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IRS Pension Limitation – Non-Contributory Plan with Guaranteed Benefits
… Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New …
https://www.osc.ny.gov/retirement/publications/1513/irs-pension-limitationState Comptroller DiNapoli Releases Municipal & School Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … exceed the $18.5 million maximum amount authorized by an act of the state Legislature for the city to issue debt … in the debt service fund had $337,777 in unidentified money that should be returned to the general fund. … New York …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-municipal-school-audits-0State Agencies Bulletin No. 298
… and voluntary deductions and required tax withholdings are taken. Affected Employees Employees enrolled in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/298-changes-processing-deferred-compensation-calendar-year-2002Romulus Central School District - Financial Condition Management and State Transportation Aid (2018M-136)
… applied for all entitled State transportation aid for new bus purchases. Key Findings The Board-adopted 2014-15 …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/05/romulus-central-school-district-financial-condition-management-and-stateState Comptroller DiNapoli Releases Municipal Audits
… doing so. In addition, the unrestricted fund balance grew to $2.4 million as of Dec. 31, 2020. Allowing $2.4 million to accumulate and sit idle without a specific purpose to benefit the town is not in the public’s best interest. …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-0SUNY Bulletin No. SU-337
… Codes created to systematically adjust overtime earnings for State University of New York (SUNY) employees who also … Intermittent Inconvenience with Shift (Earnings Code ISO) and/or Intermittent Weekend Shift (Earnings Code IWO) … manual calculations that pose a risk and to allow for systematic retroactive calculations to be paid, new …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-337-change-overtime-processing-procedures-suny-employeesDiNapoli Releases October State Cash Report
… spending, contracts and other fiscal issues. These are easily accessible on his transparency website called Open …
https://www.osc.ny.gov/press/releases/2014/11/dinapoli-releases-october-state-cash-reportOpinion 95-16
… LAW, §1908(1): A central high school district is required to apportion expenses among the school districts therein on … roll as of the date of the apportionment. This is in reply to your request for our opinion as to the proper assessment roll to be used for the …
https://www.osc.ny.gov/legal-opinions/opinion-95-16State Comptroller DiNapoli Releases Municipal Audits
… fund owed the general fund $340,000. The water and sewer funds do not pay administrative costs for services they … a fund balance policy that allowed for unexpended surplus funds of up to 70 percent of annual expenditures. The policy, …
https://www.osc.ny.gov/press/releases/2018/11/state-comptroller-dinapoli-releases-municipal-auditsNew York Retirement Systems Appropriation
… Legislative Program Legislative Session 2017-2018: New York Retirement Systems Appropriation – Vetoed on …
https://www.osc.ny.gov/legislation/new-york-retirement-systems-appropriationSelected Aspects of Discretionary Spending
… determine whether the State University Construction Fund’s discretionary spending complied with its guidelines and was … the $700 million master plan for the State University of New York (SUNY). This master plan enabled SUNY to accommodate …
https://www.osc.ny.gov/state-agencies/audits/2014/09/19/selected-aspects-discretionary-spendingSocial 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 … for service with a public employer for which you received retirement credit. The primary Social Security benefit may …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentAutomated Phone Service
… Below is a list of the phone menu options available to NYSLRS members. …
https://www.osc.ny.gov/retirement/members/automated-phone-serviceDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… for multiple initiatives, including an additional $800 million for the Emergency Rental Assistance Program, $800 million for hospitals continuing to face financial … utility bill arrears, and $125 million for homeowner and landlord assistance. Revenue Overview All Funds revenues for …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetOpinion 89-8
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … Repair Reserve Fund (necessity for consent by the Office of the State Comptroller to establishment by school district …
https://www.osc.ny.gov/legal-opinions/opinion-89-8State Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … not maintain a multiyear financial plan and has continued to rely on unreliable revenues and one-time funding sources. … an effective claims audit or establish an adequate process to ensure that transactions were properly authorized and …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… the audit process to ensure all claims are audited before payment, when required. The board approved the treasurer's …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… a four-year total of $505,187 more than necessary in taxes and maintained an excessive level of surplus fund … calculated revenues upon which their payments in lieu of taxes (PILOTs) are based on. These projects have 99-year …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-municipal-audits-0Service Credit Purchase Payments – Legacy Reporting
… If members choose to purchase credit for their previous service, they have the option to pay the … contributions, plus interest (if applicable), by means of: A single lump sum payment; or Transferring funds through a … all others are to be taken as after-tax deductions. When taking these payments, you will still report the full …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsLoans – Divorce and Your Benefits
… be rejected at retirement due to insufficient funds for the ex-spouse. Rev. 2/23 …
https://www.osc.ny.gov/retirement/members/divorce/loans