Search
Borrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… If you meet eligibility requirements, you may take a loan from … your contributions: You must be in active service and have one year of member service credit. You repay each … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributionsBorrowing Against Your Contributions – Career Plan
… If you meet eligibility requirements, you may take a loan from … your contributions: You must be in active service and have one year of member service credit. You repay each … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsBorrowing Against Your Contributions – New Career Plan
… If you meet eligibility requirements, you may take a loan from … your contributions: You must be in active service and have one year of member service credit. You repay each … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… the United States Attorney for the Southern District of New York, William F. Sweeney Jr., the Assistant … the Federal Bureau of Investigation ("FBI"), and George P. Beach II, Superintendent of the New York State Police, … & Hose Co. No. 2 ("Putnam Engine and Hose"), a unit of the Port Chester Volunteer Fire Department, for embezzlement of …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreState Agencies Bulletin No. 2050
The purpose of this bulletin is to inform agencies and employees that OSC is implementing multifactor authentication MFA functionality for New York State Payroll Online NYSPO
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2050-multifactor-authentication-new-york-state-payroll-onlineRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… the budget. Review historical data to determine typical cash inflows and outflows throughout the fiscal year. … the more interest can be earned. However, late fees may be incurred if bill payments are delayed too long. … Consolidate accounts when feasible to minimize bank fees, while continuing to maintain separate detailed …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: Two Capital Region Residents Indicted for $1 Million Medicaid Transportation Fraud Scheme
… The two principles of Phinaliz Communications LLC, Philip Mtui and Mbaga Kaiza, … false and inflated reimbursements for transportation services, New York State Comptroller Thomas P. DiNapoli … in a significant decrease in funding that fueled large scale substance abuse and quality of life issues in our …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-two-capital-region-residents-indicted-1-million-medicaid-transportation-fraud-schemeBloomingburg Joint Fire District – Internal Controls Over Financial Operations (2013M-42)
… Purpose of Audit The purpose of our audit was to determine whether the Board ensured that disbursements … separate from the Towns of Mamakating and Wallkill located in the Counties of Sullivan and Orange, respectively. The … through property taxes. Key Finding The Board did not ensure that disbursements were made for authorized …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/04/19/bloomingburg-joint-fire-district-internal-controls-over-financialChenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… the Board evaluated projects prior to approval, the Board did not adequately establish and document its evaluation and … Track sales tax and mortgage tax exemptions to ensure they were not exceeded. Track payments in lieu of taxes … retention goals. Track PILOT payments to ensure that all bills are accurately prepared and paid timely. CCIDA …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoringDiNapoli Recovers $42K From Woman Who Stole From State and Local Retirement System
… was an egregious act. Ms. Robertson kept her mother's death a secret to steal her pension. She was caught and now … New York State and Local Retirement System of her mother’s death and continued to fraudulently collect her mother’s …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-recovers-42k-woman-who-stole-state-and-local-retirement-systemState Comptroller DiNapoli Releases School Audits
… remitted to the business office) were late. Sag Harbor Union Free School District – Claims Auditing (Suffolk County) … services from the district or file Medicaid reimbursement claims to recover part of the costs associated with these services. As a …
https://www.osc.ny.gov/press/releases/2023/02/state-comptroller-dinapoli-releases-school-auditsCost-of-Living Adjustment
… Adjustment (COLA) is a permanent annual increase to your pension to help offset the impact of inflation. Once you … The percentage is applied up to the first $18,000 of your annual pension benefit as if you had chosen the Single … the accidental death benefit for five or more years on behalf of a deceased Employees' Retirement System (ERS) …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentOpinion 90-8
… or statutory amendments that bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Local Laws … following the effective date of Chapter 293 of the Laws of 1988. You ask whether certain city charter provisions … Grumet v Goodbody , 1 Misc 2d 222, 150 NYS2d 141, affd 309 NY 956). For similar reasons, the courts had also held that a …
https://www.osc.ny.gov/legal-opinions/opinion-90-8Former Delhi Deputy Superintendent Faces Grand Larceny Charge
… York State Police and Delaware County District Attorney John Hubbard. Rosenthal, 63, of Delhi, was charged today with … and subsequent investigation by the State Comptroller’s office. “Thanks to our staff, Mr. Rosenthal will be brought … Division of Investigations, 8th Floor, 110 State St., Albany, NY 12236. … Former Delhi Highway Deputy …
https://www.osc.ny.gov/press/releases/2020/09/former-delhi-deputy-superintendent-faces-grand-larceny-chargeTown of Geneseo – Information Technology and Multiyear Planning (2017M-84)
… of Audit The purpose of our audit was to evaluate the Town’s information technology (IT) controls and multiyear planning … Town’s IT assets. The Board did not adopt an IT disaster recovery plan. The Board has not adopted a comprehensive … long-term objectives for funding long-term needs. Update the fund balance policy to include the reasonable …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-geneseo-information-technology-and-multiyear-planning-2017m-84Medicaid Program – Improper Medicaid Payments Involving Fee-for-Service Claims for Recipients With Multiple Client Identification Numbers
… the Department pays managed care organizations (MCOs) monthly premiums and the MCOs arrange for the provision of … the NY State of Health (NYSOH, the State’s online health insurance marketplace). Local Districts use the State’s … of the Medicaid Inspector General (OMIG) recovers improper premium payments for foster care recipients with multiple …
https://www.osc.ny.gov/state-agencies/audits/2020/09/17/medicaid-program-improper-medicaid-payments-involving-fee-service-claims-recipientsAdditional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
… Unused, unpaid sick leave may be added to your credited service and used in your pension … of the Retirement and Social Security Law (RSSL). To be eligible for this benefit, you must retire directly from … Credit for your unused sick leave at retirement cannot be used to: Qualify for vesting. For example, if you need …
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveVillage of Port Byron – Financial Monitoring and Information Technology (2014M-116)
… Purpose of Audit The purpose of our audit was to examine the Village’s financial operations, internal controls and information technology for the period June 1, 2011 … 1,300. Budgeted appropriations for the general, water and sewer funds for the 2013-14 fiscal year totaled …
https://www.osc.ny.gov/local-government/audits/village/2014/08/15/village-port-byron-financial-monitoring-and-information-technology-2014m-116Town of Kent – Procurement and Information Technology (2017M-85)
… comprehensive disaster recovery plan that details specific guidelines for the protection of equipment and private essential data against damage, loss or destruction. … Town of Kent Procurement and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kent-procurement-and-information-technology-2017m-85Retiring with an Outstanding Loan – Special 20- and 25-Year Plans
… Tier 2 and 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your … The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of retirement (service or …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loan