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Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… who retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Earnings Limits
… earnings (FAE) , which is used to determine your NYSLRS pension, may be limited. If you earn more than the limit, it will not be factored into your pension and your employer should not withhold member … 401(a)(17) limits the earnings used in the calculation of pension benefits. The amount is set by federal law and …
https://www.osc.ny.gov/retirement/members/earnings-limitsDiNapoli, McGill Announce Arrest of Man Who Allegedly Stole Deceased Mother's Retirement Payments
… Michael McGill of the Social Security Administration (SSA) Office of the Inspector General, Philadelphia Field … from the New York State Common Retirement Fund and SSA that were sent to his deceased mother, Elizabeth Dorothy … mother’s death and continued collecting her retirement and SSA payments. He allegedly stole $28,679 from the state …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-mcgill-announce-arrest-man-who-allegedly-stole-deceased-mothers-retirement-paymentsOversight of Campus Foundations
… activities in accordance with applicable laws, rules, and regulations. The audit covers the period July 1, 2013 … efforts, real property management, or other activities and functions that are not specifically vested with the campus. Generally, foundations receive and manage donations and make these resources available to …
https://www.osc.ny.gov/state-agencies/audits/2018/02/26/oversight-campus-foundationsState Police Disability (Section 363-b) – State Police Plan
… behalf. For example, your attorney, a power of attorney (POA) or a court-appointed guardian, who has been granted …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bState Agencies Bulletin No. 835.1
… using the Action/Reason code of PAY/NSG (Pay Rate Change/NS to Grade) for all rows requiring a salary correction on … be changed, the Action/Reason code of DTA/NSG (Data Change/NS to Grade) must be submitted. Qualifying hours used to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/8351-new-promotion-method-calculating-salaries-employees-upon-movement-civilViolating the Terms of a DRO – Divorce and Your Benefits
… If NYSLRS has a DRO on file that requires a member to elect a specific … and name the ex-spouse as beneficiary, the terms of that DRO will supersede any other designation. Problems can occur when a DRO is not on file at the time of a member’s retirement. If … ends Guide to Domestic Relations Orders Violating a DRO …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droState Agencies Bulletin No. 517
… Earn Codes will be adjusted automatically: Contract Pay ( CON ), Extra Service hourly ( ES1 ), Extra Time ( EXT ), … and, if applicable, OSC will update the Goal Balance for CON earnings accordingly. If the retroactive action was … academic year, the agency should review the amount of CON earnings that will be calculated for the pay period in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/517-april-1-2004-salary-and-other-increases-employees-represented-publicState Agencies Bulletin No. 2039
… Purpose: The purpose of this bulletin is to provide information on the overtime … overtime and pre-shift briefing adjustments as a result of the factor change implemented in Administration checks … pay increases are affected. Background: Chapter 55 of the Laws of 2021 which implemented the 2015-2019 Agreement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2039-systematically-calculated-overtime-and-pre-shift-briefing-adjustmentsRetiring Before Age 62 – Police and Fire Plan
… reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage of Reduction 55 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It …
https://www.osc.ny.gov/retirement/publications/1512/retiring-age-62New York State Comptroller DiNapoli, CalPERS CEO Marcie Frost and NYC Comptroller Mark Levine Raise Alarm on Reports of Proposed SpaceX IPO Governance
… governance structure within SpaceX’s confidential draft registration statement. While the registration statement has not yet been made publicly … Musk’s affiliated entities . The investors requested a meeting with SpaceX management to discuss these reforms. “We …
https://www.osc.ny.gov/press/releases/2026/05/new-york-state-comptroller-dinapoli-calpers-ceo-marcie-frost-and-nyc-comptroller-mark-levine-raiseApplication for Refund of Excess Contributions (RS5195)
To apply for the refund of excess member contributions, NYSLRS Tier 1 & 2 members (and Tier 3 & 5 Police and Fire Retirement System members who are non-contributory), who voluntarily contribute, use form RS5195.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5195.pdfState Police Bulletin No. SP-219
State Police Bulletin No SP219
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-219-2021-state-police-education-paymentState Police Bulletin No. SP-231
… income taxes. Federal, State, and New York City income tax withholding will be calculated using the Aggregate method. Yonkers income tax withholding will be calculated using the Flat Rate method. Yonkers Flat Rate Withholding is 1.95975% for Yonkers residents and 0.50% for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-231-2022-state-police-education-paymentState Police Bulletin No. SP-242
… is to provide the Division of State Police instructions for processing the 2024 Education Payment. Affected … will be made annually in June of each year and will be for one degree only. For employees in BU62, when the degree is obtained during the … is to provide the Division of State Police instructions for processing the 2024 Education Payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-242-2024-state-police-education-paymentState Police Bulletin No. SP-260
… of this bulletin is to inform the Division of State Police of OSC’s automatic processing of the 2025 State Police Holiday Bonus Payment, and to provide agency … Affected Employees: All employees in the State Police Investigators Unit (BCI) – BU62 represented by NYSPIA …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-260-2025-holiday-bonus-payment-eligible-employees-state-policeState Police Bulletin No. SP-246
… Purpose: The purpose of this bulletin is to inform the Division of State Police of OSC’s automatic … processing of the 2024 State Police Expertise Pay, and to provide agency instructions for submitting payments not processed automatically. Affected Employees: All …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-246-2024-expertise-pay-eligible-employees-state-police-investigators-unitState Agencies Bulletin No. 2096
… effective dates and check dates: Pay Cycle/Pay Period Type Period No. Effective Date Check Date Administration/Lag …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2096-reallocation-nursing-titlesDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… Retirement Fund (Fund), today announced he has written to 10 of the largest greenhouse gas emitting companies held by the Fund, urging them to reduce emissions and address risks arising from climate … change. "Climate risk is one of the greatest threats to the state pension fund and its long-term investments," …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goals