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Borrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… If you meet eligibility requirements, you may take a loan from … your contributions: You must be in active service and have one year of member service credit. You repay each … 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/1511/borrowing-against-your-contributionsOther Bulletin No. 18
… in the calculation of overtime compensation (refer to the Online Payroll Manual accessed from the PayServ Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-18-october-2013-state-university-construction-fund-scf-civilDiNapoli Calls on Major Corporations to Conduct Racial Equity Audits
… New York State Comptroller Thomas P. DiNapoli and the state’s pension fund today announced the filing of … audit of companies’ practices related to racial equity. The proposals were filed at Chipotle Mexican Grill , … company’s impacts on civil rights, equity, diversity and inclusion, and the impacts of those issues on the company’s …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-calls-major-corporations-conduct-racial-equity-auditsAdministrative Hearings
… Overview If you feel you were incorrectly denied a benefit, such as a … You should contact the Hearing Administration staff to submit your proposed exhibits using NYSLRS’ secure email. The … email and mailing address, and a phone number where you can be reached during the day. Anyone who has had a …
https://www.osc.ny.gov/retirement/members/administrative-hearingsDiNapoli Testifies Before U.S. House Committee on Financial Services Subcommittee on Diversity & Inclusion
… DiNapoli testified today before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion. The hearing, titled “By the Numbers: How Diversity Data Can Measure Commitment to …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-testifies-us-house-committee-financial-services-subcommittee-diversity-inclusionDiNapoli: Former Medical Office Manager Arrested for Scheme to Defraud the New York State Health Insurance Plan
… a long-term scheme to defraud the New York State Insurance Plan (NYSHIP) out of over $12,000 by submitting fraudulent … Collar Crime Task Force. “Gina Bradshaw allegedly took advantage of her position to fund her lifestyle at the … the employee from NYSHIP. The employee must then pay the provider out of pocket either with their own funds or by …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-former-medical-office-manager-arrested-scheme-defraud-new-york-state-health-insurance-planCUNY Bulletin No. CU-568
… Retirement System (7T) for the 2017 plan year is $15,721. NYCERS, NYCTRS, and NYCBERS will no longer operate with a … is the first day of the plan year for Tier 6 members of NYCERS, NYCTRS, and NYCBERS. Affected Employees Tier 6 … calendar year (January 1st to December 31st) for Tier 6 pension fund administration. A plan year defines how each …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-568-2017-tier-6-ot-limit-and-plan-year-changes-nyc-retirementDiNapoli Op-Ed in City & State: NY ABLE Celebrates Seven Year Anniversary
… it even more accessible. For example, in 2019, legislation I proposed increased the amount of savings individuals could have in their NY ABLE account. Now, the maximum account … New York to sponsor their Athlete of the Month Program, where we highlight the achievements and character of a …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-op-ed-city-state-ny-able-celebrates-seven-year-anniversaryOther Bulletin No. 49
… Pay Period 3L. The payment will be processed in a separate check ; there is no direct deposit for this payment. … 2019 SCF M/C LLS payment provided the employee: Is Active, on a Leave With Pay or on an Unpaid Military Stipend Leave in … Fund instructions for processing the April 2019 SCF MC LLS payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-49-april-2019-state-university-construction-fund-scfMorris Central School District – Fund Balance Management (2023M-47)
… years by approximately $1.1 million (10.1 percentage points) to $2 million (21 percentage points). Four of the District’s 10 reserves were not …
https://www.osc.ny.gov/local-government/audits/school-district/2023/07/28/morris-central-school-district-fund-balance-management-2023m-47Cortland Enlarged City School District - Budget Review (B4-15-12)
… appropriations for payroll, health insurance, retirement, debt and utilities by $3.2 million. The … District’s budget includes the use of $2 million from the retirement contribution reserve fund; however, estimated retirement costs are approximately …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/15/cortland-enlarged-city-school-district-budget-review-b4-15-12State Comptroller DiNapoli and Manhattan U.S. Attorney Bharara Announce Arrest of Joseph Grossmann for Defrauding New York State Pension Fund of Over $130,000
… the United States Attorney for the Southern District of New York, announced today the arrest of JOSEPH GROSSMANN for … was arrested and presented today in the District of South Carolina. Manhattan U.S. Attorney Preet Bharara said: … prosecution. My message to would-be pension scammers is this: we will find you no matter what state you are in and …
https://www.osc.ny.gov/press/releases/2016/05/state-comptroller-dinapoli-and-manhattan-us-attorney-bharara-announce-arrest-joseph-grossmannNew NY Broadband Program (Follow-Up)
… recommendations included in our initial audit report, New NY Broadband Program (Report 2020-S-19 ). About the Program … where no broadband service is available. As of July 2024, New York’s ConnectALL grantees were awarded more than …
https://www.osc.ny.gov/state-agencies/audits/2024/09/25/new-ny-broadband-program-followSubmitting Your Payment – Legacy Reporting
… payment is by direct debit. Rather than sending us a check, we can withdraw the funds electronically through the … account number and the name of the person to be notified when the account will be debited. You can mail the form … form (RS5542) as soon as possible. Check If you do not take advantage of direct debit, you must print a copy …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/submitting-your-paymentOpinion 88-14
… or statutory amendments that bear on the issues discussed in the opinion. ABANDONED AND LOST PROPERTY -- County Sheriff (disposition of unclaimed county prisoners' property) … involving infancy and insanity), this possibility does not require that the funds be treated in a manner other …
https://www.osc.ny.gov/legal-opinions/opinion-88-14Power of Attorney
… (POA) document allows someone else, referred to as the “agent,” (for example, a trusted friend or family member) to … form on record, we can discuss your information with the agent you name in your POA. For example, your agent could ask for details about your pension payments, get …
https://www.osc.ny.gov/retirement/members/power-attorneyEast Moriches Union Free School District – Financial Condition Management (2022M-1)
… the District needed to increase taxes and use appropriated fund balance to close projected budget gaps, but the … by $6.3 million, or 4.5 percent. Officials did not use the retirement contribution reserve to pay annual retirement contributions. Its excessive balance is enough to …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/east-moriches-union-free-school-district-financial-condition-managementOpinion 95-17
… This opinion represents the views of the Office of the State Comptroller at the time … longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … or a general law, relating to its property, affairs or government or those matters specifically enumerated in …
https://www.osc.ny.gov/legal-opinions/opinion-95-17Annual Employer Contributions – Employer Contributions and Rates
… for the invoice due approximately 18 months later. The 2026 invoice (current year’s invoice for the payment due … during State Fiscal Year April 1, 2024 – March 31, 2025; and The rates from the Actuarial Valuation for State Fiscal Year April 1, 2024 – March 31, 2025, which were issued in September 2024 (for more …
https://www.osc.ny.gov/retirement/employers/contributions/annual-employer-contributionsRecruitment Events
… at the State Comptroller's office, or contact recruit@osc.ny.gov for information or help with the application process. … Ferry, NY 10522 1pm - 3pm … Meet with representatives from the Office of the New York State Comptroller at an event …
https://www.osc.ny.gov/jobs/events