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Investment of Retirement Funds
… (Jackson) – Permits investment of retirement funds in mortgages guaranteed by New York state homes and community … Bill Text Status … Permits investment of retirement funds in mortgages guaranteed by New York state homes and community …
https://www.osc.ny.gov/legislation/investment-retirement-fundsAccounts Payable Advisory No. 40
… Units must always use the invoice and distribution lines in the Statewide Financial System (SFS) Guidance: Guide to … Charges has been added, with the following information: In order to account for payments properly, Business Units … use the Invoice and Distribution Lines of the voucher in the SFS. No lines in the Balancing section of the voucher …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/40-misc-charge-amount-field-balancing-sectionState Agencies Bulletin No. 809
… Purpose To explain the phase-in period, processing changes and revisions to the TIAA/CREF Suspense/NRI page in PayServ Affected Employees Employees who are members of … 7Z (TIAA/CREF) with ten (10) or more years of membership in the ORP Effective Date(s) Paychecks dated April 2, 2008 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/809-elimination-mandatory-employee-contribution-members-optional-retirementState Agencies Bulletin No. 1325
… To inform agencies that Position Pools and/or Cost Centers in PayServ may require updates for lapsing. Affected … to contact to their Appropriation Section Representative in OSC’s Bureau of State Accounting Operations to have this information corrected in SFS. Any changes to cost center mapping in SFS will need …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1325-updating-payserv-cost-centers-june-lapsing-eventsHow the Program Works – Contribution Stabilization Program
… deficiencies, previous amortizations, incentive costs and prior years’ adjustments. NYSLRS establishes graded rates … fixed rate securities of appropriate duration held by the New York State Common Retirement Fund (Fund). That rate of return will …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksOverview – Enhanced Reporting
… the manual reporting process using the Reporting Dashboard in Retirement Online . You may use either method; one method … accepts regular reports, adjustments and enrollments all in one file. Use our Enhanced Reporting Excel Tool to format … Online . Rev. 2/23 … NYSLRS employers can submit reports in Retirement Online as a file or through the manual online …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/reporting-formats/overviewXI.2.D Vendor Name on Contractual Agreements – XI. Procurement and Contract Management
… alternative name or alias (e.g. Doing Business As “DBA”) for a contractor in a contractual agreement. Should an … agreement must include both the contractor’s legal name and the alternative name or alias. Process and Document … Tax Identification Number. In most cases, the Vendor ID for contracts and purchase orders will be a Regular Vendor …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2d-vendor-name-contractual-agreementsDiNapoli: State’s Financial Plan Reflects a Bleak Economic Outlook
… Budget Financial Plan anticipates a dire fiscal outlook in State Fiscal Year (SFY) 2020-21 and projects sweeping … from Aid to Localities spending, while large reductions in funding for State Operations are also planned. School children and college students, people living in poverty, individuals with disabilities, and aging New …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-states-financial-plan-reflects-bleak-economic-outlookABLE Residency
… State residency requirement for designated beneficiaries in the New York ABLE program. Memo Bill Text Status … … State residency requirement for designated beneficiaries in the New York ABLE program …
https://www.osc.ny.gov/legislation/able-residencyWarwick Valley Central School District - Professional Services (2019M-139)
… complete report - pdf] Audit Objective Determine whether the District procured professional services in accordance with Board policies and … seek competition for professional services from four of the 12 professional service providers reviewed. These …
https://www.osc.ny.gov/local-government/audits/school-district/2019/09/20/warwick-valley-central-school-district-professional-services-2019m-139Village of Andover – Water and Electric Cash Receipts (2019M-152)
… and electric cash receipts were recorded and deposited in a timely and accurate manner. Key Findings We reviewed … and found that they were properly recorded and deposited in a timely manner. However, the Board has not established … action. Appendix B includes our comment on an issue raised in the Village’s response. … Determine whether water and …
https://www.osc.ny.gov/local-government/audits/village/2019/10/25/village-andover-water-and-electric-cash-receipts-2019m-152Village of Bainbridge - Conflict of Interest (2019M-72)
… that Village officials did not have prohibited interests in Village contracts. Key Finding Trustee and his spouse are … Board, the Trustee had a prohibited conflict of interest in Village contracts with the hardware store. He received a … procedures to help detect and prevent prohibited interests in contracts. Village officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/village/2019/06/28/village-bainbridge-conflict-interest-2019m-72EDSS - Revenue Contract / Amendment Help
… in EDSS you can use the Search function located in the menu of the Home Page. If you are unable to locate your …
https://www.osc.ny.gov/state-agencies/contracts/edss-revenue-contract-amendment-helpTown of North Collins - Recreation Department Cash Receipts (2020M-68)
… (Department) cash receipts were recorded and deposited in a timely and accurate manner. Key Findings The … confirming all funds collected were recorded and deposited in a timely and accurate manner. Key Recommendations Adopt … Department cash receipts were recorded and deposited in a timely and accurate manner …
https://www.osc.ny.gov/local-government/audits/town/2020/07/24/town-north-collins-recreation-department-cash-receipts-2020m-68State Agencies Bulletin No. 127
… Purpose To inform agencies of two new deduction codes for employees in the Public Employees … for Administration payroll Background Information Two new deduction codes have been established for PEF employees: 395 … Office at 1-800-342-4306. … To inform agencies of two new deduction codes for employees in the Public Employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/127-new-voluntary-insurance-codes-pefState Agencies Bulletin No. 1017
… New York State employees are considered covered and will have the Retirement Plan check box checked on their 2010 Form … According to IRS Active Participant Rules (Notice 87-16, I.R.B. 1987-5), employees receiving retirement benefits from … Publication 590, limits on the amount that can be deducted do not affect the amount that can be contributed. OSC Actions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1017-retirement-plan-check-box-form-w-2State Agencies Bulletin No. 435
… Purpose To provide notification of a change in the manager of the New York State College Savings Program. Affected Employees Employees who participate in the College Savings Program. Background Upromise … 13, 2003, TIAA will no longer accept new enrollments in the program but will continue to service the toll-free …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/435-change-manager-nys-college-savings-programState Agencies Bulletin No. 267
… Purpose To advise agencies of a decrease in the supplemental wage flat withholding rate … payment in PaySR. Tax Tables To request a copy of the 15T- New Withholding Tables for 2001, contact the IRS at the toll … to view this publication. Effective Date(s) New rates will be reflected in the Institution checks …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/267-supplemental-wage-flat-withholding-rate-decreaseEdgemont Union Free School District – Information Technology (2024M-37)
… and Eight service accounts. Develop written procedures for adding, modifying or disabling nonstudent network user … Key Recommendations Ensure that written procedures for disabling network user account access are implemented and …
https://www.osc.ny.gov/local-government/audits/school-district/2024/11/08/edgemont-union-free-school-district-information-technology-2024m-37EDSS - Procurement Contract / Amendment Help
… Procurement Contract / Amendment will need to be created in the State Financial System (SFS) first. Please use the appropriate audit type in SFS based on the chart below. EON Electronic – … Non-Quick EBV Electronic – Best Value (RFP) In EDSS, you can search by the Audit ID or PeopleSoft ID to …
https://www.osc.ny.gov/state-agencies/contracts/edss-procurement-contract-amendment-help