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How Contribution Rates Are Determined – What Every Employer Should Know
… Actuary ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates … or present value of benefits (PVB), based on expected investment earnings and mortality rates. The PVB reflects the amount of money needed in the Fund today to pay benefits in the future. …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedLife Changes: Why Should I Designate a Beneficiary?
Beneficiary designations are important for NYSLRS members and retirees. This guide explains how keep them up-to-date and why you should.
https://www.osc.ny.gov/files/retirement/publications/pdf/1706-designate-a-beneficiary.pdfDiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… The Albany Times Union today, urging the state Legislature to act on his proposal to create an optional investment pool … an unfunded liability, because there is no money being set aside now to cover these future costs. New York’s state … costs over the long term. There would be no limit on how much or how little a government can deposit into the …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careXII.9.C Reissuing or Cancelling a Vendor, Employee Expense, or SSP Check – XII. Expenditures
… guidance to agencies for when vendor, employee expense, or SSP checks (all commonly referred to as “A” checks) are … Expense Payee not entitled Check is cancelled, expense report is closed, agency's appropriation is refunded, travel … date of issuance shall be paid into the Abandoned Property Fund. Paid Over Stops A paid over stop check occurs when a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9c-reissuing-or-cancelling-vendor-employee-expense-or-ssissp-checkHow to Make a Vendor Responsibility Determination
… capacity and controls; appropriate legal authority to do business in New York; a satisfactory record of … must address the four categories below before you can make a determination. Category Factors to be considered … Responsibility Review Process Documentation Requirements How to Conduct a Responsibility Review … You should consider …
https://www.osc.ny.gov/state-vendors/vendrep/how-make-vendor-responsibility-determinationState Health Department Should Improve Enforcement of Nursing Home Violations
… The state Department of Health (DOH) needs to fix problems and delays with how it is assessing fines to nursing homes after violations are found, according to an … too many of our nursing home residents suffer needlessly due to substandard care and neglect. And, far too often, New …
https://www.osc.ny.gov/press/releases/2016/02/state-health-department-should-improve-enforcement-nursing-home-violationsDiNapoli: State Medicaid Needs to Stop Paying Bills That Federally Funded Plans Should Cover
… in Medicaid and other public health plans, according to two audits released today by State Comptroller Thomas P. … covered,” DiNapoli said. “As the DOH continues its efforts to ensure everyone gets the health coverage they’re entitled to, it has a chance to save hundreds of millions of dollars …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-state-medicaid-needs-stop-paying-bills-federally-funded-plans-should-coverState Comptroller Thomas P. DiNapoli Joins Lawmakers in Applauding New Law to Fight Government Waste
… State Comptroller Thomas P. DiNapoli today thanked Gov. Cuomo and the State Legislature for enacting legislation … development of this proposal. My thanks also to Governor Cuomo for recognizing the tremendous value of this …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-thomas-p-dinapoli-joins-lawmakers-applauding-new-law-fight-government-wasteHow to Report Days Worked – Legacy Reporting
… The number of days worked you report for your employees has a direct impact on their … report information about employees through Retirement Online including their earnings the number of days they …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/how-report-days-workedState Agencies Bulletin No. 1684
… Purpose To notify agencies of a new form AC3440 Request for Payroll Check Stop Payment to be used to stop and reissue New York State payroll checks Background Under the current business …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1684-new-form-stop-and-reissue-new-york-state-payroll-checkPension Payment Option Election – Divorce and Your Benefits
… At retirement, a member must elect a pension payment option, which determines how the retirement benefit will be paid. There are several options that a member can choose from. All options will pay … receive a reduced monthly amount to provide for a possible payment to a designated beneficiary after their death. …
https://www.osc.ny.gov/retirement/members/divorce/pension-payment-option-electionRequest a Stop Payment
Request a Stop Payment
https://www.osc.ny.gov/files/state-agencies/payroll/pdf/Request-a-Stop-Payment.pdfDiNapoli's Auditors Halt $24.2 Million in Suspicious Tax Refunds
… in 2018. "Tax cheats are continuously looking for new ways to beat the system, but my auditors are staying one step … security numbers and intentionally misstating deductions. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/04/dinapolis-auditors-halt-242-million-suspicious-tax-refundsState Agencies Bulletin No. 2070
… and AC 1476 Check Exchanges to the Office of the State Comptroller. Affected Employees: All employees for whom an AC … the required documentation and either the physical payroll check or successful direct deposit reversal. … funds. For more information regarding the escheatment schedule, see the Operational Advisory 9 – Current Year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2070-process-change-ac-230-check-reversals-and-ac-1476-check-exchangesState Agencies Bulletin No. 1639
… Purpose To notify agencies of a change to the process for reissuing New York State payroll … be addressed to the employee’s attention at the agency address listed in the Location panel in PayServ. The Payee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1639-reissuance-state-payroll-checksTown of Sheridan – Cellular Phones (2013M-334)
… Purpose of Audit The purpose of our audit was to evaluate internal controls over cellular telephones for … basis which individuals are provided a Town cell phone, according to the Town Clerk. The Town does not have established written guidelines …
https://www.osc.ny.gov/local-government/audits/town/2014/02/14/town-sheridan-cellular-phones-2013m-334Overtime Limits – Enhanced Reporting
… limits differ for the Employees’ Retirement System (ERS) and the Police and Fire Retirement System (PFRS). ERS … of each calendar year, reset your employees' overtime earnings to $0.00 in your payroll system and begin tracking … is not in effect yet. Report overtime above and below the limit using the appropriate earnings code (please note, the …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsState Agencies Bulletin No. 1964
… Under the current business process, state agencies submit Form AC 3340 to OSC’s Bureau of State Payroll Services … reversal, or exchange request through PayServ; Form AC 3340 will no longer be accepted. Once approved, OSC’s … the AC 3197 , Direct Deposit Delete/Reversal process or form. Direct Deposit Reversals/Deletes requests must submit …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1964-new-process-request-stop-payment-replacement-reversal-or-exchange-newHow to Conduct a Vendor Responsibility Review
… questionnaire was filed online, and, if not, attach the paper questionnaire. If you find the vendor to be: … applies whether the questionnaire was filed online or by paper. When completing the questionnaire, the vendor may …
https://www.osc.ny.gov/state-vendors/vendrep/how-conduct-vendor-responsibility-reviewNY State Comptroller DiNapoli Asks for Report on Due Diligence in Wake of Dakota Pipeline Controversy
… (SEC) for approval to omit the shareholder request from a vote at its annual meeting, which the SEC denied in February. The resolution will be presented and voted on at the company's annual general … with that project," DiNapoli said. "Investors have a right to know how Marathon assessed and addressed potential …
https://www.osc.ny.gov/press/releases/2017/03/ny-state-comptroller-dinapoli-asks-report-due-diligence-wake-dakota-pipeline-controversy