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Life Changes: Membership in a Nutshell
… for additional information. If you are an ERS member younger than 55 or a PFRS member younger than 50 and receive a taxable payment, you may be … year the loan is granted or becomes taxable. If you are younger than age 59½ at the time, you may be required to pay …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellOpinion 2000-14
… prior to retirement; there would be no fiscal obligation for the school district to provide payments into the program … a percentage of pay, into a "tax deferred annuity program" for its teachers. Under the program, all school district … prior to retirement. There would be no "fiscal obligation" for the school district to provide payments into the program …
https://www.osc.ny.gov/legal-opinions/opinion-2000-14Social Security Adjustment – Article 14 Benefits
… will be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a benefit from Social Security. The primary Social Security benefit is the …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentSecurity Delivery Instructions
… authorization. After delivering the securities, depending on the type of security and how it’s delivered, retain … as follows: DTC #: 901 Reference: State of New York, OUF Agent Bank: 26500 Acct #: 114429 Dividend Reinvestments … OUF as the owner of the shares must be available to OUF on request when needed to prove receipt or pay a claim. See …
https://www.osc.ny.gov/unclaimed-funds/reporters/security-delivery-instructionsSecurity Self-Assessment: Questions – Information Technology Governance
… Self-Assessment Questions A fillable form is available for download and completion online at … when last updated: Contracts and Service Level Agreements for IT Services 4a Do contracts and SLAs for IT services specify the level of service to be provided …
https://www.osc.ny.gov/local-government/publications/it-governance/security-self-assessment-questionsDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… New York State Comptroller Thomas P. DiNapoli today announced a new reduction in management fees for the state’s 529 College Savings … money go further.” The 529 College Savings Program is an investment tool designed to help parents save for college. …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2019
… Services $10,871 $33 $734 6.7% $38 19 Basic Health Plan $5,298 $16 $4,838 91.3% $249 1 All Other $32,257 $98 … a Basic Health Program (known in New York as the Essential Plan), a low-cost health insurance option for individuals who …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2019Opinion 97-16
… §369: The amount of compensation due an attorney assigned to represent a criminal defendant pursuant to County Law, §722(3) is fixed … a county board, pursuant to County Law, §369(2), has the power, where appropriate, to deny payment of claims presented …
https://www.osc.ny.gov/legal-opinions/opinion-97-16DiNapoli: Fast Food Companies Agree to Stronger Supplier Oversight
… Fried Chicken, Pizza Hut and Taco Bell, have agreed to conduct assessments of human rights risks related to labor standards in their operations and supply chains. The … at approximately $5.2 million. Background: DiNapoli, as trustee of the New York State Common Retirement Fund, has …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-fast-food-companies-agree-stronger-supplier-oversightOpinion 90-22
… that a municipality may, in its own discretion, invest security deposits posted by users of municipal facilities or … of public moneys. If a municipality elects to invest security deposits, it is our opinion that the interest must … third party. Although we previously have concluded in the case of security deposits that a municipality would not be …
https://www.osc.ny.gov/legal-opinions/opinion-90-22IX.3.A Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies - Pre-Award Spending Projects – IX. Federal Grants
… also provide an expected timeline for receipt of the new award. Upon creation of the project, agencies can create …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix3a-establish-maintain-federal-grants-sfs-non-onboarding-agencies-pre-award-spending-projectsChild Development Center of the Hamptons Charter School – Financial Management (2013M-98)
… paid each month – documentation that supports information in the financial reports. Key Recommendations Follow the …
https://www.osc.ny.gov/local-government/audits/school-district/2013/07/05/child-development-center-hamptons-charter-school-financial-managementSUNY Bulletin No. SU-342.1
… employees to bond with a newly born, adopted, or fostered child. Per a memorandum dated April 11, 2023, the SUNY Board … must have a qualifying event that includes the birth of a child or placement of a child for adoption or foster care in … to the payroll and actually return to the payroll. In this case, the employee would receive paid parental leave at their …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-3421-suny-paid-parental-leave-fullOpinion 90-54
… other person. We have been asked to discuss the procedures for the equitable distribution of retirement benefits payable … (ERISA) and the Internal Revenue Code (IRC) which provide for Qualified Domestic Relations Orders (QDRO's) (see ERISA, … Retirement System will not establish a separate account for an alternate payee. The pension funds payable to a member …
https://www.osc.ny.gov/legal-opinions/opinion-90-54Financial Oversight of the Advantage After School Program (Follow-Up)
… of Children and Family Services (OCFS) is responsible for administering the Advantage After School Program … of activities. OCFS awards contracts to eligible not-for-profit community and faith-based organizations … the Maximum Average Daily Attendance (MADA). Contracts are for five years and range between $80,000 and $280,000 …
https://www.osc.ny.gov/state-agencies/audits/2019/09/27/financial-oversight-advantage-after-school-program-followMilestone School for Child Development – Compliance With the Reimbursable Cost Manual
… rates. Work with Milestone officials to help ensure their compliance with Manual provisions. To Milestone: Ensure that … of Interest Bilingual SEIT and Preschool, Inc.: Compliance With the Reimbursable Cost Manual (2011-S-13) IncludED Educational Services, Inc.: Compliance With the Reimbursable Cost Manual (2010-S-59) … …
https://www.osc.ny.gov/state-agencies/audits/2015/07/17/milestone-school-child-development-compliance-reimbursable-cost-manualState Agencies Bulletin No. 2313.1
… instructions; Updated guidance on entering transactions for multiple pay periods in a single check date for Employees who have Hourly and Fee service in an Executive … (Earnings Code LGS) based on years of qualifying service for employees in an eligible bargaining unit. Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/23131-longevity-service-payment-employees-eligible-bargaining-unitState Agencies Bulletin No. 2313
… Chapter 361 of the Laws of 2022, which implemented the 2021 – 2026 Agreement between the State of New York and the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2313-longevity-service-payment-employees-eligible-bargaining-unitParticipation in the Program – Contribution Stabilization Program
… payment, and you would not be able to amortize your annual pension contribution unless you elect to participate in the CSP. If you have a reserve fund balance after withdrawing from the CSP, your balance … if: You would be eligible to amortize; and Your reserve fund has been depleted. If you have questions or need …
https://www.osc.ny.gov/retirement/employers/csp/participation-programDiNapoli: Major Retailers Agree to Stronger Supplier Oversight
… safety, human and worker rights and environmental compliance. 2012 - Leggett & Platt, a leading manufacturer … (ILO) and to allow independent monitoring of their compliance. … New York State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-major-retailers-agree-stronger-supplier-oversight