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New Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… one-third of the subway fleet is now more than 30 years old and about 40 percent of the signals in the system are more than 50 years old. The sharp growth in subway ridership over the past 15 … plants in the subway system are more than 50 years old and have never been rehabilitated, including five that …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… adjusts to the loss of $15 billion in congestion pricing revenue and decides which capital projects to cancel or delay, it must prioritize … until it identifies realistic and sustainable replacement revenue.” As the MTA reconsiders which capital projects to … adjusts to the loss of $15 billion in congestion pricing revenue and decides which capital projects to cancel or delay …
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
… New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from congestion pricing, give the Metropolitan … billion by 2028. By 2023, the MTA expects 17.9% of its revenue will go toward debt payments and peak around 19.5% in …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsThe Domestic Relations Order – Divorce and Your Benefits
… we will honor a properly drawn Domestic Relations Order (DRO) issued by a New York State court. (For information about a DRO issued by other states, see Out-of-State Orders .) A DRO is a court order issued after a final judgment of divorce …
https://www.osc.ny.gov/retirement/members/divorce/domestic-relations-orderRisk Assessment and Implementation of Measures to Address Extreme Weather Conditions
… and developed plans to mitigate the effect of extreme weather conditions and flooding. We also determined whether … 2022. Background In the decade since Superstorm Sandy, weather predicting models have indicated that, with rising … to prepare for rising sea levels, storms, and severe weather events. According to the MTA’s website, the …
https://www.osc.ny.gov/state-agencies/audits/2023/09/29/risk-assessment-and-implementation-measures-address-extreme-weather-conditionsDiNapoli: MTA Needs to Refocus Attention on Overdue Upgrades and Preparations for Extreme Weather
… its long-term capital needs that pays particular attention to the growing threat climate change poses to transit, and its most recent 20-year needs assessment … many capital needs are overdue for attention, according to Comptroller Thomas P. DiNapoli’s latest report . “The MTA …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-mta-needs-refocus-attention-overdue-upgrades-and-preparations-extreme-weatherSubmitting a DRO – Divorce and Your Benefits
… A Domestic Relations Order (DRO), whether prepared using the NYSLRS template or by an … document. NYSLRS requires a certified copy of the signed DRO, which we will keep on file. NYSLRS accepts a … as a copy of the parties’ judgment of divorce. Submit the DRO and a copy of the judgment of divorce to: NYSLRS …
https://www.osc.ny.gov/retirement/members/divorce/submitting-droDiNapoli 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 preparations for extreme weather … Bridges Tunnels BT NYC Transit Department of Buses Transit Bus and MTA Bus Company MTA Bus need to improve their …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-audit-finds-mta-needs-strengthen-extreme-weather-preparationsWhat to Report – Legacy Reporting
… contributions from salary earned in excess of the Governor’s annual salary. For the current amount, refer to the … Note: Do not take contributions from any overtime that is not reported. Continue to report normal salary. Public … payments *As of July 1, 2019, public safety overtime that is paid by a public entity and meets other requirements must …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-reportDiNapoli: NYC Transit Should Improve Response to Safety-Related Defects
… compromise subway safety which had not been identified by station supervisors during their inspections," said DiNapoli. … "A" defects at 12 stations that had been inspected by station supervisors. The defects included: loose stairway treads; exposed, sharp metal objects; station platform cracks; and an oil leak on the station …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-nyc-transit-should-improve-response-safety-related-defectsAccounting 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.pdfOut-of-State Orders – Divorce and Your Benefits
… benefit according to the provisions of the out-of-state DRO and release NYSLRS from any liability whatsoever due to any payments based on that DRO. If consent to New York jurisdiction cannot be obtained, an out of state DRO must be registered in a New York court with jurisdiction …
https://www.osc.ny.gov/retirement/members/divorce/out-state-ordersRetirees Contribute to New York State's Economy
… helping to create jobs and paying their fair share of taxes, NYSLRS retirees contribute to the economic health of our communities. And because NYSLRS provides a lifetime … a stronger New York. During 2024, approximately 79 percent of NYSLRS retirees and beneficiaries lived in NY and were …
https://www.osc.ny.gov/retirement/retirees/retirees-contribute-new-york-states-economyRetirement Estimates – Divorce and Your Benefits
… ask for the present or accrued value of the benefits due to a member at retirement. Upon the member’s written request to NYSLRS’ Equitable Distribution Estimates Unit, NYSLRS will … the divorce action in the estimate request, and submit it to: NYSLRS Equitable Distribution Estimates Unit 110 State …
https://www.osc.ny.gov/retirement/members/divorce/retirement-estimatesDisability Retirement – Divorce and Your Benefits
… retirement plans provide for several different types of disability retirement benefits. However, NYSLRS does not … benefit. Instead, the pension is a fixed percentage of the member’s final average earnings. This means there is no “service” portion and “disability” portion of the retirement benefit. If the DRO does not specifically …
https://www.osc.ny.gov/retirement/members/divorce/disability-retirementReporting Requirements Changes (2015) – Reporting Elected and Appointed Officials
… (NYCRR) clearly defines the reporting process for elected and appointed officials and ensures they receive appropriate service … Elected and Appointed Officials Official did not need to attest to the accuracy of the ROA. Official must sign the … Elected and Appointed Officials Revisions to Regulation 3154 …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/reporting-requirements-changesLaw Pertaining to SUNY Police Officers
… Overview 2 A law pertaining to SUNY police officers was enacted on December 18, 2015. … York State and Local Employees’ Retirement System (ERS) to transfer to the Police and Fire Retirement System (PFRS). Officers who … Law Pertaining to State University of New York SUNY Police Officers …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersDiNapoli: As Subway On-Time Performance Falls Behind, Better Plans Needed To Get Trains Back On Track
… causes of delays and asserted that its assessment of wait time between trains is a better indicator of subway … was completed. The presentation suggested that riders’ wait times were a better service measurement than on-time …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-subway-time-performance-falls-behind-better-plans-needed-get-trains-back-trackRochester Attorney Admits to Unlawfully Receiving Retirement Benefits
… years 2008 through 2014. Cecero also admitted that while drawing retirement benefits from NYSLRS, she also participated in SUNY ORP. The practice of drawing retirement benefits while remaining a public employee …
https://www.osc.ny.gov/press/releases/2018/04/rochester-attorney-admits-unlawfully-receiving-retirement-benefitsIX.9.B Transfers to Other Funds – IX. Federal Grants
… In order to preserve federal grant reporting requirements, statutory … of the receiving fund). These transactions are referred to as "Source 9" transactions which denote that the transfer … bills. As such, special account coding must be used to ensure that the transaction budget checks against the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9b-transfers-other-funds