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Disability Retirement – Divorce and Your Benefits
… NYSLRS’ retirement plans provide for several different types of disability retirement benefits. However, NYSLRS does not decide if a …
https://www.osc.ny.gov/retirement/members/divorce/disability-retirementDiNapoli: Lagging Ridership Leaves MTA With Hard Choices, Must Adjust to Changing Demand
… ridership on New York City’s regional transit system is not recovering as hoped, leaving revenue well below … covered 51.1% of MTA’s overall operating costs (52.8% for NYC Transit). As of May 2022, fares covered just 31.9% of … 40% that the MTA had expected in its budget. Starting in 2025, the MTA will face growing budget gaps. That year it …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-lagging-ridership-leaves-mta-hard-choices-must-adjust-changing-demandRisk Assessment and Implementation of Measures to Address Extreme Weather Conditions
… has been completed and it is acceptable to be placed in service, and all deliverables necessary to safely maintain …
https://www.osc.ny.gov/state-agencies/audits/2025/01/02/risk-assessment-and-implementation-measures-address-extreme-weather-conditionsNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… offset the revenue loss to the MTA from a reduction in the Payroll Mobility Tax on small businesses. Read the Financial …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesDiNapoli: MTA Must Prioritize Safety and Service to Win Riders Back
… to pay more for service, should be clear on how these funds will be used to build on recent steps to make the …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-mta-must-prioritize-safety-and-service-win-riders-backDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… As the Metropolitan Transportation Authority (MTA) adjusts to the loss of $15 billion in congestion pricing revenue and decides which capital projects to cancel or delay, it must prioritize keeping the system in a state of good repair and it must be transparent about how the choices it makes will impact riders, according to a …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its … finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The MTA received the State funding it requested to address its …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsWhat to Report – Legacy Reporting
… but do not take contributions from salary earned in excess of the Governor’s annual salary. Find the current …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-reportDiNapoli: MTA Needs to Refocus Attention on Overdue Upgrades and Preparations for Extreme Weather
… The MTA should publish a new assessment of its long-term capital needs that pays particular attention to the growing threat climate change poses to transit, and … to Comptroller Thomas P. DiNapoli’s latest report . “The MTA is getting a large infusion of federal infrastructure …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-mta-needs-refocus-attention-overdue-upgrades-and-preparations-extreme-weatherRisk Assessment and Implementation of Measures to Address Extreme Weather Conditions
… Our audit covered the period from April 2009 to August 2022. Background In the decade since Superstorm Sandy, … sample were not inspected between January 2021 and August 2022. While Transit has developed winter, hurricane, rain, …
https://www.osc.ny.gov/state-agencies/audits/2023/09/29/risk-assessment-and-implementation-measures-address-extreme-weather-conditionsDiNapoli Audit Finds MTA Needs to Strengthen Extreme Weather Preparations
… & Tunnels (B&T), NYC Transit Department of Buses (Transit Bus), and MTA Bus Company (MTA Bus) need to improve their … emergency.” Superstorm Sandy caused roughly $5 billion in damages to MTA assets, including serious damage to the …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-audit-finds-mta-needs-strengthen-extreme-weather-preparationsRetirees Contribute to New York State's Economy
… in good times and bad, helping to build a stronger New York. During 2023, approximately 79 percent of NYSLRS … 79 percent of NYSLRS retirees live in New York State During 2020 NYSLRS retirees were responsible for $152 …
https://www.osc.ny.gov/retirement/retirees/retirees-contribute-new-york-states-economyDiNapoli: NYC Transit Should Improve Response to Safety-Related Defects
… The Metropolitan Transportation Authority (MTA)'s New York City Transit is taking too long to correct safety-related defects in subway stations, … stations in Brooklyn, the Bronx, Manhattan and Queens. The MTA classifies safety defects in five categories. Most …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-nyc-transit-should-improve-response-safety-related-defectsViolating the Terms of a DRO – Divorce and Your Benefits
… an available death benefit. Rev. 2/23 … NYSLRS pensions are considered marital property and may be divided when a …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droRochester Attorney Admits to Unlawfully Receiving Retirement Benefits
… M. Cecero, age 64, of Pittsford, New York, admitted today to unlawfully "double-dipping" and receiving state retirement benefits to which she was not entitled. She agreed to pay back those … in the New York State and Local Retirement System (NYSLRS). In 1996, she left the NYAG to become the Legal and …
https://www.osc.ny.gov/press/releases/2018/04/rochester-attorney-admits-unlawfully-receiving-retirement-benefitsAccounting for Medicaid-Related Intergovernmental Transfers
This bulletin is to provide accounting guidance to counties for Medicaid-related intergovernmental transfers (IGTs).
https://www.osc.ny.gov/files/local-government/publications/2021/pdf/accounting-for-medicaid-related-intergovernmental-transfers.pdfDiNapoli: As Subway On-Time Performance Falls Behind, Better Plans Needed To Get Trains Back On Track
… and the Metropolitan Transportation Authority (MTA) should do more to fix the underlying causes, many of which are controllable, …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-subway-time-performance-falls-behind-better-plans-needed-get-trains-back-trackDetermining the Ex-spouse's Share – Divorce and Your Benefits
… York State law, pension benefits earned during a marriage are marital assets subject to equitable distribution in the … NYSLRS does not require use of this formula. There are other ways to distribute pension benefits. Other … actual retirement benefit. Rev. 2/23 … NYSLRS pensions are considered marital property and may be divided when a …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareLaw Pertaining to SUNY Police Officers
… Overview 2 A law pertaining to SUNY police officers was enacted on … I transfer from ERS to PFRS, will I go back into Tier 2? How much of my ERS time will count towards my 25 years in …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersIX.9.B Transfers to Other Funds – IX. Federal Grants
… In order to preserve federal grant reporting requirements, statutory transfers from federal funds will be recorded in the federal … to preserve federal grant reporting requirements statutory transfers from federal funds will be recorded in the federal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9b-transfers-other-funds