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DiNapoli: Despite Challenges, Agriculture Among the Most Resilient State Industries During the Pandemic
… Agriculture in New York state paid close to $1 billion in wages and produced roughly $3.3 billion in gross domestic product in 2021, according to a report by New York State Comptroller Thomas P. DiNapoli. The sector has proved to be among the most resilient during the COVID-19 pandemic, …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-despite-challenges-agriculture-among-most-resilient-state-industries-during-pandemicDiNapoli: Pension Contribution Rates for Employers Will Decrease for State Fiscal Year 2018-19
… Retirement System (ERS) will decrease from 15.3 percent of payroll to 14.9 percent of payroll. The estimated average contribution rate for the … (PFRS) will decrease from 24.4 percent to 23.5 percent of payroll. "We’ve had strong recent investment returns that …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-pension-contribution-rates-employers-will-decrease-state-fiscal-year-2018-19Elementary and Secondary Education – 2023 Financial Condition Report
… relief for K-12 education is expected to run through SFY 2024-25. In SFY 2022-23, the $4.2 billion of federal COVID-19 … Nation in Per Pupil Spending For the 2020-21 school year (SY), the most recent year for which data are available, New … profiles and regional costs, among other factors. In SY 2019-20, 56.1 percent of K-12 students were certified for …
https://www.osc.ny.gov/reports/finance/2023-fcr/elementary-and-secondary-educationService Credit – Divorce and Your Benefits
… service credit, whether purchased or given because of a State-enacted retirement incentive, may also affect the … formula for a public pension was established by the State Court of Appeals in Majauskas v. Majauskas. Service … Social Security Law [RSSL]). Members who retire under a State-enacted retirement incentive may also receive …
https://www.osc.ny.gov/retirement/members/divorce/service-creditState Comptroller DiNapoli Releases State Audits
… Data Security (2016-S-27) The office has taken actions to comply with the federal requirements for securing … seven requirements. Two requirements were not applicable due to current practices at the office and modifications of …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-state-auditsState Agencies Bulletin No. 1053
… Purpose To notify agencies of the availability of the 2010 Form W-2 Wage and Tax … employee requesting a replacement W-2 and click on Search. When the W-2 Reprint page opens, confirm the correct … the current employee address. OSC recommends that agencies do not use a window envelope, as the employee’s Social …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1053-automated-process-reissued-2010-form-w-2-wage-and-tax-statementPersonal Income Tax Refunds
… appropriate and processed in accordance with applicable New York State tax laws and regulations. We examined refunds … 183 1,575,210 Taxpayer failed to claim correct New York City income 127 375,046 Two largest errors caused by …
https://www.osc.ny.gov/state-agencies/audits/2014/04/16/personal-income-tax-refundsWho to Report – Enhanced Reporting
… When you use enhanced reporting, you not only report data on … Employees who are eligible for membership, but chose not to join NYSLRS; Retirees (from any of the eight public … means we will already have it on hand if they choose to join at a later date, saving you considerable time and …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/who-to-reportDiNapoli Seeks Information on Safety Measures Taken by Businesses Involved in Shipping Oil
… Other derailments in the United States in recent years have come at significant human and financial cost. DiNapoli’s … petroleum crude oil; To articulate the provisions they have made to insure against liability for losses resulting … The Fund is the third-largest public pension fund in the country and …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-seeks-information-safety-measures-taken-businesses-involved-shipping-oilComptroller DiNapoli Releases School District Audits
… written procedures for password management, wireless security, remote access and managing user access rights. …
https://www.osc.ny.gov/press/releases/2020/01/comptroller-dinapoli-releases-school-district-auditsState Comptroller DiNapoli Releases Municipal Audits
… to a conditional discharge and given a $500 fine. Plattekill Public Library – Procurement and Investment of …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-1State Comptroller DiNapoli Releases Municipal Audits
… County) The justices did not provide adequate oversight of cash receipts, deposits and accounting records during the …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… New York State Common Retirement Fund is the third largest public pension fund in the United States. The Fund holds and … announced that the New York State Common Retirement Funds estimated overall investment return was 3355 percent …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historySafety at Stations (Follow-Up)
… two recommendations included in our initial report, Safety at Stations (Report 2016-S-91 ). About the Program Staten … miles) from St. George Terminal to the southern terminal at Tottenville. Riders can connect with New York City Transit …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/safety-stations-followControls Over Revocable Consents (Follow-Up)
To determine the extent of implementation of the five recommendations in our initial audit report Controls Over Revocable Consents Report 2018N1
https://www.osc.ny.gov/state-agencies/audits/2022/05/13/controls-over-revocable-consents-followState Comptroller Releases School District Audits
… awareness training. Find out how your government money is spent at Open Book New York . Track municipal spending, …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-releases-school-district-auditsDriver Responsibility Assessment Program
… due from violators and that it suspended the licenses, or the privilege to obtain a license, of drivers who did not … per year for three years on drivers convicted of alcohol- or drug-related traffic violations or who refuse a chemical test. The Law also mandates a fee of …
https://www.osc.ny.gov/state-agencies/audits/2014/10/09/driver-responsibility-assessment-programDiNapoli: State Pension Fund Value $192 Billion
… today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.42 percent return on … public equity markets,” DiNapoli said. “New York state’s pension fund is at a record value based on prudent long term … best funded, best performing pension plans in the nation and that’s great news for the more than one million men and …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionSchuyler County – Court and Trust Funds (2021-C&T-1)
… made pursuant to court orders commonly involve surplus money from foreclosures and contract disputes resulting in a … (Clerk) office when payments are deposited as required by court order. Pursuant to New York State Finance Law, county treasurers are required to submit a …
https://www.osc.ny.gov/local-government/audits/court-and-trust/2021/12/10/schuyler-county-court-and-trust-funds-2021-ct-1Earnings Limits
… earnings (FAE) , which is used to determine your NYSLRS pension, may be limited. If you earn more than the limit, it will not be factored into your pension and your employer should not withhold member … 401(a)(17) limits the earnings used in the calculation of pension benefits. The amount is set by federal law and …
https://www.osc.ny.gov/retirement/members/earnings-limits