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Optional Service Credit Purchase Payments – Enhanced Reporting
… If members choose to purchase credit for additional previous public service, they have the option to pay the required … will receive a notification letting you know that their service credit purchase (SCP) deduction has changed. The …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/optional-service-credit-purchase-paymentsRepaying Your NYSLRS Loan after Retirement
… loan and increase their pension. Retirees cannot take a new loan from NYSLRS. If you are not yet retired, visit our … You can pay by check or money order, made out to the New York State and Local Retirement System. Please write your …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirementOther Bulletin No. 13
… 30, 2011. Taxes and Deductions This payment is subject to Federal, State, and local income taxes and Social … for mandatory retirement contributions, garnishments and Federal levies. Payroll Register and Employee’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-13-october-2010-suny-construction-fund-longevity-lump-sumState Agencies Bulletin No. 1876
… to notify agencies of the maximum salary limit for Tier 6 members of NYCTRS (7S), NYCBERS (7T), NYCERS (7U), PFRS (7W), NYSTRS (7X), and ERS (7Y). Affected … Employees who are Tier 6 members of NYCTRS, NYCBERS, NYCERS, PFRS, NYSTRS or ERS are affected. Background In …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1876-maximum-salary-limit-tier-6-members-following-retirement-systemsState Agencies Bulletin No. 885
… Purpose To notify agencies of the secondary reduction in employee contributions. … paychecks dated April 9, 2009 Background Chapter 617 of the Laws of 2007 amends NYS Education Law, Article 8-B, … change to a non-contributory status. Note : Based on a legal review by OSC Counsel, employees who have ten (10) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/885-elimination-mandatory-employee-contribution-members-optional-retirementDiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… more than 30 percent of income on rent. Hispanic and Black households make up disproportionate shares of New York … still have been unable to pay rent. Hispanic and Black households represented the largest groups not caught up on rent payments. Rent arrears for Black households have grown fastest in the period since April …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskDiNapoli: State Pension Fund Value $192 Billion
… best funded, best performing pension plans in the nation and that’s great news for the more than one million men and women who participate in it, as well as for New York taxpayers.” Over state fiscal year 2017, domestic and non-U.S. equities enjoyed overall returns of 17.01 …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionEmployers
… Information and resources for participating employers of the New York State and Local Retirement System NYSLRS …
https://www.osc.ny.gov/retirement/employersState Agencies Bulletin No. 2157
… purpose of this bulletin is to provide agency instructions for processing the 2023 CSEA ASU Work-Related Clothing … upon the return from leave. Agency Actions: Employee Reimbursement Distribution Method If an employee provides … to individual employees and submit one journal entry reimbursement for all affected employees using the following …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2157-2023-work-related-clothing-allowance-asu-employees-title-racingState Agencies Bulletin No. 1849
… in the Racing Inspector title. Affected Employees Administrative Services Unit (ASU) Bargaining Unit 02 who … of Absence/MLS (Mil Stip); and Has a Pay Basis Code of FEE; and Is assigned to a track location in the title of … the following Statewide Financial System chart field: SFS Business Unit Dept. Value Program Value Fund Value …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1849-2020-work-related-clothing-allowance-asu-employees-title-racingState Agencies Bulletin No. 2264
… purpose of this bulletin is to provide agency instructions for processing the 2024 CSEA ASU Work-Related Clothing … upon the return from leave. Agency Actions: Employee Reimbursement Distribution Method If an employee provides … to individual employees and submit one journal entry reimbursement for all affected employees using the following …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2264-2024-work-related-clothing-allowance-asu-employees-title-racing-0Charter School of Educational Excellence – Information Technology (2023M-174)
… affect the timely processing of its business functions. In addition to sensitive IT control weaknesses which we …
https://www.osc.ny.gov/local-government/audits/charter-school/2024/06/07/charter-school-educational-excellence-information-technology-2023m-174State Comptroller DiNapoli Releases Municipal & School Audits
… improvement project (CIP) were procured in accordance with district policies, statutory requirements and good … for the operation of the investment program in compliance with the board investment policy. Officials also did not … adequate bylaws or written policies or enforce compliance with the limited bylaws and policies that it adopted or …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsOverlap, Duplication, Gaps, and/or Fragmentation of Workforce Development Programs and Services (Follow-Up)
… current and emerging workforce needs. Additionally, a State Workforce Investment Board (SWIB) and other State-level and local and contracted providers have roles in … projects). OWD was disbanded in 2022 and replaced by the Empire State Development’s Office of Strategic Workforce …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/overlap-duplication-gaps-andor-fragmentation-workforce-development-programs-and-servicesCost-of-Living Adjustment – Police and Fire Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 percent or more than 3 …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… your retirement benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never less than 1 … a disability pension for five or more years. When you die, if you selected an option that pays a lifetime benefit …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentCost-of-Living Adjustment – Career Plan
… including age and number of years retired, your retirement benefit will permanently increase each year. This … (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to members in …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentCost-of-Living Adjustment – New Career Plan
… including age and number of years retired, your retirement benefit will permanently increase each year. This … (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years (generally applies to members in …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustmentCost-of-Living Adjustment – Non-Contributory Plan with Guaranteed Benefits
… for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1513/cost-living-adjustmentTier Status – Police and Fire Plan
… members who joined July 1, 2009 through January 8, 2010 and did not elect to be covered by Article 22 (i.e., did not … There is no Tier 4 in the New York State and Local Police and Fire Retirement System. …
https://www.osc.ny.gov/retirement/publications/1512/tier-status