Subject
Tier 6 Pensionable Overtime (OT) Earnings Limit for Calendar Year 2022 for Employees Enrolled in the New York State and Local Retirement System Plan Type 87, Employee’s Retirement System (ERS)
Date Issued
December 27, 2021
Purpose
The purpose of this bulletin is to notify agencies the pensionable overtime earnings limit for Tier 6 ERS members for calendar year 2022 is $18,233.00.
Affected Employees
Tier 6 members of ERS Plan Type 87 are affected.
Background
In accordance with Chapter 368 of the Laws of 2018, the limit increases each calendar year. The amount of the increase is based on the Consumer Price Index of the previous year.
Effective Dates
Effective Administration paychecks dated January 5, 2022, and Institution paychecks dated January 13, 2022.
OSC Actions
OSC will update PayServ to reflect the pensionable overtime earnings limit for 2022 to $18,233.00 for Tier 6 ERS members.
Questions
Questions regarding this bulletin may be directed to the Payroll Retirement mailbox.