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Contributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a …
https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirementWhat to Report – Legacy Reporting
… Note: Do not take contributions from any overtime that is not reported. Continue to report normal salary. Public … payments *As of July 1, 2019, public safety overtime that is paid by a public entity and meets other requirements must be reported, and is pensionable. If you have questions, visit our Public …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-reportWithdrawing Your Contributions and/or Your Membership – Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan for ERS Tier 3, 4, 5 and 6 Members
… ERS Tier 36 Article 14B Sec 551 552 553 Withdrawing Your Contributions andor Membership …
https://www.osc.ny.gov/retirement/publications/1841/withdrawing-your-contributions-andor-your-membershipWithdrawing Your Contributions and/or Your Membership – State Correction Officers and Security Hospital Treatment Assistants Plan
… Plan for ERS Tiers 3 5 and 6 Article 14CO Withdrawing Your Contributions andor Membership …
https://www.osc.ny.gov/retirement/publications/1526/withdrawing-your-contributions-andor-your-membershipWithdrawing Your Contributions and/or Your Membership – Coordinated Plan for ERS Tier 6 Members
… for ERS Tier 6 members under Article 15 Withdrawing Your Contributions andor Your Membership …
https://www.osc.ny.gov/retirement/publications/1530/withdrawing-your-contributions-andor-your-membershipWithdrawing Your Contributions and/or Your Membership – Coordinated Plan For ERS Tier 5 Members
… Coordinated Plan information for ERS Tier 5 members under Article 15 Withdrawing Your …
https://www.osc.ny.gov/retirement/publications/1523/withdrawing-your-contributions-andor-your-membershipWithdrawing Your Contributions and/or Your Membership – Coordinated Plan For ERS Tier 3 and 4 Members
… 3 and 4 members under Articles 14 and 15 Withdrawing Your Contributions andor Your Membership …
https://www.osc.ny.gov/retirement/publications/1522/withdrawing-your-contributions-andor-your-membershipOpinion 95-19
… purpose of eliminating a lag in retirement contributions by participating employers in the State Policemen's and …
https://www.osc.ny.gov/legal-opinions/opinion-95-19Overtime Limits – Enhanced Reporting
… feature will take effect at the start of calendar year 2026. Reporting PFRS Members Retirement Online calculates a … 2019 $16,779 2018 $16,406 Fiscal Year Overtime Limit April 1, 2017 – December 31, 2017* $12,036 April 1, 2016 – March 31, 2017 $15,721 April 1, 2015 – March …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsState Agencies Bulletin No. 1706
… Purpose To notify DMNA agencies of a new deduction code for pre-tax contributions to the New … code 416 (Deferred Comp). Background At the request of the Division of Military and Naval Affairs, employees in Bargaining Unit … To notify DMNA agencies of a new deduction code for pretax contributions to the New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1706-new-deferred-compensation-eligibility-division-military-and-navalLife Changes: Membership in a Nutshell
… P. DiNapoli I cannot stress enough how important it is for you to know how membership in the New York State and Local … future and the future of your loved ones. Whether you are just joining NYSLRS or have been a member for a … Understanding the benefits you are entitled to receive as a NYSLRS member is important …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellState Agencies Bulletin No. 2091
… below if an update to the employee’s SRA or TDA election for 2023 is necessary. Note: Agencies must enter … Blind, and School for the Deaf) or the Percent of Earnings election (for employees of CUNY), the agency must insert a … in employees’ Savings Plans panel and select Terminate on Coverage Election panel. Employees over the age of 50, or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2091-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 2185
… below if an update to the employee’s SRA or TDA election for 2024 is necessary. Note: Agencies must enter … Blind, and School for the Deaf) or the Percent of Earnings election (for employees of CUNY), the agency must insert a … in employees’ Savings Plans panel and select Terminate on Coverage Election panel. Employees over the age of 50, or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2185-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Agencies Bulletin No. 1976
… below if an update to the employee’s SRA or TDA election for 2022 is necessary. Note: Agencies must enter … Blind, and School for the Deaf) or the Percent of Earnings election (for employees of CUNY), the agency must insert a … in employees’ Savings Plans panel and select Terminate on Coverage Election panel. Employees over the age of 50, or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1976-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaComptroller DiNapoli Releases School Audits
… used for a capital project which had not yet been approved by district voters. In addition, district officials overestimated appropriations by a three-year total of $5.9 million 2015-16 through …
https://www.osc.ny.gov/press/releases/2019/12/comptroller-dinapoli-releases-school-auditsService Credit for Tiers 2 through 6
… be eligible. Remember, our staff is available to help you and answer your questions. Sincerely, Thomas P. DiNapoli … Service credit is a core component of your New York State and Local Retirement System (NYSLRS) membership. It … requirements for retirement benefits, death benefits and loans. For most members, the total service credit they …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6State Agencies Bulletin No. 1275
… Purpose To notify agencies of the new deduction codes 616 PAF Retirement Before Tax (PAF BTX) … Before Tax (PAF ARBTX) established for members of the New York State Police and Fireman Retirement System (PFRS). … checks dated October 23, 2013 OSC Actions OSC has created new deduction codes 616 PAF Retirement Before Tax (PAF BTX) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1275-new-deduction-code-616-paf-retirement-tax-paf-btx-and-new-deduction20-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… service, as specified by the New York State Retirement and Social Security Law (RSSL). You must separate from … interest earned). If you are age 55 or older at retirement and your regular plan would provide a greater benefit, the … Special 20 and 25Year Plan information for PFRS Tier 2 3 Article 11 5 …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… performed well over the past year despite the challenges in the market,” DiNapoli said. “We achieved a solid return on investments in the midst of global volatility thanks to our talented … The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionEarnings Limits – Enhanced Reporting
… 1996 Internal Revenue Code Section 401(a)(17) limits the earnings used in the calculation of pension benefits. The … limit, you should continue to report days worked and earnings using the appropriate earnings code , but do not take member contributions from … NYSLRS employers do not take contributions from member earnings that exceed annual limits However earnings that …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/earnings-limits