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Overtime Compensation – Legacy Reporting

… pay beyond the annual limits below is not included in the definition of earnings, and we cannot use it in a … 1 – December 31) rather than the State fiscal year (April 1 – March 31). It increases based on the change in the … or greater; Recall overtime; and Holiday premium pay for holidays worked.* As of July 1, 2019, public safety overtime …

Death Benefits

… tool can help.   Ordinary Death Benefit If you have at least one year of service credit and die while in active … the benefit is reduced 4 percent per year starting at the age of 62 (63 for Tier 6 members) but cannot be reduced below … of 62 (63 for Tier 6 members) but cannot be reduced below 70 percent of the original benefit payable. The earnings are …

Credit 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 …

State Agencies Bulletin No. 1795

… Purpose The purpose of this bulletin is to notify agencies that the pensionable overtime earnings … members eligible for overtime compensation and/or limited to the Governor’s Salary cap limit of $225,000 are affected … salary of a Tier 6 member was changed from fiscal year to calendar year as a result of Chapter 368 of the Laws of …

Forms

… Please submit all three pages. (RS6340, Rev. 11/22)   605-A Accidental Disability Retirement Application For court … System members and ERS members covered under Section 605-d and 607-e. This is a two-page form and a HIPAA waiver. …

DiNapoli: MTA Financial Outlook Improved

… The outlook for the Metropolitan Transportation Authority’s (MTA) … The outlook for the Metropolitan Transportation Authoritys MTA …

Credit 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 … Before Your Date of Membership You may receive credit for working for a participating employer before you joined the Retirement … Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section383a …

Credit for Previous or Military Service – Forest Rangers Plan

… You may be able to obtain credit for your previous public employment or military service. It … Before Your Date of Membership You may receive credit for working for a participating employer before you joined the Retirement … Forest Rangers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383c …

Overview – Special 20- and 25-Year Plans

… The New York State Budget enacted in April 2025 resulted in two new sections of the Retirement and Social Security Law (RSSL), which created new retirement … 5 members and Tier 6 members who joined before July 1, 2025.* Section 383-f of the RSSL provides a new 25-year plan, …

State Agencies Bulletin No. 1625

… earnings limit for Tier 5 Employee Retirement System (ERS) and Tier 5 Teacher’s Retirement System (TRS) members for … Affected Employees Employees who are Tier 5 members of ERS Plan Type 7Y and TRS Plan Type 7X Effective Dates … overtime earnings limit for that year for Tier 5 ERS and TRS members as follows: ERS and TRS Overtime Limit by …

Vested Retirement Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… benefit if you leave public employment before retirement age and you have five years of credited service. When you … age 55 plan may receive their full vested benefits at age 55. Tier 2, 3 and 5 members under this plan may receive their full vested benefits at age 62, or may choose early retirement, between ages 55 …

Vested Retirement Benefit – State Police Plan

State 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 …

Comparison of ERS Benefits

… 30 years). See Tier 6 Member Contributions. Retirement Age Full benefits at age 62. Retire as early as age 55. Benefits … reduction with at least 30 years of credited service. Full benefits at age 62. Retire as early as age 55. Benefits … leave  Payments made as a result of working vacation Any form of termination pay Payments made in anticipation of …

About Offering a Retirement Plan – What Every Employer Should Know

… Why offer a Retirement System plan to your employees? Being part of NYSLRS enables … attractive benefits package, including a defined benefit pension . With a defined benefit pension, employees can be assured of a lifetime benefit …

DiNapoli: Wall St. Profits Soared in First Half of 2020

… jump was propelled by $2.4 trillion in federal stimulus funds and the lowering of interest rates to near zero, which …

Credit 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 …

State Agencies Bulletin No. 1881

… increases each year and is based on the Consumer Price Index on December 31 of the previous year. In 2018, the …

State Agencies Bulletin No. 2142

… this bulletin is to notify agencies of the 2023 plan year maximum salary limit and pensionable overtime earnings limit … 2023. OSC Actions: OSC will update PayServ to reflect the Maximum Salary Limit for calendar year 2023. PayServ will … this bulletin is to notify agencies of the 2023 plan year maximum salary limit and pensionable overtime earnings limit …

State Agencies Bulletin No. 2251

… The purpose of this bulletin is to notify agencies of the 202425 school year maximum salary limit and pensionable …