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State Agencies Bulletin No. 1243
… Purpose To describe OSC actions taken for current enrollees with an … signed legislation creating Tier 6. This new Tier applies to employees joining a retirement system after March 31, … Ten new benefit plans (five for SUNY and five for CUNY) have been created to withhold the appropriate contributions. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1243-tier-6-tiaa-retirement-contribution-rate-changesDiNapoli: Contribute to a NY 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… couples filing jointly can deduct up to $10,000 each year. New York’s 529 College Savings Program began in 1997 … to New York Advisor-Guided Plan account holders this year. For information about New York State’s 529 College …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-contribute-ny-529-college-savings-account-and-deduct-10000-your-state-taxesDiNapoli: As State Tax Check-Off Options Increase, Spending Lags for Most
… New York state has the highest number of personal income tax (PIT) check-offs in the nation, but an analysis by State Comptroller Thomas P. DiNapoli found that even as the … totaled $3.2 million, led by the NYS Campaign Finance Fund, which received 24.9% of the total, followed by Breast …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-state-tax-check-off-options-increase-spending-lags-mostDiNapoli: State Pension Fund Value $178.1 Billion
… -0.07% 1.7% Opportunistic Alternatives 4.00% 1.0% Real Assets 16.64% 0.3% * Returns are estimated, pending audited …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionDiNapoli: New York State Common Retirement Fund Reaches Agreements with Companies on Disclosing Political Spending
… their political spending under agreements reached with the New York State Common Retirement Fund, New York State Comptroller …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-state-common-retirement-fund-reaches-agreements-companies-disclosing-politicalPayments Not Requiring Pre-Audit – Improving the Effectiveness of Your Claims Auditing Process
… or interest payments on debt. Payments made pursuant to a court order. Amounts due upon lawful contracts for …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/payments-not-requiring-pre-auditState Agencies Bulletin No. 1451
… salary limit for members of TIAA-CREF (Plan Type 7Z) in Tiers 1 through 5. Background In accordance with Section 415 of the Internal Revenue code, … Affected Employees Employee who are members of TIAA-CREF in Tiers 1-5 Effective Date January 1, 2016 Eligibility …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1451-maximum-salary-limit-tiaa-cref-retirement-tiers-1-through-5-plan-typeTown of Union Vale - Payroll (2018M-31)
Determine whether Town officials established adequate policies and procedures over payroll leave and health insurance payments
https://www.osc.ny.gov/local-government/audits/town/2019/11/22/town-union-vale-payroll-2018m-31DiNapoli: MTA Financial Outlook Improved
… billion riders in 2016, the highest level since 1949. The Long Island Rail Road, Metro-North and the MTA’s bridges and … unanticipated resources to increase reserves, pay down long-term liabilities, or moderate future fare and toll …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-mta-financial-outlook-improvedState Agencies Bulletin No. 290
… below indicating which State income taxes were withheld. NY - New York IL - Illinois DC - District of Columbia VA - … If both, New York City tax withheld is on top line and Yonkers tax withheld is directly below in the same box. Box … Questions Questions regarding the W-2 process or the AC-230 process may be directed to the Payroll Deductions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/290-2001-w-2-year-end-processingState Agencies Bulletin No. 2295
… amount will increase to $23,500 for calendar year 2025. An additional deferment is available to employees age … Plan 704 SUNY After Tax 403(b) Plan Education Department, School for the Blind, and School for the Deaf employees … on the Savings Plans panel, should always be the first day of the current, unconfirmed pay cycle. To start or change …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2295-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaState Comptroller DiNapoli Releases School District Audits
… officials did not establish an adequate accounting system for the district’s funds. As a result, district officials … collected, submitted, and deposited, and disbursements are for valid purposes. As a result, 72 of 90 transactions tested totaling $321,554 were not properly accounted for. Officials did not ensure collections and disbursements …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-school-district-audits-0DiNapoli: NYC Budget Benefits From Stronger Economy
… and billions in savings on debt service and pension contributions have helped New York City close its 2016 fiscal … and has reduced its forecasts for debt service and pension contributions by a total of $3.2 billion. The city has … and billions in savings on debt service and pension contributions have helped New York City close its 2016 fiscal …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26
… Comptroller Thomas P. DiNapoli today announced employer contributions rates for the New York State and Local … the preparation of their budgets. Projections of required contributions vary by employer depending on factors such as … Comptroller Thomas P DiNapoli today announced employer contributions rates for the New York State and Local …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26State Agencies Bulletin No. 1533
… Purpose To notify agencies of the 2017 maximum salary limit for members of TIAA (Plan Type 7Z) in Tiers 1 through 5. Background In accordance with Section 415 of the Internal Revenue code, which provides for dollar …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1533-maximum-salary-limit-teachers-insurance-and-annuity-tiaa-retirementBecoming Eligible for a Benefit – Article 14 Benefits
… As long as you do not withdraw your contributions, you will have earned the right to receive a …
https://www.osc.ny.gov/retirement/publications/1644/becoming-eligible-benefitOvertime Temporarily Excluded from Tier 6 Contribution Rates
… after April 2022: Action was required by January 31 to provide earnings breakdowns . Non-compliant employers must … enhanced reporting since April 2022: Action was required to update contribution rates for SFY 2024-25 . All … they should for the upcoming fiscal year. What You Need to Do View Notification to Access Summary Page View the …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesLeaves of Absence – State Police Plan
… pay. Workers’ Compensation You will usually receive up to one year of service credit for time spent on workers’ compensation leave per incident. To determine your eligibility and the cost, if any, please send a request to NYSLRS using our secure contact form . Please include the …
https://www.osc.ny.gov/retirement/publications/1518/leaves-absenceBeaver River Central School District – Collection of Real Property Taxes and Retiree Health Insurance Contributions (2021M-123)
Determine whether Beaver River Central School District (District) officials ensured that real property taxes and retiree health insurance contributions were properly collected, recorded and deposited.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/beaver-river-2021-123.pdfAdjustments Report (RS2050)
To make corrections to the salary, service or contributions listed on previous monthly reports, NYSLRS employers use form RS2050.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs2050.pdf