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Opinion 2003-3
… issues discussed in the opinion. FIRE DISTRICTS -- Powers and Duties (maximum benefit under defined benefit service … plan service award program cannot exceed a monthly payment for life of twenty dollars for each year of firefighting … a maximum of forty years of firefighting service. A fire district may not establish a defined benefit plan service …
https://www.osc.ny.gov/legal-opinions/opinion-2003-3State Agencies Bulletin No. 1004
… Election Date field on the Retirement Plans panel. This new special accumulator total will be utilized during the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1004-tier-5-pensionable-overtime-earnings-limit-employees-enrolled-new-yorkState Agencies Bulletin No. 1005
… Election Date field on the Retirement Plans panel. This new special accumulator total will be utilized during the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1005-tier-5-pensionable-overtime-earnings-limit-employees-enrolled-new-yorkCampbell-Savona Central School District -- Budget Review (B2-14-11)
… the significant revenue and expenditure projections in the District’s tentative budget for the 2014-15 fiscal … totaling $3,250,000 to liquidate the accumulated deficit in the District’s general fund as of June 30, 2006. Local … projection. District officials underestimated State aid in the 2014-15 tentative budget by almost $680,000. We …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/24/campbell-savona-central-school-district-budget-review-b2-14-11Wyandanch Union Free School District – Budget Review (B21-7-1)
… of Budget Review The purpose of our budget review was to provide an independent evaluation of the proposed 2021-22 … by Chapter 56 of the Laws of 2020, authorized the District to issue serial bonds in an aggregate principal amount not to exceed $4.5 million, to liquidate the accumulated deficit …
https://www.osc.ny.gov/local-government/audits/school-district/2021/04/09/wyandanch-union-free-school-district-budget-review-b21-7-1Village of Suffern – Budget Review (B25-6-4)
… operating deficits to submit to the State Comptroller each year, starting with the fiscal year during which the local government is authorized to issue … the deficit obligations, and for each subsequent fiscal year during which the deficit obligations are outstanding, …
https://www.osc.ny.gov/local-government/audits/village/2025/04/11/village-suffern-budget-review-b25-6-4State Agencies Bulletin No. 1992
… The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the April 2020 and 2021 PEF LLS … of the LLS direct deposit will be the same as an employee’s regular paycheck. The retroactive LLS payments will be … Next of Kin Affidavit ( Form AC 934-P ), original death certificate and a Report of Check Exchange ( Form AC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1992-public-employees-federation-pef-retroactive-longevity-lump-sum-llsDiNapoli: With 2 Million People Fishing and Hunting in the State, New York Ranks Third Nationwide
… more than one-third of the county’s population. Fishing is the most popular, with two-thirds of New York participants …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-2-million-people-fishing-and-hunting-state-new-york-ranks-third-nationwideCity of Glen Cove -- Budget Review (B17-7-12)
… Local Finance Law requires all local governments that have been authorized to issue obligations to fund operating … and recreation fund. These three funds are projected to have a combined unassigned fund surplus of $448,951 by 2017 …
https://www.osc.ny.gov/local-government/audits/city/2017/10/13/city-glen-cove-budget-review-b17-7-12State Comptroller DiNapoli Statement on New York City's November Budget Update
… monies in its Revenue Stabilization Fund in Fiscal Year 2022 when revenues significantly exceeded projections. A … of pension returns falling below projections in Fiscal Year (FY) 2022, offset in part by savings though the Program … as a material risk to its budget in the current fiscal year, and which could create spending pressure in the …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-updateStatement From NY State Comptroller Thomas P. DiNapoli on Mayor's November Financial Plan Update
… Thomas P. DiNapoli released the following statement today regarding the update to the city's Financial Plan: … of $2 billion per year beginning in FY 2025. “The good news in the financial plan update is that revenues have … on its efforts to stay a place where people want to live, work and invest. Economic growth will support revenue …
https://www.osc.ny.gov/press/releases/2023/11/statement-ny-state-comptroller-thomas-p-dinapoli-mayors-november-financial-plan-updateOverview – What Every Employer Should Know
… employer, you pay your share of the annual cost of your employees’ future benefits. NYSLRS’ Actuary must ensure that … invoice of your annual contributions for the current State fiscal year (April 1 – March 31). Every November, we … most recently completed fiscal year. Annual contribution rates also play a major role in the total amount of your …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-rates/overviewComptroller's NYS Common Retirement Fund Responsibilities
As the sole trustee responsible for the New York State Common Retirement Fund Fund Comptroller DiNapoli is directly accountable for its performance oversight and management The sole trustee model also enables him to act quickly to respond to market changes and to protect the Fund
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesAverill Park No. 2 Fire District – Controls Over Financial Activity (2014M-183)
… through March 31, 2014. Background The Averill Park No. 2 Fire District is a district corporation of the State, … which is governed by an elected five-member Board of Commissioners, serves a population of approximately 3,500. …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/09/26/averill-park-no-2-fire-district-controls-over-financial-activity-2014m-183Limitations – State Police Plan
… in your pension calculation. Tier 2 If the earnings in any year included in the FAE period exceed the average of the … is excluded from your FAE. Tier 5 If the earnings in any year included in the FAE period exceed the average of the … is excluded from your FAE. Tier 6 If the earnings in any year included in the FAE period exceed the average of the …
https://www.osc.ny.gov/retirement/publications/1518/final-average-earnings/limitationsState Agencies Bulletin No. 2247
… the 2024 pensionable overtime earnings limit for Tier 6 TRS members. Affected Employees: Tier 6 members of TRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2247-tier-6-pensionable-overtime-ot-earnings-limit-plan-year-2024-employeesState Agencies Bulletin No. 2141
… of the 2023 pensionable overtime earnings limit for Tier 6 TRS members. Affected Employees: Tier 6 members of TRS Plan Type 86 are affected. Background: The OT limit for … earnings limit for plan year 2023 to $19,729.00 for Tier 6 TRS members. Questions: Questions regarding this bulletin may …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2141-tier-6-pensionable-overtime-ot-earnings-limit-plan-year-2023-employeesState Agencies Bulletin No. 1885
… 6 Employee Retirement System (ERS) members for calendar year 2021 is $17,301.00. Affected Employees Employees who are … of the Laws of 2018, the OT cap increases each calendar year. The amount of the increase is based on the increase in the Consumer Price Index of the previous year. Effective Dates Effective beginning Administration …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1885-tier-6-pensionable-overtime-earnings-limit-calendar-year-2021-employeesState Agencies Bulletin No. 1569
… of OSC’s automatic processing of the April 2017 M/C Performance Advances and provide instructions for payments not processed automatically. Affected Employees … paid using the following effective dates and check dates: Pay Cycle/Pay Period Type Payment Effective Date Check Date …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1569-april-2017-managementconfidential-mc-performance-advancesState Agencies Bulletin No. 1484
… of OSC’s automatic processing of the April 2016 M/C Performance Advances and provide instructions for payments not processed automatically. Affected Employees … paid using the following effective dates and check dates: Pay Cycle/Pay Period Type Payment Effective Date Check Date …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1484-april-2016-management-and-confidential-mc-performance-advances