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More About This Retirement Plan – En-Con Police Officers Plan
… System.) These benefits are provided by Section 383-b of the New York State Retirement and Social Security Law … and Local Retirement System, headed by the Comptroller of the State of New York, administers these plans. Our main office is in …
https://www.osc.ny.gov/retirement/publications/1822/more-about-retirement-planXIV.4.C Bank Account Reporting and Reconciliations – XIV. Special Procedures
… a detailed statement of all balance(s) on deposit in any bank account under the administrative control of any state … section of the New York State Register to ensure that all bank account and financial institution names are correctly shown. Updates to bank account information should be immediately reported to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4c-bank-account-reporting-and-reconciliationsIndustrial Development Agency Board Governance (2017-MS-1)
… owners reviewed reported they created and retained the jobs they agreed to, while the remaining 69 reported they did … reports indicated they would create or retain 13,818 jobs, but they actually created or retained 10,209 jobs, a shortfall of 26 percent. Key Recommendations Ensure …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2017/09/22/industrial-development-agency-board-governance-2017-ms-1West Islip Union Free School District – Financial Management (2022M-40)
… Audit Objective Determine whether the West Islip Union Free School District’s (District) Board of Education (Board) reasonably and transparently managed fund balance and reserves. Key Findings The Board appropriated fund … Determine whether the West Islip Union Free School Districts District Board of Education Board …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40Town of Alfred – Incompatible Duties (2021M-99)
… report - pdf ] Audit Objective Determine whether the Town of Alfred (Town) Supervisor (Supervisor) properly appointed … Clerk (Clerk) as bookkeeper which is an incompatibility of office and duties. As a result, checks and balances over the powers and duties of these positions was not maintained. The Supervisor did not …
https://www.osc.ny.gov/local-government/audits/town/2021/11/19/town-alfred-incompatible-duties-2021m-99DiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and … trustee of the Fund, announced today. This action is tied to DiNapoli’s comprehensive Climate Action Plan to lower investment risks from climate change and transition …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsElection Form for 25 Year Retirement Plan Section 384 (PF5095)
To elect to contribute under Section 384 (if an employer has adopted it), which permits retirement after 25 years of creditable service, firefighters, police or officers of fire departments or police departments use form PF5095.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5095.pdfDiNapoli: Audit Reveals Theft of Cash, Questionable Spending by Minetto Volunteer Fire Dept. Chief
… purchases, including guns, motorcycle equipment and items to support his personal landscaping business. Auditors … machines; and Made $982 in fuel purchases in excess of what was authorized for his personal vehicle using company … which company officials are entitled to fuel and in what quantities, and specifies controls to monitor fuel …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audit-reveals-theft-cash-questionable-spending-minetto-volunteer-fire-dept-chiefDiNapoli: Audits Lead to Millions of Dollars in Medicaid Savings from Drug Rebate Collections
… $78 million in rebates have not been submitted to drug manufacturers, but could still be collected by the state … prescription drug costs by requesting rebates from drug manufacturers. In 1992, Congress created the 340B Drug … as 340B providers that were not on the official federal list of such providers. This misclassification led to an …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-audits-lead-millions-dollars-medicaid-savings-drug-rebate-collectionsSUNY Bulletin No. SU-198
… currently employed (Payroll Status equals Active or Leave With Pay at the time of payment). Full-time employees who … currently employed (Payroll Status equals Active or Leave With Pay at the time of payment), under Article XI, Title A … currently employed (Payroll Status equals Active or Leave With Pay at the time of payment). Employees, who receive one …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-198-500-service-award-full-time-psnu-employees-representedSaugerties Central School District – Extra-Classroom Activities (2017M-77)
… always use duplicate receipts to document money received. Sales tax was not collected or remitted to the central treasurers and the annual sales tax returns were not filed with the New York State …
https://www.osc.ny.gov/local-government/audits/school-district/2017/07/14/saugerties-central-school-district-extra-classroom-activities-2017m-77NYSLRS Announces Employer Contribution Rates for SFY 2026-27
… Retirement System (NYSLRS) for State Fiscal Year (SFY) 2026-27. Employers’ average contribution rates will increase … plan combinations. In the SFY that ended March 31, 2025, NYSLRS paid out nearly $16.8 billion in benefits. … return assumption for public pension funds was 7% in July 2025, according to the National Association of State …
https://www.osc.ny.gov/press/releases/2025/09/nyslrs-announces-employer-contribution-rates-sfy-2026-27State Agencies Bulletin No. 2160
… Purpose: The purpose of this bulletin is to provide agencies with instructions for processing taxable Educational Assistance Benefits for 2023. Affected Employees: … The purpose of this bulletin is to provide agencies with instructions for processing taxable Educational Assistance Benefits for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2160-educational-assistance-benefits-2023State Agencies Bulletin No. 2064
… Purpose The purpose of this bulletin is to provide agencies with instructions for processing taxable Educational Assistance Benefits for 2022. Affected Employees … The purpose of this bulletin is to provide agencies with instructions for processing taxable Educational Assistance Benefits for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2064-educational-assistance-benefits-2022State Agencies Bulletin No. 2277
… Purpose: The purpose of this bulletin is to provide agencies with instructions for processing … to an employee under an Educational Assistance program is excluded from taxable wages. Amounts in excess of $5,250 … provides benefits to a spouse or dependents of employees is not a qualified program. Benefits paid by a nonqualified …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2277-educational-assistance-benefits-2024DiNapoli Calls on Twitter & Other Major Corporations to Take Action on Political Spending Transparency
… disclosure proposals with: Twitter Inc., DISH Network Corp., The Progressive Corp., Royal Caribbean Cruises Ltd., Las Vegas Sands Corp., Ulta Beauty Inc., VeriSign Inc., and Hanesbrands Inc. …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-calls-twitter-other-major-corporations-take-action-political-spending-transparencyRetiree Notes - Winter 2024
A semiannual bulletin for retirees of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/retiree-notes-winter-2024.pdfRetiree Annual Statement - News & Notes - 2022
A semiannual bulletin for retirees of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/retiree-annual-statement-news-and-notes-2022.pdfRetiree Notes - Fall 2022
A semiannual bulletin for retirees of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/retiree-notes-fall-2022.pdfRetiree Notes - Summer 2024
A semiannual bulletin for retirees of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/retiree-notes-summer-2024.pdf