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About Benefit Reductions
… for Early Retirement Members in regular retirement plans can retire with full benefits at the age specified by their plan, or choose to retire as early as age 55 with a reduction for early retirement.* … retirement age at retirement, the less the reduction will be. It is important to know that once you retire with a …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsEmpowering Minds Therapy Inc. – Compliance With the Reimbursable Cost Manual
… determine whether the costs reported by Empowering Minds Therapy Inc. (Empowering Minds) on its Consolidated Fiscal … To determine whether the costs reported by Empowering Minds Therapy Inc on its Consolidated Fiscal Report CFR were …
https://www.osc.ny.gov/state-agencies/audits/2022/04/08/empowering-minds-therapy-inc-compliance-reimbursable-cost-manualState Agencies Bulletin No. 1594
… Purpose To announce a new Control-D report that CUNY and GOER can use to help ensure that enrolled employees have the correct pre-tax deductions for mass transit and parking programs. Affected Employees … To announce a new ControlD report that CUNY and GOER can use to help ensure …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1594-new-control-d-report-pre-and-post-tax-transit-and-pre-and-post-taxDiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months
… than forecast by the Division of the Budget (DOB) in the First Quarter Update to the Financial Plan, released last … collections exceeded May estimates by $4.8 billion and the First Quarter Update forecast by $583.2 million. … and nearly $1.5 billion lower than forecast in the First Quarter Update, primarily due to lower than anticipated …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-state-tax-receipts-exceed-initial-projections-72-billion-through-first-six-monthsComptroller DiNapoli Releases Municipal Audits
… , Town of Rush , Willsboro Fire Department and the Child Protective Service units in the counties of Dutchess , … prepared and submitted for department officials’ review. Child Protective Services (2013-MS-5) None of the eight … historical and programmatic knowledge to determine if Child Protective Services program improvements are needed or …
https://www.osc.ny.gov/press/releases/2014/10/comptroller-dinapoli-releases-municipal-audits-1State Agencies Bulletin No. 1844
… to the October 2020 cycle are affected. Background When an employee reaches job rate on the October payment … OSC updated the increment code of eligible employees when processing the payroll for pay periods 1L through 8L …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1844-new-increment-code-representing-job-rate-status-october-2020-cycleState Agencies Bulletin No. 1845
… W-2s (Wage and Tax Statement) of employees who received a paycheck while their home address was in one of the five … address lies within New York City: https://www8.tax.ny.gov/JRLA/jrlaStart Job Actions that Update Tax Data …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1845-correction-employee-addresses-and-local-tax-dataState Agencies Bulletin No. 1313
… Purpose To describe OSC actions taken for current enrollees with an election date greater than 3/31/12 … To describe OSC actions taken for current enrollees with an election date greater than 33112 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1313-tier-6-tiaa-retirement-contribution-rate-changesDiNapoli: 2023 Wall Street $34 Billion Bonus Pool Relatively Flat Over 2022
… The average annual Wall Street bonus dipped to $176,500 last year, a 2% decline from the … which accounts for the slight decline in the average bonus. “Wall Street’s average cash bonuses dipped slightly … enjoy full recovery from the pandemic.” The $33.8 billion bonus pool for 2023, which closely matched the 2022 pool, was …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-2023-wall-street-34-billion-bonus-pool-relatively-flat-over-2022DiNapoli: Springport Town Clerk Pleads Guilty After Faking Retirement Benefits
… reports. When DiNapoli’s office re-calculated her actual hours and benefits, it prevented Waldron from receiving extra …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-springport-town-clerk-pleads-guilty-after-faking-retirement-benefitsVIII.1.B Revenue Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… types of transactions: Transfer of receipts between funds and account codes as authorized in legislation Redistribution … 3.B – Miscellaneous Receipts. To facilitate accurate and timely reporting, deposits that are credited to account … exception being for SUNY Direct Lending grants for 2014-15 and prior which must use “GLE”. See Section 1 – Accounts …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1b-revenue-transfersDrug and Alcohol Treatment Program – Provider Claiming of Depreciation Expenses (Follow-Up)
… included in our initial audit report, Drug and Alcohol Treatment Program: Provider Claiming of Depreciation … that strengthen communities, schools, and families through alcohol and drug prevention and treatment and to meet … into agreements with providers for delivery of specific alcohol- and drug-related services. OASAS reimburses the …
https://www.osc.ny.gov/state-agencies/audits/2018/09/05/drug-and-alcohol-treatment-program-provider-claiming-depreciation-expenses-followChanging Employers – Membership and Enrollment
… or 25 years of service, regardless of age. If an employee is considering a promotion to a civilian or administrative … For example, ERS sheriff or correction officer service is generally not creditable in PFRS special plans. Members of … PFRS member accepts employment in a title or position that is not creditable toward their 20- or 25-year retirement plan …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/changing-employersState Agencies Bulletin No. 2136
… of this bulletin is to notify agencies of a new earnings code that will be used to correct employee tax balances. … the employees taxable gross, a one-time use, earnings code has been created to increase the employees taxable gross only. The new earnings code will be applied to paycheck dated May 24, 2023, and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2136-new-earn-code-tba-tax-balance-adjustment-correct-q22-overpaymentsState Agencies Bulletin No. 860
… Compensatory Time II program. Affected Employees Employees in the following bargaining units who have opted to participate in the Over 40 Compensatory Time II program: Administrative … Services BU04 Division of Military & Naval Affairs BU47 Public Employees Federation BU05 Rent Regulation Services …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/860-processing-over-40-compensatory-time-ii-lump-sum-overtime-payments-uponUse of Electronic Benefit Cards at Prohibited Locations (Follow-Up)
… report, Use of Electronic Benefit Cards at Prohibited Locations ( 2016-S-52 ). Background Our initial report, which … audit report Use of Electronic Benefit Cards at Prohibited Locations …
https://www.osc.ny.gov/state-agencies/audits/2018/09/05/use-electronic-benefit-cards-prohibited-locations-followState Comptroller DiNapoli Releases Municipal & School Audits
… local government and school audits were issued. City of Salamanca – Collections (Cattaraugus County) The city … 29 deposits totaling nearly $2 million that consisted of 1,835 entries made during the audit period and determined: … approximately $50,000 did not have the correct form of payment (cash or check) listed in the collection records …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1State Agencies Bulletin No. 1842.1
… agencies of the updated AC-2772 Direct Deposit Form for NYS Employees (Rev. 01/2021), and to provide guidance to … the new form. Affected Employees All New York State (NYS) employees who enroll in direct deposit, are already … deposit account distribution are affected. Background NYS agencies have experienced an increase in fraudulent …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18421-updated-direct-deposit-form-nys-employees-ac-2772Selected Aspects of Inactive Hazardous Waste Site Remediation Cost Recovery
… Purpose To determine whether the Department of Environmental … Conservation (Department) has effective systems in place to fully and accurately accumulate State costs related to … To determine whether the Department of Environmental …
https://www.osc.ny.gov/state-agencies/audits/2015/01/22/selected-aspects-inactive-hazardous-waste-site-remediation-cost-recoverySUNY Bulletin No. SU-363
… of this bulletin is to provide instructions to agencies for processing the 2024 Discretionary $3000 SUNY M/C … in the bargaining unit listed above may be eligible for a one-time lump sum payment at the discretion of the … who meet all remaining eligibility criteria are eligible for the lump sum payment if they return to the payroll by …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-363-state-university-new-york-suny-managementconfidential-mc