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Available Options – Non-Contributory Plan with Guaranteed Benefits
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this … one year, or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … actuarial soundness. *If you elect this option, you must submit proof of your beneficiary’s birth date. You can …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsAvailable Options – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Single Life Allowance (Option 0) This is the basic retirement benefit. It provides for the maximum … payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), nothing will be … your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value of your retirement benefit …
https://www.osc.ny.gov/retirement/publications/1511/available-optionsOpinion 94-4
… if claims are to be audited by the town comptroller, is presented to the board or the comptroller and is audited and allowed. Section 118(1) further provides that … gave rise or origin to the claim must be made. Thus, it is our opinion that, pursuant to the authorization in section …
https://www.osc.ny.gov/legal-opinions/opinion-94-4Opinion 89-44
… or statutory amendments that bear on the issues discussed in the opinion. VILLAGE JUSTICE -- Acting Justice (reporting … village justices) VILLAGE LAW, §§3-301(2)(a), 4-410; STATE FINANCE LAW, §99-a; UNIFORM JUSTICE COURT ACT, §2021: Acting … required to be established by Village Law, §3-301(2)(a) in the event a village has only one village justice. An …
https://www.osc.ny.gov/legal-opinions/opinion-89-44Area #7 – Access Controls – Information Technology Governance
… such as a particular software program or database. For example, access controls can be implemented to limit who … what level and type of protection is appropriate for various resources (e.g., data) and who needs access to … to very few individuals who have a valid business need for such access; and IT users are restricted from performing …
https://www.osc.ny.gov/local-government/publications/it-governance/area-7-access-controlsVirtual Currency Licensing
… (DFS) provides adequate oversight of the applications for, and the supervision and examination of, virtual currency … services regulator, and its Superintendent is responsible for ensuring the safety and soundness of the State’s … licensees with assets totaling more than $175 billion. For this report, we reviewed a list provided by DFS in …
https://www.osc.ny.gov/state-agencies/audits/2024/01/02/virtual-currency-licensingDiNapoli Report Examines State School Aid Trends
… school aid patterns and trends in New York. “School aid is the largest single state-funded expenditure within the … “As the start of a new fiscal year approaches, this report is intended to provide policymakers and the public additional … three years. The largest component of state school aid is Foundation Aid, a statutory formula enacted in 2007 as the …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-report-examines-state-school-aid-trendsState Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… has committed an additional $50 million for investments in New York State-based companies through its In-State Private … private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesXI.18.E Public Officers Law – XI. Procurement and Contract Management
… to be followed when contracting with current and former New York State employees. CONTRACTING WITH FORMER NYS EMPLOYEES … the procurement record when submitting the contract to OSC’s Bureau of Contracts for approval. CONTRACTING WITH CURRENT …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18e-public-officers-lawSUNY Bulletin No. SU-302
… Date Pay End Date Check Date Administration 25L 03/04/2021 03/17/2021 03/31/2021 Administration 1L 04/01/2021 … AND on the Pay End Date associated with the Pay Period the payment is processed (see above) are eligible to receive … granting campus receive the recruitment and retention payment at the discretion of the Dean of the Graduate Student …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-302-suny-recruitment-and-retention-payments-gsnu-employeesState Agencies Bulletin No. 1892
… Purpose The purpose of this bulletin is to inform agencies of the updated IRS … 31, 2021. OSC Actions OSC has updated PayServ with the new Federal and New York tax requirements for 2021. OSC continues to use the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1892-summary-tax-related-changes-2021Due Diligence for Companies Holding Abandoned Funds
… address on file. The value of the abandoned property account is $20 or less and you plan to aggregate these … plans regardless of the property value, so the account value exemption below does not apply to accounts for … email address on record with the holder or a verifiable login by the owner using a website or mobile application made …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsDiNapoli 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 …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemCUNY Bulletin No. CU-720
… Manhattan 100XX, 101XX, 102XX Staten Island 103XX New York State Zip Codes Nassau County 110XX, 115XX, 117XX, 118XX … be added to the employee’s taxable gross wages, for tax withholding purposes, and reflected on the 2021 Form W-2 … the deficiency will automatically be recovered through payroll deduction should the employee later return to the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-720-prepaid-legal-service-benefit-cuny-employeesDiNapoli: NYC Transit Must Ensure Cameras and Security Equipment Are Maintained and in Working Order
… Auditors looked at 80 alarms and found either no live videos were available or the cameras were not working when …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-transit-must-ensure-cameras-and-security-equipment-are-maintained-and-working-orderUpdate Your Contact Information
… be updated with NYSLRS. Also, USPS will only forward mail to your new address for a limited time—generally, 12 … way to view and update your contact information. Sign in to Retirement Online. Look under My Profile Information . … also choose email and get notified when your 1099-R tax form is available online in January and for your Retiree …
https://www.osc.ny.gov/retirement/update-your-contact-informationManagement of Indoor Air Quality for Individuals With Asthma (Follow-Up)
… With Asthma (Report 2020-S-59 ). About the Program Asthma is a significant public health problem in the United States. It is one of this country’s most common and costly diseases, … often requires emergency care and hospital admission and is responsible for a high number of missed school and/or …
https://www.osc.ny.gov/state-agencies/audits/2024/09/09/management-indoor-air-quality-individuals-asthma-followUnified Court System Bulletin No. UCS-222
… Purpose To inform agencies of OSC’s automatic processing of the … NYS Unified Court System in Negotiating Units SY, SR, S9, DR, F8, 87, G9 and 86 who meet the eligibility criteria … between the UCS and Negotiating Units SY, SR, S9 and DR, a uniform and equipment allowance or maintenance …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-222-december-2015-unified-court-system-ucs-uniform-and-equipmentSUNY Bulletin No. SU-208
… management or confidential in the State University of New York - BU13 who meet the eligibility criteria and are … the payment. The system will calculate an adjustment for all earnings reported in a single entry based on the salary … stipend amount. In addition, updates will be made to all subsequent rows requiring an increased biweekly stipend …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-208-april-2014-state-university-new-york-suny-management-andState Agencies Bulletin No. 330
… without pay during the last program year (4/1/01-3/31/02) may be eligible for the Productivity Gain Program under the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/330-additional-eligibility-criteria-and-information-regarding-2002