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DiNapoli: 26 School Districts in Fiscal Stress
… officials should remain vigilant and carefully consider how their budgeting decisions will affect their long-term fiscal condition and local taxpayers," DiNapoli … Department as of Dec. 29, 2017. Today's announcement does not include scores for the dependent school districts in …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-26-school-districts-fiscal-stressCUNY Bulletin No. CU-309
… that CUNY employees may now elect to participate in the New York State Deferred Compensation Plan. Background The … New York has approved the participation of the University’s employees in the State of New York’s Deferred Compensation … who currently administers the 457 Plan is Nationwide Retirement Solutions (NRS). Affected Employees All CUNY …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-309-cuny-employees-eligible-participate-new-york-state-deferredOversight and Monitoring of the Universal Pre-Kindergarten Program
… Objective To determine the adequacy of the New York City Department of Education’s (DOE) monitoring of … (UPK) programs’ compliance with applicable health, safety, and financial reporting requirements. Our audit scope covered … require buildings and classrooms used for UPK to be safe and to comply with applicable fire safety, health, and …
https://www.osc.ny.gov/state-agencies/audits/2019/06/07/oversight-and-monitoring-universal-pre-kindergarten-programState Agencies Bulletin No. 503
… higher grade or will receive a percentage increase in base pay determined as indicated below, whichever results in a higher salary. For purposes of this section, “base pay” shall now include any Performance Awards received during … a Promotion of: Apply an Increase of: One grade 3.0% Two grades 4.5% Three grades 6.0% Four grades 7.5% Five grades …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/503-calculating-base-salary-pef-employees-who-have-been-promotedOpinion 2007-7
… PUBLIC OFFICERS AND EMPLOYEES -- Retirement Benefits (reporting “days worked” for elected officials) STATE … This is in response to your inquiry regarding regulations applicable to the New York State and Local … and 334, which require the reporting of service and salary information by employers participating in the Retirement …
https://www.osc.ny.gov/legal-opinions/opinion-2007-7Tier 2, 3, 5 and 6 Death Benefits – New Career Plan
… between two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be … of the two death benefits; if you die after retirement, and meet the eligibility criteria, your beneficiary will … would receive a benefit equal to two years of your salary; and if you die after three or more years of service, your …
https://www.osc.ny.gov/retirement/publications/1515/tier-2-3-5-and-6-death-benefitsDiNapoli Announces Results of General Obligation Bond Sale
… scheduled to be delivered on March 15, 2018. The winning bids were as follows: Series 2018A Tax-Exempt Bonds to Wells … cost bid of 2.057387 percent. The state received ten bids for the $166.1 million of tax-exempt bonds. The net … Bonds will mature over 14 years. The state received twelve bids for the $36.7 million of taxable new money bonds. The …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-announces-results-general-obligation-bond-salePerformance of Duty Disability – New Career Plan
… retirement benefit within one year following the alleged incident or occurrence. Otherwise, you must have filed a written notice of the incident or occurrence with: The Retirement System within 90 days of the incident or occurrence; or Your employer within 30 days of …
https://www.osc.ny.gov/retirement/publications/1515/performance-duty-disabilityOrdinary Disability (Section 362) – New Career Plan
… must select an option for the payment of your disability benefits . Filing You, your employer or someone authorized … Are last paid on the payroll; Are last on an authorized medical leave of absence for up to two years (which may be … employment while receiving those benefits. … New Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 …
https://www.osc.ny.gov/retirement/publications/1515/ordinary-disability-section-362Borrowing Against Your Contributions – New Career Plan
… If you meet eligibility requirements, you may take a loan from … your contributions: You must be in active service and have one year of member service credit. You repay each … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsRetiring Before Age 62 – New Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their benefit reduced by the percentages shown below: Age at Retirement Percentage of Reduction 55 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 … New …
https://www.osc.ny.gov/retirement/publications/1515/retiring-age-62Contributing Toward Your Retirement – New Career Plan
… to the Retirement System. These contributions, plus the interest they earn, will provide you with an annuity … on January 9, 2010, and is still in effect on the date of membership, may not contribute. Tier 6 Members As a Tier 6 … on January 9, 2010, and is still in effect on the date of membership, may not contribute. … New Career Plan information …
https://www.osc.ny.gov/retirement/publications/1515/contributing-toward-your-retirementStay Informed – New Career Plan
… to retire. Subscribe to our blog, New York Retirement News , where you’ll find tools to help you understand your benefits, as well as important retirement news. Like us on Facebook and follow us on Twitter for quick … updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and …
https://www.osc.ny.gov/retirement/publications/1515/stay-informedOpinion 90-54
… distribution of benefits in matrimonial actions) DOMESTIC RELATIONS LAW, §236; RETIREMENT AND SOCIAL SECURITY … subject to the equitable distribution provisions of the Domestic Relations Law, and, therefore, may be paid by the … Internal Revenue Code (IRC) which provide for Qualified Domestic Relations Orders (QDRO's) (see ERISA, §4[b] and IRC, …
https://www.osc.ny.gov/legal-opinions/opinion-90-54Administration of Tenant Complaints
… New York State Homes and Community Renewal’s Office of Rent Administration addresses tenant complaints in a timely manner. Our audit period includes tenant-initiated …
https://www.osc.ny.gov/state-agencies/audits/2014/12/11/administration-tenant-complaintsCompliance With Payment Card Industry Standards
… 2016. Background The State University of New York (SUNY) is the largest comprehensive university system in the United … questionnaires. All industries that accept credit cards as a method of payment must comply with the Data Security Standards (DSS) established by the PCI Security Standards Council. The …
https://www.osc.ny.gov/state-agencies/audits/2016/06/08/compliance-payment-card-industry-standardsInfrastructure Inspection and Maintenance
… inspection scheduling procedures ensure that all high- and intermediate-importance structures are periodically … Key Recommendations Promptly conduct Inspections of any high- and intermediate-importance structures that have never … and effectiveness of the Inspection scheduling process for high- and intermediate-importance structures. Work with the …
https://www.osc.ny.gov/state-agencies/audits/2015/05/26/infrastructure-inspection-and-maintenanceSecurity Longevity/Anniversary Date Calculator
… Use the Security Longevity/Anniversary Date Calculator to determine the new longevity/anniversary date … and Bargaining Agreements for additional information. Calculator Instructions : Enter the First Date of Leave, … Date, and click Calculate . … Use this calculator to determine the new longevityanniversary date …
https://www.osc.ny.gov/state-agencies/payroll/security-longevity-calculatorXIV.7 Monitoring Payments Made to Vendors – XIV. Special Procedures
… charged to your Business Unit are correct. It will alert your staff to errors that may have been made when the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv7-monitoring-payments-made-vendorsXIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… governed by §98-a of the State Finance Law which provides in relevant part that all income received on any moneys … daily balance during the preceding month. Eligible funds will be credited STIP interest at the fund, project and … entries. In no instance shall interest in excess of what was considered earned to the fund or project be moved. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earnings