Search
What 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-planVillage of Suffern – Financial Condition (2013M-273)
… Purpose of Audit The purpose of our audit was to review the Village’s financial condition … and make necessary adjustments to ensure that deficits do not occur and implement a plan to reduce current …
https://www.osc.ny.gov/local-government/audits/village/2014/05/16/village-suffern-financial-condition-2013m-273Village of Windsor - Water Operations (2019M-210)
… produced to water billed. Key Findings Village officials do not periodically read all customer meters to ensure … customers did not always appear to be accurate. 85 percent of the water produced, or 74.9 million gallons, is considered … water system infrastructure to help reduce the amount of non-revenue water. Village officials agreed with our …
https://www.osc.ny.gov/local-government/audits/village/2020/01/24/village-windsor-water-operations-2019m-210CUNY Bulletin No. CU-351
… for processing payroll deductions for the 2009 United Way of CUNY Campaign. Affected Employees All employees Effective Date(s) Payroll deductions for the 2009 United Way of CUNY … the transaction. The Goal Amount field should not be used when entering United Way transactions (see Exception below). …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-351-2009-united-way-cuny-campaignRequest for Withdrawal from Section 384 (PF5094)
For NYSLRS PFRS members to withdraw their election to contribute under the provisions of Section 384 of the Retirement and Social Security Law, permitting retirement after 25 years of allowable police or fire service.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5094.pdfNYSLRS Announces Employer Contribution Rates for 2024-25
… Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System … retirement plan combinations. Last fiscal year, $15.5 billion were paid out in benefits. “Our state’s pension fund remains one of the strongest pension funds in …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25State Agencies Bulletin No. 1971.2
… for audit purposes. Affected Employees Employees hired on or after January 1, 2023 and existing employees with a change … Request Direct Deposit record are affected . Background Form AC 2772, Direct Deposit Form for NYS Employees is … jobs, all payroll deposits are made according to the single Direct Deposit record for all jobs. As a result of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/19712-direct-deposit-guidance-and-audit-queryDiNapoli: Audit Finds up to $12.1 Million in Inappropriate Medicaid Payments
… today by State Comptroller Thomas P. DiNapoli. By the end of audit fieldwork, about $2.1 million of the overpayments were recovered. "My auditors continue to find glitches in the Department of … NYSOH to verify an applicant's identifying information when determining Medicaid eligibility and enrollment. Once …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-audit-finds-121-million-inappropriate-medicaid-paymentsSUNY Bulletin No. SU-207
… Employees designated management or confidential in the State University of New York – BU13 who meet the eligibility …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-207-2014-chancellors-power-suny-performance-incentive-paymentSUNY Bulletin No. SU-220
… Employees designated management or confidential in the State University of New York – BU13 who meet the eligibility …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-220-2015-chancellors-power-suny-performance-incentive-paymentSelected Aspects of Parking Violations Operations to Collect Fines and Fees (Follow-Up)
… Objective To determine the extent of implementation of the 11 recommendations included in our initial audit …
https://www.osc.ny.gov/state-agencies/audits/2022/01/06/selected-aspects-parking-violations-operations-collect-fines-and-fees-followCUNY Bulletin No. CU-714
… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic … Code Update based on information available as of the date the report is produced. Included on the report is one of … employee’s record will not be updated: Position and Job Do Not Match If the Position Number equals the NYS Position …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-714-july-2021-city-university-new-york-cuny-incrementsOther Bulletin No. 30
… beginning in Administration Pay Period 4L, the agency must report the adjustment amount for earnings codes such as Extra … a completed Next of Kin Affidavit ( Form AC 934-P ) and a Report of Check Exchange ( Form AC 1476-P ). If a Next of Kin … OSC will accept a photocopy of this form along with a new Report of Check Exchange. Questions Questions regarding this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-30-april-2016-state-university-construction-fund-scfOther Bulletin No. 27
… beginning in Administration Pay Period 6L, the agency must report the adjustment amount for earnings codes such as Extra … a completed Next of Kin Affidavit ( Form AC 934-P ) and a Report of Check Exchange ( Form AC 1476-P ). If a Next of Kin … OSC will accept a photocopy of this form along with a new Report of Check Exchange. Questions Questions regarding this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-27-april-2015-state-university-construction-fund-scfMore About This Retirement Plan – Career Plan
… of the State of New York, administers this plan. Our main office is in Albany, New York. This publication is a …
https://www.osc.ny.gov/retirement/publications/1642/more-about-retirement-planMore About This Retirement Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… of the State of New York, administers this plan. Our main office is in Albany, New York. This publication is a …
https://www.osc.ny.gov/retirement/publications/1511/more-about-retirement-planMore About This Retirement Plan – En-Con Police Officers Plan
… of the State of New York, administers these plans. Our main office is in Albany, New York. This publication is a …
https://www.osc.ny.gov/retirement/publications/1822/more-about-retirement-planDiNapoli: Special Education Contractor Convicted for $2 Million Fraud
… The former owner of a Queens-based special education provider, who pleaded … and instead use the money for their personal benefit. I’d like to thank U.S. Attorney Bharara for prosecuting this crime and working with my staff to bring Park to justice and recover stolen taxpayer …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-special-education-contractor-convicted-2-million-fraudExamination of Outstanding Premiums
… Purpose The objectives of our examination were to determine (i) the extent to which the New York State Insurance Fund … Some of the businesses with outstanding debt to NYSIF do business with, and receive payments from, New York State. …
https://www.osc.ny.gov/state-agencies/audits/2016/08/19/examination-outstanding-premiumsDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… The New York State Common Retirement Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) … $100 million to Excelsior Renewable Energy Investment Fund I, a North American-focused investment fund that will target …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investments