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DiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… that are close to reaching their Constitutional Tax Limit (CTL) has more than doubled since 2012, according to a report … today by State Comptroller Thomas P. DiNapoli. The CTL is the maximum amount of real property tax a local …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsAvailable Options – Career Plan
… or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated … the balance of the initial value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Regional State Park Police Plan
… Single Life Allowance (Option 0) This is the basic retirement … benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your … same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all benefit …
https://www.osc.ny.gov/retirement/publications/1867/available-optionsAvailable Options – New Career Plan
… or sooner, after retiring), nothing will be paid to any beneficiary. Cash Refund — Contributions (Option ½) … annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated … the balance of the initial value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… Single Life Allowance (Option 0) This is the basic retirement … benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your … same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all benefit …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsState Agencies Bulletin No. 1350
… of the State Comptroller (OSC) in reconciling employees Social Security number and name in the NYS payroll system (PayServ) … nonresident alien employees. To ensure this requirement is met prior to Form W-2 production, OSC and agency …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1350-verification-employees-social-security-number-ssn-and-name-be-reportedContract Advisory No. 4
… Subject: Corrective Action for Contract Transactions Created in the Statewide Financial … Subject to OSC Approval OSC will not approve any new contract where the SFS Audit ID includes a Business …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/4-business-unit-and-department-id-combinations-used-create-contracts-statewideArea #7 – Access Controls – Information Technology Governance
… IT access controls prescribe who or what computer process may have access to a specific IT resource, such as a … users to access only what is necessary to complete their job duties and responsibilities. Furthermore, you should … applications, every user should have and use their own application user accounts (usernames and passwords). If users …
https://www.osc.ny.gov/local-government/publications/it-governance/area-7-access-controlsState Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… made from this money will be overseen by Graycliff Partners, a new investment partner for the fund and one of 19 … results. The program has returned nearly $300 million to the state pension fund and supported thousands of jobs … the state,” said DiNapoli. “This $50 million commitment to Graycliff will help to keep the state pension fund strong …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesVirtual Currency Licensing
… applications for, and the supervision and examination of, virtual currency licensees to ensure compliance with New York … than $9.1 trillion (as of December 31, 2022), including 21 virtual currency licensees with assets totaling more than … provided by DFS in October 2022 that contained 22 active virtual currency licensees. In June 2015, DFS issued NYCRR …
https://www.osc.ny.gov/state-agencies/audits/2024/01/02/virtual-currency-licensingState Agencies Bulletin No. 920
… directed training programs designed to promote firearm proficiency and safety. Effective Date(s) Immediately … status who successfully complete agency-directed firearms proficiency and safety training programs as set by the Joint … Successfully completed all required firearms safety and/or proficiency training during State fiscal year 2008-09. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/920-pef-firearms-training-and-safety-incentive-programDiNapoli Report Examines State School Aid Trends
… DiNapoli which examined school aid patterns and trends in New York. “School aid is the largest single state-funded … 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-trendsXI.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 In accordance with Public Officers Law §73(8)(a) (POL 73), former State employees are subject to … legislative employee or political party chairman or firm or association of which such person is a member, or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18e-public-officers-lawDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… fund will continue to be one of the nation’s strongest and best-funded,” DiNapoli said. “While the reduction in employer … our investment decisions are always made based on what is best for our 1.1 million working and retired members and … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemCUNY Bulletin No. CU-720
CUNY Bulletin No CU720
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-720-prepaid-legal-service-benefit-cuny-employeesDue Diligence for Companies Holding Abandoned Funds
… New York State Abandoned Property Law (APL), but is good customer service. Requirements in addition to the mailing … See the additional notification requirements section for more information. How to meet due diligence requirements … Refer to the Securities and Exchange Commission Rule Number 17Ad-17 for guidance on searching for lost security …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsSUNY Bulletin No. SU-302
… Actions Prior to processing, agencies must complete a roster identifying employees who will receive a recruitment … and must include the earnings code and payment amount. The roster must be forwarded to SUNY System Administration. A copy of this roster will be provided to OSC in an Excel format. To pay the …
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 (Internal Revenue … tax on the wages of nonresident alien (NRA) employees is subject to an additional withholding amount that is added to NRA employees’ wages for calculating Federal …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1892-summary-tax-related-changes-2021Opinion 94-4
… This opinion represents the views of the Office of the State Comptroller at the time it was … opinion. CLAIMS -- Audit (manner of execution of officer's statement) TOWN BOARD -- Powers and Duties (requiring … expressed the opinion that a public official may use a stamped signature on official documents, unless the use …
https://www.osc.ny.gov/legal-opinions/opinion-94-4Opinion 89-44
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … for acting village justices) VILLAGE LAW, §§3-301(2)(a), 4-410; STATE FINANCE LAW, §99-a; UNIFORM JUSTICE COURT …
https://www.osc.ny.gov/legal-opinions/opinion-89-44