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Borrowing Against Your Contributions – Article 14 Benefits
… you should be aware of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal limits. You have a loan with a deferred compensation (457) or … plan through your current employer that causes your loan to exceed the federal limits for nontaxable loans. Exceeding …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsOpinion 88-69
… sick or injured persons found within the boundaries of the municipality to a place for treatment of such illness or … Lawrence D. Hasseler, Esq., Village Attorney Village of West Carthage …
https://www.osc.ny.gov/legal-opinions/opinion-88-69DiNapoli: Former Rosendale Court Clerk to Repay Stolen Funds
… investigations from DiNapoli’s office have resulted in the arrest of more than 80 individuals and the restitution and …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-rosendale-court-clerk-repay-stolen-fundsAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… ensure that the operators of motor vehicles registered in New York possess adequate insurance coverage, or are … programs and assess these expenses on insurance carriers in proportion to their reported premiums. The objective of … the expenses of administering the Acts. We found that, in general, the Department was appropriately allocating, …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-securityTier Status – Article 14 Benefits
Article 14 information for PFRS Tier 3 members Covers pension disability and death benefits
https://www.osc.ny.gov/retirement/publications/1644/tier-statusOverview – Understanding Your Responsibilities: Elected & Appointed Officials
… worked by elected and appointed officials is defined in Regulation 315.4 of the New York Codes, Rules and Regulations … to accruals, full hours were worked. In August 2015, this regulation was revised for elected and appointed officials … or after January 1, 2016. Among other changes, the revised regulation sets out specific time frames for completing …
https://www.osc.ny.gov/retirement/members/ea-officials/overviewWayne County Court and Trust Funds (2022-C&T-1)
… Review The purpose of our review was to determine whether County officials have established appropriate controls to … may be provided to the court and then delivered to the County Treasurer (Treasurer) for safekeeping. Payments made … on the property). These actions are recorded in the County Clerk’s (Clerk) office when payments are deposited as …
https://www.osc.ny.gov/local-government/audits/county/2022/02/18/wayne-county-court-and-trust-funds-2022-ct-1Review of Advance Contract Payments
… Recover overpayments as appropriate. Implement a policy for new contracts of only sending advance payments when …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Otselic – Records and Reports and Conflict of Interest (2021M-36)
… $874 in the accounting records. She recorded one deposit for $25,000 twice. The required 2016 through 2019 annual …
https://www.osc.ny.gov/local-government/audits/town/2021/07/16/town-otselic-records-and-reports-and-conflict-interest-2021m-36City of Gloversville – City Clerk (2019M-96)
… Determine whether the City of Gloversville (City) Clerk properly accounted for fees. Key Findings The current Clerk began properly accounting for fees as of October 1, 2017. The former Clerk did not properly account for fees. The former Clerk: … Determine whether the City of Gloversville City Clerk properly accounted for fees …
https://www.osc.ny.gov/local-government/audits/city/2020/12/11/city-gloversville-city-clerk-2019m-96Hamburg Central School District - Continuing Education (2019M-11)
… were not properly segregated or monitored. The Board and District officials have not established written policies and procedures regarding the continuing education cash … Key Recommendations Segregate incompatible duties and properly monitor cash receipt activities. Develop and …
https://www.osc.ny.gov/local-government/audits/school-district/2019/07/03/hamburg-central-school-district-continuing-education-2019m-11Your Record of Activities – Understanding Your Responsibilities: Elected & Appointed Officials
… employees). But, if you don’t, determining the number of days you’ve worked requires a different process. As of January 1, 2016, when you begin a new or subsequent term of office, you are required to complete a three-month record … Requirements of the record of activities ROA for elected and appointed …
https://www.osc.ny.gov/retirement/members/ea-officials/your-record-activitiesNYS Common Retirement Fund Announces First Quarter Results
… The New York State Common Retirement Fund's (Fund) overall … the three-month period ending June 30, 2018, according to New York State Comptroller Thomas P. DiNapoli. "The Fund saw steady growth in the first quarter," DiNapoli said. "New York state's pension fund is designed and prudently …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsPutnam County – Court and Trust Funds (2024-C&T-2)
… controls to safeguard and account for court and trust funds for the period January 1, 2022, through November … controls to safeguard and account for court and trust funds for the period January 1 2022 through November 15 …
https://www.osc.ny.gov/local-government/audits/court-and-trust/2024/03/29/putnam-county-court-and-trust-funds-2024-ct-2IRS Pension Limitation – Article 14 Benefits
… The Internal Revenue Code limits the amount of salary that qualified pension plans, including the New York State and Local Retirement System, may use in calculating benefits. Section 401(a)(17) affects members who join on or after April 1, 1996, …
https://www.osc.ny.gov/retirement/publications/1644/irs-pension-limitationXIII.4.D Meals and Incidental Expenses Breakdown – XIII. Employee Expense Reimbursement
… its employees for meals and incidental expenses (M&IE) based on per diem rates established by the United States … its employees for meals and incidental expenses MIE based on per diem rates established by the United States …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4d-meals-and-incidental-expenses-breakdownDiNapoli: State Tax Receipts Outpaced Projections Through December
… State tax receipts totaled $79.9 billion through the first three … cause for concern. In addition, the direction of federal tax policy under the new administration could potentially … have an impact on state revenues.” Personal income tax (PIT) receipts totaled $40.7 billion and were $719.3 …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-state-tax-receipts-outpaced-projections-through-decemberAudit Recommends Improvements to NFTA Capital Planning
… rail, and paratransit system as well as two international airports. NFTA maintains a fleet of 307 buses, five trolleys, … Transportation Authority , or go to: http://www.osc.state.ny.us/audits/allaudits/093016/15s37.pdf …
https://www.osc.ny.gov/press/releases/2016/04/audit-recommends-improvements-nfta-capital-planningOversight of Provider Consolidated Fiscal Reports – Independent Living, Inc.
… allowable, properly calculated, and adequately documented in accordance with C onsolidated Fiscal Reporting and … contract with the providers who offer the actual programs. In certain cases, OMH also contracts directly with providers. … December 31, 2018, ILI reported approximately $2.9 million in expenses associated with the 12 OMH programs it operated. …
https://www.osc.ny.gov/state-agencies/audits/2020/09/02/oversight-provider-consolidated-fiscal-reports-independent-living-incDiNapoli: Georgia Woman Pleads Guilty to Stealing Her Deceased Father's NY State Pension Checks
… Thomas P. DiNapoli, Albany County District Attorney David Soares and the New York State Police today announced … said. “My thanks to Albany County District Attorney David Soares and the New York State Police for their … Thomas P DiNapoli Albany County District Attorney David Soares and the New York State Police today announced …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-georgia-woman-pleads-guilty-stealing-her-deceased-fathers-ny-state-pension-checks