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The Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Eligibility As a Tier 1 member, you will be eligible for a service retirement benefit when you reach age 60 and … with a reduced benefit. 1 Regardless of tier, if you work for an employer that offers a special retirement plan, you … your pension will equal: 1/140th (.71 percent) of your FAS for each year of credited service; plus 1/70th (1.42 percent) …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planContributing Toward Your Retirement – Basic Plan with Increased-Take-Home-Pay (ITHP)
… your employer provides). Since you are contributing less of your own money to the Retirement System, the annuity portion of your retirement benefit will be smaller. However, when you … a Tier 5 member, you are required to contribute 3 percent of your reportable earnings toward your retirement benefits, …
https://www.osc.ny.gov/retirement/publications/1511/contributing-toward-your-retirementDiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… issues raising concerns even as the U.S. economy continues to show strength,” DiNapoli said. “Fortunately, our diverse and well-managed portfolio is built to withstand market fluctuations and remains one of the … by the Fund in 2009 as part of his on-going efforts to increase accountability and transparency. …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarterOperational Advisory No. 27
… addition, the new policy may streamline business processes by minimizing the need for agencies to apply business rules … make appropriate revisions to the GFO sections impacted by this change on April 1, 2017. Any questions or feedback on …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/27-accounting-date-policy-change-confirmationState Agencies Bulletin No. 1573
… that the chartfield string associated with the position pool is lapsing they will need to contact their Appropriation … Budget Table USA in PayServ related to that position pool (refer to Job Aid for instructions) with a valid …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1573-updating-payserv-chartfield-strings-june-lapsing-eventsContract Advisory No. 21
Updating and PreEncumbering Contracts Converted During the EE1 Upgrade to SFS 92 and Correcting OffContract Payments
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/21-reminder-update-and-pre-encumber-contracts-converted-during-ee1-october-2015State Agencies Bulletin No. 1180
… Purpose To inform agencies that Position Pools and/or Cost Centers in PayServ may require … OSC Actions OSC will provide a spreadsheet of all current position pools that are affected by lapsing on 9/17/2012 or … Agency Actions Agencies will have to ensure that any position pools that appear on the spreadsheet are updated …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1180-updating-payserv-cost-centers-september-lapsing-eventsState Agencies Bulletin No. 1411
… Appropriation Section Representative in OSC’s Bureau of State Accounting Operations to have this information … string is lapsing on 6/30/2015, agencies must insert a new row into the Department Budget Table USA (refer to Job …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1411-updating-payserv-chartfield-strings-june-lapsing-eventsState Agencies Bulletin No. 1486
… that the chartfield string associated with the position pool is lapsing, they must contact their Appropriation … Aid for instructions) in PayServ related to that position pool with a valid chartfield string effective the beginning …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1486-updating-payserv-chartfield-strings-june-lapsing-eventsState Agencies Bulletin No. 1253
… is lapsing on 7/1/2013, agencies will need to insert a new row into the Position Pool Table in PayServ related to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1253-updating-payserv-cost-centers-july-lapsing-eventsState Agencies Bulletin No. 1325
… believe that the cost center associated with the position pool is lapsing they will need to contact to their … agencies will need to insert a new row into the Position Pool Table in PayServ related to that cost center with a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1325-updating-payserv-cost-centers-june-lapsing-eventsAccounts Payable Advisory No. 34
… of interest. Guidance : The Internal Revenue Service (IRS) generally requires the annual reporting of interest payments to certain payees totaling $600 or more in a single calendar year on Form 1099-INT. … (BSE) will produce Form 1099-INT to payees and the IRS for reportable payments processed through a joint custody …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/34-payment-and-reporting-interestOversight of Homeless Shelters (Follow-Up)
… Districts) in the operation of these programs. Through its Bureau of Shelter Services, the Office seeks to meet critical …
https://www.osc.ny.gov/state-agencies/audits/2017/06/27/oversight-homeless-shelters-followHate Crime Reporting
To determine whether the Division of Criminal Justice Services Division adequately monitors hate crime reporting and takes steps to ensure complete and accura
https://www.osc.ny.gov/state-agencies/audits/2014/09/25/hate-crime-reportingCity of Yonkers – Budget Review (B17-6-11)
… Background The Office of the State Comptroller, as Fiscal Agent for the City of Yonkers (City), determined that the … are in compliance with the requirements of the Fiscal Agent Act (Chapter 488 of the Laws of 1976). The City’s …
https://www.osc.ny.gov/local-government/audits/city/2017/07/07/city-yonkers-budget-review-b17-6-11Cyber Incident Response Team (Follow-Up)
… the National Guard. The Division’s mission is to provide leadership, coordination, and support for efforts to prevent, …
https://www.osc.ny.gov/state-agencies/audits/2023/07/20/cyber-incident-response-team-followX.1 Overview – X. Guide to Vendor/Customer Management
… chapter is to provide the procedures and guidance that Business Units need to register vendors and customers with New York State. VENDOR … and reliable information on all vendors registered to do business with New York State. The Office of the State … chapter is to provide the procedures and guidance that Business Units need to register vendors and customers with …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x1-overviewIX.6.F Agency Draw Procedures – IX. Federal Grants
… loan authority has been granted which allows the use of state funds for federal program spending with the … manner. It is essential that state agencies understand the impact that disbursements have on the State’s checking … The state not only loses out on the opportunity to earn interest on those funds, but those funds are not available to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6f-agency-draw-proceduresState Agencies Bulletin No. 1912
… June 30, 2021 Lapsing Chartfield Strings in PayServ A link will be posted on the PayServ Bulletin Board as well as …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1912-updating-payserv-chartfield-strings-june-lapsing-eventsState Agencies Bulletin No. 1838
The purpose of this bulletin is to inform agencies that position pools andor chartfield strings in PayServ may require updates for lapsing
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1838-updating-payserv-chartfield-strings-june-lapsing-events