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State Agencies Bulletin No. 2142
The purpose of this bulletin is to notify agencies of the 2023 plan year maximum salary limit and pensionable overtime earnings limit for Tier 5 TRS members
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2142-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 2251
… Purpose: The purpose of this bulletin is to notify agencies of the 2024-25 school year maximum salary limit and pensionable … 5 members of TRS Plan Type 86 are affected. Background: In accordance with Section 415 of the Internal Revenue code, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2251-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitState Agencies Bulletin No. 2351
… limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: Tier 5 members of TRS Plan Type 86 are affected. Background: In accordance with Section 415 of the Internal Revenue code, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2351-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limitVII.2 Miscellaneous Receipts / Accounts Receivable Receipts Overview – VII. State Revenues and Appropriated Loan Receivables
… Financial System (SFS) after a deposit is made to the State’s General Checking Account (GCA). The following types of cash … agency to transfer customer AR Items from one customer to another customer. These transactions do not require OSC- BSAO …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii2-miscellaneous-receipts-accounts-receivable-receipts/overviewOpinion 89-36
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Funds … requirements either to establish a capital reserve fund for a specific capital improvement or to expend moneys from a capital reserve fund established for a type of capital improvement for a specific improvement, …
https://www.osc.ny.gov/legal-opinions/opinion-89-36Accounts Payable Advisory No. 51
… Subject : New section to provide guidance to assist agencies in determining whether claims for payment … where the reviewer can obtain supporting information; and how to evaluate the supporting information. Please refer to …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/51-supporting-informationCounty of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition (2021M-38)
… The Board decided this was not in County residents’ best interest due to cost and environmental factors. A lack …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/02/11/county-otsego-industrial-development-agency-coida-oneontaXI.18 Overview – XI. Procurement and Contract Management
… York State procurement processes. Legislative requirements with a narrow focus on a specific procurement process or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18-overviewOpinion 88-50
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Fund (use … storage tank) GENERAL MUNICIPAL LAW, §6-c: Whether moneys in a capital reserve fund may be expended to fix dents and … means "to construct again, to rebuild, to remodel, to form again or renew" (see also 4 Opns St Comp, 1948, p 484). …
https://www.osc.ny.gov/legal-opinions/opinion-88-50State Agencies Bulletin No. 292
… processing and taxation of educational assistance benefits for 2001 Affected Employees Employees who received a taxable … Central Accounting System. Agency Reporting Reimbursement for courses processed through the Central Accounting System … the taxable value into PaySR on the TIME ENTRY panel or report the transaction on the MISCELLANEOUS PAYMENTS FILE. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/292-educational-assistance-benefits-agency-time-entryXI.12.C Surety Takeovers – XI. Procurement and Contract Management
… provisions that require a surety to complete or arrange for completing the contract should the original contractor … transaction in the SFS, the agency must select an Audit Type in the SFS that does not require OSC audit. For … an amendment transaction using the appropriate Audit Type. Users must identify the transaction as a surety …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12c-surety-takeoversPerformance of Industrial Development Agencies in New York State - 2021 Annual Report
This report summarizes data for fiscal year 2019, the most recent data reported by IDAs through the Public Authorities Reporting Information System (PARIS). The report also contains a brief discussion of local development corporations (LDCs), a related type of local authority.
https://www.osc.ny.gov/files/local-government/publications/pdf/ida-performance-2021-annual-report.pdfState Comptroller DiNapoli Releases Year-End Accomplishments
… Retirement Fund reached an all-time high of $160.7 billion in 2013, State Comptroller Thomas P. DiNapoli noted today in a release summarizing his office’s major accomplishments in 2013. Other notable highlights include several convictions …
https://www.osc.ny.gov/press/releases/2014/01/state-comptroller-dinapoli-releases-year-end-accomplishmentsGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… by the Governor during his 2018 State of the State address in January. The panel will advise the Comptroller, as trustee … New York will continue to take bold action to invest in the use of renewable resources, support the growth of … on how best to decarbonize the pension fund in a way that will secure retirement for hardworking New …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelOpinion 2000-23
… or statutory amendments that bear on the issues discussed in the opinion. POLICE AND POLICE PROTECTION -- Police Chief … unit, receives a 4% pay increase, and other officers in the bargaining unit receive a 4% increase plus an … increase pursuant to General Municipal Law §207-m. We are in receipt of your letter concerning the entitlement to a …
https://www.osc.ny.gov/legal-opinions/opinion-2000-23DiNapoli: Former Ulster County BOCES Criminal Justice Teacher Arrested for Defrauding the NYS Pension System Out of Over $157,000
… “Sciacca allegedly forged documents in an attempt to scam the pension system of over $157,000,” DiNapoli said. “I will continue to aggressively root out anyone trying to … Attorney Clegg and the State Police for partnering with my office in our work to protect the resources of the New …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-former-ulster-county-boces-criminal-justice-teacher-arrested-defrauding-nys-pension-systemVoluntary Compliance Agreement (VCA) Instructions
Use the new reduced reach back period on all VCAs signed after January 1, 2017. Reduce the reach back on any General Ledger type property, to property first rep
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/vca-instructions.pdfNY State Comptroller DiNapoli Doubles Low Emissions Index Investment to $4 Billion
New York State Comptroller Thomas P DiNapoli today at the Investor Summit on Climate Risk at the United Nations announced a $2 billion increase to the New York State Common Retirement Funds Fund low emissions equities index doubling its investment
https://www.osc.ny.gov/press/releases/2018/01/ny-state-comptroller-dinapoli-doubles-low-emissions-index-investment-4-billionXI.2 Comptroller Approval of Contracts and General Contracts Processing – XI. Procurement and Contract Management
… under Section 112 of the State Finance Law, for the pre-audit of certain State contracts. This section … must be approved by OSC. It also provides general policies and procedures for submission of contract-related … status of their transactions submitted through the EDSS in real time, including Approvals, Non-Approvals or Requests for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2-overviewDiNapoli: NYC Metro Transportation Costs Rose 56% Over Past Decade, Slower Than Other Major Areas
… Transportation costs for households in the New York City metropolitan area grew by about 56% between 2012-13 and …
https://www.osc.ny.gov/press/releases/2024/09/draft-dinapoli-nyc-metro-transportation-costs-grew-slower-other-major-cities-still-rose-29-percent