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Final Average Earnings
… Tier 6 Final Average Earnings Now Highest 3 Years A new law … earned in the FAE period (see overtime limits for Tier 5 and overtime limits for Tier 6 ); Compensatory overtime; … part of the time period your FAE is based on. (Return to Top) Limitations & Calculating Your FAE The law limits the …
https://www.osc.ny.gov/retirement/members/final-average-earningsUnderstanding Your GASB Report – Governmental Accounting Standards Board
… It has a positive effect on net position, like assets. Discount Rate Per GASB Statement No. 67, a blended or single … used in the annual actuarial valuation, including a 5.9% discount rate. For more information, refer to the 2024 …
https://www.osc.ny.gov/retirement/employers/gasb/understanding-your-gasb-reportChallenging a Determination – Police and Fire Plan
… or 518-474-7736 in the Albany, New York area. … Police and Fire Plan information for PFRS Tier 1 2 3 Article …
https://www.osc.ny.gov/retirement/publications/1512/challenging-determinationState Agencies Bulletin No. 1745
… Employees and New York State employees who are enrolled in the New York State Employees Retirement System (ERS) … Credit for NYSLRS Reportable Employees. Update the plan, election date and contribution rate on the Retirement Plans … for enrollment of Optional Employees and loan and arrears updates for all members. Notifications will not be sent by …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1745-payserv-updates-resulting-new-york-state-and-local-retirement-systemComplaint Processing
… Objective To determine if the New York City Civilian Complaint Review Board (CCRB) has an appropriate and … there was an outstanding request to the NYPD for body-worn camera footage. According to CCRB’s Investigative Manual, no …
https://www.osc.ny.gov/state-agencies/audits/2022/10/05/complaint-processingOversight of Selected Aspects of Traffic Controls (Follow-Up)
… The New York City Department of Transportation (DOT) is responsible for the operation and condition of … timing, and maintenance of traffic control devices. DOT is responsible for conducting traffic control studies at … we found: Our review of 78 intersection studies determined it took DOT an average of 10 months (41 weeks) to complete a …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/oversight-selected-aspects-traffic-controls-followApplying for Benefits – Non-Contributory Plan with Guaranteed Benefits
… To apply for all Retirement System benefits, you must file the … in each benefit description. If you need help, you can call or write us, or make an appointment to speak with an …
https://www.osc.ny.gov/retirement/publications/1513/applying-benefitsEligibility, the Benefit and Filing – Non-Contributory Plan with Guaranteed Benefits
… Eligibility Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at … benefits of this plan. Regardless of tier, if you work for an employer that offers a special plan, (that allows … The maximum pension payable to Tier 2, 3, 5 and 6 members is the benefit payable on completion of 32 years of service. …
https://www.osc.ny.gov/retirement/publications/1513/eligibility-benefit-and-filingHow the Program Works – Contribution Stabilization Program
… what an employer’s contribution would be using the graded rate. NYSLRS compares the employer’s normal annual … income investments of a similar duration. The interest rate is set annually by the Comptroller. For the invoice … “Access Billing Dashboard” button. Choose your location code and retirement system (ERS or PFRS). Click the “Reserve …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksParticipation in the Program – Contribution Stabilization Program
… complete and submit a Participation Request form . Forms can be submitted by: Email as an attachment to … Reserve funds will be applied toward your invoice up to the maximum amount you would have been able to amortize … form (select “Employer Billing” from the dropdown) or call 866-805-0990 and press 1 to access the employer menu, …
https://www.osc.ny.gov/retirement/employers/csp/participation-programMember Contributions
… your employee will owe arrears and need to pay deficient contributions plus interest which accrues monthly on unpaid … overtime pay earned from April 1, 2022 through March 31, 2024 from the calculation of Tier 6 contribution rates. This … offer a non-contributory plan. (Return to Top) Voluntary Contributions ERS and PFRS Tier 1 and 2 members and PFRS Tier …
https://www.osc.ny.gov/retirement/employers/member-contributionsCompliance With Payment Card Industry Standards (Follow-Up)
… made in a preliminary report and confidential draft report issued to the Authority. Key Finding Authority … are still needed. Of the two prior audit recommendations, one has been implemented and one has been partially implemented. Key Recommendation …
https://www.osc.ny.gov/state-agencies/audits/2018/05/04/compliance-payment-card-industry-standards-followCompliance With Payment Card Industry Standards (Follow-Up)
… of the three recommendations included in our initial audit report, Compliance With Payment Card Industry Standards ( 2015-S-65 ). Background Our initial audit report, which was issued on June 8, 2016, covering the period … The three recommendations in our initial audit report addressed the implementation of recommendations made …
https://www.osc.ny.gov/state-agencies/audits/2017/12/27/compliance-payment-card-industry-standards-followDiNapoli: Fix Delays With Child Support Payments
… overall age of UDC accounts by county, the office provides little guidance to aid districts in establishing processes …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-fix-delays-child-support-paymentsCompliance With Payment Card Industry Standards (Follow-Up)
… card payments for E-ZPass tags at its administrative headquarters in Albany and at an outreach center in Nyack, as …
https://www.osc.ny.gov/state-agencies/audits/2019/09/27/compliance-payment-card-industry-standards-followContract with EBSCO Subscription Services, Inc. (Follow-Up)
… December 31, 2015. In accordance with the contract in force at the time of our initial audit, EBSCO was authorized …
https://www.osc.ny.gov/state-agencies/audits/2013/05/13/contract-ebsco-subscription-services-inc-followXIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)
… of PCIP, the practice of establishing a Project as equal to one funding source becomes obsolete. PCIP enables agencies to use the Project ID in SFS to manage and report on the total … such as state matched Federal funding. The project ID can now be used to track state funding sources rather than …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sourcesCompliance With Freedom of Information Law Requirements
… of the request that states the approximate date when such request will be granted or denied. Additionally, … reasons for further denial in writing. Key Findings DOT did not respond within the statutory time frame for 34 of the … statutory requirement to provide an appeal to Committee on Open Government (COOG) upon receipt for any of the 49 appeals …
https://www.osc.ny.gov/state-agencies/audits/2023/09/29/compliance-freedom-information-law-requirementsMaximizing Incentives for Individuals With Disabilities (Follow-Up)
… for people with disabilities. The New York Employment Service System (NYESS), which is administered by the Office … employment supports, identifying and matching individual job seekers to jobs, generating Ticket to Work program (TTW) … participating in NYESS. These provider affiliates provide customer support/services such as assessment, case …
https://www.osc.ny.gov/state-agencies/audits/2024/02/20/maximizing-incentives-individuals-disabilities-followCompliance With Special Education Requirements – Evaluations (Follow-Up)
… included in our initial audit report, Compliance With Special Education Requirements – Evaluations (Report … Individualized Education Program (IEP) development, and placement of students in special education. The New York … services. The Regulations specify a 60-calendar-day time frame for completing evaluations. Any delay in conducting the …
https://www.osc.ny.gov/state-agencies/audits/2023/03/15/compliance-special-education-requirements-evaluations-follow