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Calculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… rates are calculated based on a System average rate that does not include employer Group Term Life Insurance (GTLI) … costs and prior years’ adjustments. Rev. 12/23 … How the NYSLRS actuary calculates an employers maximum …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentDiNapoli: Binghamton Woman Charged With Stealing Deceased Father-in-Law's Pension Payments
… Joy LaBarr, was charged with stealing nearly $32,000 in New York State pension payments intended for her deceased … defendant allegedly took advantage of her father-in-law’s death to personally profit, buying clothing, making online …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-binghamton-woman-charged-stealing-deceased-father-laws-pension-paymentsLicensing 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.pdfX.7.A Centralized Corporate Customers – X. Guide to Vendor/Customer Management
… SECTION OVERVIEW AND POLICIES Business Units must use a Centralized Corporate Customer to create a revenue contract in the SFS, for Interagency billing and … Grants. REVENUE CONTRACTS Revenue Contracts are agreements between the State and private individuals and/or businesses …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x7a-centralized-corporate-customersDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today … long-term investments," DiNapoli said. "The transition to a low-carbon economy is already underway and accelerating … The Fund's fiscal year ends March 31, 2018. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… far into the future but the steps you take now to save for retirement can make a huge difference when that day finally … Income Not sure how much you’ll need to save for retirement? It’s helpful to look at the other sources of …
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-invoiceLaw Pertaining to SUNY Police Officers
… Overview 2 A law pertaining to SUNY police officers was enacted on December 18, 2015. Chapter 561 … allowed sworn SUNY police officers who were members of the New York State and Local Employees’ Retirement System (ERS) to …
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/bulletin-gasb-68-reporting-pensions.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/gasb-68-reporting-for-pensions-0320.pdfNew 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-strugglingNew York State Comptroller Thomas P. DiNapoli Statement on Federal Tax Reform
… tax bill moving forward in Congress remains a bad deal for New York. "The cap on state and local tax deductions … the Social Services Block Grant, federal highway aid for emergencies and the Consumer Financial Protection Bureau. … in higher health insurance premiums or loss of coverage for many New Yorkers. "The legislation will drive up the cost …
https://www.osc.ny.gov/press/releases/2017/12/new-york-state-comptroller-thomas-p-dinapoli-statement-federal-tax-reform-0Operational Advisory No. 18
… Management Unit will inactivate ROA Vendor IDs 0RASP00000 and 0RAE000000. Business Units should use Vendor ID … that all ROA vouchers that reference Vendor IDs 0RASP00000 and 0RAE000000 are paid prior to June 1, 2015. The Bureau of …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/18-refund-appropriation-roa-vendor-ids-accounts-payableXIV.7 Monitoring Payments Made to Vendors – XIV. Special Procedures
… SECTION OVERVIEW AND POLICIES One important control in New York’s Statewide Financial System requires Business … Unit staff to verify all payments made are valid. To help in this monitoring process, we provide a Payee Listing report … (NYAP0621), which shows a listing of payments made to vendors. It is important that designated Business Unit staff …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv7-monitoring-payments-made-vendorsXI.14.B Publication of Grants Opportunities – XI. Procurement and Contract Management
… or State Register, it remains the procuring state agency's responsibility to ensure adequate competition for all … competition may cause the Office of the State Comptroller’s Bureau of Contracts to withhold approval of any resulting contract and thereby necessitate a new procurement with more extensive outreach efforts. Guide …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi14b-publication-grants-opportunitiesFred S. Keller School – Compliance With the Reimbursable Cost Manual
… are needed to ensure the financial and programmatic integrity of FSK’s programs in the future. Key …
https://www.osc.ny.gov/state-agencies/audits/2016/12/27/fred-s-keller-school-compliance-reimbursable-cost-manualGingerbread Learning Center, Inc. – Compliance With the Reimbursable Cost Manual
… preschool programs and a Special Education Itinerant Teacher (SEIT) program to children ages three through five … costs associated with shared employees; and $142,093 in employee bonuses that were not in compliance with the …
https://www.osc.ny.gov/state-agencies/audits/2016/10/26/gingerbread-learning-center-inc-compliance-reimbursable-cost-manualOversight of Direct Placement of Children (Follow-Up)
… Objective To determine the extent of implementation of the four recommendations made in our … and coordinating child welfare services, including child protective services, foster care, and preventive services, … and well-being of a child, such as details of the child’s service plan and the family’s progress. Information regarding …
https://www.osc.ny.gov/state-agencies/audits/2021/08/30/oversight-direct-placement-children-followDiNapoli: Disgraced Top Officials at School for At-Risk Students Arraigned on Public Corruption Charges
… supposed to serve is reprehensible,” DiNapoli said. “My thanks to the Westchester County District Attorney’s office …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-disgraced-top-officials-school-risk-students-arraigned-public-corruption-chargesDiNapoli: State Paid $14.5 Billion for Medicaid Home Care Services That Lacked Verification
… of Health needs to do a better job of protecting the integrity of these services and safeguard Medicaid funds.” …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-paid-145-billion-medicaid-home-care-services-lacked-verification