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Member & Retiree E-News Archive — 2024
… Information is 12/31 Retirees Contribute to New York State’s Economy November 2024 Members Protecting Yourself … Working for a Public Employer While Receiving a NYSLRS Pension Benefit Retirees COLA is Coming at the End of … for Tier 6 Tier 6 Final Average Earnings Based on Highest 3 Years Excluding OT Pay from Tier 6 Contribution …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024Medicaid Program – Reducing Medicaid Costs for Recipients Who Are Eligible for Medicare (2021-S-16) 180-Day Response
To determine whether the Department of Health (Department) took sufficient steps to control the Medicaid costs of recipients who were eligible for Medicare based on age but were not enrolled in Medicare.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s16-response.pdfMedicaid Program: Reducing Medicaid Costs for Recipients Who Are Eligible for Medicare (2021-S-16)
To determine whether the Department of Health (Department) took sufficient steps to control the Medicaid costs of recipients who were eligible for Medicare based on age but were not enrolled in Medicare.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s16.pdfOpinion 97-2
… provides, among other things, for the regulation and certification by the State Superintendent of Insurance of …
https://www.osc.ny.gov/legal-opinions/opinion-97-2Opinion 90-54
… LAW, §§60, 360, 508, 606: The Retirement System is required to pay ordinary death benefits to the beneficiary … the equitable distribution of retirement benefits payable from the New York State and Local Retirement Systems … we note that the Retirement System, as a governmental plan, is excepted from the provisions of the Employees' …
https://www.osc.ny.gov/legal-opinions/opinion-90-54Opinion 92-12
… or statutory amendments that bear on the issues discussed in the opinion. PAID FIREFIGHTERS -- Disability Benefits … such as volunteer work. General Municipal Law, §207-a(1) requires a city (other than New York City), town, village … apparent inequity of permitting disabled men to work at jobs in the private sector while receiving full salary might …
https://www.osc.ny.gov/legal-opinions/opinion-92-12Opinion 88-6
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … discussed in the opinion. PUBLIC OFFICERS AND EMPLOYEES -- Retirement Benefits (authority of municipality to contribute …
https://www.osc.ny.gov/legal-opinions/opinion-88-6COVID-19 Guidance for Employers
… credit amount: The employee is subject to a Federal, State, or local quarantine or isolation order related to …
https://www.osc.ny.gov/retirement/employers/covid-19-guidance-employersOversight of Horizon and Crossroads Juvenile Centers
… Children and Family Services (OCFS) is responsible for the certification, oversight, and monitoring of the State’s …
https://www.osc.ny.gov/state-agencies/audits/2025/04/10/oversight-horizon-and-crossroads-juvenile-centersMedicaid Program – Medicaid Overpayments for Medicare Part B Services Billed Directly to eMedNY
… is met. After the deductible is met, Medicare begins to pay its share and the enrollee is responsible for any coinsurance. Typically, Medicare will pay 80 percent of its approved amount for a service and the … for the remaining 20 percent. Generally, Medicaid will pay these Part B cost-sharing amounts (e.g., deductibles and …
https://www.osc.ny.gov/state-agencies/audits/2018/12/11/medicaid-program-medicaid-overpayments-medicare-part-b-services-billed-directly-emednyDiNapoli: Contribute to a NY 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… already have one can contribute and deduct up to $5,000 from their New York State taxable income. Married couples … two plans that individuals can enroll in, the Direct Plan and the Advisor-Guided Plan. The Direct Plan offers a broad array of investment …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-contribute-ny-529-college-savings-account-and-deduct-10000-your-state-taxesState Police Disability (Section 363-b) – State Police Plan
… Eligibility You may be entitled to this benefit if, at the time of filing, you are: Under age … For a disability not sustained in service, you must have at least five years of service credit earned in the … savings contributions, and therefore, Tier 5 and 6 members do not receive annuities based on those contributions. The …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bRegional State Park Police Disability (Section 363-e) – Regional State Park Police Plan
… whichever is later. You must also select an option for the payment of your disability benefits . Filing You, your …
https://www.osc.ny.gov/retirement/publications/1867/regional-state-park-police-disability-section-363-eDiNapoli: State Pension Fund Value $210.2 Billion
… P. DiNapoli today announced the New York State Common Retirement Fund (Fund) earned an estimated 5.23 percent … 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli Consumer Alert: Contribute to a 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… Program, an investment tool designed to help parents save for college, ranks among the best in the nation, and New York is one of a handful of states that offer state … tax deductions on 2014 tax filings. Parents have paid for more than $916 million in college-related expenses …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-consumer-alert-contribute-529-college-savings-account-and-deduct-10000-your-state-taxesDiNapoli: State Pension Fund Value $178.1 Billion
… 4.00 and 13.14 percent, respectively. Absolute return strategies were challenged during the year and a portfolio … Equities -3.61% 4.6% TIPS** 2.26% 3.6% Absolute Return Strategies -4.78% 3.4% Cash 0.88% 2.5% Non-Core Fixed Income …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionCanarsie Childhood Center, Inc. – Compliance With the Reimbursable Cost Manual
… to children with disabilities who are 3 and 4 years of age. During the 2017-18 school year, CCC served approximately …
https://www.osc.ny.gov/state-agencies/audits/2022/02/01/canarsie-childhood-center-inc-compliance-reimbursable-cost-manualOpinion 94-8
… of a fire district treasurer, include having attained the age of 18, being a U.S. citizen, taking and filing an oath of …
https://www.osc.ny.gov/legal-opinions/opinion-94-8Glossary – Governmental Accounting Standards Board
… (1) the long-term expected rate of return on pension plan investments to the extent (a) this rate will support projected benefit payments of the plan, and, (b) assets will be invested using the current … Accounting Standards Board Glossary of terminology from the GASB accounting and financial reporting standards …
https://www.osc.ny.gov/retirement/employers/gasb/glossaryDiNapoli Urges Parents to Open a College Savings Account for Their Children
… New York State’s 529 College Saving Program has helped New York … the Financial Research Corp., New York’s Direct Plan ranks number one for assets in the plan. New York State taxpayers …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-urges-parents-open-college-savings-account-their-children