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State Agencies Bulletin No. 2226
… bulletin is to notify agencies of the maximum salary limit for Tier 5 members of PFRS and ERS for fiscal year 2024. Affected Employees: Employees who are … Internal Revenue code, which provides dollar limitations for benefits and contributions under qualified retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2226-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireState Agencies Bulletin No. 2319
The purpose of this bulletin is to notify agencies of the maximum salary limit for Tier 5 members of PFRS and ERS for fiscal year 2025
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2319-maximum-salary-limit-tier-5-members-new-york-state-police-and-fireDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… (5.48%). The Fund’s long-term expected rate of return is 5.9%. The timing of the Fund’s annual valuation date is tied to the state fiscal year. Every three years the Fund is required to undergo an independent Fiduciary and Conflict …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnState Agencies Bulletin No. 2296
… in the New York State Deferred Compensation Plan for the calendar year 2025 Background: Pursuant to IRS IR-2024-285, released on … active participants turning ages 60, 61, 62, or 63 in the calendar year to either $10,000 or 50% more than the regular … in the New York State Deferred Compensation Plan for the calendar year 2025 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2296-deferred-compensation-maximum-contributions-limits-calendar-year-2025CUNY Bulletin No. CU-523
… Background The Health Benefits Buy Out Waiver Program is authorized under IRC Section 125 and administered under … City health benefits when other non-City group coverage is available. The employee must complete the Health Benefits … on a semi-annual basis. The maximum payment amount is $500; the payment must be prorated for any period less …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-523-city-university-new-york-cuny-health-benefits-buy-outState Agencies Bulletin No. 1168
… a user will notice. Instead of the word “processing” which is normally flashing in red in the upper right hand corner of … minimum supported Internet Explorer (IE) browser version is IE7. Users that have an earlier version of IE must update … All push button at the bottom of the dialog box that is displayed. Click the Yes push button when the following …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1168-peoplesoft-people-tools-upgrade-payservFull- and Part-Time Service Credit – Article 14 Benefits
… wage for your full career in public service. “Full-time” is defined by your employer, but must be at least six hours … a five-day week. Part-Time Employment Part-time employment is credited as the lesser of: number of days worked ÷ 260 …
https://www.osc.ny.gov/retirement/publications/1644/full-and-part-time-service-creditState Agencies Bulletin No. 1137
… processing of the LLS payment and to provide instructions for payments not processed automatically. Affected Employees … State and the Public Employees Federation (PEF), provides for a Longevity Lump Sum payment in April 2012. The Longevity … 25, 2012 (Administration). There will be no direct deposit for this payment. Eligibility – PEF Employees Employees in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1137-april-2012-public-employees-federation-pef-longevity-lump-sum-paymentState Agencies Bulletin No. 1109
… request the LLS payment after the completion of six (6) full pay periods in the lower grade using the same effective … a prorated amount, as described below: Employees who are full-time on March 31, 2011 or full-time employees who are on a Paid Leave of Absence, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1109-april-2011-management-confidential-mc-longevity-lump-sum-payments-llsCreditable Service – En-Con Police Officers Plan
… Certain military service may also be creditable towards the 25 years required for service retirement eligibility. …
https://www.osc.ny.gov/retirement/publications/1822/creditable-serviceOther Bulletin No. 44
… Purpose To provide the State University Construction Fund instructions for … lump sum payment in the amount of $1,250 or $2,500. The State University Construction Fund’s Board Resolution … subject to employment taxes and income taxes. Federal, State and New York City income tax withholding will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-44-april-2018-state-university-construction-fund-scfDiNapoli: Springport Town Clerk Pleads Guilty After Faking Retirement Benefits
… to any public employee who falsifies retirement records: You are risking arrest and tarnishing your reputation," … defraud the New York State and Local Retirement System. I thank Cayuga County District Attorney Jon E. Budelmann for …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-springport-town-clerk-pleads-guilty-after-faking-retirement-benefitsDiNapoli & NYC Make it Easier to Save for College
… the minimum contribution to 529 college savings accounts is a huge step forward in making a college education more … education at a time when the cost of college is at an all-time high." Jon Gray, co-founder with Mindy Gray … NYC Kids RISE achieve its important mission." "This is great news for children and families. As the first in my …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-nyc-make-it-easier-save-collegeAvailable Options – Article 14 Benefits
… PFRS Tier 3 members Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1644/available-optionsState Agencies Bulletin No. 1839
… Purpose The purpose of this bulletin is to provide agency instructions for processing the 2020 Institution Teacher Summer Session Payments and to inform agencies of new Earnings Codes used to process the payments. Affected Employees Teachers in the … The purpose of this bulletin is to provide agency instructions for processing the 2020 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1839-new-procedures-processing-2020-summer-session-payments-institutionCentral Valley School District – Claims Audit (2015M-129)
… our audit was to review the District’s financial condition for the period July 1, 2013 through November 30, 2014. Background The Central Valley School District is located in the Towns of Columbia, Frankfort, German Flatts, Herkimer, Litchfield, Little Falls and …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/28/central-valley-school-district-claims-audit-2015m-129Belleville-Henderson Central School District - Information Technology (2019M-128)
… District officials did not develop procedures for managing, limiting and monitoring user accounts and … who use IT resources. Develop written procedures for managing access to the network and financial application. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/11/belleville-henderson-central-school-district-information-technology-2019mDivision of Housing and Community Renewal Bulletin No. DH-55
… request the LLS payment after the completion of six (6) full pay periods in the lower grade using the same effective … a prorated amount, as described below: Employees who are full-time on March 31, 2012 or full-time employees who are on a Paid Leave of Absence, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-55-april-2012-rent-regulation-services-unit-rrsu-longevityState Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. Schenectady City School … officials did not maintain adequate inventory records and ordered excessive quantities of workbooks. As a result, … procedures on how workbooks should be accounted for and how the inventory should be monitored. Officials did not …
https://www.osc.ny.gov/press/releases/2023/11/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli: State Pension Fund Releases Annual Investment Return
… today announced that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that ended March 31, 2023. The Fund closed the year valued at $248.5 billion. “Recent months … announced that the New York State Common Retirement Funds Fund investment return was 414 for the state fiscal year that …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-return