Employer Estimated Invoice

Overview

Your estimated invoice for your employer contributions due February 1, 2022 is now available in Retirement Online. Estimated invoices are available in late August / early September every year. If you have the Billing security role, we notify you when your estimated invoice is available. Only employees with the Billing security role are able to access employer billing information in Retirement Online.

Please do not send payment for your estimated invoice — this estimate is for informational purposes only.

 


How to View Your Estimated Invoice

To view your estimated invoice, sign in to your Retirement Online account. From your Account Homepage, click the “Access Billing Dashboard” button. After choosing your location code and retirement system (ERS or PFRS), click on the ‘Estimated Invoice’ link.

Retirement Online works best when viewed with Google Chrome or Microsoft Edge. If you use a different browser, you may experience problems or your information may not display properly. Learn more about Google Chrome or Microsoft Edge.

If you have difficulty signing in, accessing the Billing Dashboard or viewing your estimated invoice, please use our help desk form and select “Retirement Online Troubleshooting” from the dropdown.

 


You Should Know

The law requires NYSLRS to bill employers based on actual reported earnings from the last completed fiscal year (as shown in Retirement Online under ‘Fiscal Year Earnings’ within the Employer Billing Dashboard).

Your 2022 estimated invoice is based on earnings from the State fiscal year ending March 31, 2021. Any adjustments to earnings that were made after August 22, 2021 will be listed as ‘Prior Years’ Adjustments’ on next year’s invoice — they will not be included in the ‘Prior Years’ Adjustments’ shown on this year’s estimated invoice or this year’s annual invoice.

The amounts shown on your estimated invoice are for the payment due date of February 1, 2022 and the optional pre-payment date of December 15, 2021.

The “divide by factor” represents the 45 days of interest that are discounted when you pay your annual invoice on or before December 15 instead of February 1. This factor changes with the interest rate.

 


Contribution Stabilization Program (Chapter 57, Laws of 2010)

Should you choose to participate in the Contribution Stabilization Program, this estimated invoice provides the maximum amount you may amortize. You may amortize less than the maximum amount by setting up a schedule with us in advance.

If you choose to amortize a portion of your 2022 regular pension contributions, the interest rate for amounts amortized under the original Contribution Stabilization Program (Chapter 57, Laws of 2010) is 1.76 percent.

You can find additional information on our Contribution Stabilization Program page. If you have amortized any of the previous years’ payments, the repayment installment is shown on your estimated invoice.

 


Alternate Contribution Stabilization Program (Chapter 57, Laws of 2013)

If you previously elected to participate in the Alternate Contribution Stabilization Program, this estimated invoice provides the maximum amount you may amortize under this program. You may amortize less than the maximum amount by setting up a schedule with us in advance.

If you choose to amortize a portion of your 2022 regular pension contributions, the interest rate for amounts amortized under the Alternate Contribution Stabilization Program (Chapter 57, Laws of 2013) is 2.24 percent. In order to amortize under the Alternate Program, you must have filed an election form before February 1, 2014.

Additional information is available on our Alternate Contribution Stabilization Program page.

 


For Help with Your Estimate

If you have questions about your estimated invoice or don’t see all of the location codes that you should have access to, use our help desk form (select “Employer Billing” from the dropdown) or call 866-805-0990 (press 1, then 6).

 


(Rev. 9/21)