Purpose:

The purpose of this bulletin is to notify agencies that the pensionable overtime earnings limit for Tier 5 ERS members for calendar year 2026 is $24,070.60.

Affected Employees:

Employees who are Tier 5 members of ERS Plan Type 87 are affected.

Background:

In accordance with Chapter 504 of the Laws of 2009, legislation established an annual, pensionable overtime earnings limit of $15,000 effective January 1, 2010. This amount increases each calendar year thereafter by three percent (3%).

Effective Dates:

Effective Institution paychecks beginning January 8, 2026, and Administration paychecks beginning January 14, 2026.

OSC Actions:

OSC will update PayServ to reflect the pensionable overtime earnings limit for 2026 of $24,070.60 for Tier 5 ERS members.

Questions:

Questions regarding this bulletin may be directed to the Payroll Retirement mailbox.