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How to Make a Vendor Responsibility Determination
… capacity and controls; appropriate legal authority to do business in New York; a satisfactory record of integrity; and an acceptable performance record on past … from future State contracts. Reviewing vendor information When reviewing a vendor, you should rely on the scope of the …
https://www.osc.ny.gov/state-vendors/vendrep/how-make-vendor-responsibility-determinationWhat is a Defined Benefit Plan?
… minimum age and service requirements established by your retirement plan, you will receive a monthly pension payment … qualified employees. Employers can reduce the risk of employee turnover, which can help cut training costs and … plans. With a defined contribution plan, the employer, employee or both make contributions to an individual …
https://www.osc.ny.gov/retirement/members/defined-benefit-planBuffalo Business Delivers $9 Million Investment Gain To The State Pension Fund
… generated an estimated $9 million investment gain for the New York State Common Retirement Fund, New York State Comptroller Thomas P. DiNapoli announced …
https://www.osc.ny.gov/press/releases/2014/12/buffalo-business-delivers-9-million-investment-gain-state-pension-fundDiNapoli: State Pension Fund Value $206.9 Billion
… New York State Comptroller Thomas P. DiNapoli today announced that the … strength and stability of our state’s pension fund is good news for the more than one million individuals in the state …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionDiNapoli: Woman Pleads Guilty to Theft and Must Pay Back $459K in NYS Pension and Social Security Payments
… discovered. She now faces the consequences of her actions. My thanks to U.S. Attorney Buchanan and the Social Security … from Brooklyn to Georgia afterward and passed away there on Sept. 14, 2006. As her mother-in-law’s caretaker, Sandra Smith had access to her bank account, which she kept open after her mother-in-law’s death …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-woman-pleads-guilty-theft-and-must-pay-back-459k-nys-pension-and-social-security-paymentsNYSLRS Fact Sheet
… Overview The New York State and Local Retirement System (NYSLRS) … retirees 45,485 beneficiaries ERS (as of March 31, 2024) Average salary: $61,754 Average pension for all ERS retirees … joined on or after April 1, 2012 (56.0% of members) *There is no Tier 4 in PFRS. Benefits Paid and Contributions (for …
https://www.osc.ny.gov/retirement/resources/nyslrs-fact-sheetDeath of the Ex-Spouse – Divorce and Your Benefits
… (nullified). NYSLRS must calculate the member’s future pension benefit without regard to equitable distribution. The … will stop payments to the ex-spouse after receiving a copy of the certified death certificate. The ex-spouse’s share of the pension will then be paid to the member, retroactive to the …
https://www.osc.ny.gov/retirement/members/divorce/death-ex-spouseAdditional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
… Retirement and Social Security Law (RSSL). To be eligible for this benefit, you must retire directly from public … service or within a year of separating from service. For most members, the maximum number of sick leave days … to see if they offer this benefit. If you are eligible for this benefit, you will also see “Sick Leave Eligibility: …
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveDiNapoli Recovers $42K From Woman Who Stole From State and Local Retirement System
… taking office in 2007, DiNapoli has committed to fighting public corruption and encourages the public to help fight fraud and abuse. New Yorkers can report …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-recovers-42k-woman-who-stole-state-and-local-retirement-systemVII.10.E Cash Advance Reimbursement – VII. State Revenues and Appropriated Loan Receivables
… Chapter XII, Section 6.L – Replenishing an Advance Account of this Guide for further information. It is not appropriate … balance in the Modified Accrual Ledger. The Bureau of State Expenditures will reject cash advance reimbursement … charging advance account codes. After OSC’s Bureau of State Expenditures reviews and approves the payment, an …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10e-cash-advance-reimbursementPittsford Central School District – Security of Personal, Private and Sensitive Information (PPSI) on Mobile Computing Devices and Extracurricular Cash Records and Collections (2016M-92)
… availability. Ensure that prenumbered cash receipt forms are used. Develop policies and procedures for handling cash …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/12/pittsford-central-school-district-security-personal-private-and-sensitiveV.3.H Category Code – V. Chart of Accounts (COA) Governance
… entered against a line. Since Category Code will be used for reporting, the integrity of the Category Code to Account … maintained. Category Codes will provide a level of detail for purchasing that will significantly improve data analysis and reporting; therefore, the long-term goal is for all agencies to use Category Codes on all supported …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3h-commodity-codeUse of Vendor-Supported Technology
… is a New York State public benefit corporation responsible for public transportation in Erie and Niagara counties, … an information technology (IT) department that operates out of its main office. To help carry out its mission, NFTA … integrity, and availability of information. This includes requirements for ensuring systems are …
https://www.osc.ny.gov/state-agencies/audits/2019/12/12/use-vendor-supported-technologyAre You Vested? And What It Means
… have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements … years of service to be eligible for a service retirement benefit. Effective immediately, if you are a Tier 5 or 6 …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansDiNapoli and Orange County DA Hoovler Detail Guilty Plea in Pension Fraud Case
… that on Thursday, April 14, 2022, Valerie White, 58, of Middletown, pled guilty in Orange County Court to Grand Larceny in the Third Degree. Under the plea agreement announced on the … stole from the state pension system. White’s mother was a pensioner, vested in the New York State and Local Retirement …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-and-orange-county-da-hoovler-detail-guilty-plea-pension-fraud-caseNYS Comptroller DiNapoli and the Fire and Police Pension Association of Colorado Statements on Proposed Settlement of Boeing Lawsuit
… New York State Comptroller Thomas P. DiNapoli and the Fire and Police Pension Association of Colorado … DiNapoli, as trustee of the New York State Common Retirement Fund, and the FPPA were appointed co-lead …
https://www.osc.ny.gov/press/releases/2021/11/nys-comptroller-dinapoli-and-fire-and-police-pension-association-colorado-statements-proposedNew York’s Economy and Finances in the COVID-19 Era
… unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in …
https://www.osc.ny.gov/reports/covid-19-july-9-2020XI.2.K Authorized Signatures – XI. Procurement and Contract Management
… board, body, bureau, officer or employee in a department, for personal services, maintenance and operation, for submission to the comptroller for audit, shall be made by the head of the department, or by …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signaturesDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… investor are reflected in the success of our state’s pension fund,” DiNapoli said. “She joined the state pension fund eight years ago and earned a reputation for … Anastasia will continue to uphold high standards for the pension system’s 1.1 million members, retirees and their …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundNYS Common Retirement Fund Announces Third Quarter Results
… in publicly traded domestic equities and 15.6 percent in international public equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-results