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DiNapoli: Ontario County Resident Pleads Guilty to Stealing Funds From New York State Retirement System
… as Banas’ friend, and was the joint holder on his bank account. Following Banas’ death, Smith Shaver withdrew his … Veterans Affairs benefit of $3,216. She closed the joint account after the withdrawals. Smith Shaver was not entitled …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-ontario-county-resident-pleads-guilty-stealing-funds-new-york-state-retirement-systemXII.6.Q Paying and Reconciling State Credit Card Charges – XII. Expenditures
… This Section provides Business Units with guidance on how pay and reconcile charges to the State Procurement, Travel and Net Cards within the … within the Statewide Financial System (SFS). In addition to the guidance contained in this section, agencies and State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6q-paying-and-reconciling-state-credit-card-chargesXIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… Pursuant to §98 of the State Finance Law, the State Comptroller shall invest and keep invested all moneys belonging to any and all funds of the State. The … Pursuant to 98 of the State Finance Law the State Comptroller shall invest and keep invested all moneys belonging to any and all funds of the State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipOperational Advisory No. 2
… Business Units of the actions OSC will take if deadlines for transaction approval are not met. Guidance: SFS … 2014 March 28, 2014 Credit Memos Credit memos submitted for approval from April 1 to March 31, which are unapproved … to the following rules: ROA vouchers that are submitted for approval from April 1 to March 20, without a …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/2-sfs-transaction-deadlinesDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… independent voice affirm our efforts,” DiNapoli said. “Our staff has helped build one of the nation’s strongest pension funds, but only with … brightest investment talent that it can in order to remain one of the best-funded public pension plans in the country,” …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDeath Benefits
… us as soon as possible. Survivors can report the death of a member using our online death report form or they can … Ordinary Death Benefit If you have at least one year of service credit and die while in active service, and your death is not the result of an on-the-job accident, your beneficiary may be entitled …
https://www.osc.ny.gov/retirement/members/death-benefitsDirect Deposit Program
… With direct deposit, your pension payment is deposited directly into your … Our Pension Payment Calendar lists the schedule of direct deposit dates by month. Not using direct deposit yet? Don’t wait to receive a check in the mail—direct … Sign up for the NYSLRS direct deposit program to receive your retirement benefits right in …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programApplication for Service Retirement (RS6037)
To apply to receive a pension benefit, NYSLRS members use form RS6037.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6037.pdfAlternative and Out-of-Service Death Benefits – Special 20- and 25-Year Plans
… Death Benefit If you die in service after you are eligible to retire, an alternative death benefit may be payable. This … public employment, your beneficiary may be entitled to 50 percent of the ordinary death benefit. …
https://www.osc.ny.gov/retirement/publications/1517/alternative-and-out-service-death-benefitsAlternative and Out-of-Service Death Benefits – State Police Plan
… pension reserve that would have been established under the State Police retirement plan (Section 381-b) had you retired …
https://www.osc.ny.gov/retirement/publications/1518/alternative-and-out-service-death-benefitsCost-of-Living Adjustment – Forest Rangers Plan
… (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years; or Receiving a disability pension for five or more years. When you die, if you selected an … Forest Rangers Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383c …
https://www.osc.ny.gov/retirement/publications/1864/cost-living-adjustmentCost-of-Living Adjustment – State University Police Plan
… (COLAs) when you are: Age 62 or older and retired for five or more years; Age 55 or older and retired for ten or more years; or Receiving a disability pension for five or more years. When you die, if you selected an … State University Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383d …
https://www.osc.ny.gov/retirement/publications/1823/cost-living-adjustmentCost-of-Living Adjustment – En-Con Police Officers Plan
… requirements, including age and number of years retired, your retirement benefit will permanently increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the … to your beneficiary, and the beneficiary is your spouse, he or she will be eligible to receive half of the COLA amount …
https://www.osc.ny.gov/retirement/publications/1822/cost-living-adjustmentCost-of-Living Adjustment – Regional State Park Police Plan
… increase each year. This adjustment, subject to pension caps and limitations, is 50 percent of the previous … retired for ten or more years; or Receiving a disability pension for five or more years. When you die, if you selected … Tier 1 2 3 5 and 6 members covered by Section383a Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1867/cost-living-adjustmentExamples from GASB Statement 34 - Statement of Fiduciary Net Assets
… Fiduciary Net Assets Fiduciary Funds December 31, 2002 Employee Retirement Plan Private-Purpose Trusts Agency Funds … 80,000 Municipal bonds 6,528,019 Corporate bonds 16,320,047 Corporate stocks … NET ASSETS: Held in trust for pension benefits and other purposes $65,796,103 $ 80,776 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsContract Advisory No. 29
… Subject : Electronic Documents Submission System (EDSS) Host Agency Guidance : The Office of … Bureau of Contracts (BOC) Electronic Documents Submission System (EDSS) has launched a new function that … State Office of the State Comptroller Electronic Documents Submission System (EDSS) Hosting Access (AC3347) form for the …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/29-electronic-documents-submission-system-edss-host-agencyNew York’s Economy and Finances in the COVID-19 Era (March 18, 2021)
… an overall negative impact in their business in the first week of March 2021, according to the U.S. Census Bureau. The … negative impacts has been consistently greater than the national average, which has also declined more quickly. In … nationally reported a negative impact; by the first week of March that figure declined 18 percent to 72 percent. …
https://www.osc.ny.gov/reports/impact-covid-19-march-18-2021Forms for State Agencies and Employees
… Form # Form Name and Resources Format Accounting AC 22‑S … Agreement Word AC 3270‑S Competitive Grants Procurement Record Checklist Word AC 3271‑S New York State Consultant … obsolete and has been replaced by form AC 132-S AC 132‑S Employee Report of Travel Expenses and Claim for Payment …
https://www.osc.ny.gov/state-agencies/formsNY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk
… equities, fixed income, real estate and alternative instruments. …
https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-riskNYS Common Retirement Fund Announces First Quarter Results
… The remaining Fund assets by allocation are invested in cash, bonds and mortgages (23.6 percent), private equity (8.3 …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-results