Search
Salary and Service: Keys to Retirement Benefits
… you work and how much you earn. They are referred to as Service Credit and Final Average Earnings (FAE) . … A NYSLRS members service credit and final average earnings FAE are two major …
https://www.osc.ny.gov/retirement/members/salary-and-service-keys-retirement-benefitsPatient Safety Center Activities and Handling of Revenues (Follow-Up)
… federal and State laws and regulations and, through its Bureau of Administrative Hearings, for enforcing violations. … specifically to support PSC expenditures. The Department’s Bureau of Accounts Management is responsible for overseeing …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/patient-safety-center-activities-and-handling-revenues-followDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… New York State Comptroller Thomas P. DiNapoli announced today that the … “The emerging manager program increases our access to investment opportunities and broadens the pool of talented … investment advisor, and a minority, employee-owned firm consisting of an experienced and knowledgeable …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programAccidental Disability – Special 20- and 25-Year Plans
… the accidental disability retirement benefit is a lifetime pension. The benefit is equal to 75 percent of your FAE, plus … Disability Retirement (RS6047) . You must also select a pension payment option for the payment of your disability benefits. The pension payment option election form must be completed by you …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityMiddletown Employee Charged With Theft
… Kevin P. Bruen said. “This case involved a public employee who stole from taxpayers for his own personal … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2021/12/middletown-employee-charged-theftOpinion 91-25
… portion of the holding in Smerek is against the weight of authority which is to the effect that a disabled …
https://www.osc.ny.gov/legal-opinions/opinion-91-25Retirement Planning
… The resources below will help you. You can estimate your pension, learn about your NYSLRS benefits and find tips on …
https://www.osc.ny.gov/retirement/members/retirement-planningService Credit for Tiers 2 through 6
… benefit you receive will be directly related to your retirement service credit. As a NYSLRS member, you earn … is a core component of your New York State and Local Retirement System (NYSLRS) membership. It determines when you are …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6NYS Common Retirement Fund Announces First Quarter Results
The New York State Common Retirement Funds Fund overall return in the first quarter of the state fiscal year 20152016 was 052 percent for the threemonth period ending June 30 2015 with an estimated value of $1825 billion according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-results20-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… Social Security Law (RSSL). You must separate from service on the last day of the month following the month in which you … percent of your FAE per year of service in other allowable government titles. The maximum benefit cannot exceed 50 … 15 – 90 days before your date of retirement. For information on how to apply for a service retirement benefit, …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dEligibility, the Benefit and Filing – Police and Fire Plan
… Retirement (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/1512/eligibility-benefit-and-filingDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… Retirement Fund (Fund) reached a record estimated value of $183.5 billion as of the close of the state fiscal year on March 31, 2015. … asset allocation.” The Fund is the third-largest public pension fund in the country and remains one of the nation’s …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $259.9 billion at the end of the third quarter of state fiscal year 2023-24. For the … our pensioners and members can remain confident that their pension benefits are safe.” The Fund's value reflects …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterNew York State Comptroller DiNapoli Statement in Response to Majority Support at Exxon Annual Meeting
… portfolio of public and private equities, fixed income, real estate and alternative instruments. … New York State …
https://www.osc.ny.gov/press/releases/2017/05/new-york-state-comptroller-dinapoli-statement-response-majority-support-exxon-annual-meetingHiring Members with the Enhanced Report – Enhanced Reporting
… important to ask the employee whether they are an existing member or retiree of one of the eight public retirement systems in New York State. If they are a NYSLRS member or retiree, you … available. You would hire (not enroll) the employee into a new employment instance if they have never worked at your …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/hiring-members-enhanced-reportNYS Common Retirement Fund Reports Third Quarter Results
The New York State Common Retirement Funds Fund estimated return in the third quarter of the State Fiscal Year SFY 202122 was 474 for the threemonth period ending Dec 31 2021 according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
The New York State Common Retirement Funds Fund overall return in the second quarter of the Funds 20152016 fiscal year was 413 percent for the threemonth period ending Sept 30 2015 according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-resultsEarnings Limits – Enhanced Reporting
… 1996 Internal Revenue Code Section 401(a)(17) limits the earnings used in the calculation of pension benefits. The … table below. Once a member reaches the Section 401(a)(17) limit, you should continue to report days worked and earnings …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/earnings-limitsComptroller DiNapoli and A.G. Schneiderman Announce Criminal Charges and Civil Lawsuit Against Pharmacy Owner for Allegedly Defrauding Medicaid
… to be a healthcare safety net for New Yorkers – not a bank account for criminals," said Attorney General Schneiderman. …
https://www.osc.ny.gov/press/releases/2018/02/comptroller-dinapoli-and-ag-schneiderman-announce-criminal-charges-and-civil-lawsuit-against-pharmacyXII.6.I Paying a Non-State Employee – XII. Expenditures
… an employee, disadvantages the worker in that: For income tax purposes, the worker may be required to report payments … his or her proper share of Social Security and Medicare tax liabilities. The worker will not receive pension plan … be used “as is” or as a template to create a determination form specific to the Business Unit’s needs. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6i-paying-non-state-employee