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DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… has helped build one of the nation’s strongest pension funds, but only with competitive compensation and additional … are in the bottom quartile for similar public pension funds. There is justifiable concern that current staff will … below the median salaries paid to staff at peer pension funds. This is the first review period entirely under the …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingOpinion 93-1
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … "shall possess the powers and perform the duties attached by law to the office of principal during a vacancy in such … of the office, the same as though appointed thereto by the governor ... He is entitled to the salary of the …
https://www.osc.ny.gov/legal-opinions/opinion-93-1Street Construction-Related Permits
… City Department of Transportation (DOT) ensures that all street construction permittees have complied with the … roadway construction permits that cover activities such as street openings, sidewalk construction, and installation of canopies over sidewalks. Street opening permits are required for excavations or other …
https://www.osc.ny.gov/state-agencies/audits/2022/06/13/street-construction-related-permitsDeath Benefits
… may be entitled to an ordinary death benefit. Up to $50,000 of this benefit is paid in the form of group term life … an on-the-job accident. The accidental death benefit is a pension payable to your spouse. Other beneficiaries, as … if that payment is less than one-half of your annual salary or if you do not qualify for an ordinary death benefit …
https://www.osc.ny.gov/retirement/members/death-benefitsBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… requirements and have member contributions in your account, you can take a loan from NYSLRS. If you aren’t … loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan balance, so you must have … minus any outstanding loan balance, so you must have an account balance of at least $1,334. If you joined on or after …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsComptroller DiNapoli Releases Municipal Audits
… fulfilled his duties. The treasurer was allowed to pay bills and make cash withdrawals without evidence of …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-0Street Construction-Related Permits (Follow-Up)
… nine recommendations included in our initial audit report, Street Construction-Related Permits (Report 2020-N-6 ). About … roadway construction permits that cover activities such as street openings, sidewalk construction, and installation of …
https://www.osc.ny.gov/state-agencies/audits/2025/04/10/street-construction-related-permits-followState Agencies Bulletin No. 2038
… (Earnings Code COM), and Premium Overtime (Earnings Code PRO), OSC’s manual processing of increases to Administrative … (Earnings Code COM), and Premium Overtime (Earnings Code PRO), these payments must also be increased. Effective Dates: The increases to Earnings Codes AMP, COM and PRO will be paid using the following effective dates and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2038-agency-police-services-unit-apsu-retroactive-increases-command-paymentSUNY Bulletin No. SU-353
… Purpose: The purpose of this bulletin is to provide agency instructions for processing the 2023 SUNY … Discretionary Salary Increase, agencies must submit a Pay Change on the Job Action Requests page using the Reason Code … Special Wage Payments for Individuals Who Filed for Retirement Social Security Benefits: Per Internal Revenue …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-353-2023-retroactive-salary-increases-and-2023-retroactiveSUNY Bulletin No. SU-349
… automatic processing of the July 2023 Increase to Location Pay and Location Mid-Hudson Pay and provide instructions for … automatically by OSC (see OSC Actions section for LOA Reason codes processed automatically). Return to the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-349-july-2023-increase-location-pay-and-location-mid-hudsonDiNapoli: One in Ten New York Households Suffer From Food Insecurity
… at some point between 2019-21, according to a report from State Comptroller Thomas P. DiNapoli. The report found that … of food insecurity were highest for households headed by single mothers at 24.3%, as well as households headed by … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-one-ten-new-york-households-suffer-food-insecurityNew York City Tourism Industry Hit Hard by Pandemic, Visitor Spending Drops by 73%
… in 2020 as 89,000 (31.4 percent) jobs were lost from 2019, when employment reached a record 283,200 jobs. DiNapoli said … 38.9 percent, lowering daily room rates. Through the third week of March 2021, occupancy in hotels had climbed to … Reigniting the Return Prior Industry Sector Reports The Restaurant Industry in New York City: Tracking the Recovery …
https://www.osc.ny.gov/press/releases/2021/04/new-york-city-tourism-industry-hit-hard-pandemic-visitor-spending-drops-73State Police Bulletin No. SP-208.1
… Laws of 2019 implements the 2018-2023 Agreement between New York State and NYSPIA, provides for a 2% salary increases … Schedule reflects the 2.00% increase and includes the new step for members with six (6) or more years of service. … Schedule reflects the 2.00% increase and includes the new step for members with six (6) or more years of service. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-2081-april-1-2020-and-april-1-2021-retroactive-salary-increases-stateState Police Bulletin No. SP-207.1
… No. SP-207 . Purpose The purpose of this bulletin is to inform the Division of State Police of OSC’s automatic … Officers in Bargaining Unit 17. Due to the Division of the Budget decision to defer the 2020 … Schedule. If an employee appears on this report but is due a salary increase, the agency must take the following …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-2071-april-1-2020-and-april-1-2021-retroactive-2-salary-increases-state-0State Agencies Bulletin No. 1922
… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the April … Time Entry Earnings Codes requiring a manual adjustment due to a retro salary increase. To process a retroactive … Checks When a valid payroll check is undeliverable due to the agency’s inability to locate the employee, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1922-april-2020-lifeguard-retroactive-2-salary-increase-state-universitySUNY Bulletin No. SU-367
… must report the adjustment amount for earnings such as Balance of Contract (Earnings Code BAL), Lump Sum Payment … 425 Repay State Loans/Debt 426 Higher Ed Repay State Loan 428 Dependent Care 433 Total Unemployment Ins Owed 442 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-367-2024-discretionary-increases-professional-servicesState Agencies Bulletin No. 2256
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the April … is eligible. Any additional adjustment that is required due to the increased biweekly stipend amount that will not be … Checks: When a valid payroll check is undeliverable due to the agency’s inability to locate the employee, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2256-april-2023-and-2024-retroactive-increases-location-pay-supplementalState Agencies Bulletin No. 2257
… Goal Balance: Leave blank Premium Overtime (Earnings Code PRO) Earnings Code: PRO Effective Date 2023 Increase: 03/30/2023 2024 … adjustments for Additional Pay Earnings Codes AMP, COM and PRO and for Time Entry earnings that are calculated by the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2257-april-2023-and-april-2024-retroactive-increases-premium-overtimeState Police Bulletin No. SP-251
… LQ_PCD_PAYCHECK_EARNINGS_BY_ID to identify a complete list of regular earnings and retroactive adjustments if there …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-251-april-2023-2024-and-2025-retroactive-increases-location-pay-longevityOpinion 2006-10
… Accounting (charging a portion of town engineer’s salary to special district); (crediting interest earned on the … LAW §11: In the absence of any statutory direction to the contrary, interest or earnings from the investment of monies of the general fund, town-wide would be credited to the general fund, town-wide and interest or earnings from …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10