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DiNapoli: Second Former Mechanic at State Police Garage Pleads Guilty to Felony
… based in Oneida. Rapasadi was convicted of ordering auto parts and tools for personal use on the state police-paid account at United Auto Supply. DiNapoli’s analysis of thousands of United Auto Supply invoices found that between April 2015 and …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-second-former-mechanic-state-police-garage-pleads-guilty-felonyEfforts to Collect Delinquent Taxes (Follow-Up)
… of the five collection steps we tested: using applicable search tools to identify taxpayer resources that might be …
https://www.osc.ny.gov/state-agencies/audits/2023/03/01/efforts-collect-delinquent-taxes-followLow-Income Housing Trust Fund Program (Follow-Up)
… as a public benefit corporation in 1985 under Section 45-a of the Private Housing Finance Law, the Housing Trust Fund … development, revitalization, and preservation of low-income housing; the development and preservation of businesses; the creation of job opportunities; and the …
https://www.osc.ny.gov/state-agencies/audits/2020/04/02/low-income-housing-trust-fund-program-followCounty of Rockland – Budget Review (B6-15-21)
… includes estimated revenues of $4 million from the sale of property, which is non-recurring revenue. However, the sale of the property may not be finalized by the end of the 2016 fiscal … by $500,000. The County’s proposed 2015 budget exceeds the tax levy limit. Key Recommendations Develop and implement a …
https://www.osc.ny.gov/local-government/audits/county/2015/11/10/county-rockland-budget-review-b6-15-21Contributing Toward Your Retirement – State Police Plan
… or have 32 years of service credit, whichever comes first. For your first three years of membership, we use the annual … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementOrdinary Death Benefit – Forest Rangers Plan
… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to a monthly pension benefit. The first $50,000 of this benefit is paid in the form of group term life …
https://www.osc.ny.gov/retirement/publications/1864/ordinary-death-benefitEligibility, the Benefit and Filing – New Career Plan
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at least five years of … The Maximum Benefit For Tier 1 members, the maximum pension portion of your retirement benefit is 75 percent of …
https://www.osc.ny.gov/retirement/publications/1515/eligibility-benefit-and-filingEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… Eligibility Tier 1 Members: You are eligible to retire at age … Tier 1 2 3 Article 11 5 and 6 members under Section 375e Eligibility The Benefit and …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingOrdinary Death Benefit – State University Police Plan
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, … requirements and your death is not attributable to an on-the-job accident. The beneficiaries of active (not … should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary. …
https://www.osc.ny.gov/retirement/publications/1823/ordinary-death-benefitOrdinary Death Benefit – En-Con Police Officers Plan
… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility requirements … attributable to an on-the-job accident. The beneficiaries of active (not retired) members generally are not entitled to a monthly pension benefit. The first $50,000 of this benefit is paid in the form of group term life …
https://www.osc.ny.gov/retirement/publications/1822/ordinary-death-benefitOrdinary Death Benefit – Regional State Park Police Plan
… beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility … pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitOverview – Contribution Stabilization Program
… are eligible to amortize. If you are eligible, you can opt into the program now or in the future by submitting a … NYSLRS public employers can participate in the Contribution Stabilization Program for …
https://www.osc.ny.gov/retirement/employers/csp/overviewDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… March 31, 2024, the Fund had 42.85% of its assets invested in publicly traded equities. The remaining Fund assets by … It has consistently been ranked as one of the best managed and best funded plans in the nation. Links Fund’s historic value …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli Orders Divestment of Russia Holdings
… New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today … from Russian companies and continued his prohibition of any further investments in them. On March 1, following Russia’s invasion of Ukraine, DiNapoli announced the Fund would freeze all new …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsNYS Common Retirement Fund Reports Second Quarter Results
… Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the … P. DiNapoli. It ended the quarter with an estimated value of $267.8 billion. “Market volatility brought returns down … and risk management that has positioned us as one of the nation’s strongest public pension plans.” The Fund's …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2021-22 was 5.82% for the … P. DiNapoli. It ended the quarter with an estimated value of $268.3 billion. “The financial markets remain strong, as … disruptions and unpredictable market swings. We are one of the best funded retirement systems in the nation because …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… DiNapoli announced today an estimated 13.02 percent rate of return for the New York State Common Retirement Fund … year for us. The Fund grew in value to a historic high of $176.2 billion," DiNapoli said. “The strength of the domestic equity market, coupled with strong private …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionDiNapoli: Former State Employee Arrested for Falsely Claiming She Never Received $4K Loan Check from New York State and Local Retirement System
… of Education employee, Shannon Brady, 52, of Albany, was arrested for allegedly falsely claiming to the New York State … of Education employee Shannon Brady 52 of Albany was arrested for allegedly falsely claiming to the NYSLRS that …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-state-employee-arrested-falsely-claiming-she-never-received-4k-loan-check-new-yorkDisability Benefits
… Important facts members need to know about disability retirement …
https://www.osc.ny.gov/retirement/members/disability-benefitsIRS Pension Limitation – Special 20- and 25-Year Plans
… Internal Revenue Code Section 401(a)(17) limits the amount of earnings that qualified pension … affects members who first join on or after April 1, 1996, and excludes earnings over $345,000 from April 1, 2024 – March 31, 2025. The amount is set by federal law and is periodically adjusted for inflation. …
https://www.osc.ny.gov/retirement/publications/1517/irs-pension-limitation