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Retirement at Age 62 With Less Than 20 Years of Service – Article 14 Benefits
… service retirement benefit equals 2.1 percent of your FAS for each year of service credit. The benefit is reduced by 50 … Example: Retiring with 18 years of credited service and a $60,000 FAS Estimated primary Social Security benefit = … Annual Benefit — No Escalation Filing Your Application for Service Retirement (RS6037) must be on file with the …
https://www.osc.ny.gov/retirement/publications/1644/retirement-age-62-less-20-years-serviceMedicaid Program – Managed Care Premium Payments for Recipients With Comprehensive Third-Party Insurance
… through New York State of Health (NYSOH), New York’s online health insurance marketplace, and the remainder were …
https://www.osc.ny.gov/state-agencies/audits/2018/06/13/medicaid-program-managed-care-premium-payments-recipients-comprehensive-third-partyAvoiding the Fiscal Cliff: A Lesson in Budgeting and Financial Condition Analysis
This session will identify those concepts commonly misunderstood by local government managers and governing boards, help explain how to properly implement these concepts and ways to prevent pitfalls in the budgeting process.
https://www.osc.ny.gov/files/local-government/academy/pdf/fiscal-cliff-budgeting-041625.pdfDiNapoli: MTA’s Subway Station Repair List Is Growing
… made a concerted effort to fix crumbling platform edges after several passengers fell onto the tracks, but the share … needed repair in 2007). The number with serious problems (11 percent) went virtually unchanged from 2012 to 2017. … the lowest share of structural components in disrepair (24 percent), but only 8 (including 4 that recently opened) of …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-mtas-subway-station-repair-list-growingElectronic Reporting
… - no downloads required Secure communication - data is secure Complete and submit your report within 45 days once …
https://www.osc.ny.gov/unclaimed-funds/reporters/electronic-reportingMedicaid Program - Medicaid Managed Care Organization Fraud and Abuse Detection
… Purpose To determine if United HealthCare and Amerigroup made payments to ineligible health care providers and whether these managed … providers because many MCO encounter claims (totaling about $445 million) lacked certain information. Therefore, we …
https://www.osc.ny.gov/state-agencies/audits/2016/07/15/medicaid-program-medicaid-managed-care-organization-fraud-and-abuse-detectionCost-of-Living Adjustment – Police and Fire Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1512/cost-living-adjustmentCost-of-Living Adjustment – Non-Contributory Plan with Guaranteed Benefits
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1513/cost-living-adjustmentCost-of-Living Adjustment – Basic Plan with Increased-Take-Home-Pay (ITHP)
… you meet the eligibility requirements, including age and number of years retired, your retirement benefit will … (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten … allow for retirement, regardless of age, after a specific number of years); or Receiving a disability pension for five …
https://www.osc.ny.gov/retirement/publications/1511/cost-living-adjustmentCost-of-Living Adjustment – Career Plan
… for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1642/cost-living-adjustmentCost-of-Living Adjustment – New Career Plan
… the eligibility requirements, including age and number of years retired, your retirement benefit will permanently … subject to pension caps and limitations, is 50 percent of the previous year’s annual rate of inflation, but never … for ten or more years (generally applies to members in special plans that allow for retirement, regardless of …
https://www.osc.ny.gov/retirement/publications/1515/cost-living-adjustmentSocial Security Adjustment – Article 14 Benefits
… of your Social Security benefit based on public employment in New York State. It is determined using your wages for …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentEscalation – Article 14 Benefits
… each April at a rate equal to the increase or decrease in the cost-of-living index or 3 percent, whichever is less. … date, the rate of increase or decrease will be reduced by 1/36th. If you retire more than three years prior to the …
https://www.osc.ny.gov/retirement/publications/1644/escalationCost-of-Living Adjustment – State Police Plan
… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will … year. This cost-of-living adjustment (COLA) — subject to pension caps and limitations — is 50 percent of the previous year’s annual rate of inflation …
https://www.osc.ny.gov/retirement/publications/1518/cost-living-adjustmentLakeville No. 2 Fire District – Oversight of Financial Operations (2013M-25)
… purpose of our audit was to assess the oversight of the District’s financial operations for the period January 1, … to December 27, 2012. Background The Lakeville No. 2 Fire District is a district corporation of the State, distinct and separate from …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/05/17/lakeville-no-2-fire-district-oversight-financial-operations-2013m-25Elementary and Secondary Education – 2022 Financial Condition Report
… Significant Federal Aid Continues to Support New York Schools According to the Division of the … Act (ARP Act). Federal pandemic relief for K-12 education is expected to run through SFY 2024-25. In SFY 2021-22, $2 … spending rose 1.6 percent from the previous year and is 89 percent greater than the national average. Differences …
https://www.osc.ny.gov/reports/finance/2022-fcr/elementary-and-secondary-educationCompliance With Navigation Law
… and prevent recreational boating accidents and inform the public about recreational boating activity in the State. Key … the Boating Report may be less useful or misleading to the public regarding safety on the State’s waterways, and may …
https://www.osc.ny.gov/state-agencies/audits/2020/07/01/compliance-navigation-lawDiNapoli: MTA Budget Gaps Return
… vacancies and fewer available workers, although the MTA does offset some of the additional overtime cost with payroll … overtime costs will drop. The MTA’s financial plan also does not yet factor in recent uncertainty for funding of its …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnElementary and Secondary Education – 2021 Financial Condition Report
… School Buildings Shut Down in the Last Quarter of the 2019-20 School Year, and Have Been Granted Significant … Aid The COVID-19 pandemic resulted in a complete shutdown of school buildings in March 2020, with partial reopening … from last year. Student Performance Graduation and dropout rates improved in the State during the first wave of COVID-19 …
https://www.osc.ny.gov/reports/finance/2021-fcr/elementary-and-secondary-educationRisk Assessment and Implementation of Measures to Address Extreme Weather Conditions (2021-S-27)
To determine whether the Metropolitan Transportation Authority (MTA) – New York City Transit (Transit) identified potential damage to its system and developed plans to mitigate the effect of extreme weather conditions and flooding. We also determined whether the MTA tested/updated the plans and ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s27.pdf