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DiNapoli: State Tax Collections Continue to Exceed Projections
… pandemic,” DiNapoli said. “Strong tax collections, coupled with an unprecedented infusion of federal aid, give the state … from final returns and extension requests associated with annual filings increased this year. Fiscal year-to-date … The state’s General Fund ended the first quarter with a balance of just under $15.5 billion, $5.8 billion …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsDiNapoli: Local Sales Tax Collections Growth Accelerates in 3rd Quarter
… 57 counties, a marked improvement over the growth through June when 15 counties saw declines. Westchester County … in year-to-date collections. The report noted that in June of 2019, a new requirement that internet marketplace …
https://www.osc.ny.gov/press/releases/2019/11/dinapoli-local-sales-tax-collections-growth-accelerates-3rd-quarterOpinion 89-61
… villages (1972 Opns St Comp No. 72-900, unreported). With respect to the elimination of the office of village …
https://www.osc.ny.gov/legal-opinions/opinion-89-61Service Credit Purchase Payments – Legacy Reporting
… Purchase Payments Mandatory purchases of ERS service on or after July 1, 1989, are covered under Section 414(h) of … Internal Revenue Code. Mandatory purchases of PFRS service on or after October 1, 2013, are also covered under Section …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsState Agencies Bulletin No. 1037
… Purpose To describe the new process for withholding taxes and reporting wages when an overpayment originated in a prior … in the “Details on New Process” section under the heading “Impact on Employee” in this bulletin. Federal Withholding Tax …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1037-taxation-recovered-salary-overpaymentsState Agencies Bulletin No. 1728
… for their Redesign Project, the Bureau of State Payroll Services has activated the New York Retiree Indicator … year end for W-2 purposes. OSC Actions The Bureau of State Payroll Services will share this data with NYSLRS weekly … regarding the PayServ entry can be directed to the Payroll Retirement Mailbox. … To request agency action and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1728-new-york-retiree-indicatorState Agencies Bulletin No. 1793
… a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees New York State employees … are members of the VDC are affected. Background On March 16, 2012, the Governor signed legislation creating Tier 6. … the Benefit Plan based on the agency’s review of the “two-year look back” salary. The public query, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1793-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcBorrowing Against Your Contributions – Career Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsDiNapoli: Local Sales Tax Collections Drop for Second Quarter of 2020
… in the second quarter compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. … $3.3 billion, which was $1.2 billion less than last year. Collections for the month of June showed some … to the significant drops in April and May, and many had year-over-year June increases. “Although there was a glimmer …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-local-sales-tax-collections-drop-second-quarter-202020-Year Benefit (Section 384-d) – Special 20- and 25-Year Plans
… 6 members under Sections 384 384d and 384e 20Year Benefit Section 384d …
https://www.osc.ny.gov/retirement/publications/1517/20-year-benefit-section-384-dBorrowing Against Your Contributions – New Career Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsBorrowing Against Your Contributions – Non-Contributory Plan with Guaranteed Benefits
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1513/borrowing-against-your-contributionsBorrowing Against Your Contributions – Police and Fire Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1512/borrowing-against-your-contributionsDisability Retirement – Divorce and Your Benefits
… benefit constitutes marital or separate property in a matrimonial action. Whether a member’s disability …
https://www.osc.ny.gov/retirement/members/divorce/disability-retirementState Agencies Bulletin No. 1833
… in Bargaining Unit 01 and Bargaining Unit 21 who have a Payroll Status of Active, Leave With Pay, or Leave of Absence … Questions regarding transactions may be directed to the Payroll Earnings mailbox. Questions regarding taxes may be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1833-april-2020-increase-location-pay-downstate-adjustment-and-location-payIRS Pension Limitation – Article 14 Benefits
… Local Retirement System, may use in calculating benefits. Section 401(a)(17) affects members who join on or after April …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationState Comptroller DiNapoli Releases School District Audits
… fund balance, it increased to approximately 26%, as of June 30, 2021, exceeding the 4% statutory limit. Despite reporting … increased the real property tax levy by 6.8% from 2017-18 through 2021-22 and levied more taxes than needed to fund …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-school-district-audits-0NY State Comptroller DiNapoli Calls on Companies to Adopt Better Workers' Rights Policies
… unions, without interference, and collectively bargain can help improve workers’ health and safety, as well as … own policies can pose reputational and financial risks for businesses. We’re proud to make that standard clear to … company’s board of directors to commission and oversee an independent, third-party assessment of the company’s …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-calls-companies-adopt-better-workers-rights-policiesBorrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may … or disability). The loan application provides examples of how much your reduction would be. How Much You Can Borrow The …
https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributionsDiNapoli: Read Fine Print on Your Holiday Gift Cards
… money could eventually get turned over to his Office of Unclaimed Funds. “After the holidays, it’s easy to lose track of your … help recover any unused balance if it’s reported to us as unclaimed funds. It is important not to wait too long to …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-read-fine-print-your-holiday-gift-cards