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Member E-News Archive — 2023
… and Comptroller DiNapoli Visit the New York State Fair COLA Information is Available for Eligible Retirees Divorce …
https://www.osc.ny.gov/retirement/publications/member-e-news-archive-2023DiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year 2019-20 will be in line … year, with the Employees' Retirement System (ERS) getting a slight decrease and the Police and Fire Retirement System's … (Fund) grew stronger and ended the last fiscal year with a funded status of 98 percent, according to actuarial …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020How the Program Works – Contribution Stabilization Program
… NYSLRS determines an employer’s annual contribution according to its usual procedures. The CSP does … or the method for determining annual contribution rates. For purposes of the CSP, the normal annual …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksCUNY Bulletin No. CU-283
… Office, OSC will automatically increase biweekly pre-tax contribution rates and decrease the biweekly post-tax contribution rates for employees enrolled in the Express …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-283-rate-changes-cuny-transit-benefit-tsa-programCUNY Bulletin No. CU-321
… Office, OSC will automatically increase biweekly pre-tax contribution rates and decrease the biweekly post-tax contribution rates for employees enrolled in the Express …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-321-rate-changes-cuny-transit-benefit-tsa-programState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… contribution rate for ERS will remain at 14.6 percent of payroll. The estimated average employer contribution rate for … by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. NYSLRS is made up of these two systems, which pay …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredState Agencies Bulletin No. 1275
… Affected Employees Members of PFRS in Tiers 3, 5 and 6 Background An Internal Revenue Service (IRS) ruling dated … states mandatory contributions made by PFRS members in Tier 3, 5 and 6 be deducted from their earnings before the … Programs have been changed to reflect the before tax contribution as follows: Retirement Benefit Plan New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1275-new-deduction-code-616-paf-retirement-tax-paf-btx-and-new-deductionNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… The New York State and Local Retirement System (NYSLRS) today announced employer contribution rates for the … for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two systems, which pay service and … and hurt Main Street, we are fortunate that our state pension fund entered this uncertain time as one of the …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22What Not to Report – Legacy Reporting
… Overtime that exceeds the annual overtime limitation for Tier 5 and Tier 6 ERS and PFRS (15 percent of regular salary) members … the purpose of computing employer and employee retirement contribution…” Chapter 301 of the Laws of 1993, effective …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum loan … Before you apply, you should be aware of the federal tax laws pertaining to NYSLRS loans. Your loan will be …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… New York State Comptroller Thomas P. DiNapoli today announced … Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the Employees’ Retirement System (ERS) and … and death benefits to their survivors. “The state pension fund’s performance in the fiscal year that ended …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-20242024 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2023, 2024 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2024.pdf2023 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2022, 2023 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2023.pdf2022 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2021, 2022 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2022.pdf2020 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2019, 2020 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2020.pdf2021 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2020, 2021 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2021.pdf2025 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2024, 2025 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2025.pdfTown of Shandaken – Payroll (2013M-201)
… they could take appropriate action. Employee healthcare contribution rates were miscalculated, resulting in employees paying … the Town attorney about possible recovery of the unpaid contribution amounts from employees who under-paid, as well …
https://www.osc.ny.gov/local-government/audits/town/2013/10/02/town-shandaken-payroll-2013m-201Reporting Member Contributions – Enhanced Reporting
… by submitting an adjustment using a paper adjustment form. The contributions will be returned to you if identified … responsible for refunding the member and correcting their W-2 form as applicable. NYSLRS is prohibited by the IRC from …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/reporting-member-contributionsEmployer Billing
… plans and options, and the pensionable earnings reported to NYSLRS for members employed during the last State fiscal … Guide will show employers with the Billing security role how to view billing information for your location. … Everything you need to know about employer billing including invoices contribution …
https://www.osc.ny.gov/retirement/employers/employer-billing