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DiNapoli: Audit Shows Health Department Overpaid Certain Medicaid Managed Care Premiums
… overpaid managed care organizations nearly $19 million for the state fiscal year 2014-15, in part, because of a flaw … costs in check and save taxpayers millions of dollars.” For the state fiscal year ended March 31, 2015, New York’s … managed care. Medicaid pays MCOs a monthly premium payment for each enrolled Medicaid recipient and the MCOs arrange for …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-audit-shows-health-department-overpaid-certain-medicaid-managed-care-premiumsDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… performed well over the past year despite the challenges in the market,” DiNapoli said. “We achieved a solid return on investments in the midst of global volatility thanks to our talented … The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionPension Payment Option Election – Divorce and Your Benefits
… Options Joint Allowance options are based on the member’s birth date and the birth date of one beneficiary. The beneficiary will receive a … with a reduced lifetime benefit based on the member’s birth date and the birth date of the ex-spouse. If the …
https://www.osc.ny.gov/retirement/members/divorce/pension-payment-option-electionDiNapoli: School District Revenue Growth Slows
… State Comptroller Thomas P. DiNapoli. The report is part of DiNapoli’s fiscal stress initiative which is focusing … their rainy day funds are limited. While this combination of factors has forced school districts to tighten their … facing school districts and how we balance the impact of fiscal stress against efforts to hold down property …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsState Agencies Bulletin No. 1617
… of Check Return for Refund or Exchange) and the impact on the employee’s 2017 Form W-2 (Wage and Tax Statement) and … limitations for AC230s received after this date. Impact on Employee Form-W2 Reporting The IRS considers overpayments … have the income reported or subject to taxation. Impact on Recovery of Taxes OSC has a limited ability to recover …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1617-processing-2017-salary-refunds-received-osc-after-december-29-2017-instBorrowing Against Your Contributions – Regional State Park Police Plan
… If you meet eligibility requirements, you may take a loan from … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsEarnings Limits
… Overview The earnings included in the calculation of your final average earnings (FAE) , which is used to determine your NYSLRS … employer should not withhold member contributions from earnings above the limit. For Members Who Joined NYSLRS On … The earnings included in the calculation of a NYSLRS pension may …
https://www.osc.ny.gov/retirement/members/earnings-limitsNYS Comptroller DiNapoli Seeks Answers From Companies on Sexual Harassment and Racial Discrimination
… companies Activision Blizzard Inc. , Tesla Inc. and Starbucks Corp. requesting they report on their efforts to … against Tesla for its racially hostile work environment. Starbucks recently resolved allegations made by the Equal … portfolio companies Activision Blizzard Inc Tesla Inc and Starbucks Corp requesting they report on their efforts to …
https://www.osc.ny.gov/press/releases/2022/02/nys-comptroller-dinapoli-seeks-answers-companies-sexual-harassment-and-racial-discriminationComptroller DiNapoli and AG Schneiderman Announce Sentencing in Theft of Over $274,000 in State Pension Benefits
… New York State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman today announced … County Court to 5 months in jail, $200,000 in restitution and signed a confession of judgment in the amount of $74,920.16 for stealing $274,920.16 in New York …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-theft-over-274000-state-pension-benefitsState Agencies Bulletin No. 1598
… changes that must occur when an employee is Retired and Rehired. Affected Employees: Employees that have a Retire Job Action followed by a Rehire Job Action and whose ORP or VDC Savings Plans panel is set to Elect are … identified several individuals that are currently Retired and Rehired in PayServ who still show as Elect in the Savings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1598-terminating-retirement-plans-active-employees-prior-job-action-retireDiNapoli: Wall Street Bonuses Declined in 2010
… rates. "Cash bonuses are down, but that's not an indicator of a weakness on Wall Street," DiNapoli said. "Wall Street is … in response to regulatory reforms adopted in the aftermath of the greatest financial meltdown since the Great … Past practices rewarded short-term gains at the expense of long-term profitability." "The industry's greater emphasis …
https://www.osc.ny.gov/press/releases/2011/02/dinapoli-wall-street-bonuses-declined-2010Newburgh Fire Chief Charged in White Plains Federal Court with Fraudulently Obtaining Retirement Benefits
… of New York, and Diego Rodriguez, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau … him with fraudulently obtaining approximately $95,000 in pension benefits by failing to report his return to work in the public sector to the New York State and Local Police …
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsOverview – Governmental Accounting Standards Board
… GASB standards, Statement No. 67 and Statement No. 68 , outline how pension plan liabilities are accounted for and …
https://www.osc.ny.gov/retirement/employers/gasb/overviewDiNapoli Releases Report on Nonprofit Industry
… 1.3 million jobs to New Yorkers, just over 1 in 6 private sector jobs in the state. While the number of nonprofits … nonprofit organizations in the U.S., 3.1% of all private sector establishments. With 33,536, nearly 1 in 10 of these … were located in New York, comprising 5% of the private sector statewide. Nonprofits provided 12.8 million jobs …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-releases-report-nonprofit-industryDiNapoli: Pennsylvania Man Impersonated Deceased Father to Steal His NYS Pension and Social Security Payments
… October 2017 through October 2022, Gritman stole $117,194 in pension benefits from the New York State and Local Retirement System and $87,790 in Social Security benefits. “Timothy Gritman hid his … to the work of my investigative team and our partners in law enforcement, he has been brought to justice. My office …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-pennsylvania-man-impersonated-deceased-father-steal-his-nys-pension-and-social-securityPartial Lump Sum Payment – State Police Plan
… your monthly benefit will be permanently reduced . For most members, you will receive your PLS along with your … your retirement month. Eligibility To be eligible for the PLS payment, you must: Retire under a special 20- or … been eligible to retire with a service retirement benefit for at least one year before your date of retirement; and …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentDiNapoli: Local Sales Tax Collections Grew 12.7% to $22.1 Billion in 2022
… Local government sales tax collections in New York state totaled $22.1 billion in calendar year … from 2021 due to strong sales statewide, especially in New York City, according to a report released today by … Local government sales tax collections in New York state totaled $221 billion in calendar year 2022 …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-127-221-billion-2022DiNapoli: Former State Employee Arrested for Falsely Claiming She Never Received $4K Loan Check from New York State and Local Retirement System
… received a $4,055 loan check to get a replacement check in the same amount. Both checks were then cashed separately. … a request to NYSLRS for a loan against her pension in the amount of $4,055. After she received the check, Brady … loan check and Brady was sent a new one, which she cashed. In the meantime, the third party had deposited the original …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-state-employee-arrested-falsely-claiming-she-never-received-4k-loan-check-new-yorkOpinion 97-3
… This opinion represents the views of the Office of the State … village and, in at least some cases, date from the 1930s. For purposes of this opinion, we assume that none of the … 1092 and 1094, but before January 1, 1995 (see, e.g., 30 Opns St Comp, 1974, p 46; 25 Opns St Comp, 1969, p 36). …
https://www.osc.ny.gov/legal-opinions/opinion-97-3DiNapoli: MTA Financial Outlook Improved
… increases occurred as the Great Recession took a heavy toll on family finances. The MTA plans to raise fares and … 2016, the highest level since 1949. The Long Island Rail Road, Metro-North and the MTA’s bridges and tunnels are also … down long-term liabilities, or moderate future fare and toll increases. The MTA assumes that revenues will grow at …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-mta-financial-outlook-improved