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DiNapoli: NYS Common Retirement Fund Rises to Estimated $180.7 Billion
… fund reflects earnings over the quarter, offset by benefit payments. “The New York State Common Retirement Fund enjoyed … first quarter based on solid performance in domestic and global equities markets," DiNapoli said. “Our goal is always … traded domestic equities and 16.9 percent in non-U.S. and global equities. The remaining Fund assets by allocation are …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-nys-common-retirement-fund-rises-estimated-1807-billionPerformance of Duty Disability – Special 20- and 25-Year Plans
… file an application for a performance of duty disability retirement benefit within one year of the alleged incident or … incapacity. The Benefit If approved, your benefit will be 50 percent of your FAE, plus an annuity based on any voluntary contributions you may …
https://www.osc.ny.gov/retirement/publications/1517/performance-duty-disabilityOrdinary Disability (Section 362) – Special 20- and 25-Year Plans
… Eligibility If you are unable to perform your duties because of a permanent physical or mental incapacity, and if you have … effective, your ordinary disability benefit will be equal to the benefit that would be payable to you as a service …
https://www.osc.ny.gov/retirement/publications/1517/ordinary-disability-section-362DiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… Congress has provided some financial support, but far too little to fill the gap. For most local governments facing …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19Additional Service Credit for Sick Leave (Section 341[j]) – Forest Rangers Plan
… Social Security Law (RSSL), you may receive service credit for your unused, unpaid sick leave days at retirement. To be eligible for this benefit, you must retire directly from public … sick leave days, which cannot exceed 165, by 260. Credit for your unused sick leave at retirement cannot be used to: …
https://www.osc.ny.gov/retirement/publications/1864/additional-service-credit-sick-leave-section-341jSUNY Bulletin No. SU-289
… than) – Enter 1/2/2017 SUNY System Administration will run the query and provide each SUNY campus with the results … page. New York State Education Department is required to run the query and update the Retirement Plans page …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planMember & Retiree E-News Archive — 2024
… For the latest retirement news and information, subscribe to E-News . December 2024 Members Now Scheduling In-Person … The latest Retirement System news for NYSLRS members and retirees …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024Cost-Saving Ideas: Minimizing Unemployment Insurance Costs
… employers of their account condition for the previous calendar year. Employers can also call DOL toll-free at (888) … workforce size may impact potential costs. For example, a school district facing an upcoming fiscal crisis and possible … the reimbursement method, note that local governments and school districts must generally submit a written request to …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-minimizing-unemployment-insurance-costsExamples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… 8,630,835 417,814 16,700 121,052 9,186,401 Public safety 33,729,623 33,729,623 Public works 4,975,775 … from sale of park land 3,476,488 3,476,488 Net change in fund balances (1,252,956) (570,962) 13,141,377 … $ 9,623,472 $34,893,106 The reconciliation of the net change in fund balances of governmental funds to the …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1Death Benefits – Divorce and Your Benefits
… retiring) . It is payable to the member’s last designated beneficiary(ies). To be effective, the member must properly execute and file the appropriate beneficiary designation with NYSLRS. A DRO may direct a … death benefit. The benefit is payable to the beneficiary(ies) designated by the member. For more …
https://www.osc.ny.gov/retirement/members/divorce/death-benefitsState Comptroller Releases Municipal Audits
… Thomas P. DiNapoli today announced the following local government audits were issued. Auditors conducted reviews of … documentation of soliciting competition. Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-releases-municipal-auditsDiNapoli Releases Economic Report on Greater Flushing Area
… officials held a socially distanced press conference in Flushing, NY, to discuss the report. Watch a replay of the live stream . Flushing, and the surrounding neighborhoods that make up the greater Flushing area, enjoyed outsized employment and business … Flushing and the surrounding neighborhoods that make up the …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-releases-economic-report-greater-flushing-areaState Agencies Bulletin No. 1801
… had a home address in Bronx, Kings, New York, Queens or Richmond county in 2019, and were paid while at this address, … home address was in the Bronx, Kings, New York, Queens or Richmond county in 2019; The Resident checkbox was not … home address was not in Bronx, Kings, New York, Queens or Richmond county in 2019; and The employee’s Resident checkbox …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1801-2019-new-york-city-reportable-wagesVacating Orders – Divorce and Your Benefits
… include the date on which the original DRO was signed and language specifically vacating that DRO. In addition, a …
https://www.osc.ny.gov/retirement/members/divorce/vacating-ordersIRS Pension Limitation – State Correction Officers and Security Hospital Treatment Assistants Plan
… info for ERS Tier 3 5 and 6 members under Article 14CO IRS Pension Limitation …
https://www.osc.ny.gov/retirement/publications/1526/irs-pension-limitationDiNapoli: 31 School Districts Designated in Some Level of Fiscal Stress
… percentage of economically disadvantaged students, a high teacher turnover rate, a decrease in local property values, a …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-31-school-districts-designated-some-level-fiscal-stressDiNapoli Finds Schools Falling Short on Emergency Planning
… Schools are not doing enough to prepare for emergency situations like shootings, according to an audit of safety planning at 19 schools released today by New York … to make sure our children and school personnel are safe. Emergency planning must be a priority for all New York …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-finds-schools-falling-short-emergency-planningDiNapoli Urges Consumers to Read the Fine Print on Gift Cards This Holiday Season
… the fine print before purchasing or spending gift cards can help you avoid unnecessary fees and protect your money. … consumers to identify the different cards and how they can be used. Gift cards may have terms and conditions that can decrease the value of the gift card. These include …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-urges-consumers-read-fine-print-gift-cards-holiday-seasonExxon's Investors Call for Meaningful Climate Risk Plan
… of Exxon's peer companies, including BP, ConocoPhillips, Royal Dutch Shell and Total, have already endorsed the 2 … that was denied by the U.S. Securities and Exchange Commission. The proposal did not pass, but it received a …
https://www.osc.ny.gov/press/releases/2017/04/exxons-investors-call-meaningful-climate-risk-planDiNapoli: NYS Office for the Aging Falling Short Funding Program for Seniors
… The New York State Office for the Aging (NYSOFA) failed to spend millions of dollars on … Thomas P. DiNapoli. “There are older New Yorkers waiting for services to help them remain independent and out of nursing homes, but the Office for the Aging isn’t doing enough to make sure the funding for …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nys-office-aging-falling-short-funding-program-seniors