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DiNapoli: State Pension Fund Value $194.3 Billion
… Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, … its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020. “Despite very solid returns …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… New sources of recurring revenue in the state’s final budget and other aid, including expected … Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The MTA received the State funding it … New sources of recurring revenue in the states final budget and other aid including expected …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsState Agencies Bulletin No. 1149
… Affected Employees Certain seasonal hourly employees in the Department of Environmental Conservation (09180) and … (49xxx) who meet the eligibility criteria and are in Bargaining Units 02, 03, 04 and 05 represented by CSEA and … period of the fiscal year. If the employee is not Active in the first pay period of the fiscal year, the Longevity …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1149-april-2012-50000-longevity-payments-long-term-seasonal-employeesState Agencies Bulletin No. 1435
… Officers and the Office of the State Comptroller (OSC) in reconciling employees’ social security numbers and names in the NYS payroll system (PayServ) with the Social Security … Officers must reconcile social security numbers and names in PayServ with SSA. Internal Revenue Code §6721 imposes a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1435-verification-employees-social-security-number-ssn-and-name-be-reportedComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by New Jersey Woman Over Theft of More Than $162,000 in New York State Pension Benefits
… Investigations Division which is led by Chief Investigator Dominick Zarrella. The Comptroller and Attorney General thank …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-new-jersey-woman-over-theft-more-162000EDSS - Contract Reporter Exemption Request Help
… with an asterisk, and you will not be allowed to continue in the EDSS application until those fields are complete. For … ID field and then list the vendors and their Vendor IDs in the justification, or attach the Vendor Award list. Why does it say "New" in the SFS CRERID field? The system says NEW because this …
https://www.osc.ny.gov/state-agencies/contracts/edss-contract-reporter-exemption-request-helpNew Customer-Focused Subway Metrics
… corporation chartered by the New York State Legislature in 1965. Transit is an agency of the MTA that operates New … and performance indicators. One of the goals the MTA cites in its annual report is to provide on-time and reliable service to customers. In July 2017, the MTA prepared a Subway Action Plan (Plan) to …
https://www.osc.ny.gov/state-agencies/audits/2020/01/17/new-customer-focused-subway-metricsCity of Newburgh – Budget Review (B24-6-9)
… in fiscal year 2025-26. The 2025 proposed budget includes sale of metered water revenue of $7.3 million and sewer usage … and amend as necessary. Review the estimates for sale of metered water revenue and sewer usage revenue and …
https://www.osc.ny.gov/local-government/audits/city/2024/11/15/city-newburgh-budget-review-b24-6-9State Agencies Bulletin No. 1123
… Affected Employees Certain salaried and hourly employees in the CSEA Operational Services Unit (BU03) in eligible agencies and titles Effective Date(s) Payments may be made in Pay Period 20L, paychecks dated 1/26/12 (Institution) and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1123-2011-tool-allowance-payment-csea-operational-services-unit-bargainingDiNapoli: Trouble Ahead for Local Governments and Schools
… local governments’ revenues and its impact will likely be severe for many municipalities’ finances, according to a … financial assistance to help states and local governments weather difficult times. Between 2008 and 2010, in response …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-trouble-ahead-local-governments-and-schoolsDepartment of Transportation Bulletin No. DOT-32
… To provide the Department of Transportation instructions for processing the 2018 Call-Out Response Payment. Affected … the Civil Service Employees Association (CSEA), provides for a call-out response payment to eligible employees at the … be made in a separate check. There is no direct deposit for this payment. Eligibility Criteria In recognition of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-32-2018-call-out-response-payment-fiscal-year-2017-2018The Domestic Relations Order – Divorce and Your Benefits
… determine that the member’s ex-spouse is entitled to share in the member’s benefit. Therefore, we will honor a properly … unlike a private pension plan, the rights of membership in NYSLRS belong only to the member. The spouse of a member … and surviving spouse protections of ERISA do not apply in the case of a state governmental plan. All rights given to …
https://www.osc.ny.gov/retirement/members/divorce/domestic-relations-orderCreditable Service – Special 20- and 25-Year Plans
… 383-e (20-year plan) What type of service is creditable in this plan? Creditable service (service which can be used to calculate your pension benefit) in this plan includes: SUNY Police Officer SUNY Peace Officer … Transportation Authority Police Pension Fund Service in the U.S. military, as specified by law What type of …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/creditable-serviceXI.2.D Vendor Name on Contractual Agreements – XI. Procurement and Contract Management
… State agencies should reference the contractor’s legal name in the contractual agreement. In certain instances it may be appropriate to reference an alternative name or alias (e.g. Doing Business As “DBA”) for a contractor … in a contractual agreement. Should an alternative name or alias be used or referenced, the contractual …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2d-vendor-name-contractual-agreementsWho to Report – Enhanced Reporting
… When you use enhanced reporting, you not only report data on employees who are enrolled NYSLRS members, you … Employees who are eligible for membership, but chose not to join NYSLRS; Retirees (from any of the eight public … and Social Security Law (RSSL); and Public retirees you have hired as contractors or consultants, as their earnings …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/who-to-reportAnthem Blue Cross – Effectiveness of the Recovery Process
… by a hospital, skilled nursing facility, or hospice. In addition to processing and paying hospital claims for … either failed to recover or remit over $19.3 million in hospital claim overpayments to Civil Service. We found … to determine the recoverability of about $15.1 million in overpayments it identified, and was unable to accurately …
https://www.osc.ny.gov/state-agencies/audits/2026/01/06/anthem-blue-cross-effectiveness-recovery-processState Agencies Bulletin No. 1375
… this publication, visit the Internal Revenue Service website at http://www.irs.gov/pub/irs-pdf/p15.pdf . The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1375-summary-tax-related-changes-2015City of Newburgh – Budget Review (B21-6-13)
… the significant revenue and expenditure projections in the City’s 2022 proposed budget were reasonable. Background The City of Newburgh, located in Orange County, is authorized by Chapter 223 of the Laws of … to exceed $15 million to liquidate the accumulated deficit in the general fund as of December 31, 2010. During the time …
https://www.osc.ny.gov/local-government/audits/city/2021/11/10/city-newburgh-budget-review-b21-6-13Earnings Limits – Enhanced Reporting
… Limit April 1, 2026 – March 31, 2027 $360,000 April 1, 2025 – March 31, 2026 $350,000 April 1, 2024 – March 31, 2025 … Beginning January 1, 2021 $250,000 January 1, 2020 through December 31, 2020 $225,000 January 1, 2019 through December 31, 2019 $200,000 April 1, 2012 through December 31, …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/earnings-limitsTier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan
… two death benefits. If you chose death benefit one and you die while in active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and meet the eligibility criteria, your … not to exceed three years of salary. For example, if you die after one year of service, your beneficiary would receive …
https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefits