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Law Pertaining to SUNY Police Officers
… been filed with NYSLRS on or before December 31, 2015. If I switch from the Employees’ Retirement System (ERS) to the Police and Fire Retirement System (PFRS), what Tier will I be in PFRS? I have a prior PFRS Tier 2 … officer, am I better off staying in the ERS plan? How is other PFRS service (e.g., service with a municipal police …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… and Duke Energy Corp. Letters were sent to: Phillips 66 Co. Xcel Energy Inc. Valero Energy Corp. Martin Marietta … addition, DiNapoli uses the Fund's voice and shareholder voting power to protect investments by calling on companies …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… take now to save for retirement can make a huge difference when that day finally arrives. Your Savings: An Important … employer, they may offer other retirement savings plans. Check with your human resources office or benefit … during retirement, helping ensure that you’ll be able to do the things you want to do. It can also provide peace of …
https://www.osc.ny.gov/retirement/members/saving-for-retirementProjected Invoice
… which you will receive in November 2026. If you have the Billing Security Role, we notify you when your projected invoice is available in Retirement Online . Please do not send payment for your projected …
https://www.osc.ny.gov/retirement/employers/projected-invoiceService Credit – Divorce and Your Benefits
… portion of the additional service to the ex-spouse if the DRO defines the numerator (marital period) as an exact number … service will not affect the ex-spouse’s share if the DRO specifies a flat dollar distribution (rather than a …
https://www.osc.ny.gov/retirement/members/divorce/service-creditDiNapoli: Binghamton Woman Charged With Stealing Deceased Father-in-Law's Pension Payments
… A 58-year-old Binghamton woman, Joy LaBarr, was charged with stealing … State pension payments intended for her deceased father-in-law, State Comptroller Thomas P. DiNapoli and Broome County …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-binghamton-woman-charged-stealing-deceased-father-laws-pension-paymentsCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… average rate that does not include employer Group Term Life Insurance (GTLI) owed that fiscal year. Then, the Actuary: … employer’s invoiced contribution (not including payments for deficiency, previous amortizations, incentive costs or …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentNY State Comptroller DiNapoli Statement on McDonald's Agreement to Tie Executive Compensation to Diversity, Workforce Management
… Fund, released the following statement today in response to McDonald’s decision to disclose workforce diversity data … follow McDonald's example, particularly those corporations where New York state’s pension fund has filed similar … plans in the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New …
https://www.osc.ny.gov/press/releases/2021/02/ny-state-comptroller-dinapoli-statement-mcdonalds-agreement-tie-executive-compensation-diversityNYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… (Fund) Sustainable Investments and Climate Solutions program. “Climate change is one of the greatest risks facing … in sustainable sectors including renewable energy, recycling and waste management. The Avenue commitment is in … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… New York State Common Retirement Fund’s (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The return on investments increased the Fund’s value to $272.1 … it finished the year above our assumed rate of return,” DiNapoli said. “Still, the turmoil in the markets …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnNYS Common Retirement Fund Reports Estimated First Quarter Results
… Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2022-23 was … quarter with an estimated value of $246.3 billion. “The first three months of the fiscal year brought upheaval to the … and diverse holdings have helped make it one of the best-funded public pension funds in the nation and it remains …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsDisability Retirement Applications – When Employees Retire
… or someone authorized to file on the employee’s behalf. For example, the employee’s attorney, a power of attorney … retirement is the date the application is filed or the day after the last date the member received salary, whichever … Accidental and Performance of Duty Disability Documents Notice of Accident To qualify for an accidental disability …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirement-applicationsContract Advisory No. 22
… Subject: Closing Contracts in the Statewide Financial System (SFS) Guidance: The Office of the State Comptroller (OSC) Bureau of Contracts (BOC) is actively closing contracts in the Statewide Financial System (SFS). Once OSC has closed a contract the SFS header status will display …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/22-closed-contracts-statewide-financial-systemNew York State Comptroller DiNapoli: Statement on Arrest of Morris Central School District Official
… New York State Comptroller Thomas P. DiNapoli released a statement today after the arrest of Kristina Hand, former … by his office, the United States Attorney for the Northern District of New York, the Federal Bureau of … by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-arrest-morris-central-school-district-officialSocial Security Adjustment – Article 14 Benefits
… will be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a benefit from Social Security. …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentAccounting 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.pdfState Agencies Bulletin No. 572
… 9L/10C (Institution). Background In response to a request from the NYS Payroll Users Group, OSC has created an … Time Entry page by OSC staff. This new report will be run from data in the PayServ system after OSC has completed …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/572-automated-correction-report-transaction-changes-time-entry-pageDivision of Housing and Community Renewal: Physical and Financial Conditions at Selected Mitchell-Lama Developments Located Outside New York City – Sunnyside Manor: Unauthorized Bank Account
… Community Renewal (DHCR). Often, owners employ a managing agent, a person or entity responsible for managing the … to enter into an annual agreement with the managing agent, which must include a DHCR-approved Management Plan. It … of the development, and it is the function of the managing agent to effectively and efficiently manage the development …
https://www.osc.ny.gov/state-agencies/audits/2024/07/03/division-housing-and-community-renewal-physical-and-financial-conditions-selected-mitchellHalfmoon Town Supervisor Sentenced To 12 Months In Prison
… Former Halfmoon Town Supervisor Melinda Wormuth was sentenced today to one year and one day in prison as a result of her convictions for extortion and …
https://www.osc.ny.gov/press/releases/2015/12/halfmoon-town-supervisor-sentenced-12-months-prison