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Office of the New York State Comptroller’s Seal

NYS Comptroller

Thomas P. DiNapoli

Coordinated Plan

For ERS Tier 5 Members

(Article 15)

IRS Pension Limitation

Internal Revenue Code Section 401(a)(17) limits the amount of earnings that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. It affects members who joined on or after April 1, 1996, and currently excludes earnings over $280,000 (effective April 1, 2019) in the State’s fiscal year (April 1 – March 31). The amount is set by federal law and is periodically adjusted for inflation.