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DiNapoli: New York State Pension Fund and Coca Cola Reach Agreement on Executive Pay
… Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), announced today. In response to the … resolution with the Atlanta-based beverage giant. “Pay for CEOs and other corporate executives has dramatically outpaced wages for most other employees in recent years," DiNapoli said. "We …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-new-york-state-pension-fund-and-coca-cola-reach-agreement-executive-payWatervliet City School District – Payroll and Claims Processing (2013M-4)
… in Albany County. The District is governed by the Board of Education which comprises five elected members. The … totaled approximately $23 million for the general fund, $1.76 million for special aid fund, and $780,000 for … payments for a portion of those days that are unused at retirement. However, it appears the leave time records for 12 …
https://www.osc.ny.gov/local-government/audits/school-district/2013/06/28/watervliet-city-school-district-payroll-and-claims-processing-2013m-4NY State Comptroller Announces Appointment of Emerging Managers Director
… New York State Comptroller Thomas P. DiNapoli today announced … appointment of Sylvester (Sly) McClearn as director of the New York State Common Retirement Fund’s (Fund) Emerging … Fellow. A photo of McClearn is available. About the New York State Common Retirement Fund The New York State …
https://www.osc.ny.gov/press/releases/2024/02/ny-state-comptroller-announces-appointment-emerging-managers-directorAccidental Disability – Article 14 Benefits
… service is defined as: Service while on your employer’s payroll; or When you are on an authorized medical leave of …
https://www.osc.ny.gov/retirement/publications/1644/accidental-disabilityAccidental Death Benefit – Article 14 Benefits
… not due to your own willful negligence, an accidental death benefit may be payable on your behalf. The Benefit This is a … survivorship rights in a separation agreement, until death or remarriage;* To your surviving children, until they …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitDiNapoli: State Pension Fund Value $178.1 Billion
… markets during a volatile year. The Fund has an estimated value of $178.1 billion. “Despite weak equity markets, the … expected rate of return is 7 percent. The Fund’s value reflects $10.9 billion in benefits paid out during the … years 2014-2015 and 2015-2016. A graph showing the Fund’s value since 1993 is available here: …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionCUNY Bulletin No. CU-674
… Employees All general deductions for employees whose Payroll Status is Terminated, Retired or Deceased will be … Tax Arrears 604 GARNSH TIAA After Tax Arrears Garnishments Payroll Register and Employee’s Paycheck/Advice All retroactive adjustments will be displayed on the Payroll Register using the appropriate earnings code and the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-674-2018-2020-professional-staff-congress-psc-retroactivePayments Not Requiring Pre-Audit – Improving the Effectiveness of Your Claims Auditing Process
… to a court order. Amounts due upon lawful contracts for periods exceeding one year. Retirement contributions by a participating employer in the New York State and Local Retirement System as billed by OSC. These types of payments …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/payments-not-requiring-pre-auditState Agencies Bulletin No. 592
… and to provide instructions to agencies for processing Time Entry transactions. Affected Employees Employees in the … on the eligibility date. Eligible full-time employees on Sick Leave at 50 percent pay on the eligibility date are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/592-2005-uniform-allowance-employees-represented-nyscopba-and-council-82DiNapoli: Former State Employee Arrested for Falsely Claiming She Never Received $4K Loan Check from New York State and Local Retirement System
… System (NYSLRS) that she never received a $4,055 loan check to get a replacement check in the same amount. Both checks were then …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-state-employee-arrested-falsely-claiming-she-never-received-4k-loan-check-new-yorkCity of Long Beach - Payments for Unused Leave Accruals (2019M-68)
… [read complete report - pdf] Audit Objective Assess whether payments to certain City officers and employees for unused leave accruals were authorized and accurately … agreements (CBAs). The City approved drawdown payments for unused leave accruals, totaling $229,494 to eight City …
https://www.osc.ny.gov/local-government/audits/city/2019/12/11/city-long-beach-payments-unused-leave-accruals-2019m-68Retirement Option Election Form with Partial Lump Sum Payment For Tier 2, 3, 5 and 6 Members (RS 6421-A)
To select a retirement benefit payment option, Tier 2, 3, 5 and 6 members with one beneficiary who are opting for a partial, lump sum payment use form RS6421-A.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6421-a.pdfDiNapoli Op-Ed in Crain's New York Business
… on the need for greater transparency and accountability in budgeting for the use of federal relief funds. The full … received more money than they sent to Washington, D.C., in taxes in federal fiscal year 2020. It was true even for New York, …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessReview of Advance Contract Payments
… performance to ensure they expended the advanced funds in accordance with the terms and conditions of the … monitoring to ensure contractors expended advanced funds in accordance with the terms and conditions of the … detailing how these contractors expended the advanced funds they received. As a result, SED did not have assurance …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsDiNapoli: Former Town of Minerva Clerk Pleads Guilty
… audit found she stole thousands of dollars from the town, State Comptroller Thomas P. DiNapoli announced today. "Ms. … Essex County District Attorney Kristy Sprague and the New York State Police for their work and partnership in …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-former-town-minerva-clerk-pleads-guiltyState Agencies Bulletin No. 1885
… agencies that the pensionable overtime earnings (OT) limit for Tier 6 Employee Retirement System (ERS) members for calendar year 2021 is $17,301.00. Affected Employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1885-tier-6-pensionable-overtime-earnings-limit-calendar-year-2021-employeesInvestors Reach Settlement with Wynn Resorts
… million. Additionally, in part because of the derivative litigation, Wynn Resorts enacted a number of policy changes … As of Oct. 31, 2019, New York State Common Retirement Fund held shares in Wynn Resorts with an estimated value of … $22.3 million. About the New York State Common Retirement Fund The New York State Common Retirement Fund is the third …
https://www.osc.ny.gov/press/releases/2019/11/investors-reach-settlement-wynn-resortsState Agencies Bulletin No. 1107
… Purpose To inform agencies of OSC’s automatic processing and to provide instructions to agencies for processing transactions not processed automatically. … Unit 68 Background GOER memorandum dated 11/15/11 provides for Uniform Cleaning and Maintenance Allowance payments to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1107-2011-uniform-cleaning-and-maintenance-allowance-lifeguardsState Comptroller DiNapoli Releases Audits
… New York State Comptroller Thomas P. DiNapoli announced today the following … department’s program has rapidly expanded opportunities for industrial hemp production in the state. However, the … that occurred before those rates took effect. From a sample of 100 claims, auditors calculated a potential cost …
https://www.osc.ny.gov/press/releases/2019/12/state-comptroller-dinapoli-releases-audits-0Essential Policy Elements – Travel and Conference Expense Management
… that should be included in a travel and conference policy. The following list details the fundamentals that you should consider when developing or updating your policy. This list is not exhaustive and other elements, … transportation. By linking the mileage rate in your policy to the IRS rate, you can avoid amending your policy …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/essential-policy-elements