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DiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… global volatility thanks to our talented investment staff and our diversified asset allocation.” The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed and best-funded … their beneficiaries. Over the last 20 years, 80 percent of benefits have been funded from investment returns. Employer …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionIV.5.A Operating and Other Transfers – IV. Accounting Codes - Uses and Descriptions
… account used by the SFS Program. 60850 Sole Custody Op Trans (To) GL BU balancing account used by the SFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv5a-operating-and-other-transfersMedicaid Program – Medicaid Payments to Medicare Advantage Plan Providers
… Purpose To determine whether Medicaid inappropriately paid for recipients’ Medicare Part C cost-sharing liabilities. The audit covered … To determine whether Medicaid inappropriately paid for recipients Medicare Part C costsharing liabilities …
https://www.osc.ny.gov/state-agencies/audits/2018/09/10/medicaid-program-medicaid-payments-medicare-advantage-plan-providersState Agencies Bulletin No. 2197
… of the new chargeback process for direct-mailed 2023 form W-2’s. Background: In order to repay OSC for the direct mailing costs for 2023 form W-2 for employees, an agency chargeback journal must be … the postage costs for the mailing of their employees' 2023 Form W-2 Wage and Tax Statements. Agencies incur mailing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2197-direct-mailed-form-w-2-agency-chargebackState Agencies Bulletin No. 2411
… agencies of the chargeback process for direct-mailed 2025 form W-2’s. Background: In order to repay OSC for the direct mailing costs for 2025 form W-2 for employees, an agency chargeback journal must be … the postage costs for the mailing of their employees' 2025 Form W-2 Wage and Tax Statements. Agencies incur mailing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2411-direct-mailed-form-w-2-agency-chargebackState Agencies Bulletin No. 2307
… agencies of the chargeback process for direct-mailed 2024 form W-2’s. Background: In order to repay OSC for the direct mailing costs for 2024 form W-2 for employees, an agency chargeback journal must be … the postage costs for the mailing of their employees' 2024 Form W-2 Wage and Tax Statements. Agencies incur mailing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2307-direct-mailed-form-w-2-agency-chargebackNYS Common Retirement Fund Announces Third Quarter Results
… equities markets," DiNapoli said. "Our investment strategy is geared toward consistently achieving long term results but … mortgages (27.6 percent), private equity (7.8 percent), real estate (6.6 percent), absolute return strategy (3.1 percent) …
https://www.osc.ny.gov/press/releases/2014/02/nys-common-retirement-fund-announces-third-quarter-resultsState Agencies Bulletin No. 919
… Purpose To describe changes that are required to apply the proper taxation for employees who are receiving … To describe changes that are required to apply the proper taxation for employees who are receiving …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/919-taxation-retroactive-raise-payments-employees-receiving-military-stipendState Agencies Bulletin No. 859
… Purpose To inform agencies of the new Additional Pay Earnings codes and to provide … Employees in Agencies 11260 and 11270 who are in a title of Speech Instructor/Therapist, Psychologist, or Audiologist … in those fields Background Pursuant to the 2008 Memorandum of Agreement between the State of New York and the Public …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/859-licensure-premium-nys-schools-deaf-and-blindXI.12.B Contract Assignments – XI. Procurement and Contract Management
… consent when the reason for the transfer is due to a reorganization, merger or consolidation of the contractor’s … agreements that were not subject to OSC approval (e.g., “T” contracts), agencies are encouraged to use this standard …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12b-contract-assignmentsOversight of Kendra’s Law
… (AOT) to provide reasonable assurance that existing and potential AOT recipients receive their court-ordered … in 2022. Implementation of AOT is a joint responsibility and collaboration among OMH, its five regional Field Offices, and local mental health authorities in 57 counties and New …
https://www.osc.ny.gov/state-agencies/audits/2024/02/08/oversight-kendras-lawDiNapoli: Service-Providing Industry Sectors Dominate State's 21st Century Economy
… services and educational services, have increased their share of total employment in New York state (including New … each of the state’s nine regions outside of New York City share three of the five largest industry sectors – health … Valley and North Country) in 2024, though the sector’s share of total employment has dropped in most regions since …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-service-providing-industry-sectors-dominate-states-21st-century-economyMilitary Service Credit
… eligible to purchase credit toward your retirement benefit for your military service. Because service credit is a factor … members, Police and Fire Retirement System (PFRS) members who joined since July 1, 2009, and certain ERS members in … any other public retirement system in New York State; and Apply for and purchase military service credit before …
https://www.osc.ny.gov/retirement/members/military-service-creditState Agencies Bulletin No. 2272
… for Paycheck Reversal . The new worksheet is formatted in Excel, and offers agencies two completion options, one of … Dates: The AC230 process schedule changes detailed in this bulletin will be effective on November 15, 2024. The … and corresponding funds, the payment will be reversed in PayServ. Any funds the employee is entitled to will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2272-process-changes-form-ac230-report-check-returned-refund-or-exchangeOpinion 94-27
… Town Law, §200 against both abutting and non-abutting property owners if it is determined that all of such property owners are benefited by the improvement. Town Law, … under Town Law 200 against both abutting and nonabutting property owners if it is determined that all of such property …
https://www.osc.ny.gov/legal-opinions/opinion-94-27State Agencies Bulletin No. 816
… Purpose To advise agencies of the change to the procedure for identifying employees who … and who are employed in the following agencies: Office of Parks, Recreation and Historic Preservation State University of New York Department of Correctional Services Background …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/816-new-query-identifying-employees-bargaining-units-61-and-91-eligible-preCriminal History Background Checks of Unlicensed Health Care Employees
… through its Criminal History Record Check (CHRC) Legal Unit, is responsible for conducting criminal history … If the person has been fingerprinted before, the CHRC Legal Unit reviews the case using information from its … approximately 17 percent with a criminal history, the CHRC Legal Unit conducted a review and made an employment …
https://www.osc.ny.gov/state-agencies/audits/2017/06/08/criminal-history-background-checks-unlicensed-health-care-employeesXII.4.F Proper Invoice – XII. Expenditures
… is a written or electronic request for payment submitted by the vendor that must contain the following information: … and Purchase order (PO) number, if applicable, as provided by ordering agency. When an invoice does not contain the … or rendered. If the goods, property, or services included on an invoice have not been delivered or rendered, agencies …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii4f-proper-invoiceXII.6.J Paying a Refund – XII. Expenditures
… individuals or businesses where all or part of the amount paid must be refunded to the payer. In the Legacy Central Accounting System, these payments were … TVOH-INVC-NUM Invoice Number Return Number or Claim Number paid. T304-DEPT-CD TVOD-BUSINESS-UNIT Business Unit Voucher …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6j-paying-refundOpinion 91-3
… OF HIGHWAYS -- Powers and Duties (control of highway equipment) TOWN BOARD -- Powers and Duties (management, custody and control of town property) HIGHWAY LAW, §142(2); TOWN LAW, §§32(1), 64(3): The town … and exclusive authority over the vehicles used by the highway department. Both the town board and the highway …
https://www.osc.ny.gov/legal-opinions/opinion-91-3