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DiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… DiNapoli and New York State Education Commissioner Betty A. Rosa. The full op-ed is below: We should be teaching … and investing. They become better equipped and informed to make important financial decisions in the future that … learn age-appropriate topics about money; its value; how to save, invest and spend; and how to budget as the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsPension Payment Option Election – Divorce and Your Benefits
… At retirement, a member must elect a pension payment option, which determines how the retirement benefit will be … is only available to members with a DRO that requires its election. The Special Joint Allowance provides the member …
https://www.osc.ny.gov/retirement/members/divorce/pension-payment-option-electionState Agencies Bulletin No. 1049
… employee due to a reduction in force. RFR – Refuse Reassignment To report the separation of a permanent employee who refuses horizontal reassignment due to the abolishment of positions. RPT – Reemp …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1049-information-regarding-processing-layoff-transactions-payservDiNapoli Identifies Problems With Low-Cost Power Program
… on some of the auditors’ recommendations, but needs to do more. NYPA should take the measured steps recommended by … auditors examined 41 applicants and found 18 mistakes in how data was entered, causing one company to not get power. When auditors examined whether NYPA properly …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-identifies-problems-low-cost-power-programState Agencies Bulletin No. 920
… be returned with a completed Next of Kin Affidavit ( Form AC 934-P ) and a Report of Check Exchange ( Form AC 1476-P ). For recipients of a previously deceased …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/920-pef-firearms-training-and-safety-incentive-programeBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… gender and racial diversity among the qualities its seeks in its board members. When DiNapoli and Trillium filed their … and had no stated policy that it made diversity a priority in constituting its board. Within months of receiving the … women and individuals from minority groups to include in the pool from which Board nominees are chosen.” In its …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersCompliance With the Sewage Pollution Right to Know Act and Monitoring and Enforcement of State Pollutant Discharge Elimination System Permit Requirements (Follow-Up)
… Department and local health department within 2 hours of discovery and to notify the public and affected and adjoining municipalities within 4 hours of discovery. To ensure appropriate notification, the Department …
https://www.osc.ny.gov/state-agencies/audits/2022/05/26/compliance-sewage-pollution-right-know-act-and-monitoring-and-enforcement-state-pollutantXII.8.E Payment Assignments – XII. Expenditures
… agencies should follow to approve the assignment of contract payments to an individual or entity other than the original contract holder. Payment assignments are commonly due to … liabilities to subcontractors or other creditors of the contract. According to the New York State Lien Law (Article …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8e-payment-assignmentsDue Diligence for Companies Holding Abandoned Funds
… the property value, so the account value exemption below does not apply to accounts for those plans. See the …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsState Comptroller DiNapoli Releases Municipal Audits
… guiding the handling of foreign fire insurance (FFI) tax money and provide oversight to ensure accurate records were … between 11 and 69 days after the collections. Find out how your government money is spent at Open Book New York . Track municipal spending, the …
https://www.osc.ny.gov/press/releases/2021/03/state-comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 1803
… not processed automatically. Affected Employees Employees in hourly positions who meet the eligibility criteria are … increased the New York State minimum wage for employees in non-governmental positions. The Director of the Budget … other non-statutory positions paid using an hourly rate. In accordance with the following bulletin the minimum hourly …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1803-december-2019-minimum-wage-increase-hourly-employeesDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… have been shortchanged because the state continues to use money in the Dedicated Highway and Bridge Trust Fund (DHBTF) to pay down debt from past projects and cover the operating … and Bridge Trust Fund for critical repairs and to increase pay-as-you-go projects as the fund was created to do. Our …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offControls Over Revocable Consents
… of Cityscape and Franchises (Office). Revocable consents are granted for a term of ten years. At the end of that … based on either a formula or a flat rate. Fees charged are assessed using criteria delineated in Title 34, Chapter 7 … consent database, and therefore do not have a consent and are not being billed. Key Recommendations Comply with the …
https://www.osc.ny.gov/state-agencies/audits/2020/09/23/controls-over-revocable-consentsState Agencies Bulletin No. 1771
… will be refunded in full. Unfortunately, there are processing limitations for AC230s received after this … W-2 Reporting The IRS considers overpayments for 2019 that are returned in 2020 to be income in 2019 for reporting … letter will be sent to the employee by OSC. Credit letters are issued during year end processing as indicated in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1771-processing-2019-salary-refunds-received-osc-after-december-27-2019-instPension Funds Break New Ground on Board Diversity
… the two companies. “Corporations with homogeneous boards are vulnerable to ‘groupthink’ which can discourage … The Fund’s agreements with Monster and Standard Pacific are the first to include this language. In previous years, … ethnicity, gender, sexual orientation and gender identity are factors in evaluating suitable candidates for Board …
https://www.osc.ny.gov/press/releases/2015/04/pension-funds-break-new-ground-board-diversitySubway Wait Assessment
… to address them. The audit primarily covers the period March 1, 2013 through February 6, 2015. Background Transit is … weighting of the three components that make up the Service-Key Performance Indicator. The System Data & Research … standard was 79.4 percent for 2013 and 80.7 percent for 2014 and 2015, with the actual results of 80.3 percent for …
https://www.osc.ny.gov/state-agencies/audits/2016/04/06/subway-wait-assessmentState Comptroller DiNapoli Releases Municipal Audits
… The clerk-treasurer did not accurately and completely account for, record and report all financial transactions in …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… communities finance water infrastructure projects making it the largest revolving fund program to protect water in the …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli Op-Ed in City & State: NY ABLE Celebrates Seven Year Anniversary
… on Saturday (10/12) on the the importance of the NY ABLE program and efforts by his office to increase access to the … better known as NY ABLE. The program helps individuals with disabilities to maintain health, independence and … allow eligible individuals with disabilities to save money in their own name without risking their public …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-op-ed-city-state-ny-able-celebrates-seven-year-anniversaryState Agencies Bulletin No. 563
… 798 Erie CC Foundation 799 Finger Lakes CC Foundation 800 Fashion Industry Foundation 801 Fulton-Mont. CC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/563-suny-foundation-deduction-codes