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DiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… fiscal year with a funded status of 98 percent, according to actuarial calculations. "Solid investment returns help … 31, 2018. Strong returns raised the Fund's funded ratio to 98 percent in SFY 2017-2018, up from 94.5 percent the … rates for the New York State and Local Retirement System (NYSLRS) are determined based on investment performance for …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020Are You Vested? And What It Means
With either five or ten years of service credit NYSLRS members are vested and eligible for a retirement benefit once they meet the age and plan requirements
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansChanging Employers – Membership and Enrollment
Certain service may not count toward retirement under a 20 or 25year special plan In some instances PFRS members may be eligible to join and transfer to ERS
https://www.osc.ny.gov/retirement/employers/membership-enrollment/changing-employersApplication to Reinstate a Former Membership (RS5506)
To reinstate a former membership in a public retirement system in New York State, NYSLRS members use form RS5506.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5506.pdfMedicaid Overpayments for Inpatient Transfer Claims Among Merged or Consolidated Facilities
… Purpose To determine whether the Department of Health established … regulations, separate payments are not allowed when transfers occur among hospitals or divisions that are part of … detect or prevent inappropriate payments for inpatient transfers among these facilities. Key Recommendations Review …
https://www.osc.ny.gov/state-agencies/audits/2015/12/08/medicaid-overpayments-inpatient-transfer-claims-among-merged-or-consolidated-facilitiesDiNapoli: Allegany County Woman Arrested for Theft of Nearly $30,000 in Pension Checks
… the alleged theft of $29,893 in state pension checks sent to her deceased stepfather. “Linda Burrows allegedly … her stepfather’s death and forged his name in order to steal benefits from the pension fund,” DiNapoli said. “My … through the New York State and Local Retirement System (NYSLRS). When Burrow’s mother passed away in 2019, her …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-allegany-county-woman-arrested-theft-nearly-30000-pension-checksInvestment and Funding Choices Facing the MTA
On June 5, 2024, the Governor of the State of New York paused the implementation of the Central Business District Tolling Program (colloquially referred to as congestion pricing).
https://www.osc.ny.gov/files/reports/osdc/pdf/report-7-2025.pdfEstimated Invoice
… Overview Your estimated invoice is provided in July for informational purposes and approximates your … invoice in November. ) Viewing Your Estimated Invoice Sign in to Retirement Online. From Account Homepage, click …
https://www.osc.ny.gov/retirement/employers/estimated-invoiceState Comptroller DiNapoli Releases Audits
… Portability and Accountability Act (HIPAA) rules, does not share data that would allow them to make this determination. The follow-up found that Civil … made improper payments. New York City Department of Small Business Services (SBS): Selected Aspects of Supporting …
https://www.osc.ny.gov/press/releases/2022/10/state-comptroller-dinapoli-releases-audits-0Post Retirement Reporting
… Educational Services (BOCES) are required by law to: Report when a NYSLRS retiree exceeds the earnings limit. Annually report … Educational Services that employ public retirees report to NYSLRS through the PostRetirement Reporting program …
https://www.osc.ny.gov/retirement/employers/post-retirement-reportingState Comptroller DiNapoli Releases Audits
… New York State Comptroller Thomas P. DiNapoli announced today the … to support expenses paid or were not authorized under the contract. City University of New York (CUNY): Compliance with … in the initial report, but more needs to be done. State Education Department (SED): Buffalo Hearing & Speech …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-auditsProposed Regulations
… entered into, all contracts entered into with New York state business enterprises and the subject matter and value … of existing procurement contracts. Such report shall list for each contract the following information: (i) contract or …
https://www.osc.ny.gov/legislation/proposed-regulationsOverview – State Police Plan
… An important part of your NYSLRS benefits is benefits your survivors may receive if you … information about death benefits, and any needed forms, to your beneficiaries. …
https://www.osc.ny.gov/retirement/publications/1518/death-benefits/overviewOverview – Special 20- and 25-Year Plans
… An important part of your NYSLRS benefits is benefits your survivors may receive if you … information about death benefits, and any needed forms, to your beneficiaries. …
https://www.osc.ny.gov/retirement/publications/1517/death-benefits/overviewFranklin-Treadwell Fire District – Disbursements (2021M-16)
… District (District) officials provided adequate oversight to ensure disbursements were authorized, supported and for … mitigating controls. The Treasurer processed 55 electronic transfers and 10 cash withdrawals totaling $856,347 without … of duties. Establish written procedures over electronic transfers to ensure no one person can both initiate and …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/05/21/franklin-treadwell-fire-district-disbursements-2021m-16Fuel Purchases
… Purpose To determine whether the whether the Rochester-Genesee … the Authority had contracts with private fuel companies to supply diesel and unleaded regular gas to the two … are available. Other Related Audit/Report of Interest MTA Bus Company and New York City Transit: Selected Aspects …
https://www.osc.ny.gov/state-agencies/audits/2015/02/27/fuel-purchasesTown of Benson - Disbursements (2019M-54)
Determine whether the Supervisor established adequate control procedures over check disbursements and bank account transfers.
https://www.osc.ny.gov/files/local-government/audits/pdf/benson-2019-54.pdfRetiree Annual Statement
… option you chose at retirement. Mailed Delivery: We mail printed Statements by the end of February. Email … (Online Availability): We make Statements available in Retirement Online sooner than printed copies are mailed—we … If your pension is taxable, we provide a 1099-R tax form annually for filing your taxes. If you haven’t received …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementSelected Aspects of Railcar Fleet Maintenance (Follow-Up)
… Purpose To determine the extent of implementation of the nine … determined that Metropolitan Transportation Authority (MTA)-New York City Transit (Transit) and the MTA-Staten Island Railway (Railway) have established systems …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/selected-aspects-railcar-fleet-maintenance-followDiNapoli: NYC Projects Surplus in the Current Year but Faces Budget Risks in the Years Ahead
… New York City's 2019 fiscal year (FY) surplus is expected to grow as the year progresses with continued strong revenue … In addition, the Metropolitan Transportation Authority (MTA) is facing its greatest crisis in decades. Service has … subway and bus ridership is falling. Since July 2018, the MTA's budget gap for 2020 has nearly doubled to $510 million …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-nyc-projects-surplus-current-year-faces-budget-risks-years-ahead