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Are You Vested? And What It Means
… you meet the minimum age requirements established by your retirement plan. Vesting is automatic; you do not have to … to become vested. Tier 1, 2, 3 or 4 members who have at least five years of credited service are vested. As of … your full retirement age, reductions to retire early or the cost to purchase previous service. If you were a …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… The procedures that follow pertain to the refund or return of federal funds to the U.S. Treasury or U.S. Department of Education due to: Excessive cash balances on deposit that … the award. SINGLE PAYMENT VOUCHER To generate a refund of federal funds by check to the U.S. Treasury or U.S. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryState Comptroller DiNapoli Releases Analysis of Enacted State Budget
… Fiscal Year (SFY) 2019-20 Enacted Budget includes actions to manage spending and generate nearly $1 billion in … earners, and broader imposition of the sales tax on online sales. The state Division of the Budget (DOB) … does not require such a database or specify details as to how it should be structured or what type of information it …
https://www.osc.ny.gov/press/releases/2019/04/state-comptroller-dinapoli-releases-analysis-enacted-state-budgetCUNY Bulletin No. CU-430
… Fine 425 Repay State Loans/Debt 426 Higher Ed Repay State Loan 445 HC Flexible Spending 582 CUNY SS/Med Deficiency …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-430-retroactive-rate-increases-and-lump-sum-payment-locksmithsEmployer Annual Invoice
… . Payment of your annual invoice is due by February 1, 2025. Since February 1, 2025 falls on a Saturday, we will … Edge . If you use a different browser, your information may not display properly or you may experience other … Contribution is calculated by multiplying the employee’s salary by the rate for the plan and options. Group Term …
https://www.osc.ny.gov/retirement/employers/employer-annual-invoiceState Agencies Bulletin No. 1859
… in this bulletin. Agencies must always forward payroll checks to the appropriate entity as soon as possible. As part of OSC’s Uncashed Payroll Check Outreach, any paychecks issued in 2019 … that are not cashed, reversed, or reissued will be turned over to the Office of Unclaimed Funds in April 2021. Outreach …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1859-schedule-submitting-2020-year-end-returned-checksState Agencies Bulletin No. 1959
… Purpose The purpose of this bulletin is to notify agencies of the 2021 Year End processing schedule … the efficiency of AC230 processing and ensure accuracy of W-2 reporting for 2021, agencies must submit AC230s to OSC in accordance with the processing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1959-schedule-submitting-2021-year-end-returned-checksEmployer Certification Form
For NYSLRS employers to certify report information is correct and designate a security coordinator.
https://www.osc.ny.gov/files/retirement/forms/pdf/employer-certification-form.pdfDiNapoli: Read the Fine Print on Your New Gift Card
… money could eventually get turned over to the Office of Unclaimed Funds. “After the holiday season wraps up, many New … track of their gift cards,” DiNapoli said. “Last year my office received over $13 million worth of unused cards. As … see if they are owed money and visit www.osc.state.ny.us . Find out how your government money is spent at Open Book New …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-read-fine-print-your-new-gift-cardState Agencies Bulletin No. 1617
… late submission of Form AC230 (Report of Check Return for Refund or Exchange) and the impact on the employee’s 2017 … Affected Employees Employees who have a salary refund (AC230) submitted and processed after the December 29, … late submission of Form AC230 Report of Check Return for Refund or Exchange and the impact on the employee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1617-processing-2017-salary-refunds-received-osc-after-december-29-2017-instState Agencies Bulletin No. 1249
… Purpose To inform agencies of OSC’s automatic processing of the April … as explained in Budget Bulletin D-1127. Agencies should submit a Data Chg on the Job Action Requests page using the … listing should be submitted on the Correction Sheet . The form may be duplicated if additional copies are needed. Add …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1249-april-2012-management-and-confidential-mc-longevity-lump-sum-llsWritten Notices
Written notices identifying contracts that authorities must submit for prior approval
https://www.osc.ny.gov/files/public-authorities/pdf/written-notices.pdfDiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020
… in year-over-year taxable sales, with the biggest hits in March-May, although sales improved slightly in the …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-statewide-local-sales-tax-collections-declined-10-percent-2020State Agencies Bulletin No. 1354
… Purpose To inform agencies of new file layouts for inbound and outbound file interfaces to PayServ to reflect the conversion from legacy cost centers … necessary changes to their internal systems to accept (or submit) these new layouts. Testing of these new file layouts …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1354-new-york-state-payroll-system-payserv-conversion-statewide-financialState Agencies Bulletin No. 1405
… Purpose To inform agencies of OSC’s automatic processing of the April … D-1131. If the full value is withheld, the agency should submit a Data Chg on the Job Action Requests page using an … listing should be submitted on the Correction Sheet . The form may be duplicated if additional copies are needed. Add …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1405-april-2015-management-and-confidential-mc-longevity-lump-sum-llsNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… report notes that the performance of the Long Island Rail Road (LIRR) and the subway system has recently worsened. … one-third of the subway fleet is now more than 30 years old and about 40 percent of the signals in the system are more than 50 years old. The sharp growth in subway ridership over the past 15 …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesXI.6.B Quick Contracting – Construction – XI. Procurement and Contract Management
… Quick Certification executed by authorized staff A vendor responsibility determination and all required …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi6b-quick-contracting-constructionState Comptroller DiNapoli Releases Municipal & School Audits
… audited these claims. The treasurer paid 18 claims for health insurance reimbursements and credit card purchases totaling …
https://www.osc.ny.gov/press/releases/2023/11/state-comptroller-dinapoli-releases-municipal-school-auditsEmployer Education Seminars
… they’ve earned. We value your partnership and want to ensure you have the information you need—that’s why we … of April, May, September and October. (Return to Top) How to Participate Invitations are sent based on the … information about our upcoming seminars, use our help desk form (select Employer Seminar Inquiry from the dropdown) or …
https://www.osc.ny.gov/retirement/employers/employer-education-seminarsReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose from several … which provides the maximum amount payable during your lifetime, with nothing payable to a beneficiary upon …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-election