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Partial Lump Sum Payment – State Police Plan
… Eligible PFRS members can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … Amounts The amount of the PLS payment available to you is a percentage of the actuarial value of your retirement …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentPlanning
… The more time you have to do this, the easier it will be for you to reach your goals. And no one knows your goals better than you do. After all, you should have the best understanding of where you are and what you would like … radio or TV. Do your research on the web. Seek a Financial Expert Rule 5. Don’t be afraid to get expert help. Choosing a …
https://www.osc.ny.gov/retirement/members/planningState Police Disability (Section 363-b) – State Police Plan
… your duties as the natural and proximate result of a disability sustained in service, not caused by your own … you must apply within 90 days of the discontinuance. For a disability not sustained in service, you must have at … of service credit earned in the Division of State Police. For this benefit, “service” is when you are: On the payroll; …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bRetroactive Payments – Legacy Reporting
NYSLRS employers report information about employees through Retirement Online including their earnings the number of days they worked and more
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-paymentsRetroactive Service Credit due to Litigation, Settlements, and Arbitration Awards – Legacy Reporting
… settlements or arbitration when such actions result in the payment of retroactive salary. If you would like legal … due to litigation, settlement or arbitration award, follow the instructions on the Making Adjustments to Earnings and Days Worked page . … through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-service-creditMaking Adjustments to Earnings and Days Worked – Legacy Reporting
… days worked, you should submit an adjustment report using Retirement Online ( here is a sample adjustment report file … charged or credited accordingly for the employer portion of all salary adjustments in a future annual billing. Also, you can’t use Retirement Online or the Adjustment Report (RS2050) to report …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/making-adjustmentsMaximum Reportable Days – Legacy Reporting
… Employees paid on a weekly basis should be credited with a maximum of five … 25 days would then be the maximum reported. Employees paid on a biweekly basis must be reported with a maximum of 10 … payrolls, report a maximum of 30 days. Employees paid on a semimonthly or monthly basis must be reported with a …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/maximum-reportable-daysAcceptable Time and Attendance Systems – Legacy Reporting
… and Punch cards. Employees Who Do Not Participate in a Time-Keeping System Some employees, such as salaried … or appointed officials, are not required to participate in a time-keeping system; however, it is important to have …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/acceptable-time-and-attendance-systemsCalculating Days Worked – Legacy Reporting
… In the simplest of terms, to calculate the number of days … of hours worked during the report period ÷ Number of hours in the SWD = Number of days worked to be reported The … personal leave, bereavement leave, holidays or time off in lieu of payment for overtime. If a member has reportable …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/calculating-days-workedEstablishing the Standard Work Day – Legacy Reporting
… establish a SWD for each employee title (e.g., clerks, bus drivers, etc.), even if you only have part-time employees in … . ( Here is an example. ) For more information, including how to submit a resolution, visit our Reporting Elected and …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/establishing-standard-work-dayHow to Report Days Worked – Legacy Reporting
… impact on their retirement benefits. We use days worked to determine service credit, which is the basis for benefit eligibility and, in most cases, used in the calculation of benefits. Rev. 2/20 …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/how-report-days-workedSubmitting Your Payment – Legacy Reporting
… is by direct debit. Rather than sending us a check, we can withdraw the funds electronically through the automated … Debit Authorization form (RS5542) with your name, bank, account number and the name of the person to be … two separate security forms you must submit to participate in the Electronic Debit program. Employer Certification Form …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/submitting-your-paymentLump Sum Payments – Legacy Reporting
… Tier 1 Include lump sum payments for unused vacation on the Statement of Accrued Payments and Leave Credits Form … Do not report for members with date of membership on or after 4/1/72. Not reportable Not reportable Workers’ … details. All payments listed above should be included on the Statement of Accrued Payments and Leave Credits form …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/lump-sum-paymentsService Credit Purchase Payments – Legacy Reporting
… a direct trustee-to-trustee transfer from an eligible retirement tax-sheltered plan or account (this method can … to manage and make additional payments is through their Retirement Online member accounts . If members request … NYSLRS employers report information about employees through Retirement Online including their earnings the number of days …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsLoan Payroll Deductions – Legacy Reporting
… Once a loan has been approved and a check is sent to the member, a … on future payrolls. Should a member wish to repay the loan with a lump sum payment, he or she should contact our … 1-866-805-0990 (518-474-7736 in the Albany, New York area) for current payoff balances. Members can manage loan payments …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/loan-payroll-deductionsReporting Workers' Compensation Benefits – Legacy Reporting
… Workers’ compensation benefits can be paid to your employees … to us: All payments made directly to the member from workers’ compensation, with no salary paid by employer: Tier … and part payments made directly to the member from workers’ compensation: Tier 1 — Report salary paid by …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-workers-compensation-benefitsOverview – Legacy Reporting
… for you. (To determine whether someone is an employee or a contractor/consultant, please refer to our Independent Contractor vs. Employee page .) Employers using the enhanced …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overviewAdjustment Reports – Legacy Reporting
… NYSLRS employers report information about employees through …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/adjustment-reportsDays Worked – Legacy Reporting
… NYSLRS employers report information about employees through …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/days-workedThe Monthly Report – Legacy Reporting
… through Retirement Online including their earnings the number of days they worked and more …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/monthly-report