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Cost-Saving Ideas: Minimizing Unemployment Insurance Costs
… to comment and specify the circumstances that resulted in unemployment. Managers should review these notices … charged to your account and could increase your tax rate in future years if your government uses the tax contribution … plan to deal with possible increases and decreases in workload requirements a clear job description for each …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-minimizing-unemployment-insurance-costsDiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… The Buffalo News published an op-ed from New York State Comptroller Thomas P. DiNapoli today pressing the federal government to do more to help state and local … The Buffalo News published an oped from New York State …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19Social Security Adjustment – Article 14 Benefits
… 62, your pension 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. The primary Social Security benefit is the part of your Social Security benefit based on public employment in …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentContribution Rates – Employer Contributions and Rates
… Assets The Actuary also evaluates the assets available to pay pension benefits at the end of the State fiscal year and …
https://www.osc.ny.gov/retirement/employers/contributions/contribution-ratesExamples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… 06856 are reprinted by permission. Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances … 11,298,469 15,697,954 121,332,470 Excess (deficiency) of revenues over expenditures (2,695,008) (222,916) … OTHER FINANCING SOURCES (USES): Proceeds of refunding bonds 38,045,000 38,045,000 Proceeds of …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1DiNapoli: Audit Finds State Falling Short in Helping People with Disabilities Find Work
… because the state Office of Mental Health (OMH) failed to include key features in its web-based advisement system, according to an audit released today by State Comptroller Thomas P. … public, and the Office of Mental Health hasn’t done enough to fix those problems,” DiNapoli said. “While the state has …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-audit-finds-state-falling-short-helping-people-disabilities-find-workDisability Benefits
… or mental condition. A disability retirement benefit is a pension that will provide monthly payments for the rest …
https://www.osc.ny.gov/retirement/members/disability-benefitsDiNapoli: April Sales Tax Collections Decline Over 24 Percent After COVID-19 Shutdown
… Local sales tax collections dropped 24.4 percent in April compared to April 2019, leaving many of New York’s local governments grappling with shortfalls, … P. DiNapoli. Sales tax collections totaled $1.02 billion in April. Plummeting sales tax collections were widespread, …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-april-sales-tax-collections-decline-over-24-percent-after-covid-19-shutdownLong-Term Care Ombudsman Program
… the law, including adequately advocating for the needs of the people it’s intended to serve. Our audit covered the … About the Program Under the federal Older Americans Act of 1965 (Act), to be eligible for certain federal grants, each state is required to establish an Office of the State Long-Term Care Ombudsman. In New York, this …
https://www.osc.ny.gov/state-agencies/audits/2019/10/03/long-term-care-ombudsman-programDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… federal financial assistance. At the same time, the risk of inflationary cost increases and the need for investments … in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain exceptions, including a …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022DiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… companies, including Pioneer Natural Resources Co., Hess Corp. and Chesapeake Energy Corp., that have failed to demonstrate they are prepared for … viable transition strategies. The 21 companies are: APA Corp. Apache Corp. Baytex Energy Corp. Birchcliff Energy Ltd. …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesState Agencies Bulletin No. 856
… Out for eligible employees. Affected Employees Employees in the following bargaining units who have opted to participate in the Over 40 Compensatory Time II program: Administrative … BU05 Rent Regulation Services Unit BU67 Background In accordance with the terms of the Over 40 Comp Time II …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/856-2008-csea-pef-and-rrsu-over-40-compensatory-time-ii-cash-outEligibility, the Benefit and Filing – Career Plan
… with a reduced benefit between ages 55 and 62. 1 For all tiers, if you recently changed employers, you may be … the benefits of this plan. Regardless of tier, if you work for an employer that offers a special plan (that allows … retirement benefit will be 1/50th (2 percent) of your FAS for each year of service. You will receive an additional …
https://www.osc.ny.gov/retirement/publications/1642/eligibility-benefit-and-filingNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… The average bonus paid to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s record high, according to annual estimates released today by … The average bonus paid to employees in New York Citys securities industry for 2021 grew to $257500 a 20 jump over the previous years …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by Former Met Council CFO in $9M Kickback Scheme
… Attorney General Eric T. Schneiderman today announced the guilty plea of Herbert Friedman, former chief financial officer of the Metropolitan Council on Jewish Poverty (Met Council). … State Attorney General Eric T Schneiderman today announced the guilty plea of Herbert Friedman former chief financial …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-former-met-council-cfo-9m-kickbackDiNapoli Finds Schools Falling Short on Emergency Planning
… emergency situations like shootings, according to an audit of safety planning at 19 schools released today by New York … emergency situations like shootings according to an audit of safety planning at 19 schools released today by New York …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-finds-schools-falling-short-emergency-planningState Agencies Bulletin No. 2031
… Tax Data page to support the redesigned Lock-in Letter for Federal Form W-4 version 2020 or later. Affected … who have a Federal Form Version W-4 – 2020 or later and for whom an IRS Lock-in Letter, Lock-in Adjustment Letter, or … Lock-in requirement could face penalty and may be liable for any taxes not withheld from the employee. OSC will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2031-changes-federal-tax-data-page-including-new-lock-letter-fieldsSpecial Accidental Death Benefit – Regional State Park Police Plan
… not be less than: The full salary you would have earned in the highest grade-step; or If you were in the highest grade-step of a supervisory position, the …
https://www.osc.ny.gov/retirement/publications/1867/special-accidental-death-benefitEligibility, the Benefit and Filing – New Career Plan
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to retire with full …
https://www.osc.ny.gov/retirement/publications/1515/eligibility-benefit-and-filingCost-of-Living Adjustment – En-Con Police Officers Plan
… information for PFRS Tier 1 2 3 5 and 6 members covered by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/cost-living-adjustment