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What is a Defined Benefit Plan?
… to recruit and retain qualified employees. Employers can reduce the risk of employee turnover, which can help cut training costs and improve productivity. Defined … account, so market downturns, especially near retirement, can affect the value of the benefit. During retirement, the …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… services and the MTA could amount to over $2 billion next year, and the city continues to bear the majority of the … June, New York City adopted a balanced budget for fiscal year (FY) 2025, totaling $116.8 billion including expense prepayments from last fiscal year. The fiscal trajectory of FY 2024 followed recent trends …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainFinancial Data: How can we submit a data request?
… Requesters can either phone the Local Government and School Accountability (LGSA) Help Line at 1-866-321-8503 …
https://www.osc.ny.gov/local-government/data/financial-data-how-can-we-submit-data-requestLife Changes: Membership in a Nutshell
… To apply for previous service, sign in to your Retirement Online account , go to the ‘My Account Summary’ area of your … purchasing additional service credit will increase your pension. However, there are certain situations where … prior to your estimated date of retirement. Use Our Quick Calculator The quick calculator will estimate your pension …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellDiNapoli: State Needs to Improve Monitoring of Mental Health Facilities
… /www.osc.state.ny.us/audits/allaudits/093019/sga-2019-18s22.pdf During the course of their work, auditors also sought …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-state-needs-improve-monitoring-mental-health-facilitiesMedicaid Program – Opioid Prescriptions for Medicaid Recipients in an Opioid Treatment Program
… Purpose To determine if the Department of Health has taken sufficient steps to safeguard Medicaid … which began in the 1990s with the over-prescribing of opioid drugs for pain-related conditions. Opioid treatment … Tracking Over-Prescribing (I-STOP), which contains records of controlled substance prescriptions. I-STOP is a tool to …
https://www.osc.ny.gov/state-agencies/audits/2018/11/20/medicaid-program-opioid-prescriptions-medicaid-recipients-opioid-treatment-programOversight of Certified Homeless Shelter Food Services
… Purpose To determine whether the Office of Temporary and Disability Assistance (OTDA), New York City Department of Homeless Services (DHS), and New York City Department of Health and Mental Hygiene (DOHMH) are adequately …
https://www.osc.ny.gov/state-agencies/audits/2018/10/29/oversight-certified-homeless-shelter-food-servicesOversight of Hazardous Materials and Waste
… Purpose To determine if SUNY institutions have developed adequate controls to effectively safeguard campus communities against hazardous …
https://www.osc.ny.gov/state-agencies/audits/2018/12/03/oversight-hazardous-materials-and-wasteFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and George P. Beach II, …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreHalfmoon Town Supervisor Sentenced To 12 Months In Prison
… Wormuth was sentenced today to one year and one day in prison as a result of her convictions for extortion and … Richard S. Hartunian and Andrew W. Vale, Special Agent in Charge of the Albany Division of the Federal Bureau of … in our leaders. The FBI stands determined with our law enforcement partners to investigate those who would …
https://www.osc.ny.gov/press/releases/2015/12/halfmoon-town-supervisor-sentenced-12-months-prisonState Agencies Bulletin No. 1632
… Purpose To inform agencies of the updated IRS tax withholding requirements for 2018 and other tax related … Number (ITIN) - Renewal/Expiration Tax Changes Federal Tax Changes IRS Notice 1036 provides an early release … use in 2018, which has not yet been released by the IRS. Federal Tax Withholding Rates Due to late issuance of the new …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1632-summary-tax-related-changes-2018CUNY Bulletin No. CU-301
… Purpose To explain OSC’s automatic processing of increments and … 7 Current, paychecks dated 7/5/07 Background Pursuant to the agreement between the City University of New York and … codes when submitting pay changes, position changes and transfers. Questions Questions regarding this bulletin may be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-301-cuny-increment-payments-effective-july-1-2007Opinion 93-22
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … Disposition of (when erroneously reported to justice court fund) STATE COMPTROLLER -- Justice Court Fund (procedure to … discretion of the court ..." ( People v Wirtschafter , 305 NY 515, 519 [1953]), and is premised upon the defendant's …
https://www.osc.ny.gov/legal-opinions/opinion-93-22Opinion 98 - 19
… This opinion represents the views of the Office of the State Comptroller at the time … An installment purchase contract of a fire district is subject to a mandatory referendum. You ask whether an installment purchase contract of a fire district is subject to mandatory referendum. General Municipal Law, …
https://www.osc.ny.gov/legal-opinions/opinion-98-19Opinion 97-13
… of fire commissioners, we note that section 217(c)(i) does not contain an express approval requirement. We also …
https://www.osc.ny.gov/legal-opinions/opinion-97-13Opinion 92-24
… This opinion represents the views of the Office of the State Comptroller at the time … Law, §60 and Public Officers Law, §70-a, because it is mailed as third class matter and does not have a paid … not be designated as an official newspaper. A town board is not required to designate an official newspaper, but if it …
https://www.osc.ny.gov/legal-opinions/opinion-92-24DiNapoli: Corporations to Disclose Political Spending
… New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (Fund), announced today that Goodyear Tire … with enhancing a company's profitability," DiNapoli said. "I applaud Goodyear and Nisource for agreeing to voluntarily …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-corporations-disclose-political-spendingFreedom of Information Law (FOIL)
… The Freedom of Information Law (“FOIL”), set forth in Article 6 of the Public Officers Law (§§84-90), is … 110 State Street Albany, NY 12236-0001 Fax: 518-473-8940 In Person: Written requests may be submitted in person at OSC’s main office at 110 State Street in Albany, …
https://www.osc.ny.gov/help/foilComptroller DiNapoli & A.G. Schneiderman Announce Guilty Plea of Nelson Rivera in Bid-rigging Case
… others to rig the bidding process for multi-million dollar public works contracts in Monroe County. Rivera today entered … years of probation, may never again serve as a New York public employee, must pay a $25,000 fine, and will give up … of Investigations and Division of Local Government and School Accountability. Assistant Attorneys General Mary …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-ag-schneiderman-announce-guilty-plea-nelson-rivera-bid-rigging-caseState Agencies Bulletin No. 1033
… Purpose To inform agencies of OSC’s automatic processing and to provide instructions to … to eligible employees in Bargaining Unit 68. Effective Date(s) Payments will be made in separate checks for the … Employees must have been on the payroll at the end of the pay period in which 11/1/10 falls. The Eligibility …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1033-2010-uniform-cleaning-and-maintenance-allowance-lifeguards