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Are You Vested? And What It Means
… you meet the minimum age requirements established by your retirement plan. Vesting is automatic; you do not have to … requirement change affects members of both the Employees’ Retirement System (ERS) and the Police and Fire Retirement System (PFRS). Previously, Tier 5 and 6 members …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansOpinion 2006-1
… This opinion represents the views of the Office of the State Comptroller at the time it was … a town may pay an employee on the morning of the last day of the payroll period even though such employee has not … Whether a town may pay an employee on the morning of the last day of the payroll period …
https://www.osc.ny.gov/legal-opinions/opinion-2006-1Opinion 88-6
… although benefits under the plan vest immediately and in full, they are not payable until the "normal retirement age" …
https://www.osc.ny.gov/legal-opinions/opinion-88-6CUNY Bulletin No. CU-547
… adjustment process is the employer’s timely payment of the full amount of underpaid FICA tax to the IRS and the … that the employer must make the correction and pay the full underpaid tax within a prescribed time period, which is … remit both the employer and employee share to the IRS in full. OSC is then required to quickly begin collecting from …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-547-new-repayment-rate-deduction-code-582-cuny-ssmedicareState Agencies Bulletin No. 1493
… which is essentially within the timeframe for filing the payroll return for the period in which the error was … maintain timely and accurate FICA Status on the Job Data Payroll panel: Main Menu>Workforce Administration>Job Information>Job Data>Payroll . When FICA repayment is required by an employee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1493-new-repayment-rate-deduction-code-502-nys-ssmedicare-deficiencyDiNapoli: Home Ownership Grants Helping Low- and Moderate-Income New Yorkers
… as warranted, with grant managers who do not ensure full compliance with prescribed Program requirements; and …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-home-ownership-grants-helping-low-and-moderate-income-new-yorkersDiNapoli Criticizes Ill-Conceived Presidential Executive Order
… dangerous attack on environmental protections. Along with the President's previous proposals to gut the Environmental … clean air and water, this action would decimate 40 years of work to reduce pollution in America, pushing our country … investments of the New York State Common Retirement Fund. As shareholders, we will continue to challenge companies to …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-criticizes-ill-conceived-presidential-executive-orderDiNapoli Releases February 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/2016/03/dinapoli-releases-february-state-cash-reportDiNapoli Urges New Yorkers to Spend Holiday Gift Cards
… balances can eventually be turned over to his Office of Unclaimed Funds (OUF), which took in a record $48 million … many fees. Despite the change in law, the NYS Abandoned Property Law remains unchanged – gift cards and certificates … to see if they are owed money. Track state and local government spending at Open Book New York . Under State …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-urges-new-yorkers-spend-holiday-gift-cardsDiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… for local governments in July fell 8.2 percent compared to the same period last year, according to New York State … Although revenue is still down compared to July 2019, the decline is less steep than any month since March, when the COVID-19 pandemic began to affect sales tax collections. …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-local-sales-tax-collections-drop-82-percent-julyAccounts Receivable Collection and Reporting
… and environment by promoting energy efficiency and the use of renewable energy sources. These efforts are key to … five portfolios, each representing a complementary group of offerings with common areas of energy-related focus and similar objectives. The Authority …
https://www.osc.ny.gov/state-agencies/audits/2015/08/05/accounts-receivable-collection-and-reportingUnnecessary Managed Care Payments for Medicaid Recipients With Medicare (Follow-Up)
… Unnecessary Managed Care Payments for Medicaid Recipients With Medicare (Report 2010-S-75). Background Our initial … Unnecessary Managed Care Payments for Medicaid Recipients With Medicare (2010-S-75) …
https://www.osc.ny.gov/state-agencies/audits/2013/11/01/unnecessary-managed-care-payments-medicaid-recipients-medicare-followOversight of International Offices
… ESD still has foreign representatives operating in Canada, Israel, South Africa and the United Kingdom. Key Findings ESD …
https://www.osc.ny.gov/state-agencies/audits/2013/06/28/oversight-international-officesSamaritan Village, Inc. – Chemical Dependency Services Program
… for the individuals it serves (e.g., Medicaid, third party payers, etc.), it reduces claimed Program expenses by …
https://www.osc.ny.gov/state-agencies/audits/2014/02/28/samaritan-village-inc-chemical-dependency-services-programWayne County Chapter NYSARC, Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by the Wayne County Chapter of NYSARC, Inc. (ARC Wayne) on its … calculated, adequately documented, and allowable under the State Education Department’s (SED) guidelines, including … To determine whether the costs reported by the Wayne County Chapter of NYSARC Inc …
https://www.osc.ny.gov/state-agencies/audits/2020/12/07/wayne-county-chapter-nysarc-inc-compliance-reimbursable-cost-manualFacility Oversight and Timeliness of Response to Complaints and Inmate Grievances (Follow-Up)
… Objective To determine the extent of implementation of the five recommendations included in our initial report, Facility Oversight and Timeliness of Response to Complaints and Inmate Grievances ( 2017-S-2 … To determine the extent of implementation of the five recommendations included in our …
https://www.osc.ny.gov/state-agencies/audits/2019/06/18/facility-oversight-and-timeliness-response-complaints-and-inmate-grievances-followGovernment-Wide Financial Data – 2023 Financial Condition Report
… financial statements provide a long-term view of finances. They record revenues and expenses when the … (cash basis). Each statement breaks down the activities of State government into two types: Governmental activities: includes most of the State’s core services as well as general …
https://www.osc.ny.gov/reports/finance/2023-fcr/government-wide-financial-dataBig Flats Fire District #2 – Internal Controls Over Financial Operations (2012M-155)
… Purpose of Audit The purpose of our audit was to examine selected District financial operations for the period January 1, 2011 through June 21, 2012. Background …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/01/30/big-flats-fire-district-2-internal-controls-over-financial-operations-2012mCity of Troy – Budget Review (B5-15-22)
… money for contingencies to provide adequate flexibility to pay for unanticipated costs. The City’s 2015 proposed budget … contributions and make modifications to provide funding to pay the estimated amounts. City officials should budget …
https://www.osc.ny.gov/local-government/audits/city/2015/11/10/city-troy-budget-review-b5-15-22City of Troy – Budget Review (B5-14-23)
… Purpose of Audit The purpose of our budget review was to determine whether the significant … the 2015 fiscal year are reasonable. Background The City of Troy, located in Rensselaer County, issued debt totaling … City of Troy Budget Review B51423 …
https://www.osc.ny.gov/local-government/audits/city/2014/11/07/city-troy-budget-review-b5-14-23