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State Agencies Bulletin No. 862
… such as prevention of a salary overpayment for a paycheck in the process of being confirmed, reconciliation of NYSTEP …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/862-new-telephone-hotline-earnings-payroll-related-emergenciesAdministrative Hearings
… service credit, you are entitled to an administrative hearing. If you are denied a benefit, you will receive a … are currently being conducted virtually using Webex, an online tool that allows users to host or participate in video …
https://www.osc.ny.gov/retirement/members/administrative-hearingsInflation in the New York City Metropolitan Area
… week, the U.S. Bureau of Labor Statistics (BLS) released new data indicating consumer prices grew by 8.5 percent nationally and 6.1 percent in the New York City Metropolitan Area (NYC metro area) in … percent over March 2021), followed by transportation (14.7 percent), recreation (8.3 percent) and food (8.0 …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
New York State Comptroller Thomas P DiNapoli today released an independent fiduciary and conflict of interest review of the New York State Common Retirement Fund Fund that commended the Fund for its strong policies and ethical management
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDeath Benefits
… As a NYSLRS member, your beneficiaries may be entitled to … the death certificate, we’ll mail information about death benefits, and any needed forms, to your beneficiaries. For …
https://www.osc.ny.gov/retirement/members/death-benefitsDirect Deposit Program
Sign up for the NYSLRS direct deposit program to receive your retirement benefits right in your bank account no more waiting for a check in the mail
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… example, if you have 19½ years of service credit but your pension will improve substantially if you have 20 years, your … credit cannot be used to reach the 20 years. Increase your pension beyond the maximum amount payable under your … Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jCost-of-Living Adjustment – Police and Fire Plan
… Once you meet the eligibility requirements, including age and number of … to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. You will … benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentAdditional Service Credit for Sick Leave (Section 341[j]) – En-Con Police Officers Plan
… example, if you have 19½ years of service credit but your pension will improve substantially if you have 20 years, your … credit cannot be used to reach the 20 years. Increase your pension beyond the maximum amount payable under your … Tier 1 2 3 5 and 6 members covered by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/additional-service-credit-sick-leave-section-341jCost-of-Living Adjustment – Non-Contributory Plan with Guaranteed Benefits
… This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of … of your Single Life Allowance, even if you selected a different option at retirement. You will begin receiving … benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the …
https://www.osc.ny.gov/retirement/publications/1513/cost-living-adjustmentCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… This adjustment, subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of … of your Single Life Allowance, even if you selected a different option at retirement. You will begin receiving … benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentRetiring with an Outstanding Loan – State Police Plan
… pay off your loan once you retire. The amount of your pension reduction will be based on your age, your loan … Age at Retirement Outstanding Loan Balance Annual Pension Reduction 45 $5,000 $172 $10,000 $344 55 $5,000 $208 …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanAbout the Common Retirement Fund – What Every Employer Should Know
… assets at fair value) represented 103.65 percent of total pension liability for the Employees’ Retirement System (ERS) … fiduciary net position represented 99.95 percent of total pension liability for ERS and 95.79 percent for PFRS. Visit …
https://www.osc.ny.gov/retirement/employers/partnership/about-common-retirement-fundCost-of-Living Adjustment – Career Plan
… Once you meet the eligibility requirements, including age and number of … to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. You will … benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentCost-of-Living Adjustment – New Career Plan
… Once you meet the eligibility requirements, including age and number of … to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. You will … benefit to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustmentPension Contribution Rates to Decrease for Fiscal Year 2015-16
… percent of payroll to 24.7 percent of payroll. “The state pension fund’s solid investment performance has delivered … are still being felt around the country, but New York’s pension fund is well-funded, is steadily recovering and will … employers access to a full projection of their annual pension bill six weeks earlier than in previous years. …
https://www.osc.ny.gov/press/releases/2014/09/pension-contribution-rates-decrease-fiscal-year-2015-16NYS Common Retirement Fund Announces First Quarter Results
… (8.3 percent), real estate (7.0 percent), absolute return strategies (2.7 percent) and opportunistic alternatives and … billion in assets (as of March 31, 2018) held in trust for the retirement security of the more than one million … and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: Tennessee Woman Sentenced for Stealing Deceased Mother's NYS Pension Checks
… of Leslie Schwinzer, of Knoxville, Tennessee, for stealing pension checks that had been issued to her deceased mother. … lied about her mother’s death in order to collect her pension checks and steal from New York state's retirement … mother’s death. Instead, Schwinzer received $92,222.55 in pension checks and Social Security payments into a joint …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-tennessee-woman-sentenced-stealing-deceased-mothers-nys-pension-checksNYS Common Retirement Fund Reports Second Quarter Results
… of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for the three-month period ending Sept. 30, 2020, and ended … and real assets (8.5 percent) and credit, absolute return strategies and opportunistic alternatives (5.3 percent). … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: Queens Woman Charged With Stealing Nearly $85,000 in NYS Pension Payments Meant for Her Deceased Father
… for allegedly stealing nearly $85,000 in New York state pension payments meant for her deceased father, State … in March 2003. He was receiving a direct deposit of his pension into a bank account that was in his and his deceased … wife’s name. He died in April 2020; at which time his pension should have ceased. In July 2022, the state …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-queens-woman-charged-stealing-nearly-85000-nys-pension-payments-meant-her-deceased-father