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State Agencies Bulletin No. 1929
… agencies that the pensionable overtime earnings limit for Tier 6 TRS members for school year 2021-2022 is $17,301. Affected Employees Employees who are Tier 6 members of TRS Plan Type 86 are affected. Background The OT limit for Tier 6 began in State fiscal year 2012-2013 at $15,000. In …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1929-school-year-2021-2022-tier-6-pensionable-overtime-ot-earnings-limitCredit for Previous or Military Service – New Career Plan
… able to obtain credit for your previous public employment or military service. It is very important that you claim all … records documenting your previous service may be lost or destroyed with the passage of time. Prior Service Prior … Service You may be able to receive credit for some or all of your military service. To determine your …
https://www.osc.ny.gov/retirement/publications/1515/credit-previous-or-military-serviceState Agencies Bulletin No. 1795
… agencies that the pensionable overtime earnings limit for Tier 6 New York City Employee Retirement System (7U), New … for the 2020 plan year is $17,067.00. Affected Employees Tier 6 NYCERS, NYCTRS, and NYCBERS members eligible for … of $225,000 are affected by the overtime limit change. All Tier 6 CUNY employees enrolled with NYCERS, NYCTRS, or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1795-2020-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsOvertime Compensation – Legacy Reporting
… For Tier 5 and 6 members, overtime pay beyond the annual limits below is not included in the … pay, location pay, longevity payments and top of pay grade bonus) from the previous calendar year. 1 Tier 6 ERS … staff . What Constitutes Overtime Payments? For compensation to be classified as “overtime,” it must be paid …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overtime-compensationDeath Benefits
… your beneficiaries may be entitled to receive a death benefit after you die. When you became a NYSLRS member, you … Plan Publication tool can help. Ordinary Death Benefit If you have at least one year of service credit and … your beneficiary may be entitled to an ordinary death benefit. Up to $50,000 of this benefit is paid in the form of …
https://www.osc.ny.gov/retirement/members/death-benefitsForms
… online or submitting the form. (RS5014, Rev. 5/22) Election to Make Voluntary Contributions For Tier 1 & 2 … and easiest way to apply for a NYSLRS loan . You can see how much you are eligible to borrow, what the repayment … the fastest and most convenient way to update your federal tax withholding and direct deposit information . If you still …
https://www.osc.ny.gov/retirement/formsState Agencies Bulletin No. 1625
… Retirement System (TRS) members for calendar year 2018 is $19,001.55. Background In accordance with Chapter 504 of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1625-tier-5-pensionable-overtime-earnings-limit-calendar-year-2018-employeesCredit for Previous or Military Service – Regional State Park Police Plan
… You may be able to obtain credit for your previous public employment or military service. It is very important that you claim all … because records documenting your previous service may be lost or destroyed with the passage of time. Please note …
https://www.osc.ny.gov/retirement/publications/1867/credit-previous-or-military-serviceState Agencies Bulletin No. P-977
Deferred Comp Maximum Contribution Increase
https://www.osc.ny.gov/files/state-agencies/payroll-bulletins/pdf/agencies-p-977.pdfVested Retirement Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… and salary earned when you were an active member. 1 Tier 1 members under the alternative age 55 plan may receive their full vested benefits at age 55. Tier 2, 3 and 5 members under this plan may receive their … retirement, between ages 55 and 62, with reduced benefits. Tier 1 members under the age 60 plan may receive their full …
https://www.osc.ny.gov/retirement/publications/1511/vested-retirement-benefitState Agencies Bulletin No. 1566
… maximum salary limit for members of TIAA (Plan Type 7Z) in Tier 6. Background In accordance with Section 415 of the … the 2017 plan year, which is the calendar year for TIAA Tier 6 participants. Affected Employees Employees who are members of TIAA in Tier 6 Effective Date Institution and Administration …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1566-maximum-salary-limit-teachers-insurance-and-annuity-tiaa-retirementVested Retirement Benefit – State Police Plan
… Eligibility If you leave public employment before retirement age, but have at least five years of service credit, you will be eligible for a vested retirement benefit when you do reach retirement age. Your … will be based on your service and your earnings as an active member. 1 The date you are eligible to collect a …
https://www.osc.ny.gov/retirement/publications/1518/vested-retirement-benefitDiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… that value was revised upward to $273.1 billion.) “Market volatility has been pronounced in the first half of … management and long-term approach has weathered previous market ups and downs and remains well-positioned to provide …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25Comparison of ERS Benefits
… than 10%. Payments Not Included in FAE Tiers 3 – 6: Unused sick leave Payments made as a result of working vacation Any form of termination pay Payments made in anticipation of retirement Lump sum … ERS retirement plans, refer to our Publications page . Sick Leave Credit (Section 41(j) RSSL) Eligible members may …
https://www.osc.ny.gov/retirement/employers/comparison-ers-benefitsCredit for Previous or Military Service – Article 14 Benefits
… You may be able to obtain credit for your previous public employment or military service. It is very important that you claim all … because records documenting your previous service may be lost or destroyed with the passage of time. Prior Service …
https://www.osc.ny.gov/retirement/publications/1644/credit-previous-or-military-serviceState Agencies Bulletin No. 2142
… salary limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: Tier 5 members of TRS Plan Type 86 are affected. Background: … increase to $330,000 for the 2023 calendar year for TRS Tier 5 plan participants. In accordance with Chapter 504 of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2142-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 1881
… are affected. Background The OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The limit increases … Consumer Price Index on December 31 of the previous year. In 2018, the maximum amount of OT that can be included in the final average salary of a Tier 6 member was changed …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1881-2021-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsState Agencies Bulletin No. 2251
The purpose of this bulletin is to notify agencies of the 202425 school year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2251-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 2351
… salary limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: Tier 5 members of TRS Plan Type 86 are affected. Background: … increase to $350,000 for the 2025-26 school year for TRS Tier 5 plan participants. In accordance with Chapter 504 of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2351-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… plan. The Benefit At retirement, you will receive a pension equal to: 1/60th (1.66 percent) of your FAS for each … to the Retirement System. The Maximum Benefit The maximum pension payable to Tier 2, 3, 5 and 6 members is the benefit … (RS6037) must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filing