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What is a Defined Benefit Plan?
… Defined benefit plans provide several advantages over the 401(k)-style plans offered by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planNYS Comptroller DiNapoli, Steuben County District Attorney Baker, and NYS Police: Former Addison Official to Be Sentenced to Prison and Will Forfeit State Pension After Million Dollar Public Corruption Conviction
… A former clerk-treasurer of the Village of Addison in Steuben County will be sentenced to serve three-to-nine years in state prison, pay full restitution of $1.1 million, and … New York State Police Superintendent Steven G. James said. “The victims in this case are the people of New …
https://www.osc.ny.gov/press/releases/2024/08/nys-comptroller-dinapoli-steuben-county-district-attorney-baker-and-nys-police-former-addisonDiNapoli: State Agency Mishandled Housing Discrimination Complaints
… it will be investigated, but the agency often failed to do its job,” DiNapoli said. “It lost cases due to …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-agency-mishandled-housing-discrimination-complaintsOversight of Information Technology Consultants and Contract Staffing
To determine if the Office of Information Technology Services is adequately monitoring information technology services procured from consultants and
https://www.osc.ny.gov/state-agencies/audits/2019/09/16/oversight-information-technology-consultants-and-contract-staffingState Agencies Bulletin No. 1745
… Purpose To notify agencies of the PayServ procedural changes required … (PFRS) (Retirement Plan 7W) Background NYSLRS is preparing to roll out a new information system in May, 2019. NYSLRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1745-payserv-updates-resulting-new-york-state-and-local-retirement-systemCost-Saving Ideas: Evaluate the Efficiency of Your Water Delivery System
… (EPA) has established an industry goal of 10 percent for unaccounted water system losses. A water accounting … need attention, particularly large volumes of unaccounted-for water. Calculate unaccounted-for water losses and related … Make sure you have adequate information to determine the best course of action. After eliminating inadequate records …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-evaluate-efficiency-your-water-delivery-systemCost-Saving Ideas: Monitoring Health Insurance Premiums for Retirees
… costs by allowing the retiree to buy coverage at the group rate. 1 Containing health insurance costs should be a …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-monitoring-health-insurance-premiums-retireesState Agencies Bulletin No. 1603
… to cash out up to 120 hours once per year. Employees do not need to be currently enrolled in the Over 40 Comp Time …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1603-2017-csea-and-pef-over40-comp-time-ii-cash-outResponsiveness to Noise Complaints Related to New York City Nightlife Establishments
… related to noise. In addition, actions were rarely taken (if ever) against certain establishments with comparatively …
https://www.osc.ny.gov/state-agencies/audits/2017/06/09/responsiveness-noise-complaints-related-new-york-city-nightlife-establishmentsState Agencies Bulletin No. 759
… State’s Central Accounting System and/or CSEA, PEF or GOER Tax Rules In general, gross income of an employee does not … may enter these transactions immediately. To reduce the tax burden on the employee’s last paycheck of the year, it is … to Affected Employees A letter explaining the tax rules governing educational assistance benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/759-educational-assistance-benefitsSUNY Bulletin No. SU-225
… to the Leap Year calculation for affected employees who do not already have an existing 09/01/15 row on Job Data. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-225-leap-year-salary-calculation-fiscal-year-2015-16-suny-calCUNY Bulletin No. CU-456
… of a new Time Entry code and to provide instructions for payment of the CUNY ECP Vacation Exchange Program. Affected … eligibility requirements described below Effective Date(s) Payment will be included in the employee’s regular paycheck … rate of pay on the preceding October 1. Eligibility and Payment Information The 2012 CUNY ECP Vacation Exchange …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-456-cuny-executive-compensation-programecp-vacation-exchangeOversight of Career and Technical Education Programs in New York State Schools (Follow-Up)
… CTE can also address the needs of high-growth industries by helping to close skills gaps without the need for …
https://www.osc.ny.gov/state-agencies/audits/2023/01/18/oversight-career-and-technical-education-programs-new-york-state-schools-followMaximizing Incentives for Individuals With Disabilities (Follow-Up)
… audit report, Maximizing Incentives for Individuals With Disabilities ( 2021-S-26 ). About the Program According … were nearly 1.2 million working-age adults (ages 18–64) with a disability in New York State. The statewide employment …
https://www.osc.ny.gov/state-agencies/audits/2024/02/20/maximizing-incentives-individuals-disabilities-followState Agencies Bulletin No. 2169
… of a new program that will automatically update the Form 8233 information on the Employee Tax Data page when the form is no longer valid, to ensure employees with expired …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2169-new-program-and-control-d-report-ensure-accurate-form-8233-tax-treatyState Agencies Bulletin No. 2174
… purpose of this bulletin is to provide agency instructions for processing the 2023 CSEA ASU Work-Related Clothing … Relations (OER) memorandum dated 10/26/2023 provides for a Work-Related Clothing Allowance. Effective Dates: The … and who returns on or before 03/31/2024 is eligible for the payment upon the return from leave. Note: Payroll …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2174-2023-csea-work-related-clothing-allowance-asu-employees-representedDiNapoli: Number of Domestic Violence Victims Rises in 2022
… The number of domestic violence victims increased in 2022 by 8.5% … Need for Domestic Violence Services On the Rise The number of calls received by domestic violence and sexual …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-number-domestic-violence-victims-rises-2022DiNapoli Releases Report on Casinos' Impact on Upstate Local Tax Revenues
… potential host communities avoid the pitfalls that arise with misguided expectations about the public benefits of casinos. They are not a sure bet.” DiNapoli’s 2020 report on gaming revenues showed that all four current casinos — del Lago Resort and Casino, Rivers Casino and Resort, Resorts World Catskills, …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-releases-report-casinos-impact-upstate-local-tax-revenuesAll My Children Day Care – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs submitted by All My Children … (CFRs) were reasonable, necessary, directly related to the special education program, and sufficiently documented …
https://www.osc.ny.gov/state-agencies/audits/2022/06/08/all-my-children-day-care-compliance-reimbursable-cost-manualEnforcement of Commission Orders and Other Agreements (Follow-Up)
… our initial audit report, Enforcement of Commission Orders and Other Agreements (Report 2018-S-27 ). About the Program … the Commission seeks to ensure affordable, safe, secure, and reliable access to electric, gas, steam, telecommunications, and water services for New York’s residential and business …
https://www.osc.ny.gov/state-agencies/audits/2021/09/01/enforcement-commission-orders-and-other-agreements-follow