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Applying for Previous or Military Service Credit – New Career Plan
… To receive credit for any type of previous or military … must be received before your effective date of retirement) to our Member & Employer Services Bureau. Please include as … you are seeking credit. We will determine your eligibility to receive the credit and any cost involved. Requesting …
https://www.osc.ny.gov/retirement/publications/1515/applying-previous-or-military-service-creditApplying for Previous or Military Service Credit – Non-Contributory Plan with Guaranteed Benefits
… To receive credit for any type of previous or military … must be received before your effective date of retirement) to our Member & Employer Services Bureau. Please include as … you are seeking credit. We will determine your eligibility to receive the credit and any cost involved. Requesting …
https://www.osc.ny.gov/retirement/publications/1513/applying-previous-or-military-service-creditApplying for Previous or Military Service Credit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… To receive credit for any type of previous or military … must be received before your effective date of retirement) to our Member & Employer Services Bureau. Please include as … you are seeking credit. We will determine your eligibility to receive the credit and any cost involved. Requesting …
https://www.osc.ny.gov/retirement/publications/1511/applying-previous-or-military-service-creditVIII.1.A Accounts Payable Journal Vouchers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… appropriations. APJV transactions can only be submitted online and are not available through bulkload. Adjusting …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1a-accounts-payable-journal-vouchersIX.7.J Final Reports – IX. Federal Grants
… federal award records before the final report is prepared and filed with the federal awarding agency. At any time prior …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7j-final-reportsContract Advisory No. 33
… public works contracts subject to Labor Law § 220-i to the Bureau of Contracts for approval, a contractor’s timely proof …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/33-dol-public-work-contractor-registryState Comptroller DiNapoli and Manhattan D.A. Bragg Announce Indictment of Former NYU Director of Finance for $3.5M Fraud
… million 6-year fraud relating to two New York University (“NYU”) programs. TAPPE used her position as the Director of … home in Connecticut and an $80,000 swimming pool. TAPPE is charged in a New York State Supreme Court indictment with one count of …
https://www.osc.ny.gov/press/releases/2022/12/state-comptroller-dinapoli-and-manhattan-da-bragg-announce-indictment-former-nyu-director-finance-35mIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… funds); Any other accounting adjustment that results in an increase in federal fund cash that will not be immediately disbursed … the award may not have been closed by the awarding agency in the applicable draw system. If the award is open in the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… June 3, 2021 Edition Pre-Pandemic Improvements in Employment Rates for … economic shutdown led to soaring unemployment rates in New York, which peaked at 16.2 percent in April 2020. Since then, …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021II.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… funding progress for other postemployment benefits and pension plans. Budgetary comparison schedules should present … Benefit Trust. The required supplementary information for pension plans should include schedules of the proportionate share of the net pension liabilities, employer contributions, and changes in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… Thomas P. DiNapoli today announced a $3 billion increase to the New York State Common Retirement Fund’s (Fund) … Investment Program, raising its total commitment to $10 billion. "Climate change poses a significant threat to … including ExxonMobil and Duke Energy , to examine how goals of the Paris Agreement will impact their business, …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programTier 1 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Ordinary Death Benefit This benefit is equal to 1/12th (8.33 percent) of … your years of service credit up to 36 years. Alternative Death Benefit If you die while in service, but after having become eligible to retire, …
https://www.osc.ny.gov/retirement/publications/1511/tier-1-death-benefitsNew York City’s Uneven Recovery: Youth Labor Force Struggling
… (compared to 15.9 percent in the rest of the nation) and a labor force participation rate (or those working or actively seeking work as a share of the working age population) of 40.8 percent … nation, 8.9 percent were, suggesting that greater reliance on the slow-to-recover industry may be driving the …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-youth-labor-force-strugglingLicensing and Monitoring of Proprietary Schools (2019-S-68)
To determine whether the State Education Department’s Bureau of Proprietary School Supervision is verifying that schools have sufficient resources prior to initial licensing; and whether the Bureau is adequately monitoring schools and utilizing its database to look for warning flags of future ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s68.pdfLaw Pertaining to SUNY Police Officers
… Overview 2 A law pertaining to SUNY police officers was enacted on December 18, 2015. … I transfer from ERS to PFRS, will I go back into Tier 2? How much of my ERS time will count towards my 25 years in … In ERS, the cap on the increase in annual wages used to calculate my FAS would be 10%. Is it different in PFRS? If I …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersAccounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/gasb-68-reporting-for-pensions-0320.pdfAccounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/bulletin-gasb-68-reporting-pensions.pdfDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… Project) identified the largest GHG emitters in the Fund’s portfolio. The Fund already has ongoing engagement programs … to the index, doubling its investment commitment to a total of $4 billion. The Fund was the first public pension fund in the U.S. to create an index that excludes or reduces holdings in …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… An Important Part of Your Post-Retirement Income Not sure how much you’ll need to save for retirement? It’s helpful to look … when your working days are over. The first income source is your NYSLRS pension , which provides you with a monthly …
https://www.osc.ny.gov/retirement/members/saving-for-retirementEmployer Projected Invoice
… Overview Your projected invoice is provided in September for budgetary purposes. It approximates next year’s annual … you when your projected invoice is available in Retirement Online . Please do not send payment for your projected … to participate in the CSP . We encourage you to learn how the program works before joining. When a graded payment …
https://www.osc.ny.gov/retirement/employers/employer-projected-invoice