Search
IX.9.B Transfers to Other Funds – IX. Federal Grants
… In order to preserve federal grant reporting requirements, … statutory transfers from federal funds will be recorded in the federal grant fund as an Operating Transfer (transfer … In order to preserve federal grant reporting requirements statutory …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9b-transfers-other-fundsDetermining the Ex-spouse's Share – Divorce and Your Benefits
… are marital assets subject to equitable distribution in the event of a divorce. A member and ex-spouse may establish … the precise service credit accrued during the marriage when the numerator is written as an open date field, for … monthly benefit amount that will be paid to the ex-spouse. When using Majauskas as a basis for the equitable …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareService Credit for Tiers 2 through 6
… credit for which you may be eligible. Remember, our staff is available to help you and answer your questions. … for additional service, you must request it. See the How to Request Credit section for details. Your request will … (RS5042) , available on our Forms page. Include as much information as you can about the period of employment …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6Pension Contribution Rates to Decrease for Fiscal Year 2015-16
… will decrease by about nine percent from 20.1 percent of payroll to 18.2 percent of payroll. The average contribution rate for the Police and … announced that the funded ratio for NYSLRS (the actuarial value of assets divided by the actuarially accrued …
https://www.osc.ny.gov/press/releases/2014/09/pension-contribution-rates-decrease-fiscal-year-2015-16Forensic Audit of Dual Employment Approvals and Conflicts
… Each MTA agency may develop its own outside employment policy to supplement the Code. As of June 30, 2010, we found … users at risk. In addition, MTA employees on military leave were overpaid an aggregate of $65,722. We have referred … seeking, or have, outside employment, or are on military leave, stipulating the required approvals and appropriate …
https://www.osc.ny.gov/state-agencies/audits/2013/12/19/forensic-audit-dual-employment-approvals-and-conflictsDiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… time and provide a comparison of revenue against other transit systems. The report found that when compared to five … the MTA’s total revenue. Today, fare revenue makes up only 24.5% of the MTA’s $15.7 billion in revenue, excluding MTA … and will rebound to make up 32.2% of total revenue by 2026. For this to happen, they’ve included proposed fare …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropBus Wait Assessment and Other Performance Indicators
… are not always met. Further, there was insufficient documentation to determine if scheduled service was … information, Transit relies on an advanced computer model based on automated fare card data to determine demand. … of determining service under the Guidelines. The computer model relies on numerous assumptions. For instance, because …
https://www.osc.ny.gov/state-agencies/audits/2019/05/07/bus-wait-assessment-and-other-performance-indicatorsEfforts to Collect Tolls and Fees Using License Plate Images and Law Firms (Follow-Up)
… Regulations, Title 21, Section 1023.7, “No vehicle shall cross the bridges and tunnels without payment of the toll … the “best” front and rear images and sends them to the NY Customer Service Center system electronically, where they …
https://www.osc.ny.gov/state-agencies/audits/2021/10/07/efforts-collect-tolls-and-fees-using-license-plate-images-and-law-firms-followCapital One Bank Accounts
… Purpose To determine the purpose of 15 unauthorized bank accounts established by the … at Capital One Bank and to assess the appropriateness of financial transactions involving these accounts. Our audit … area. The MTA is governed by a 23-member Board of Directors, whose members are nominated by the Governor and …
https://www.osc.ny.gov/state-agencies/audits/2014/01/27/capital-one-bank-accountsFare Evasion
… (MTA) Bus Company (MTA Bus) reported accurate estimates of revenue losses from fare evasion to the MTA Board of Directors (Board), and whether the MTA has taken action … largest transportation network, serving a population of 15.3 million people in the 5,000-square-mile area fanning …
https://www.osc.ny.gov/state-agencies/audits/2021/04/15/fare-evasionSelected Aspects of Travel Expenses
… directive) which states that “MTA Headquarters and each of its Constituent Agencies shall issue Agency-specific … this policy instruction for the recording and claiming of reimbursement for eligible employees travel and business … will book lodging at the lowest applicable and available rates. MTA agencies are required to use MTA’s travel agent …
https://www.osc.ny.gov/state-agencies/audits/2015/05/18/selected-aspects-travel-expensesDiNapoli Finds Subway Wait Times Got Worse from 2013 to 2014
… met this overall goal in 2013, with 80.3 percent, but did not meet the goal established for 2014 with 78.8 percent. … issue as full data becomes available. Transit officials did agree that wait time performance has declined. They also …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-finds-subway-wait-times-got-worse-2013-2014DiNapoli: MTA Faces $9.8 Billion Capital Plan Shortfall
… and the city to close the remaining $9.8 billion funding gap in its five-year capital program. While we don’t yet know how the gap will be closed, we do know that the public mass … 2015-2019 capital program is facing a $9.8 billion funding gap. To close this gap, the MTA has suggested that New York …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-mta-faces-98-billion-capital-plan-shortfallOther Places to Search for Unclaimed Funds
… New York State & Local Retirement System (NYSLRS) For information regarding lost pension benefits and uncashed … retirement checks. Pension Benefit Guaranty Corporation For information about refunds on retirement accounts. … National Registry of Unclaimed Retirement Benefits For information on unclaimed retirement account balances. …
https://www.osc.ny.gov/unclaimed-funds/resources/other-places-search-unclaimed-fundsDiNapoli: Tennessee Woman Pleads Guilty to Wire Fraud for Receiving Deceased Mother's New York State and Local Retirement System Benefits
… joined the United States Attorney for Eastern District of Tennessee (EDTN) in announcing that Leslie Schwinzer has … Local Retirement System (NYSLRS). This case was the result of a joint investigation with the Social Security … the EDTN and the Comptroller’s Office. In February of 2021, SSAIG contacted NYSLRS and informed them that a …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-tennessee-woman-pleads-guilty-wire-fraud-receiving-deceased-mothers-new-york-state-and-localTransforming the Procurement Function
… a total of 70,000 employees. In April 2019, New York State enacted Section 1279-e(1)(a) of the Public Authorities … 30, 2019. The MTA Board approved the Transformation plan on July 24, 2019. The plan called for all support functions … 18–24 months. The MTA spends over $7 billion annually on procurement, ranging from office supplies and market …
https://www.osc.ny.gov/state-agencies/audits/2024/12/26/transforming-procurement-functionSelected Performance Measures (Follow-Up)
… Objective To determine the extent of implementation of the seven recommendations included in our initial audit … New York State Legislature in 1965. There are six agencies of the MTA: Bridges and Tunnels, MTA Construction and … To determine the extent of implementation of the seven recommendations included in …
https://www.osc.ny.gov/state-agencies/audits/2022/04/08/selected-performance-measures-followDiNapoli: $2.9 Billion Hole Threatens MTA’s Capital Program
… than the MTA expects, or the MTA must find new sources of income, or other financial support, to pay for additional … to upgrades and other work that could impact the quality of service.” The COVID-19 pandemic devastated ridership and hurt other sources of MTA revenue, which the MTA forecasts will not return to …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-29-billion-hole-threatens-mtas-capital-programTransforming Into Construction & Development
… of current policies were provided. Contracts’ functions did not change during Transformation; however, they expanded … soon to demonstrate any realized savings. However, they did cite an increase in the number of bidders as a positive …
https://www.osc.ny.gov/state-agencies/audits/2025/10/22/transforming-construction-developmentManagement of Cash and Investments
… City metropolitan area. The MTA is governed by a Board of Directors, whose 23 members are appointed by the Governor … investments are optimally managed and available sources of revenues are considered when preparing budgets to meet … the yield expectations. Other Related Audits/Reports of Interest None …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investments