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DiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… couples filing jointly can deduct up to $10,000 each year.* "Now's the time to take advantage of the improvements … meaning participants will pay $1.50 in program fees each year for every $1,000 invested in the plan. The maximum … to New York Advisor-Guided Plan account holders this year. For information about New York State's 529 College …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsState Agencies Bulletin No. 863
… of a new process implemented by OSC to ensure that NYC wages are properly reported on the 2008 Form W-2 for all employees with a NYC residence. Control-D Report NTAX702 (NYC Reportable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/863-new-york-city-nyc-reportable-wagesCUNY Bulletin No. CU-351
… Option 1 Continuous Giving Program Option 2 Calendar Year 2009 Program Agency Actions Agencies must review the … for employees who choose to participate. Option 2 Calendar Year 2009 Program – Agencies must enter the applicable … If a participant chooses to elect other than the full year (26 pay periods), the agency payroll office must enter …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-351-2009-united-way-cuny-campaignState Agencies Bulletin No. 961
… Purpose To provide agencies with procedures to populate retirement records in PayServ for employees who enroll in … PayServ for Plan Type “7X” (TRS) to include tier 5 as an option with a Benefit Plan of “TRSBT5” and a contribution … of wages currently in effect for tiers 1 through 4. Until an employee exceeds the overtime ceiling of $15,000, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/961-new-tier-5-benefit-structure-new-york-state-teachers-retirement-systemAvailable Options – Career Plan
… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – New Career Plan
… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… The adjusted rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term … return of less than 7%. There are plans that have a fiscal year end date of June 30, 2021 and many have already … DiNapoli began providing employers with access to a two-year projection of their annual pension bill. Employers can …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemState Agencies Bulletin No. 1874
… Interest arbitration ineligible employees in the Security Services Unit (SSU) – BU21 who meet the eligibility criteria …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1874-2020-uniform-cleaning-and-maintenance-allowance-certain-securityCUNY Bulletin No. CU-691
… a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 CUNY employees who … the Benefit Plan based on the agency’s review of the “two-year look back” salary. Public query CUNY_TIER6_2YR_NEW will … the employees’ earnings by Department ID for the calendar year entered. If the query results in multiple rows for an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-691-two-year-look-back-tier-6-cuny-optional-retirement-plan-orpDiNapoli: Small Businesses Generate $950 Billion in New York
… highest average payroll per employee, nearly $56,000 per year. Over the past decade, New York’s small businesses … state rose by a net 1.6 percent, or 59,000 jobs, in the 10-year period through 2013, while declining nationally by 1.1 percent. During this same 10-year period, the number of small businesses remained …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-small-businesses-generate-950-billion-new-yorkState Agencies Bulletin No. 1963
… employees who work more than 520 hours in a fiscal year, are eligible to receive one-quarter (1/4) of the $1,075 … employees who work more than 1,040 hours in a fiscal year are eligible to receive one-half (1/2) of the $1,075 … are based on the number of hours worked in the fiscal year prior to the leave of absence. Agency Actions To pay the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1963-2021-uniform-cleaning-and-maintenance-allowance-certain-ssu-interestState Agencies Bulletin No. 2177
… employees who work more than 520 hours in a fiscal year, are eligible to receive one-quarter (1/4) of the $1075 … employees who work more than 1040 hours in a fiscal year are eligible to receive one-half (1/2) of the $1075 … are based on the number of hours worked in the fiscal year prior to the leave of absence. Agency Actions: To pay …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2177-2023-uniform-cleaning-and-maintenance-allowance-certain-ssu-interestDiNapoli: Heroin, Opioid Overdose Death Rates Rose Faster in New York Than in Most States
… a factor, reached a record high of 825 in 2014, the last year for which data are available from the Centers for … (SAMHSA), an average of approximately 75,000 New Yorkers a year were estimated to have used heroin in the two-year period from 2013 through 2014. This figure reflects …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-heroin-opioid-overdose-death-rates-rose-faster-new-york-most-statesState Agencies Bulletin No. 2076
… employees who work more than 520 hours in a fiscal year, are eligible to receive one-quarter (1/4) of the $1075 … employees who work more than 1040 hours in a fiscal year are eligible to receive one-half (1/2) of the $1075 … are based on the number of hours worked in the fiscal year prior to the leave of absence. Agency Actions To pay the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2076-2022-uniform-cleaning-and-maintenance-allowance-certain-ssu-interestState Agencies Bulletin No. 1778
… employees who work more than 520 hours in a fiscal year, are eligible to receive one-quarter (1/4) of the $1075 … employees who work more than 1040 hours in a fiscal year are eligibeceive one-half (1/2) of the $1075 allowance … are based on the number of hours worked in the fiscal year prior to the leave of absence. Agency Actions To pay the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1778-2019-uniform-cleaning-and-maintenance-allowance-certain-ssu-interestSUNY Bulletin No. SU-289
… a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 New York State … the Benefit Plan based on the agency’s review of the “two-year look back” salary. Public query TWO_YEAR_LOOKBACK_SUNY_ORP will provide the employee’s earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planComptroller DiNapoli Releases Special Education Audits
… the Reimbursable Cost Manual (2014-S-80) For the fiscal year ended June 30, 2013, Inspire claimed $226,382 in … the Reimbursable Cost Manual (2015-S-48) For the fiscal year ended June 30, 2014, auditors identified $12,059 in … with the Reimbursable Cost Manual (2015-S-69) For the year ended June 30, 2014, auditors determined Story Place …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-special-education-auditsCUNY Bulletin No. CU-660
… for tax withholding purposes, and reflected on the 2019 Form W-2 (Wage and Tax Statement). Effective Date(s) … application of the prepaid legal benefit, will have their Form W-2 (Wage and Tax Statement) wages (Federal, State, and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-660-prepaid-legal-service-benefit-cuny-employeesState Agencies Bulletin No. 1771
… for salary refunds that were originally paid in a prior year. The IRS requires employers to apply a reasonable standard when requesting refunds for prior year taxes. OSC will only seek refunds of Federal, State and … to the employee by OSC. Credit letters are issued during year end processing as indicated in the chart below. Agency …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1771-processing-2019-salary-refunds-received-osc-after-december-27-2019-instNew York's 529 College Savings Program Turns 20
… and urged New Yorkers to sign up before the end of the year and take advantage of the tax benefits that may be … Direct Plan and the Advisor-Guided Plan . In the last year, the program has simplified the enrollment process, … participants now pay only $1.30 in program fees each year for every $1,000 invested in the plan. The national …
https://www.osc.ny.gov/press/releases/2018/12/new-yorks-529-college-savings-program-turns-20