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State Agencies Bulletin No. 1527
… rows. Tools for Calculation OSC has provided a TIAA Breaks Calculator Job Aid for assisting with the breaks in service calculation. This calculator should be used by the agency when calculating … all TIAA members appearing on the NBEN742. The TIAA Breaks Calculator can be found on the OSC Payroll web site. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1527-calculating-correct-projected-366-day-completion-date-andor-projected-7DiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… Employer contribution rates for the New York State and Local Retirement System … three years of rate reductions, pension contribution rates will remain stable for our participating employers in … the knowledge that their pensions are secure." Employer rates are determined based on actuarial assumptions …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18NY State Comptroller DiNapoli Calls on Companies to Adopt Better Workers' Rights Policies
… Comptroller Thomas P. DiNapoli today announced a series of shareholder proposals filed at several major companies on workers’ freedom of association and collective bargaining rights. The …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-calls-companies-adopt-better-workers-rights-policiesState Agencies Bulletin No. 1478
… instructions for processing the April 2016 Longevity Payment for Long-Term Seasonal Employees. Affected Employees … in the calculation of overtime compensation (refer to the Online Payroll Manual accessed from the PayServ Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1478-april-2016-longevity-payment-long-term-seasonal-employeesCUNY Bulletin No. CU-445
… performed. The payment is processed through the payroll system to facilitate crediting retirement service. Work may be performed in any facility, but must be paid from the college where the employee is employed on a full-time basis and must be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-445-2012-cuny-research-foundation-cuny-rf-grant-payments-summerOvertime Limits for Tier 5
… Overview For members of Tier 5, New York State Retirement and Social Security Law … $26,302.59 2028 $25,536.50 2027 $24,792.71 2026 $24,070.60 2025 $23,369.51 2024 $22,688.85 2023 $22,028.01 2022 … pay, location pay, longevity payments and top of pay grade bonus) from the previous calendar year. For More …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5Early Retirement – Article 14 Benefits
… Escalation Filing Your Application for Service Retirement (RS6037) must be on file with the Office of the State …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementNormal Retirement – Article 14 Benefits
… Filing Your Application for Service Retirement (RS6037) must be on file with the Office of the State …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementState Agencies Bulletin No. 1473
… B-1210 issued September 20, 2013, the balance of each employee’s actual DRP reductions will be repaid for … payroll periods), repayment will begin when the employee rejoins the payroll in fiscal year 2016-2017 for the … Plan Repayment should be directed to the applicable budget examiner at the Division of the Budget. Questions regarding …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1473-repayment-united-university-professions-uup-bargaining-unit-68-deficitPublications
… and retirement plan determine your benefits. The best way to find your specific retirement plan publication is to visit … of Both Retirement Systems (ERS and PFRS) Partial Lump Sum (PLS) Payment at Retirement Explains the option to … 11, 2001. (VO1834) Divorce and Your Benefits Explains how your NYSLRS pension and other retirement benefits could …
https://www.osc.ny.gov/retirement/publicationsOpinion 89-38
… district to make certain payments to surviving spouses of retired school district employees. You indicate that the … to provide for payments to the surviving spouses of those retired school district employees who elect the so-called … to provide for payments to the surviving spouses of those retired school district employees would violate the …
https://www.osc.ny.gov/legal-opinions/opinion-89-38Fiscal Year Earnings and Prior Years’ Adjustments
… Role must submit an adjustment for the appropriate payroll end date. Your Security Administrator assigns this …
https://www.osc.ny.gov/retirement/employers/fiscal-year-earnings-and-prior-years-adjustmentsEmployee Qualifications, Hiring, and Promotions
… by the provisions of the Law and is subject to the rules of the NYC Municipal Civil Service Commission. As such, … agencies while allowing the staff to remain in the same pension system and tier and retain existing longevity and … requires a Yogi Request Justification Questionnaire and a pension evaluation to obtain MTAHQ approval of a request to …
https://www.osc.ny.gov/state-agencies/audits/2019/01/17/employee-qualifications-hiring-and-promotionsTier Status – En-Con Police Officers Plan
… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are in: If you … on their retirement plan election. There is no Tier 4 in the New York State and Local Police and Fire Retirement …
https://www.osc.ny.gov/retirement/publications/1822/tier-statusState Agencies Bulletin No. 925
… payments. Affected Employees Selected full-time CSEA, PEF or M/C employees in Executive Branch agencies Background … State Financial Plan. The program is available to CSEA and PEF employees and employees in Management/Confidential … upon separation for both retired and terminated employees. PEF Dues PEF dues (and agency shop) are .9 percent of an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/925-executive-voluntary-severance-program-paymentsDiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionState Agencies Bulletin No. 1683
… Checks) Payroll Direct Deposit Returns (Reissued checks from failed Direct Deposits) Payroll Direct Deposit Reversals …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1683-new-payroll-check-notification-reportState Agencies Bulletin No. 969
… is no direct deposit for this payment. Deduction and Tax Withholding Information The employee’s VSP payment is subject … and Federal levies. Taxes will be calculated using the withholding information currently in the employee’s tax Data …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/969-executive-voluntary-severance-program-payments-second-installmentState Agencies Bulletin No. 2110
… and Has at least 1,500 hours in pay status as a seasonal employee during each of the previous five years in either … for Long-Term Seasonal Employees is included as salary for retirement purposes and must be included in the calculation … LCO Hours: The number of overtime hours to include LPS The system will multiply the number of hours reported as LCO by …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2110-april-2023-longevity-payment-long-term-seasonal-employeesState Agencies Bulletin No. 2220
… and Has at least 1,500 hours in pay status as a seasonal employee during each of the previous five years in either … for Long-Term Seasonal Employees is included as salary for retirement purposes and must be included in the calculation … Hours: The number of overtime hours to include LPS The system will multiply the number of hours reported as LCO by …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2220-april-2024-longevity-payment-long-term-seasonal-employees