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Fairport Central School District - Payroll and Employee Benefits (2023-118)
… District (District) officials accurately paid employees and properly calculated employees’ leave accruals. Key … generally paid the 33 employees we tested accurately and properly calculated their leave accruals. However, we … officials generally agreed with our recommendations and have initiated or indicated they planned to initiate …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/15/fairport-central-school-district-payroll-and-employee-benefits-2023-118Retroactive Payments – Legacy Reporting
… This cannot be included in your monthly report. Your letter should include the member’s name, NYSLRS ID, Social Security number, the payment amount and the time period covered by the retroactive payment. Send your letter to the Recalculation Unit in our Benefit …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/retroactive-paymentsElection Form for 25 Year Retirement Plan Sections 89, 603 or 604 – ERS Tier 3 Members Only (RS5473)
To elect to contribute under Section 89, 603 or 604, which provides a retirement of one-half of final average salary after 25 years of creditable service, qualified Tier 3 members use form RS5473.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5473.pdfXII.9.F Correcting Payments Processed Against the Incorrect Purchase Order – XII. Expenditures
… SECTION OVERVIEW AND POLICIES The purpose of this section is to provide guidance to Business Units … these errors upon detection. With the implementation of the Statewide Financial System (SFS), Business Units will … since lapsed, please see Chapter XI, Section 7.D - Refund of Appropriations Against Contract Expenditures . Process and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9f-correcting-payments-processed-against-incorrect-purchase-orderRetirement Reporting: Elected and Appointed Officials Understanding Your Responsibilities
Please print out slideshow presentation prior to watching webinar.
https://www.osc.ny.gov/files/local-government/academy/pdf/nyslrs-reporting-01-14-20.pdfRetirement Option Election Form for Tier 2 Members (RS6163-A)
For NYSLRS Tier 2 members to elect an option for how they want their monthly benefit paid at retirement and to designate one beneficiary.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6163-a.pdfRetirement Option Election Form For Tier 1 Members (RS6109-A)
For NYSLRS Tier 1 members to elect an option for how they want their monthly benefit paid at retirement and to designate one beneficiary.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6109-a.pdfDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… the report concludes. “The MTA’s finances are stable this year, but just around the corner it faces growing budget gaps … has been the largest source of funding for the MTA’s five-year capital programs, which are vital to keeping the system …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnComptroller DiNapoli Releases Municipal Audits
… appears that the president’s business owed the department at least $3,500. In addition, department officials did not …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-releases-municipal-auditsEmployer Forum - Winter 2024
A Semiannual Newsletter for Participating Employers (Payroll and Personnel Staff) of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/employer-forum-winter-2024.pdfEmployer Forum - Winter 2022-23
A Semiannual Newsletter for Participating Employers (Payroll and Personnel Staff) of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/employer-forum-winter-2022-23.pdfEmployer Forum - Spring 2023
A Semiannual Newsletter for Participating Employers (Payroll and Personnel Staff) of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/employer-forum-spring-2023.pdfEmployer Forum - Spring 2022
A Semiannual Newsletter for Participating Employers (Payroll and Personnel Staff) of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/retirement/publications/pdf/employer-forum-spring-2022.pdfInvesting in New York State, September 2014
The New York State Common Retirement Fund has a powerful, far-reaching impact on the economy of New York State.
https://www.osc.ny.gov/files/reports/special-topics/pdf/economic-investing-nys-2014.pdfSUNY Bulletin No. SU-149
… completed eight (8) years of consecutive service on or after July 2, 2007 and on or before January 1, 2008, are … completed eight (8) years of consecutive service on or after January 2, 2008 and on or before July 1, 2011, are … Earnings: $500.00 Earn End Date: 12/31/08 or one year after Effective Date Goal Balance: Leave Blank Deduction …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-149-january-1-2008-500-lump-sum-payment-certain-part-timeAccidental Death Benefit – Article 14 Benefits
… escalation. ) The benefit is paid to your beneficiaries, in this order: To your surviving spouse, provided he or she has not renounced survivorship rights in a separation agreement, until death or remarriage;* To … the accidental death benefit payments is not more than the amount of the ordinary death benefit, the difference will be …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitContract Advisory No. 19
… Subject: Go-Live Guidance for Contracts Requiring OSC Review Guidance: In preparation for the EE1 Upgrade to the State Financial System (SFS), all contract transactions in a … documented in Chapter XI, Section 2.C – Contract Funds Reservation of the Guide to Financial Operations (GFO) …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/19-go-live-guidance-contracts-requiring-osc-reviewPelham Union Free School District – Reserve Funds (2015M-366)
… year totaled approximately $67 million. Key Finding The retirement contribution reserve fund balance increased by … year 2014-15. Key Recommendation Ensure that the excess funds in the retirement contribution reserve account are used to fund …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/18/pelham-union-free-school-district-reserve-funds-2015m-366Comptroller DiNapoli Releases School Audits
… by preparing a projection of year-end fund balance for the food service fund while also improving the overall solvency … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-0Overview – What Every Employer Should Know
… employer in the System and want to know how your decision is going to affect you. Whatever your circumstances are, we … it means to participate as an employer. Our ongoing goal is to build a partnership with you that will best serve our …
https://www.osc.ny.gov/retirement/employers/partnership/overview