The first Supplemental Fund checks were mailed at the end of February 2025 for the Fund’s 2023 income. Eligible members who retired on or before December 31, 2022 who submitted an application by the deadline of December 31, 2024 but did not receive a Supplemental Fund payment, should contact the PBA at pbafund@nystpba.org no later than April 15, 2025 to file a claim for benefits. Once your claim is reviewed, you will receive a final determination on your eligibility.
There was a total of $2,021,369.46 of income to be distributed to eligible members who retired on or before December 31, 2022. The individual payments were calculated based on whole years of service starting April 1, 2007. An eligible member who retired on or before December 31, 2022 could have earned a maximum of 15 years of service during this time—with each year of service being worth $157.10 and a maximum payment of $2,356.46.
Because the Plan is a non-qualified plan described in Code Section 457(f) and the Plan benefit relates to your employment with the New York State Police, the benefit payment is subject to payroll and federal and state income taxes. As such, each payment had the following withholdings:
- Medicare 1.45%
- Social Security 6.2%
- Federal 22%
- NYS 11.7%
Federal and state withholdings must be withheld at the higher bonus rate and cannot be changed. New York State taxes were withheld regardless of the eligible member’s residency status because these payments are considered New York source income. If you are a New York State nonresident you must file Form IT-203, Nonresident and Part-Year Resident Income Tax Return, if you are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.
Nonresidents should check their state’s Department of Taxation and Finance website to determine if they are eligible for a credit for taxes paid to New York State.
You will receive a W-2 for any payments received in 2025 no later than January 31, 2026 for filing your 2025 income tax returns.