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New York State Comptroller Thomas P. DiNapoli Statement on MTA's Budget

… released the following statement today in response to the Metropolitan Transportation Authority’s improved … “Improvements in fare, toll and tax collections have put MTA’s short-term finances on a stronger footing than expected. These positive developments mean that MTA can avoid recovery-damaging service cuts or layoffs in …

Response Planning for Unexpected Events

… 15, 2020. About the Program The MTA is responsible for developing and implementing a unified mass transportation policy for New York City and Dutchess, Nassau, Orange, Putnam, … a sub-department of Operations, is responsible for safe train operations and movement, train dispatching, …

DiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26

… P. DiNapoli today announced employer contributions rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. Employers’ average contribution rates will increase … (PFRS). NYSLRS is made up of these two systems, which pay service and disability retirement benefits to state and …

Utilization of the Arch Street Yard and Shop Facility

… warranty repairs, and licensed twice: once as a parking lot to accommodate a tenant displaced from an MTA project, … and secure the facility from January 1, 2013 to June 30, 2016. Key Recommendation Perform a written cost-benefit …

Submitting Payments for NYSLRS Members – Enhanced Reporting

… report, you must submit payment for the total amount of contributions, loans and service credit purchase payments … what is owed from your account. If you underreport any contributions or payments on your report, we won’t debit more … be returned to you if identified within one year of the overpayment occurring. You will be credited for the amount of …

XVI.3.B Fund Accounting – XVI. Financial Reporting

… into fund types. A fund type is the grouping of all funds of similar characteristics and purposes. Only the minimum number of funds consistent with legal and operating requirements will be established since unnecessary funds result in inflexibility and inefficient financial …

Avoiding a Rejected DRO – Divorce and Your Benefits

… members are prohibited from assigning retirement benefits (RSSL Section 110). A distribution may be made following the … Beneficiary Designation  — There is no provision in the RSSL for an ex-spouse to designate a beneficiary or to elect … and rights of membership are established by statute (RSSL Article 2, Title 5). The RSSL does not give NYSLRS …

Charter School for Applied Technologies – Payment to Affiliated Entities (2013M-300)

… Purpose of Audit The purpose of our audit was to examine the School’s relationship with its affiliated … Board approved transfers of School funds totaling $425,000 to capitalize two wholly-owned private entities which the Board caused to be established for the purpose of enabling the School to …

About the Common Retirement Fund – What Every Employer Should Know

What every employer should know about NYSLRS what it means to participate as an employer

DiNapoli: NYC Fiscal Year 2024 Budget Balanced, but Out Year Gaps Continue to Grow

… billion in FY 2027) mostly due to savings actions the city plans to take. Spending risks to the city budget, including … seeker costs could ease pressure on agency savings in the future. It is also necessary for the federal government to … costs, including class size maximums for schools and the expansion of the city’s Fighting Homelessness Eviction and …

DiNapoli Audit: MTA Transit Capital Projects Plagued by Cost Overruns and Delays

… A review of six Metropolitan Transportation Authority (MTA) New York City Transit (Transit) capital projects found … Thomas P. DiNapoli. Many of the problems were tied to MTA’s failure to follow its own procedures or properly …

Rolling Stock Programs Department – Selected Aspects of the M9 Rail Car Project Management

To determine whether the Long Island Rail Roads Rolling Stock Programs Department has managed the M9 contract so that the contractor delivers the cars on time within the required scope and quality and within budget

VI.3 Budget Transfers – VI. Budgets

Disability Benefits

… NYSLRS provides a disability retirement benefit for members … for the rest of your life. Here are the basic types of NYSLRS disability benefits (you may apply for more than one type). … Important facts members need to know about disability retirement benefits from the New …

About NYSLRS

… The New York State and Local Retirement System (NYSLRS) is one of … public employers in non-teaching positions outside of New York City, including uniformed services personnel, such … firefighters of participating public employers outside of New York City. New York State Comptroller Thomas P. DiNapoli …

What Not to Report – Legacy Reporting

… Law. The following payments should not be reported to us on the monthly report (nor should contributions be … report information about employees through Retirement Online including their earnings the number of days they …

State Police Bulletin No. SP-198

… Investigators Association (NYSPIA), and provides for increases to certain payments effective April 1, 2018 and … End Date: Leave Blank Goal Balance Leave Blank Automatic Retroactive Processing OSC will automatically calculate … after processing of the automatic increases: NHRP703 Mass Salary Additional Pay Report This report identifies all …

Update Your Contact Information

… change to your benefits. Use a personal email address you will have access to before and after you retire, not a work … especially important if you are a retiree receiving your pension payment as a paper check and to ensure receipt of … information. Sign in to Retirement Online. Look under My Profile Information . Click update next to mailing …

Enrolling Members – Membership and Enrollment

… view important information, such as your employee’s tier and contribution rate, so deductions can begin on time. Sign in … will contain the member’s NYSLRS ID, contribution rate and tier. Additional information about the member can be found by …

How Contribution Rates Are Determined – What Every Employer Should Know

… NYSLRS’ Actuary ensures that adequate assets are being accumulated to pay benefits as they become … 1, 2021 and is reviewed annually. The mortality rates are based on NYSLRS’ own experience. The mortality …