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DiNapoli: School District Revenue Growth Slows
… only 1.3 percent, according to a report issued today by State Comptroller Thomas P. DiNapoli. The report is part … 2002-03 to 2007-08, these revenues increased by nearly 7 percent per year. For the 2012-13 school year, school … aid accounted for 34 percent ($20 billion), federal aid 5 percent ($3 billion) and 48 percent from local property …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsVillage Official Heading to Prison for Stealing More Than $100,000
… agreement, Bailey must pay full restitution. “Fleecing your community and your neighbors for five years is appalling,” said DiNapoli. …
https://www.osc.ny.gov/press/releases/2014/08/village-official-heading-prison-stealing-more-100000DiNapoli Reaches Agreement With Mattel Inc. on Political Spending Disclosure
… determine if companies are using their investments in ways that benefit long-term value or if they are putting … this policy the norm. "Comptroller DiNapoli is a leader in bringing sunlight to corporate electoral spending." Since the U.S. Supreme Court's Citizens United ruling in 2010, DiNapoli has made it a priority to engage the Fund's …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-reaches-agreement-mattel-inc-political-spending-disclosureUnderstanding the Audit Process
… Shared Commitment The audit process can be a trying time for an organization. We strive to minimize the disruption. …
https://www.osc.ny.gov/local-government/audits/understanding-audit-processThe Domestic Relations Order – Divorce and Your Benefits
… The State Court of Appeals determined that NYSLRS benefits … we will honor a properly drawn Domestic Relations Order (DRO) issued by a New York State court. (For … or protections. As a governmental plan, NYSLRS is exempt from the provisions of the Employee Retirement Income …
https://www.osc.ny.gov/retirement/members/divorce/domestic-relations-orderThe Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… As a Tier 1 member, you will be eligible for a service retirement benefit when you reach age 55 and have five or … of tier, if you work for an employer that offers a special retirement plan, you must retire by the first day of the … Retirement (RS6037) must be on file with the Office of the State Comptroller at least 15 days, but not more than 90 …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planThe 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 … or more years of credited service. If you are a Tier 2, 3, 5 or 6 member with five or more years of credited service, … before age 62 will have their benefit reduced by the percentage shown below: Age at Retirement Percentage of …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planUnderstanding the Audit Process
… The State Comptroller evaluates the operations of New York State and New York City agencies and of public …
https://www.osc.ny.gov/state-agencies/audits/understanding-audit-processAbout the Retirement System – What Every Employer Should Know
… establishes the benefits and the overall methodology used to make sure System assets are available to pay these benefits. NYSLRS administers benefits for more … need help, you can send your question using our help desk form , or call 866-805-0990 and press 1. Rev. 1/22 … What …
https://www.osc.ny.gov/retirement/employers/partnership/about-retirement-systemImplications for the Future – 2021 Financial Condition Report
… of the year, DOB was able to avoid making $8.2 billion in local assistance reductions, make over $3 billion in debt … and pay off more than $900 million in amortized pension payments. New Yorkers consistently pay more in … allowed levels and approximately 3.3 percent of General Fund spending. These funds were insufficient in the face of a …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureMessage from the Comptroller – 2021 Financial Condition Report
… as well as the ongoing decision-making regarding the best path forward for New York State. Thomas P. DiNapoli …
https://www.osc.ny.gov/reports/finance/2021-fcr/message-comptrollerParticipation in the Program – Contribution Stabilization Program
… Joining the Program Employers are eligible to participate in the CSP during a fiscal year in which their graded rate falls below their average rate. … will appear on their invoice. To elect to participate in the Contribution Stabilization Program (CSP), you must …
https://www.osc.ny.gov/retirement/employers/csp/participation-programHow the Program Works – Contribution Stabilization Program
… fixed rate securities of appropriate duration held by the New York State Common Retirement Fund (Fund). That rate of … ratio are not affected. Rev. 12/23 … Explaining the New York State and Local Retirement System NYSLRS …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksImplications for the Future – 2023 Financial Condition Report
… Remains Looking ahead, numerous factors will continue to present risks to economic growth, and many forecasters continue to believe that a recession is more likely than not. These …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureMessage from the Comptroller – 2023 Financial Condition Report
… emerges from the pandemic and policymakers contemplate the best path forward. Thomas P. DiNapoli State Comptroller … …
https://www.osc.ny.gov/reports/finance/2023-fcr/message-comptrollerMessage from the Comptroller – 2022 Financial Condition Report
… ended the State Fiscal Year (SFY) 2021-22 budget on stable ground. Historic federal financial assistance and improved … ended the State Fiscal Year SFY 202122 budget on stable ground …
https://www.osc.ny.gov/reports/finance/2022-fcr/message-comptrollerImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced … the COVID-19 pandemic, its impact on the economy continued to be felt and was heightened by other factors, such as the … The Importance of Federal Funding Federal aid has long played an essential role in the State’s budget and its …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureDeath of the Ex-Spouse – Divorce and Your Benefits
… will stop payments to the ex-spouse after receiving a copy of the certified death certificate. The ex-spouse’s share of the pension will then be paid to the member, retroactive to the date NYSLRS is notified of the ex-spouse’s death. Rev. 2/23 …
https://www.osc.ny.gov/retirement/members/divorce/death-ex-spouseDetermining the Ex-spouse's Share – Divorce and Your Benefits
… The most common equitable distribution formula for a public pension was established by the State Court of … (denominator) 2. Marital share × 50% = ex-spouse’s portion For example, if the member accrued 18 years of service while … when the numerator is written as an open date field, for example: Total service credit accrued between the date of …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareXVI.3.E The Reporting Entity – XVI. Financial Reporting
… or ongoing financial responsibility. Since the State does not currently record its equity in joint ventures, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3e-reporting-entity