deemed: When an employee reaches the applicable annual IRS limit, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2432-403b-and-457-plan-contribution-changes-resulting-federal-secure-20-actAvailable Options – Regional State Park Police Plan
… or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … for the balance of the five- or ten-year period. You may change your beneficiary within the five- or ten-year period. … You can designate only one beneficiary and you cannot change your designation after your retirement. If your …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsDivorce – State Police Plan
… must be stated in the form of a domestic relations order (DRO), which is a legal document that gives us specific … divorce decree. NYSLRS offers an easy-to-complete, online DRO template . You don’t have to use the template, but … review process is simplified for all submissions using the DRO template, we can complete our review faster if you use …
https://www.osc.ny.gov/retirement/publications/1518/divorceOpinion 94-1
… salaries to district) COUNTY LAW, §267; MUNICIPAL HOME RULE LAW, §10(1): A county is not authorized to … specifically enumerated in section 10 of the Municipal Home Rule Law (Municipal Home Rule Law, §10[1][i],[ii]), including the compensation of …
https://www.osc.ny.gov/legal-opinions/opinion-94-1DiNapoli: Too Many New Yorkers Still Without High-Speed Broadband Access
… which was funded with $735 million in mostly state funds, but also included private and federal matching …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-too-many-new-yorkers-still-without-high-speed-broadband-accessUnified Court System Bulletin No. UCS-132
… To explain procedures for processing Judicial Supplemental Support Allowance payments. Affected Employees Judges of the … for this payment. Background The Judicial Supplemental Support Fund (date of inception November 1, 2007) provides … with up to $5,000 in payments for services and goods to support them in the performance of their judicial …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-132-judicial-supplemental-support-allowanceTier Status – Regional State Park Police Plan
… Tier 1 Before July 31, 1973 Tier 2 July 31, 1973 through June 30, 2009 Tier 3 July 1, 2009 through January 8, 2010* Tier 5 January 9, 2010 through March 31, 2012 Tier 6 April 1, 2012 or after *PFRS members …
https://www.osc.ny.gov/retirement/publications/1867/tier-statusOversight of the Clean Water State Revolving Fund
… used, and collected in accordance with requirements and in support of CWSRF goals, including ensuring projects meet … or low-interest rate financing to municipalities to support a variety of eligible water quality improvement … used and collected in accordance with requirements and in support of CWSRF goals including ensuring projects meet their …
https://www.osc.ny.gov/state-agencies/audits/2021/12/30/oversight-clean-water-state-revolving-fundNewburgh Fire Chief Charged in White Plains Federal Court with Fraudulently Obtaining Retirement Benefits
… fraud, which carries a maximum sentence of 20 years in prison. "Mr. Vatter collected over $95,000 in pension …
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsOpinion 2005-8
… -- Fees (imposition of to generate revenue in excess of cost) CITIES -- Fees (for ambulance service) FEES -- Rates … in an amount designed to generate revenue in excess of the cost of providing such services. You ask whether a city may … Municipal Law §122-b[1][c]). Additionally, cities may fix a schedule of fees or charges to be paid by persons …
https://www.osc.ny.gov/legal-opinions/opinion-2005-8Opinion 88-41
… or statutory amendments that bear on the issues discussed in the opinion. FIRE PROTECTION AND PREVENTION -- Towns (authority to conduct fire prevention programs) TOWN BOARD -- Powers and Duties (authority to contract for … Equipment (use by private organization under contract) TOWN LAW, §§64(6), 130(5), 138: Fire prevention programs are …
https://www.osc.ny.gov/legal-opinions/opinion-88-41State Agencies Bulletin No. 2142
… agencies of the 2023 plan year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: … of the Laws of 2009, Legislation established an annual, pensionable overtime earnings limit of $15,000 effective … agencies of the 2023 plan year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2142-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 2351
… The purpose of this bulletin is to notify agencies of the 202526 school year maximum salary limit and pensionable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2351-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 2251
… of the 2024-25 school year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: … Chapter 504 of the Laws of 2009, Legislation established a pensionable overtime earnings limit of $15,000. This amount … of the 202425 school year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2251-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitDual Membership in NYSLRS – Divorce and Your Benefits
… in one of the above Systems, the Domestic Relations Order (DRO) may be directed to the “New York State and Local … to receive pension benefits from both systems, but the DRO is applicable to only one membership, then the DRO must specifically identify the appropriate system. If a …
https://www.osc.ny.gov/retirement/members/divorce/dual-membership-nyslrsWeekly Investment Plan
… Why Save For Retirement? See How Much You Can Have at Age 65. Find your age, then see how large a retirement account your weekly investment can grow into by age 65* Weekly Investment Plan Calculator … investment amount and how large your retirement savings can grow by age 65 …
https://www.osc.ny.gov/retirement/resources/weekly-investment-planOpinion 99-10
… from "expected useful life") ENERGY LAW, §9-103; LOCAL FINANCE LAW, §11.00(a): The "expected useful life" of … equated to the period of probable usefulness prescribed in Local Finance Law, §11.00(a) for obligations issued for such … by the periods of probable usefulness set forth in Local Finance Law, §11.00. Article 9 of the Energy Law …
https://www.osc.ny.gov/legal-opinions/opinion-99-10Becoming Eligible for a Benefit – Regional State Park Police Plan
… — you do not have to fill out any paperwork or file an application to become vested. However, you will need to file an application to begin receiving your vested benefit. 1 …
https://www.osc.ny.gov/retirement/publications/1867/becoming-eligible-benefitThe New York State Dedicated Highway and Bridge Trust Fund: At a Crossroads
The creation of the Dedicated Highway and Bridge Trust Fund in 1991 reflected a recognition that critical transportation infrastructure should be funded on a consistent, reliable basis by investing resources today for the long-term good of the State.
https://www.osc.ny.gov/files/reports/pdf/new-york-state-dedicated-highway-and-bridge-trust-fund-crossroads.pdfState Agencies Bulletin No. 1090
… Purpose To inform agencies of changes to the meaning and usage of some of the data elements in … To inform agencies of changes to the meaning and usage of some of the data elements in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1090-payserv-data-conversion-requirements-statewide-financial-system