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New York State and Local Retirement System

What Every Employer Should Know

Your Annual Estimate and Invoice

Every August, we send you an estimate of your annual contributions for the current State fiscal year. Then, in November, we send your actual invoice. You are required to pay these contributions by February 1st of the next calendar year. Payments received after February 1st are subject to an 8 percent delinquency penalty.

Although your payment is due February 1st, you can choose to pre-pay a discounted amount by December 15th. Both the estimate and the invoice always provide you with the discounted amount.

If you are unsure of the terms used or sections on the invoice or estimate, view our Explanation of Invoice and Estimate Terms. By placing your cursor over select terms used on the estimate, this interactive presentation can help you understand the different sections of your annual invoice or estimate. For other annual contribution questions, contact our Billing Unit at 518-474-9236 or 518-486-3921.