Subject
Tier 6 Pensionable Overtime (OT) Earnings Limit for Calendar Year 2023 for Employees Enrolled in the New York State Employees’ Retirement System Plan (ERS)
Date Issued
December 22, 2022
Purpose
The purpose of this bulletin is to notify agencies the pensionable overtime earnings limit for Tier 6 ERS members for calendar year 2023 is $19,729.00.
Affected Employees
Tier 6 members of ERS Plan Type 87 are affected.
Background
In accordance with Chapter 368 of the Laws of 2018, the overtime limit increases each calendar year. The amount of the increase is based on the Consumer Price Index of the previous year.
Effective Dates
Effective in Administration paychecks dated January 4, 2023 and Institution paychecks dated January 12, 2023.
OSC Actions
OSC will update PayServ to reflect the pensionable overtime earnings limit for 2023 to $19,729.00 for Tier 6 ERS members.
Questions
Questions regarding this bulletin may be directed to the Payroll Retirement mailbox.