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The Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit when you reach age 60 and have five or more years of credited service. If you are a Tier 2, 3, 5 or 6 member with five or more years of credited service, you may choose to retire with a full benefit at age 62 or between the ages …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planNew York Public Employee Retirement System Special Durable Power of Attorney (RS6450)
The special power of attorney form is used to name an agent to act on your behalf with respect to your retirement benefit transactions.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6450.pdfOpinion 93-25
… discussed in the opinion. CONSTITUTIONAL LAW -- Gifts and Loans (lighting of private right-of-way) STREETS AND … primarily furthers a village purpose and only incidentally benefits the private property. The village also may continue … or public use. With regard to the situation presented in your letter, we do not possess sufficient facts to express an …
https://www.osc.ny.gov/legal-opinions/opinion-93-25Village of Dering Harbor – Payroll (2020M-78)
… Trustees (Board) developed adequate controls over payroll and employee benefits payments. Key Findings The Board did not establish adequate controls over payroll and employee benefits payments. The Board did not require …
https://www.osc.ny.gov/local-government/audits/village/2021/01/08/village-dering-harbor-payroll-2020m-78The Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… for a service retirement benefit when you reach age 55 and have five or more years of service credit under this plan … with a full benefit at age 62, or between the ages of 55 and 62 with a reduced benefit. 1 Regardless of tier, if you … you must retire by the first day of the month following your 70th birthday, even if you have not elected the special …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planHow Contribution Rates Are Determined – What Every Employer Should Know
… ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates of employee mortality, disability, turnover and retirement) and economic (interest rates, inflation and salary growth) …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedTown of Fort Edward – Payroll and Leave Accruals (2022M-119)
… Fort Edward (Town) officials ensured that payroll payments and leave accruals were authorized, accurate and supported. Key Findings Payroll payments were not always accurate and supported, and leave accrual benefits were not clearly authorized. The Highway …
https://www.osc.ny.gov/local-government/audits/town/2022/11/23/town-fort-edward-payroll-and-leave-accruals-2022m-119Area #4 – Contracts and Service Level Agreements for IT Services – Information Technology Governance
… Local governments and schools often rely on third parties to provide a variety of IT-related services. For your protection and to avoid potential misunderstandings, there should be a …
https://www.osc.ny.gov/local-government/publications/it-governance/area-4-contracts-and-service-level-agreements-it-servicesOvertime at State Agencies Reached All-Time High in 2020
… million, continuing an upward trend over the last decade and spurred on by the COVID-19 pandemic, according to a … stepped up to help keep the public safe and get critical benefits.” Three agencies performed most of the overtime in … New York State Agency Use of Overtime - 2020 Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020Participation in the Program – Contribution Stabilization Program
… Stabilization Program (CSP), you must complete and submit a Participation Request form . Forms can be … If you are both an Employees’ Retirement System (ERS) and Police and Fire Retirement System (PFRS) employer, you … To withdraw from the program, an authorized person from your organization — either the CEO or CFO, or a person …
https://www.osc.ny.gov/retirement/employers/csp/participation-programCost-Saving Ideas: School District Auditing - Roles, Responsibilities and Resources
… expert and independent review. Use this reference guide to familiarize yourself with the different roles and … functions are separate and distinct, and it’s important to understand the intended protection each is meant to provide. Select the name to learn about qualifications and …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-roles-responsibilities-and-resourcesOpinion 91-25
… on the issues discussed in the opinion. FIRE PROTECTION AND PREVENTION -- Disability Benefits (entitlement of paid firefighters to salary … the contrary holding in Smerek , supra . With respect to your questions regarding restrictions on employment, section …
https://www.osc.ny.gov/legal-opinions/opinion-91-25Tier Status – Coordinated Plan for ERS Tier 6 Members
… ERS Tier 6 members under Article 15 Contributing Toward Your Retirement …
https://www.osc.ny.gov/retirement/publications/1530/tier-statusAdministration and Monitoring of Financial Assistance to New York City Businesses
… Objectives To determine whether the New York City Industrial Development … Agency (NYCIDA) has policies and procedures in place to approve, monitor, and measure project performance and …
https://www.osc.ny.gov/state-agencies/audits/2024/06/12/administration-and-monitoring-financial-assistance-new-york-city-businessesYour Home Public Library – Financial Management (2016M-228)
… the period June 1, 2013 through April 13, 2016. Background Your Home Public Library is located in the Village of Johnson … that included budget-to-actual comparisons of revenues and expenditures, the reports did not include accurate cash …
https://www.osc.ny.gov/local-government/audits/library/2016/10/14/your-home-public-library-financial-management-2016m-228Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… starts with building an accurate cash flow estimate and monitoring actual receipts and disbursements. Review monthly analysis reports from the … the year. Conduct more frequent cash flow analyses if your local government or school district is experiencing …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsCoordinated Plan For ERS Tier 3 and 4 Members – Coordinated Plan For ERS Tier 3 and 4 Members
… Coordinated Plan information for ERS Tier 3 and 4 members under Articles 14 and 15 Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1522Incarcerated and Death Matches
… billion in payments for more than 17 million in medical and other service charges the New York State Insurance Fund … payments to the New York State Department of Corrections and Community Supervision Under Custody files from September … conviction of a felony shall be deemed ineligible for all benefits. Furthermore, NYSIF will not pay for medical and …
https://www.osc.ny.gov/state-agencies/audits/2017/08/09/incarcerated-and-death-matchesComptroller DiNapoli and A.G. Schneiderman Announce Conviction of Florida Resident For Stealing $275k in NYS Pension Benefits
… New York State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman today announced … Mr. Eletz stole over $275,000 in New York State pension benefits that were issued to his deceased mother. “Mr. Eletz … State Comptroller DiNapoli said. “We uncovered the theft and tracked him down, which led to today’s plea and our …
https://www.osc.ny.gov/press/releases/2015/09/comptroller-dinapoli-and-ag-schneiderman-announce-conviction-florida-resident-stealing-275k-nysDiNapoli: Medicaid Audits Find More Than $700 Million in Unnecessary Costs and Overpayments
… million in unnecessary, improper or questionable payments and made several recommendations for improving the program. … one CIN assigned during the time they are in receipt of benefits, only one CIN should have active eligibility at a … possible. Audits Department of Health audits Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-medicaid-audits-find-more-700-million-unnecessary-costs-and-overpayments