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Chautauqua 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-121Additional 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-341jMember Contributions – Legacy Reporting
… . Required contributions are: All contributions made by Tier 1 and 2 members participating in a contributory plan; … by the Coordinated-Escalator (CO-ESC) Retirement Plan for Tier 3 members (RSSL Article 14); the Coordinated Retirement Plan for Tier 4 and 5 members (RSSL Article 15); or Police and Fire Retirement …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsState Agencies Bulletin No. 1921
… is to inform agencies of OSC’s automatic processing of the new Pre-Shift Briefing calculation and the retroactive … the 2015-2019 Agreement between the State of New York and the Police Benevolent Association of New York State, … Ins Owed 442 Pre-Tax Adoption 500 Medicare Deficiency 501 Social Security Deficiency 502 NYS SS/Medicare Deficiency 682 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1921-changes-calculation-and-retroactive-adjustment-pre-shift-briefingRetirement Planning
… your NYSLRS benefits and find tips on financial planning for retirement. … Retirement is a big deal and we want you …
https://www.osc.ny.gov/retirement/members/retirement-planningAdministration and Collection of Real Estate Transfer Taxes (Follow-Up)
… counties submitted RETT information in hard copy form (vs. electronic submission) at the time of our audit, of which …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followHiring Members with the Enhanced Report – Enhanced Reporting
… Hiring Existing NYSLRS Members or Retirees When hiring employees, it is important to ask the employee whether they are an existing member or retiree of one of the eight public retirement systems in New York State. If they are a NYSLRS member or retiree, you should ask them to provide …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/hiring-members-enhanced-reportOvertime 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-5Accidental Disability – Special 20- and 25-Year Plans
… The law defines “in service” as: Being paid on the payroll; or On an authorized medical leave of absence for up … benefits for up to two years since last being paid on the payroll, as long as you have not resigned or been terminated …
https://www.osc.ny.gov/retirement/publications/1517/accidental-disabilityBorrowing Against Your Contributions – Article 14 Benefits
… If you meet eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should be aware of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsMarie Pense Center, LLC – Compliance With the Reimbursable Cost Manual
… costs reported by Marie Pense Center, LLC (Marie Pense) on its Consolidated Fiscal Reports (CFRs) were reasonable, … program, and sufficiently documented pursuant to the State Education Department’s (SED) Reimbursable Cost Manual … other than personal service costs, as follows: $71,760 in pension costs that did not comply with the RCM’s …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/marie-pense-center-llc-compliance-reimbursable-cost-manualState Agencies Bulletin No. 935
… RRSU agreements. GOER Memo 2009-7 to agency Directors of Human Resources dated March 13, 2009. Effective Date(s) … D40 or DH4 Hours Enter the number of hours to be paid. Payroll Register and Employee Paycheck/Advice The Earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/935-2009-csea-pef-and-rrsu-over-40-compensatory-time-ii-cash-outApplying for Benefits – State Police Plan
… application with the Office of the State Comptroller in a timely manner. You can file for a service retirement … click “Apply for Retirement.” Paper forms are available on our Forms page , or from our Call Center or your employer. … Documents for approved disability retirement applications (Pension Payment Option Form, proof of your date of birth) can …
https://www.osc.ny.gov/retirement/publications/1518/applying-benefitsDiNapoli: Woman Arrested for Stealing Deceased Sister's Pension Checks
… State Comptroller Thomas P. DiNapoli and Brooklyn District Attorney Eric Gonzalez today announced the … sister’s retirement checks. Dixon, 52, of the Bronx, is charged with illegally cashing 20 checks in Brooklyn for nearly $8,000 issued by the New York State …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-woman-arrested-stealing-deceased-sisters-pension-checksWhen Employees Retire – When Employees Retire
… Instructions for employers on filing applications for employees and information on filing deadlines …
https://www.osc.ny.gov/retirement/employers/when-employees-retireState Agencies Bulletin No. 1195
… Purpose To provide agency procedures for processing the payments. Affected Employees Employees in … out up to 120 hours of accrued Over40 Comp Time credits. For additional Information regarding the Over40 Comp Time II … Earnings Begin Date Earn Code D40 or DH4 Hours Enter the number of hours to be paid. Payroll Register and Employee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1195-2012-csea-and-pef-over40-comp-time-ii-cash-outDiNapoli: 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-aheadCity of Yonkers – Budget Review (B6-14-13)
… for textbooks and the appropriations for employee pension costs, tax certiorari settlements and firefighter … the sufficiency of appropriations for textbooks, employee pension costs, tax certiorari settlements and firefighter …
https://www.osc.ny.gov/local-government/audits/city/2014/05/20/city-yonkers-budget-review-b6-14-13Loans – Divorce and Your Benefits
… A member is not prohibited from taking a loan from NYSLRS , unless the DRO on file specifically … Unless the DRO provides the ex-spouse with a share of the pension calculated without reference to any … loan reduction based on loans existing at the time of commencement of the divorce action, or any other date …
https://www.osc.ny.gov/retirement/members/divorce/loansStatement from New York State Comptroller Thomas P. DiNapoli on President Trump's Budget Proposal
… funding." Here are some of the programs put at risk by the President’s proposed budget: Almost 3 million New …
https://www.osc.ny.gov/press/releases/2017/05/statement-new-york-state-comptroller-thomas-p-dinapoli-president-trumps-budget-proposal