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NYS Common Retirement Fund Reports First Quarter Results
… in modern history lifted the Fund’s value well above what it was at the close of the state fiscal year and … by the COVID-19 pandemic,” DiNapoli said. “Until there is a solution to the global public health crisis, market … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsState Agencies Bulletin No. 1994
… Purpose The purpose of this bulletin is to explain the extension of Military and Training Leave … unit’s MOU. Effective Dates The extension of benefits is effective 01/01/2022 for all eligible employees. OSC … salary. If an increased amount for the Military Stipend is due or an employee now becomes eligible to receive a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1994-2022-extension-military-and-training-leave-benefits-and-stipendsState Agencies Bulletin No. 2022
… advices in the event the NYS budget or an extender bill is not passed by 10am on Monday, April 11, 2022. Affected … until all other advices can be released. Background: OSC is not permitted to distribute funds dated in the new fiscal … Division of the Treasury if special handling of paychecks is needed upon release of the April 13, 2022 paychecks. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2022-paycheck-distribution-april-13-2022-administration-cycle-paychecksNYSLRS Announces Employer Contribution Rates for 2024-25
… for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two systems, which pay retirement and … had a funded ratio of 90.3% as of March 31, 2023. NYSLRS is consistently ranked among the nation’s best funded … actuarial assumptions recommended by NYSLRS’s actuary, who is required to review the actuarial assumptions and issue an …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25State Agencies Bulletin No. 1120
… 12, 2012 Background CSEA has notified OSC that there is no change to the dues rates for 2012. However, each January an annual adjustment is required as an AFSCME affiliate for employees who received … from part-time to full-time or vice versa) or an employee is placed on Sick Leave at Half Pay. These amounts should be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1120-civil-service-employees-association-csea-dues-and-agency-shop-feeState Agencies Bulletin No. 1105
… Employees Employees who receive employer and/or union (M/C, PEF, and/or CSEA) paid qualified educational assistance … to an employee under an educational assistance program is excluded from taxable wages. Amounts in excess of $5,250 … provides benefits to a spouse or dependents of employees is not a qualified program. Benefits paid by a nonqualified …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1105-educational-assistance-benefitsAdult-Use Cannabis (AUC)
… jurisdiction. The Office of the State Comptroller (OSC) is responsible for making AUC tax revenue payments to … will retain 25 percent of the AUC tax revenue that is distributed. Counties then have 30 days to distribute the … a proportion of AUC product sales within the county. OSC is not responsible for distributing AUC tax revenue to …
https://www.osc.ny.gov/local-government/resources/adult-use-cannabis-aucWhat Not to Report – Legacy Reporting
… PFRS (15 percent of regular salary) members Overtime which is paid by private, non-governmental entities Payments made … 125 of the Internal Revenue Code: “…by an employee who is a participant in the New York State and Local Employees’ … thereto, any salary reduction elected by an employee who is a participant in the New York State and Local Police and …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportNew York State Health Insurance Program – CVS Caremark Payments Made Under the Incorrect Plan
… by the Department of Civil Service (Civil Service), is one of the nation's largest public sector health insurance … district employees, and their dependents. The Empire Plan is the primary health benefits plan for NYSHIP, covering over … Civil Service contracts with CaremarkPCS Health, L.L.C. (CVS Caremark) to administer the prescription drug program …
https://www.osc.ny.gov/state-agencies/audits/2026/06/04/new-york-state-health-insurance-program-cvs-caremark-payments-made-under-incorrect-planNew York City’s Uneven Recovery: Youth Labor Force Struggling
… to limited experience, young workers tend to have fewer job options and, as a result, are more prone to work in … in the City have not fully recovered their pandemic job losses, while the retail trade industry in the nation had … in the City, there do not appear to be adequate job openings in service industries. Over the course of 2021 …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-youth-labor-force-strugglingOpinion 90-1
… MUNICIPAL FUNDS -- Appropriations and Expenditures (use of commercial hazardous waste facility assessments); … a town imposes an assessment on the gross receipts of a commercial hazardous waste facility, the proceeds must be … the imposition of an assessment on the gross receipts of a commercial hazardous waste facility must be applied to a …
https://www.osc.ny.gov/legal-opinions/opinion-90-1DiNapoli Report Finds Medicaid Costs for Treating Asthma Rising
… the prevalence of asthma among older Medicaid recipients is especially high. The state needs to better understand … access to medications, education and hospital care. DOH is also proposing to expand its home-based asthma education … families avoid future visits. But further advancement is essential. Health advocates and policymakers recommend …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-report-finds-medicaid-costs-treating-asthma-risingOpinion 2002-17
… -- Coordination of Work (by construction manager who is also a prime contractor) -- Separate Specification … project subject to General Municipal Law §101. This is in response to your inquiry concerning a proposed town … by General Municipal Law §101. You indicate that the town is considering engaging the services of a construction …
https://www.osc.ny.gov/legal-opinions/opinion-2002-17II.3.A Planning – II. New York State Financial Accounting
… (DOB). By early-mid fall, the final budget program package is assembled, guided by the instructions set forth by DOB in … these recommendations. Concurrently, DOB Fiscal Planning is reassessing economic projections, investigating possible … forecasts the State’s fiscal condition. The financial plan is prepared both on a cash basis and according to GAAP. By …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii3a-planningState Agencies Bulletin No. 1949
… This bulletin is superseded by Payroll Bulletin No. 1949.3 . Purpose The purpose of this bulletin is to provide information and processing instructions … (PayServ) for affected employees at these facilities is .00120: OCFS Facilities - Deptid 25000 Brookwood Secure …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1949-pilot-program-establishing-temporary-overtime-rate-employees-certainState Agencies Bulletin No. 1949.1
… This bulletin is superseded by Payroll Bulletin No. 1949.3 . Purpose The purpose of this bulletin is to provide information and processing instructions … (PayServ) for affected employees at these facilities is .00120: OCFS Facilities - Deptid 25000 Brookwood Secure …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/19491-pilot-program-establishing-temporary-overtime-rate-employees-certainState Agencies Bulletin No. 1999
… This bulletin is superseded by Payroll Bulletin No. 1999.2 . Purpose The purpose of this bulletin is to provide information and processing instructions … employees at DOCCS who are represented by PEF or CSEA is .00120. Effective Dates The new overtime rate is effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1999-pilot-program-establishing-temporary-overtime-rate-employees-certainState Comptroller DiNapoli Releases Audits
… if scheduled service was reasonable. Auditors found there is a risk that the number of buses may have been … revenue to Civil Service. As a result, Civil Service is due $2,240,798 in rebates. Office for People With … pled guilty to petit larceny (a Class A misdemeanor) and is required to make restitution to the state. Port Authority …
https://www.osc.ny.gov/press/releases/2019/06/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases Audits
… to the burning of natural gas, and its implementation is currently in doubt. Should the project fail to move forward, it is unlikely that OGS will meet its goal of reducing energy … and Contract Staffing (2018-S-38) In general, ITS is monitoring IT services procured from consultants and …
https://www.osc.ny.gov/press/releases/2019/09/state-comptroller-dinapoli-releases-audits-0DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… support for other sectors that have been slow to recover is needed to speed recovery to their pre-pandemic levels and … tax revenues.” Securities industry performance is traditionally measured by the pretax profits of the … Street’s outsized share of the city’s economic activity is attributed to the industry’s high salaries. The average …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levels