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State Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… “The In-State Private Equity Investment Program is proof that investing strategically in New York companies … our local economies.” The In-State Private Equity Program is designed to meet fiduciary standards and provide … Graycliff Partners visit http://www.graycliffpartners.com/ . About the Common Retirement Fund New York State …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… said. “While the reduction in employer contribution rates is welcome news for taxpayers, our investment decisions are always made based on what is best for our 1.1 million working and retired members and … contributions for Feb. 1, 2023 are $4.4 billion, which is $1.5 billion less than the expected employer contributions …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: NYC Transit Must Ensure Cameras and Security Equipment Are Maintained and in Working Order
… Thomas P. DiNapoli found. “The MTA’s security equipment is vital to riders’ personal safety and critical to Transit … and incidents of crime,” DiNapoli said. “The subway is an environment that demands CCTVs and other devices get … equipment—cleaning, testing and inspecting—to ensure it is working properly and to prevent failures. Auditors looked …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-transit-must-ensure-cameras-and-security-equipment-are-maintained-and-working-orderDue Diligence for Companies Holding Abandoned Funds
… to New York State. This process, called due diligence, is not only required by the New York State Abandoned Property Law (APL), but is good customer service. Requirements in addition to the … diligence requirements 90 days before your final report is due Send a notice by first class mail to every person or …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsCUNY Bulletin No. CU-720
… Purpose The purpose of this bulletin is to inform agencies of the processing of the 2021 Prepaid … 300 in Bargaining Unit S6 Note : The Zip Code criteria is only applicable to members of District Council 37. … Medicare tax deficiency deductions for any employee who is inactive at the time the benefit is applied. As a result, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-720-prepaid-legal-service-benefit-cuny-employeesState Agencies Bulletin No. 1892
… Purpose The purpose of this bulletin is to inform agencies of the updated IRS (Internal Revenue … tax on the wages of nonresident alien (NRA) employees is subject to an additional withholding amount that is added to NRA employees’ wages for calculating Federal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1892-summary-tax-related-changes-2021Update Your Contact Information
… you must submit a change of address directly to us . This is especially important if you are a retiree receiving your … to Update Your Contact Information Retirement Online is the fast and convenient way to view and update your … in Retirement Online or when your Member Annual Statement is available online in May. Sign in to Retirement Online. …
https://www.osc.ny.gov/retirement/update-your-contact-informationLife Changes: What If I Work After Retirement?
… affected. If you still have questions or concerns, please contact us . As always, my staff and I are here to help. … retirement benefit. Please read this booklet carefully and contact us before returning to work if you have questions. … you expect to earn more than the limit and your daytime phone number in case we have questions. Note: School …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-work-after-retirementOpinion 92-28
… Interest earned on the investment of library fund moneys is credited to the library fund. (2) A school district should … after receipt. (4) Interest on such tax anticipation notes is a charge for which the school district, and not the library, is liable. However, it is permissible for the library, in its …
https://www.osc.ny.gov/legal-opinions/opinion-92-28Opinion 99-8
… TOWN LAW, §§30(1), 63, 64(11-b), 116(13); MUNICIPAL HOME RULE LAW, §10(1)(ii)(a)(9-a); PUBLIC OFFICERS LAW, … may initiate such a subscription service pursuant to its home rule authority. Municipal Home Rule Law, §10(1)(i) authorizes local governments to …
https://www.osc.ny.gov/legal-opinions/opinion-99-8XI.18.G Workers’ Compensation Coverage and Debarment – XI. Procurement and Contract Management
… violation of Workers’ Compensation laws Section 52 or 131, is barred from bidding on, or being awarded, any public work … or public body 2 for one year for each violation. The ban is five years for each felony conviction. PROOF OF COVERAGE … Insurance issued by private insurance carriers, or Form U-26.3 issued by the State Insurance Fund 3 ; or Form SI-12 4 – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18g-workers-compensation-coverage-and-debarmentUnified Court System Bulletin No. UCS-298
… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the … the April 2021 UCS Longevity Bonus provided the employee: Is in an eligible bargaining unit on 04/01/2021; and Has a … Has a Pay Basis Code of ANN or BIW (only if the employee is on a Paid Military Stipend Leave) on 04/01/2021; and Has …
https://www.osc.ny.gov/node/126261SUNY Bulletin No. SU-312
… Purpose The purpose of this bulletin is to explain OSC’s automatic processing and provide agency … effective prior to 08/19/2021. The Contract Begin Date is 08/19/2021 and the Contract End Date is 06/08/2022. Automatic Population of Contract Pay Page The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-312-2021-restoration-contract-pay-and-additional-pay-suny-21pSUNY Bulletin No. SU-269.1
… wages to fund the program. Paid Family Leave coverage is funded by employee payroll deductions. State employees who … represented by a union may be covered if Paid Family Leave is collectively bargained. Complete details on Paid Family … for PFL waivers, and upon determining that an employee is no longer eligible for a waiver, the agency must advise …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-2691-new-york-state-paid-family-leave-program-unitedUnified Court System Bulletin No. UCS-306
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the … the April 2022 UCS Longevity Bonus provided the employee: Is in an eligible bargaining unit on 04/01/2022; and Has a … Has a Pay Basis Code of ANN or BIW (only if the employee is on a Paid Military Stipend Leave) on 04/01/2022; and Has …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-306-april-2022-unified-court-system-ucs-longevity-bonus-jloSUNY Bulletin No. SU-223
… using the Reason code CRT (Chg Rate) if the Pay Basis Code is HRY or BIW or the Reason code CSL (Cor Sal) if the Pay Basis Code is ANN and the updated salary for each row, provided the … adjustment may be incorrect. Therefore, the agency is responsible for identifying employees who meet the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-223-july-2015-state-university-new-york-suny-management-andDiNapoli: City of Corning's Economic Development and Smart Growth Initiatives Build on Stable Fiscal Picture
… last several years,” DiNapoli said . “The fiscal picture is stable, with the city actively growing its reserve funds … of life for its residents.” “This “snapshot” of our city is another significant example of how the Office of the New York State Comptroller is prioritizing support for local municipalities,” said …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-city-cornings-economic-development-and-smart-growth-initiatives-build-stable-fiscal-pictureComptroller DiNapoli Releases Municipal Audits
… which they were entitled. Although the county Legislature has adopted policies and procedures related to the … enforcement is handled at the departmental level and has resulted in inconsistencies in the approval of overtime, …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-auditsDiNapoli and Schneiderman Announce Arrest in $87K Contractor Theft
… credits and other expenses. DiNapoli also announced he is rejecting a $133,860 extension of a related contract due … health,” said Attorney General Eric Schneiderman. “This is an egregious abuse of public funds, and our latest joint … are held accountable.” Dunkel, 45, of Latham, who is executive director of the American Academy of Pediatrics, …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-and-schneiderman-announce-arrest-87k-contractor-theftDiNapoli: SUNY Downstate Failed to Get Its Money's Worth From Cost-Cutting Consultant
… not get what it paid for," DiNapoli said. "When my office is precluded from reviewing a contract, poor oversight … requirements can lead to empty promises by vendors. This is another example of why proper contract oversight is needed to protect public dollars." Legislation passed in …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-suny-downstate-failed-get-its-moneys-worth-cost-cutting-consultant