You can view your New York State and Local Retirement System (NYSLRS) Fiscal Year Earnings and Prior Years’ Adjustments in Retirement Online. These are the earnings and days worked reported to NYSLRS, as well as any adjustments that were processed, during the 2020-2021 State fiscal year.
Fiscal Year Earnings
Fiscal Year Earnings allows you to see a breakdown of pensionable earnings by tier, plan, option and member for a given State fiscal year. The estimated and annual invoices you receive in 2021 will be based on the April 2020 – March 2021 fiscal year earnings you reported to NYSLRS. Payment of the annual invoice you receive in 2021 will be due February 1, 2022.
Prior Years’ Adjustments
Prior Years’ Adjustments allows you to see changes to previous years’ pensionable earnings for your location and by member. Adjustments occur when earnings that were not previously reported through the regular monthly reporting process are entered into an employee’s NYSLRS account. These adjustments may result from adjustments made in Retirement Online or submitted on an Adjustment Report (RS2050).
Our service credit or retirement benefit calculation staff may also adjust earnings if they find mandatory service that wasn’t credited. This action initiates a cost to you, the employer, for your share of contributions for these salaries, plus interest.
The Prior Years’ Adjustments report reflects the adjustments submitted and posted to a member’s earnings and service data through March 31, 2021. Any adjustments processed after March 31, 2021 will be reflected on the next year’s report.
Contributions and interest will be calculated based on these adjustments, however, no money is due at the time the report is generated. Any amount due will be noted on the estimated and annual invoices for fiscal year 2022 that you receive in 2021, and will be based on the 2020-2021 fiscal year earnings reported to NYSLRS. Your annual invoice will become available to you in November and the amount due must be paid either by December 15 or February 1.
Since you are billed or credited for adjustments, it’s important to review them to confirm they agree with your records.
Sign in to Retirement Online. From your Account Homepage, click the “Access Billing Dashboard” button. After choosing your location code and retirement system (ERS or PFRS), click on either the ‘Fiscal Year Earnings’ or ‘Prior Years’ Adjustments’ link in the Billed Data section. From there, you can choose to review reported earnings or prior year’s adjustments. See our printable guide for step-by-step directions.
Only employer contacts with the billing security role have access to the Billing Dashboard. Your Security Administrator assigns the billing security role to contacts who need to view billing information.
You can download both the Fiscal Year Earnings and Prior Years’ Adjustments data to an Excel spreadsheet. If you don’t have Excel, please use our help desk form (select "Employer Billing" from the dropdown) or call 866-805-0990 (press 1, then 6) for assistance with printing.
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Fiscal Year Earnings
If there is an error in the Fiscal Year Earnings report, you will need to submit an adjustment using Retirement Online. If you need to make an adjustment that results in zero earnings or days worked, mail an Adjustment Report (RS2050) and an Adjustment Report Label (RS2050-A) instead of using Retirement Online. Any adjustments processed after March 31, 2021 will be reflected on the next year’s report.
Prior Years’ Adjustments
If you disagree with an adjustment appearing on the report, use our help desk form (select "Employer Billing" from the dropdown). They will review any adjustments you feel are incorrectly listed on your report.
A prior years’ adjustment might be incorrectly listed on your report for some of these reasons:
- Some adjustments are keyed into the computer system manually and there may have been an error in the employer location code that was entered.
- The earnings entered were previously reported under a different registration number for the member.
- The earnings entered were previously reported on a monthly report by you (it is your responsibility to supply proof of this).
Decremented salaries are earnings that have been reported for members who withdraw, transfer, retire or die during the fiscal year billing period. Decremented salaries are pensionable earnings and are taken into account when plan rates are calculated.
Chapter 94, Laws of 2015 established billing based on actual earnings rather than estimated earnings. Decremented salaries are included in your projected invoice, estimated invoice, and annual invoice calculations. Your last projected invoice, provided in September 2020, was based on your employees’ actual earnings for State fiscal year April 1, 2019 – March 31, 2020.
If you have questions about Fiscal Year Earnings or Prior Years’ Adjustments, please use our help desk form (select "Employer Billing" from the dropdown) or call 866-805-0990 (press 1, then 6).
If you have questions about Retirement Online or have issues signing in, you may find this troubleshooting information helpful.