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Borrowing Against Your Contributions – Police and Fire Plan
… your annuity reduction will be based on your age, the loan balance at retirement and type of retirement (service or … much your reduction would be. How Much You Can Borrow The minimum loan is $25. The maximum loan is 75 percent of your annuity savings contribution balance, minus any outstanding loan …
https://www.osc.ny.gov/retirement/publications/1512/borrowing-against-your-contributionsBorrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… in case you die before repaying them. Note: If you retire with an outstanding loan, the annuity portion of your … in case you die before repaying them. Note: If you retire with an outstanding loan, your retirement benefit will be … is available on the loan application). You have a loan with a deferred compensation (457) or tax-sheltered annuity …
https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributionsBorrowing Against Your Contributions – State University Police Plan
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1823/borrowing-against-your-contributionsBorrowing Against Your Contributions – En-Con Police Officers Plan
… loan balance at retirement. The approximate reductions are for calendar year 2017. The amount of the reduction changes … that causes your loan to exceed the federal limits for nontaxable loans. Exceeding these limits could result in significant tax consequences for you. You do not make the required payments on your loan …
https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributionsBorrowing Against Your Contributions – Regional State Park Police Plan
… If you meet eligibility requirements, you may take a loan from NYSLRS. Tier 1 and 2 Members The following … examples of how much your reduction would be. How Much You Can Borrow The minimum loan is $25. The maximum loan is 75 … type of retirement (service or disability). How Much You Can Borrow The minimum loan is $1,000. If you joined NYSLRS …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsOpinion 88-51
… (procedure for abolition of); (use of moneys for dredging lake) GENERAL MUNICIPAL LAW, §§6-c(1)(b), 6-d: Moneys in a … repair reserve fund may be expended for the dredging of a lake if the work is intended to restore the lake to its original condition and need not be undertaken …
https://www.osc.ny.gov/legal-opinions/opinion-88-51Opinion 95-12
… ask whether a municipality and an industrial development agency (IDA) may deposit or invest their funds with a State … are applicable to deposits and investments of funds for an agency's own use and account). Section 10(2)(a) of the … Whether a municipality and an industrial development agency IDA may deposit or invest their funds with a State or …
https://www.osc.ny.gov/legal-opinions/opinion-95-12Hiring Public Retirees – When Employees Retire
… not find any available qualified non-retired persons. The hiring must also be considered temporary, rather than a final … systems. Be sure to read our Tips and Tricks for hiring a retiree in the Resources section of our Enhanced …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesNew York State Pension Fund Sets 2040 Net Zero Carbon Emissions Target
… a goal to transition its portfolio to net zero greenhouse gas emissions by 2040. This process will include completion … develop minimum standards for investments in shale oil and gas. Those will be followed by; integrated oil and gas; other oil and gas exploration and production; oil and …
https://www.osc.ny.gov/press/releases/2020/12/new-york-state-pension-fund-sets-2040-net-zero-carbon-emissions-targetOpinion 96-6
… to procurement of insurance) GENERAL MUNICIPAL LAW, §§104-b, 800(3): A town supervisor who places insurance through … We reached this conclusion relying on former Town Law, §104 and former Penal Law, §1868 which essentially prohibited … is subject to the requirements of General Municipal Law, §104-b. Section 104-b requires a town to adopt written …
https://www.osc.ny.gov/legal-opinions/opinion-96-6XI.4.A Not-for-Profit Prompt Contracting – XI. Procurement and Contract Management
… Article XI-B (The Prompt Contracting Law) to the State Finance Law, promoting prompt contracting with not-for-profit … to State agencies regarding Article XI-B of the State Finance Law, specifically: Determining when prompt … program plan to Division of the Budget (DOB), Senate Finance and Assembly Ways and Means. Not more than 45 days …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4a-not-profit-prompt-contractingState Agencies Bulletin No. 1730
… not processed automatically Affected Employees Employees in the following bargaining units who meet the eligibility … Eligibility Criteria Performance Advance Employees in graded positions (Grade 101-125) and NS positions (Grade … Security Performance Advance, provided the employee: Is in a BU01, BU21, BU31, BU61 or BU91 position on the payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1730-april-2019-security-performance-advancesMalta Ridge Volunteer Fire Company, Inc. - Controls Over Financial Operations (2014M-178)
… January 31, 2014. Background The Malta Ridge Volunteer Fire Company Inc. is a not-for-profit organization which is … in the Town of Malta, in Saratoga County, and provides fire protection to residents of the Town, except those … Malta Ridge Volunteer Fire Company Inc Controls Over Financial Operations 2014M178 …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2014/09/12/malta-ridge-volunteer-fire-company-inc-controls-over-financialCity of Auburn – Hydroelectric Power Operations and Software Management (2017M-99)
… 2015 through March 9, 2017. Background The City of Auburn is located in Cayuga County and has a population of approximately 28,000. The City, which is governed by the City Council, operates and maintains a … of services for the benefit of its residents, one of which is hydroelectric power. Budgeted appropriations for the …
https://www.osc.ny.gov/local-government/audits/city/2017/12/15/city-auburn-hydroelectric-power-operations-and-software-management-2017m-99Greenburgh Central School District – Payroll and Reserve Funds (2016M-242)
… for the 2015-16 fiscal year totaled approximately $65 million. Key Findings District officials have not provided …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/23/greenburgh-central-school-district-payroll-and-reserve-funds-2016m-242Clarence Central School District – Financial Condition (2016M-128)
… July 1, 2012 through February 18, 2016. Background The Clarence Central School District is located in the Towns of Amherst, Clarence, Lancaster and Newstead in Erie County. The … Clarence Central School District Financial Condition 2016M128 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/clarence-central-school-district-financial-condition-2016m-128Fishers Island Waste Management District -- Purchasing (2015M-292)
… purchasing policy does not require the use of competitive bidding for any purchases. District officials did not always … officials did not always use vendors who provided the best price and did not provide adequate documentation to support … it is in compliance with statutory competitive bidding rules. Comply with the purchasing policy and statutory …
https://www.osc.ny.gov/local-government/audits/district/2016/01/29/fishers-island-waste-management-district-purchasing-2015m-292Bayport-Blue Point Union Free School District – Leave Accruals (2015M-202)
… March 31, 2015. Background The Bayport-Blue Point Union Free School District is located in the Town of Islip, Suffolk … BayportBlue Point Union Free School District Leave Accruals 2015M202 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/11/22/bayport-blue-point-union-free-school-district-leave-accruals-2015m-202Town of Louisville – Water User Charges (2015M-44)
… to customer accounts. Three users have administrative rights in the computerized water billing system which allow … adequate segregation is not practical. Review user access rights and ensure that individuals are assigned only those rights needed to perform their job duties. Review and approve …
https://www.osc.ny.gov/local-government/audits/town/2015/06/05/town-louisville-water-user-charges-2015m-44Town of Boonville – Claims Auditing and Conflict of Interest (2014M-373)
… through June 30, 2014. Background The Town of Boonville is located in Oneida County, has a population of approximately 4,600 residents and is governed by an elected five-member Town Board. Budgeted … thorough audits are conducted and that each claim approved is properly supported by original invoices, follows …
https://www.osc.ny.gov/local-government/audits/town/2015/03/06/town-boonville-claims-auditing-and-conflict-interest-2014m-373