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Member Contributions – Legacy Reporting
… Code (IRC). Federal income tax on these contributions is deferred until they are distributed. These contributions … payroll processing for Section 414(h): Participation is mandatory for all employers, for ERS members in Tiers 3 through 6, and is not available to all Tier 1 and 2 members. Contributions …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsOpinion 93-16
… credit under a service award program for responding to fire alarms during their "regularly assigned work periods". … a volunteer firefighter to take time off to respond to fire alarms does not alter the periods when, in fact, the … credit under a service award program for responding to fire alarms during their "regularly assigned work periods". …
https://www.osc.ny.gov/legal-opinions/opinion-93-16NYS Comptroller DiNapoli Leads Coalition of Comptrollers & Treasurers Opposing Trump Repeal of Clean Power Plan
… is calling on the Environmental Protection Agency (EPA) to halt the Trump administration's repeal of the Clean Power … Americans. Comptroller DiNapoli, was joined in the filling to the EPA by California State Treasurer John Chiang, … Beth Pearce. The full text of the comments they filed to the EPA is here . "The movement to a lower carbon economy …
https://www.osc.ny.gov/press/releases/2017/12/nys-comptroller-dinapoli-leads-coalition-comptrollers-treasurers-opposing-trump-repeal-clean-powerAvailable Pension Payment Options – State Police Plan
… payments cease upon your death. After you die (even if it is soon after retiring), no pension payments will be paid to … you with a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. … amount you were receiving for life. If your beneficiary is your spouse, at the time of your death, he or she will be …
https://www.osc.ny.gov/retirement/publications/1518/available-pension-payment-optionsUnified Court System Bulletin No. UCS-169
… To notify agencies of the new voluntary group term life insurance (Code 542) available to certain employees of the Unified Court System through Amalgamated Life Insurance Company. Affected Employees Unified Court System … To notify agencies of the new voluntary group term life insurance Code 542 available to certain employees of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-169-new-deduction-code-542-amalgamated-lifeNew York’s Economy and Finances in the COVID-19 Era (June 24, 2021)
… The U.S. Centers for Medicare & Medicaid Services (CMS) defines telehealth services as “the exchange of medical … all provider and service categories are unavailable, CMS data on telehealth utilization among New York Medicaid … likely to be performed via telehealth than others. The CMS data about the types of telehealth services used by the …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-24-2021Access to Preschool Special Education Services
… data that may come too late to help students in need of immediate services. Discrepancies among various SED data … method to identify school districts that warrant immediate review. Develop data integrity controls to provide …
https://www.osc.ny.gov/state-agencies/audits/2024/12/05/access-preschool-special-education-servicesThe Survivor’s Benefit Program for Retired NYS Employees
… The Survivor’s Benefit Program is a financial protection plan that provides a minimum death … 1966 and March 31, 1970. *State service means your salary is/was paid directly by New York State. What You Need to … You Retire What are the eligibility requirements? There is no need to enroll in the Survivor’s Benefit Program. You …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-retired-nys-employeesPermanent COLA
… In July 2000, the Retirement System was at the forefront of a successful effort to enact a law providing an annual cost-of-living adjustment (COLA) for retirees. A COLA payment is a change, based on the cost of living index, that permanently increases your retirement …
https://www.osc.ny.gov/retirement/publications/permanent-colaUnified Court System Bulletin No. UCS-130
… Purpose To notify agencies of the new voluntary insurance Deduction … Court System, OSC has established a new deduction code to be used for voluntary participation in a life insurance … update is not available for this deduction. Questions To obtain authorization forms or information regarding …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-130-new-deduction-code-539-allstate-life-new-yorkReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, whichever is later. If your election is not timely, by law, we must process your retirement as if …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionReimbursement of Homeless Shelter Providers – Rescue Mission Alliance of Syracuse
… monitors and appropriately reimburses claims for homeless shelter providers, such as Rescue Mission Alliance of Syracuse. The audit covered the … include unsheltered individuals). The Office’s funding of shelter services is administered through the Local Districts, …
https://www.osc.ny.gov/state-agencies/audits/2022/10/26/reimbursement-homeless-shelter-providers-rescue-mission-alliance-syracuseService Credit – Divorce and Your Benefits
… for military service. For most members, the total amount of service credit at retirement will directly affect the … may also affect the ex-spouse’s share, depending on when it was earned. The most commonly used equitable … Service credit is a factor in both the numerator and the denominator: 50% x the years of service earned during …
https://www.osc.ny.gov/retirement/members/divorce/service-creditFiscal Stress Monitoring System Briefing for School District Officials
Presenters will provide an overview of how the system evaluates fiscal stress, what a change in score or designation does or does not signify, and common issues that appear to be affecting school districts.
https://www.osc.ny.gov/files/local-government/academy/pdf/fsms-schools-010825.pdfNew Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade
… local funding. This funding expands eligibility levels to 300 percent of the federal poverty level starting in August …
https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decadeAvailable Options – Article 14 Benefits
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides for the maximum … payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), nothing will be … you with a reduced monthly benefit for your lifetime, and is based on your birth date and that of your beneficiary. …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsLife Changes: What If I Work after Retirement?
Thinking of returning to work? Earnings of NYSLRS retirees are regulated by the New York State Retirement and Social Security Law (RSSL).
https://www.osc.ny.gov/files/retirement/publications/pdf/1648-working-after-retirement.pdfLife Changes: What if I Leave Public Employment?
NYSLRS members who leave public employment have specific rights depending on their tier and years of service credit.
https://www.osc.ny.gov/files/retirement/publications/pdf/1800-leaving-public-employment.pdfAvailable Options – New Career Plan
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides the maximum … payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), nothing will be … your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value of your retirement benefit …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Career Plan
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides the maximum … payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), nothing will be … your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value of your retirement benefit …
https://www.osc.ny.gov/retirement/publications/1642/available-options