Search
What is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … the New York State Common Retirement Fund . Over the past 20 years, the Fund’s investment returns have covered 75 … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planXII.6.O Paying Retainage – XII. Expenditures
… of the payment as a charge (positive amount), and a second line to represent the retainage (negative amount). Processing … the purchase order into the voucher again for the same line and full amount. The processor should then adjust the … to the Bureau of State Expenditures’ Customer Service Help Desk at (518) 474-4868, or by email addressed to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageTown of Waterford - Town Clerk Collections (2018M-265)
… Clerk fees intact. Adequately support collections and the form of payment was not always recorded. Receipts for the … Recommendations Maintain receipts or another acceptable form of documentation for all collections that include the payer, purpose, amount, date of receipt and form of payment. Make deposits of all collections intact, in …
https://www.osc.ny.gov/local-government/audits/town/2019/05/03/town-waterford-town-clerk-collections-2018m-265City of Binghamton - Water System Cybersecurity (2018M-152)
… City officials adequately safeguarded electronic access to the water system. Key Findings City officials did not: Adequately safeguard the electronic access to the water system. Implement a formal … threats. Prevent or monitor public disclosure of information that could jeopardize the water system. …
https://www.osc.ny.gov/local-government/audits/city/2018/11/30/city-binghamton-water-system-cybersecurity-2018m-152Town of New Windsor – Information Technology (2020M-137)
… training. Have a disaster recovery plan. Ensure online banking agreements comply with New York State General … of IT assets and data against loss or destruction. Ensure online banking agreements comply with GML, and that those who perform online banking transactions are familiar with its content. As …
https://www.osc.ny.gov/local-government/audits/town/2021/04/23/town-new-windsor-information-technology-2020m-137DiNapoli & Lander’s Proposal Calling on Wells Fargo Board to Report on Efforts to Prevent Discrimination and Harassment Wins Majority Support From Shareholders
… Fargo & Co.’s board of directors to publicly report on the company’s efforts to prevent harassment and discrimination in … pension funds. “Wells Fargo employees are one of the company's most valuable assets, however, recent scandals have … those employees who complained about the sham interviews. News outlets have also reported that the U.S. Attorney for …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-landers-proposal-calling-wells-fargo-board-report-efforts-prevent-discrimination-andTown of Eden - Real Property Tax Exemptions (2018M-231)
… Did not periodically monitor exemptions or obtain annual renewal documentation as required, to ensure the exemptions … Periodically monitor exemptions and ensure annual renewal documentation is provided when required. Town …
https://www.osc.ny.gov/local-government/audits/town/2019/03/15/town-eden-real-property-tax-exemptions-2018m-231Opinion 90-54
… distribution of benefits in matrimonial actions) DOMESTIC RELATIONS LAW, §236; RETIREMENT AND SOCIAL SECURITY … subject to the equitable distribution provisions of the Domestic Relations Law, and, therefore, may be paid by the … Internal Revenue Code (IRC) which provide for Qualified Domestic Relations Orders (QDRO's) (see ERISA, §4[b] and IRC, …
https://www.osc.ny.gov/legal-opinions/opinion-90-54CUNY Bulletin No. CU-345
… Purpose To inform agencies of the procedure to pay honoraria to independent contractors who are nonresident aliens. Affected … 1779 provides information in determining whether an individual providing services is an independent contractor …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-345-payment-nonresident-alien-independent-contractors-providingNew York State Comptroller Thomas P. DiNapoli Statement on Passing of CSEA's Danny Donohue
… Danny Donohue: “Danny Donohue was a tireless fighter for working people, not just for CSEA members who he led for … improvements, the strongest in generations, landmark COLA legislation for retirees on a fixed income, expansion of workplace …
https://www.osc.ny.gov/press/releases/2025/08/new-york-state-comptroller-thomas-p-dinapoli-statement-passing-cseas-danny-donohueDiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns … March 31, 2018)* Percent Returned Percentage of Fund’s Total Investments Domestic Equities 13.94% 36.6% Core Fixed …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionDiNapoli: Audits Find More Than $1 Million of Waste in New York's Medicaid Program
… claims worth nearly $1 million over a 27-month period for thousands of Medicaid recipients whose benefits were already covered by managed care plans, according to an audit released today by State Comptroller Thomas P. … had approximately 6.5 million enrollees and Medicaid claim costs totaled about $50.5 billion. DOH generally uses …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-audits-find-more-1-million-waste-new-yorks-medicaid-programNYSLRS Fact Sheet
… Overview The New York State and Local Retirement System (NYSLRS) administers two distinct retirement systems. They … Information (as of March 31, 2024) Overall membership in NYSLRS: 1,236,057 713,802 members (74% of members are …
https://www.osc.ny.gov/retirement/resources/nyslrs-fact-sheetTown of Corning – Procurement (2020M-93)
… [ read complete report - pdf ] Audit Objective Determine whether the Town of Corning …
https://www.osc.ny.gov/local-government/audits/town/2020/12/04/town-corning-procurement-2020m-93Town of Butternuts – Disbursements (2021M-62)
… than $500,000 on deposit. In addition, the Board allowed debit cards to be used, which resulted in a circumvention of the … the 142 disbursements totaling $142,200 we reviewed were for proper purposes and adequately supported, the Board, …
https://www.osc.ny.gov/local-government/audits/town/2021/08/06/town-butternuts-disbursements-2021m-62DiNapoli Says State Opioid Treatment Programs Need Better Coordination
… care with health care providers. This audit is part of a broader initiative by the State Comptroller's office to … a series of reports, will be looking to identify at-risk patient/provider behavior and gaps in the effectiveness of … designed to get individuals off highly addictive opioids can only be effective with proper vigilance. The state …
https://www.osc.ny.gov/press/releases/2018/11/dinapoli-says-state-opioid-treatment-programs-need-better-coordinationOpinion 92-37
… a town board resolution "establishing or extending a fire alarm or a fire protection district, or consolidating two or … protection district, or dissolving a fire district, a fire alarm or fire protection district" must be filed with the … relative to the establishment and extension of fire alarm and fire protection districts situated within certain …
https://www.osc.ny.gov/legal-opinions/opinion-92-37CUNY Bulletin No. CU-703
… Purpose The purpose of this bulletin is to notify CUNY agencies of the new arrears deduction codes for NYCTRS and provide … OSC Actions OSC has activated General Deduction Codes 634 (NYT Arrears Before Tax) and 647 (NYT Prior Service After Tax) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-703-new-retirement-arrears-deduction-codes-members-new-yorkVillage of Red Hook - Procurement and Claims Auditing (2019M-100)
… goods and services in compliance with the procurement policy. Determine whether claims were adequately supported … Village officials did not: Follow the adopted procurement policy when acquiring goods. Issue request for proposals for …
https://www.osc.ny.gov/local-government/audits/village/2019/10/11/village-red-hook-procurement-and-claims-auditing-2019m-100National Directory of New Hires Data Security
… Objective To determine whether the Office of Temporary and Disability Assistance has met federal requirements for securing National Directory of New Hires data. The audit covers the period June … Assistance (Office) is responsible for supervising State programs that provide assistance and support to …
https://www.osc.ny.gov/state-agencies/audits/2020/05/20/national-directory-new-hires-data-security