Search

Avoiding a Rejected DRO – Divorce and Your Benefits

… of the Internal Revenue Code (IRC) must be deleted from any proposed or final DRO. Assignment — NYSLRS members … date benefits will be paid to a member or an ex-spouse is the member’s actual date of retirement. Benefits cannot … member to designate the ex-spouse as a beneficiary under a different option election. In addition, if an existing DRO …

https://www.osc.ny.gov/retirement/members/divorce/avoiding-rejected-dro

Signal Maintenance, Inspection, and Testing (Follow-Up)

… the Program New York City Transit’s (NYCT) Department of Subways’ (Subways) Maintenance of Way division has eight operating … sections for maintenance purposes. As of January 15, 2020, Subways reported that the signal system had 45,001 signal …

https://www.osc.ny.gov/state-agencies/audits/2020/08/19/signal-maintenance-inspection-and-testing-follow

State Agencies Bulletin No. 1134

… default on the Description page. If applicable, enter Pool ID changes on the Specific Information page by expanding … 0. (24000,230. During the Update Incumbent processing, the above counts reflect the number of incumbents examined for … PayServ Data Conversion Requirements. OSC Actions Position Pool IDs The account code for the Position Pool IDs will be …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1134-reporting-line-number-changes-and-budget-year-changes-fiscal-year-2012

Opinion 88-51

… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Repair Reserve Fund … improvement for the purposes of section 6-d. Having found that the lake is a capital improvement, it remains to … remodeling or major overhaul and often the replacement of old, worn materials with new material (1988 Opns St Comp No. …

https://www.osc.ny.gov/legal-opinions/opinion-88-51

Opinion 95-12

… 10 and 11 of the General Municipal Law (see 1983 Opns St Comp No. 83-69, p 80; 1981 Opns St Comp No. 81-191, p 202; … bank that has been organized under the National Bank Act (12 USC §21 et seq .). Such an association operates pursuant … of authority issued by the Comptroller of the Currency (12 USC §27). The Comptroller of the Currency is authorized to …

https://www.osc.ny.gov/legal-opinions/opinion-95-12

Borrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)

… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …

https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributions

Borrowing Against Your Contributions – Non-Contributory Plan with Guaranteed Benefits

https://www.osc.ny.gov/retirement/publications/1513/borrowing-against-your-contributions

Borrowing Against Your Contributions – Regional State Park Police Plan

https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributions

Borrowing Against Your Contributions – En-Con Police Officers Plan

https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributions

Borrowing Against Your Contributions – State University Police Plan

https://www.osc.ny.gov/retirement/publications/1823/borrowing-against-your-contributions

New York State Pension Fund Sets 2040 Net Zero Carbon Emissions Target

… valued at an estimated $226 billion, has adopted a goal to transition its portfolio to net zero greenhouse gas emissions by 2040. This process … in energy sector companies, using minimum standards to assess transition readiness and climate-related investment … valued at an estimated $226 billion has adopted a goal to transition its portfolio to net zero greenhouse gas …

https://www.osc.ny.gov/press/releases/2020/12/new-york-state-pension-fund-sets-2040-net-zero-carbon-emissions-target

Hiring Public Retirees – When Employees Retire

… after the calendar year in which a retiree turns age 65. Section 212 (RSSL) Under Section 212, there is a calendar-year limit on a service … Work After Retirement? . If a retiree earns more than the Section 212 limit, he or she must pay back to NYSLRS an …

https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retirees

Opinion 96-6

… the court concluded that the likelihood that such a de minimis non-statutory interest would or did in fact … commissions split with the insurance agency is more than a de minimis portion of the supervisor's annual income, the …

https://www.osc.ny.gov/legal-opinions/opinion-96-6

XI.4.A Not-for-Profit Prompt Contracting – XI. Procurement and Contract Management

… and payment of interest to NFPs when OSC disapproves a waiver; require State agencies to report prompt contracting … Article XI-B. However, a State agency may not require a waiver of interest as a prerequisite to the execution to a … the following information on the transmittal: Agency Name, Business Unit, Department ID, Contract Number, …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4a-not-profit-prompt-contracting

XI.2.H Multiyear Contracts – XI. Procurement and Contract Management

… contracts, may be structured on the basis of a fixed contract term (e.g. three years) plus one or more annual (or … fixed term, it is necessary for the agency to process a contract extension. This extension requires the approval of … (OSC), if such approval was required for the original contract, and the submission of relevant documentation. …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2h-multiyear-contracts

Controls Over the Collection of the Public Safety Communications Surcharge

… cell phones, two-way beepers, and tablets. A separate Enhanced 911 (E-911) Surcharge is imposed at the county level … Revenues (2001-S-27) Department of State: Oversight of the Enhanced Wireless 911 Program (2005-S-68) …

https://www.osc.ny.gov/state-agencies/audits/2017/10/04/controls-over-collection-public-safety-communications-surcharge

Thank you for subscribing to the Comptroller's Weekly Newsletter!

Thank you for subscribing to the Comptroller's Weekly Newsletter!