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Overview – Contribution Stabilization Program
… amortize in any year. The program was designed to help the State and municipalities manage and smooth pension …
https://www.osc.ny.gov/retirement/employers/csp/overviewDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… caused a significant shift in taxpayer movement, with net out-migration quadrupling in 2020 compared to the prior year. While declining in 2021, the net number of taxpayers leaving remained one-third greater … patterns shifted closer to pre-pandemic trends in 2021, net out-migration rates remained higher, particularly for …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: New York on Stronger Financial Footing
… largely been curtailed, such as distributing large sums of money outside of the budget process, have once again appeared …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingDiNapoli: Audit Uncovers $425 Million in Missed Medicaid Drug Rebates
… is being collected," DiNapoli said. "Thanks to the work of my auditors, the department promptly updated its procedures … the Medicaid Drug Rebate Program to reduce state and federal expenditures for Medicaid prescription drug costs. …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-audit-uncovers-425-million-missed-medicaid-drug-rebatesDiNapoli: April Local Sales Tax Collections Up Nearly 46 Percent From 2020
… thanks in part to federal aid, more lifts in restrictions and a climb in the vaccination rates,” DiNapoli said. … governments must monitor changing economic conditions and continue to be vigilant when it comes to their finances.” … by Region (for detailed monthly breakdown) Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-april-local-sales-tax-collections-nearly-46-percent-2020DiNapoli: Pennsylvania Man Who Impersonated Deceased Father to Steal $194K in NYS Pension and Social Security Payments Sentenced to 5 Years in Prison
… A Pennsylvania man who stole $194,000 of retirement benefits … to justice.” “Timothy Gritman chose dollars and cents over a dignified death for his dad,” Romero said. “He had been … benefits intended for his deceased father. His behavior is unacceptable, and this sentence holds him accountable for …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-pennsylvania-man-who-impersonated-deceased-father-steal-194k-nys-pension-and-social-securityAdditional Service Credit for Sick Leave (Section 341[j]) – Regional State Park Police Plan
… Under Section 341[j] of the Retirement and Social Security Law (RSSL), you may receive service … you must retire directly from public employment or within a year after separating from service. The additional credit … example, if you have 19½ years of service credit but your pension will improve substantially if you have 20 years, your …
https://www.osc.ny.gov/retirement/publications/1867/additional-service-credit-sick-leave-section-341jDisability Retirement – Divorce and Your Benefits
… NYSLRS’ retirement plans provide for several different types of disability retirement … benefit constitutes marital or separate property in a matrimonial action. Whether a member’s disability … benefit is subject to equitable distribution is an issue for the Court. Many disability benefits administered by …
https://www.osc.ny.gov/retirement/members/divorce/disability-retirementOpinion 88-76
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. LIBRARIES -- … -- Private Moneys (accounting for); (investment of) -- Taxes (applying private source moneys to reduce) EDUCATION …
https://www.osc.ny.gov/legal-opinions/opinion-88-7620-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… the 20-year plan; Service as a member or officer of the New York State Police; Service in the U.S. military, as specified by law; or Other prior police …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dState Comptroller DiNapoli Releases Municipal Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government audits has been issued. Village of Fort Plain – Leave Benefits (Montgomery County) Village … budget includes a tax levy of $146,052,165. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-municipal-audits-1Partial Lump Sum Payment – Special 20- and 25-Year Plans
… members, you will receive your PLS along with your first pension payment, at the end of the month following your … benefit).* Choosing a Lump Sum Payment You must select a pension payment option and PLS payment by the end of the … Selection with Partial Lump Sum Payment section of our Forms page and submit it with your retirement application. …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-paymentService Credit Purchase Payments – Legacy Reporting
… be used for the purchase of optional service credit); or Payroll deductions spread over a period of time equal to or … to make supplemental lump sum payments in addition to payroll deductions. The easiest way for members to manage and … member accounts . If members request payment be made by payroll deduction, you will receive a notice from us to begin …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsLeague Treatment Center – Compliance With the Reimbursable Cost Manual
… provide preschool special education services to children with disabilities who are between the ages of three and five … by the Office of Mental Health and the Office for People With Developmental Disabilities. During the period July 1, … $3,759,935 in reported costs that did not comply with the requirements in the RCM and the CFR Manual, …
https://www.osc.ny.gov/state-agencies/audits/2019/12/16/league-treatment-center-compliance-reimbursable-cost-manualChautauqua Utility District – Banking (2017M-121)
… Purpose of Audit The purpose of our audit was to determine if banking transactions were adequately safeguarded for the period January 1, 2014 through March 27, 2017. Background …
https://www.osc.ny.gov/local-government/audits/district/2017/10/13/chautauqua-utility-district-banking-2017m-121DiNapoli: NYC Projects Surplus in the Current Year but Faces Budget Risks in the Years Ahead
… New York City's 2019 fiscal year (FY) surplus is expected to grow as the year progresses with continued strong revenue … budget gaps and risks in the coming years, according to a report released today by State Comptroller Thomas P. … https://osc.state.ny.us/osdc/report-9-2019.pdf Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-nyc-projects-surplus-current-year-faces-budget-risks-years-aheadDiNapoli: Read Fine Print on Your Holiday Gift Cards
… cards during the holiday season increasing in popularity, New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print for details about fees and … should still ask whether fees apply. DiNapoli reminds New Yorkers to spend the gift cards in a timely fashion. If …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-read-fine-print-your-holiday-gift-cardsOpinion 2004-3
… the "tax limit") plus (2) the amount required to pay debt service on "all" of the city's indebtedness (commonly referred to as being raised … an irrebuttable presumption that, to the extent that a revenue-producing improvement generates revenue in excess of …
https://www.osc.ny.gov/legal-opinions/opinion-2004-3DiNapoli and Investor Group Reach Shareholder Agreement With FirstEnergy
… L. Nappier on behalf of the Connecticut Retirement Plans and Trust Funds, and investment group As You Sow has been withdrawn. … is taking important steps today for shareholder value and the environment by looking holistically at how climate …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-and-investor-group-reach-shareholder-agreement-firstenergyOvertime Limits for Tier 5
… calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more than the annual limit, it will not be factored into your pension and your employer …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5