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Tier 6 Defined Contribution Plan Option
… plan must file an election during their first 30 days of employment. You must continue to inform your new employees of their right to join the Retirement System. In addition, … plan. The defined contribution plan option is the result of a 2012 amendment to Section 390 of the New York State …
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionLoan Payroll Deductions – Enhanced Reporting
… Once a loan has been approved and a check is sent to the member, you will receive a notification letting you … Credit Purchase (SCP) Deduction page in Retirement Online, which will list the amount to be deducted from the …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/loan-payroll-deductionsOverview – Legacy Reporting
… You should not report withdrawn members or retirees who have returned to work under Section 211 or 212 of New … on employees, retirees, etc., which will enable NYSLRS to store and retrieve that information if needed at a later date, saving employers considerable time and …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overviewCortland Enlarged City School District - Budget Review (B4-15-12)
… Review The purpose of our budget review was to provide an independent evaluation of the District’s proposed budget for the 2015-16 fiscal year. Background The Cortland Enlarged City School District, located in Cortland County, has a tentative …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/15/cortland-enlarged-city-school-district-budget-review-b4-15-12Manhasset Union Free School District – Separation Payments (2016M-150)
… over the calculation and processing of separation payments for the period July 1, 2014 through February 29, 2016. … five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled $90 million. Key Findings … that District officials developed written procedures for processing or approving separation payments and there was …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/22/manhasset-union-free-school-district-separation-payments-2016m-150State Agencies Bulletin No. 1790
… is to notify agencies of the maximum contribution limits for employees enrolled in the New York State Deferred Compensation Plan for calendar year 2020. The regular yearly contribution amount for Deferred Compensation will increase from $19,000.00 to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1790-deferred-compensation-maximum-contribution-limits-calendar-year-2020State Agencies Bulletin No. 1700
… of the maximum contribution limits for employees enrolled in the New York State Deferred Compensation Plan for calendar … $19,000. An additional deferment is available to employees age 50 and over. These employees can defer up to $6,000 in … contribution amount, for a combined total contribution limit of $25,000 in 2019. The Deferred Compensation …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1700-deferred-compensation-maximum-contribution-limits-calendar-year-2019Actuarial Advisory Committee
… actuarial assumptions and employer contributions. Armand de Palo (Retired) Michael Heller (Retired) Edward Brown …
https://www.osc.ny.gov/common-retirement-fund/resources/actuarial-advisory-committeeReal Estate Portfolio
… Purpose To determine whether the Rochester-Genesee Regional Transportation Authority has accounted for all of its real estate holdings, established a value for those holdings, and determined the need to either hold or dispose of properties. The audit covers from January 2010 …
https://www.osc.ny.gov/state-agencies/audits/2013/04/26/real-estate-portfolioRoxbury Central School District – Financial Condition (2013M-207)
… to under the 4 percent limit, District officials had to transfer moneys to the District’s reserves, which now total …
https://www.osc.ny.gov/local-government/audits/school-district/2013/11/01/roxbury-central-school-district-financial-condition-2013m-207State Agencies Bulletin No. 931
… Comptroller (OSC) in reconciling employee Social Security numbers and names in the NYS payroll system with the Social … Pursuant to Internal Revenue Service Publication 15 (Circular E), employers are required to enter a correct … Name Reason Why SSN Not Verified. Reasons provided by SSA may include: 1 = SSN not in file (never issued) 5 = Name does …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/931-verification-employee-social-security-numbers-and-names-be-reportedXI.6.A Quick Contracting–Commodity, Printing, Miscellaneous Services and Equipment – XI. Procurement and Contract Management
… that meet the agency’s form, function and utility, where required. • The Method of Award was an Invitation for … a protest has passed. EXCEPTIONS AND OTHER NOTES Contracts where the bidder, who otherwise would have been the lowest … supporting documentation, including a questionnaire, where applicable Evidence of current NYS Worker’s …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi6a-quick-contracting-commodity-printing-miscellaneous-services-and-equipmentState Agencies Bulletin No. 422.3
… Bulletin Supersedes Payroll Bulletin No. 422.2 Purpose: The purpose of this bulletin is to inform agencies of the new process for requesting … Under the current business process, state agencies submit Form AC 3197, Request for Direct Deposit Delete/Reversal, to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4223-new-process-request-direct-deposit-delete-or-reversalState Agencies Bulletin No. 1964
… destroyed payroll check that requires a reversal, please email the completed AC230 to the Payroll Reversal and … destroyed payroll check that requires an exchange, please email the completed AC1476 and supporting documents to the … incorrect payee name). Ensure the employee’s address is up to date in the Modify a Person page and verify the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1964-new-process-request-stop-payment-replacement-reversal-or-exchange-newDiNapoli: Pharma Company Agrees To Bar Its Drugs From Use In State Executions
… Thomas P. DiNapoli announced that in response to a Common Retirement Fund shareholder resolution, Akorn … new policy in a letter to DiNapoli’s office. As a result of Akorn’s actions the Fund will withdraw its shareholder … in the nation. Over the past 20 years, 82 percent of the cost of benefit payments has been funded by investment …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-pharma-company-agrees-bar-its-drugs-use-state-executionsNYS Common Retirement Fund Announces First Quarter Results
… (7.8 percent), real estate (7 percent), absolute return strategies (3.3 percent) and opportunistic alternatives and …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli Orders Divestment of Russia Holdings
… foreign policy has rightfully brought on substantial sanctions and his war has made Russia an unacceptable …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… unlawful invasion of Ukraine has led to unprecedented sanctions against Russian companies and individuals,” DiNapoli said. “While American sanctions already prohibit investments in many Russian … Putin’s unhinged, tyrannical foreign policy, leading to sanctions that have significantly hobbled Russia’s already …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewNYS Common Retirement Fund Reports Second Quarter Results
… Fund's estimated value reflects benefits of $3.57 billion paid out to retirees and beneficiaries during the quarter. … alternatives (5.35%). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… New York State Comptroller Thomas P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common … request that they increase the use of renewable energy in their operations and supply chain. “More Fortune 500 …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energy