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Overview – Regional State Park Police Plan
… Overtime earned in the period used in the FAS;* Holiday pay; Noncompensatory overtime earned for each year in … a result of working your vacation; Any form of termination pay; Payments made in anticipation of retirement; Lump sum …
https://www.osc.ny.gov/retirement/publications/1867/overviewState Agencies Bulletin No. 1674
… per diems for the continental U.S. can be found in the Guide to Financial Operations Chapter XIII, Section 4.E . Non-Overnight Meal Allowances: The IRS requires employers to report and withhold income and employment taxes … travel (day trips). One-Year Rule The IRS requires employers to report travel reimbursements and withhold income …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1674-year-end-procedure-taxable-employee-expense-reimbursementsState Agencies Bulletin No. 1596
… per diems for the continental U.S. can be found in the Guide to Financial Operations, Chapter XIII, Section 4.E . Non-Overnight Meal Allowances The IRS requires employers to report and withhold income and employment taxes … travel (day trips). One-Year Rule The IRS requires employers to report travel reimbursements and withhold income …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1596-year-end-procedure-taxable-employee-expense-reimbursementsOpinion 88-6
… SECURITY LAW, §§113, 470: A municipality may not, by local law or collective bargaining, contribute to a "defined … pursuant to an agreement entered into between a town and a local bank constitutes a local retirement system for purposes … system for its officers or employees after April 12, 1922. The plan, which was established by the town by …
https://www.osc.ny.gov/legal-opinions/opinion-88-6DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… firms accounted for one-quarter of total real estate leasing in the city, a rate that more than doubled since … 1990. Fears of an economic recession have slowed tech leasing in the first eight months of 2022. Tech startups in …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesNormal Retirement – Article 14 Benefits
… You can choose normal retirement or early retirement, but must be separated from … benefit is reduced by 50 percent of your primary Social Security benefit. Your retirement benefit may be eligible for …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementNY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… will restrict its investments in eight integrated oil and gas companies, including Exxon Mobil Corp., after a review of … today. The evaluation of the Fund’s integrated oil and gas holdings is part of DiNapoli’s broader review of the … managed public equity holdings in eight integrated oil and gas companies that it has determined are not …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-invest2021 Local Sales Taxes Grew by Over 19 Percent; Exceeded Pre-Pandemic Levels
The report examines the many factors that drove sales tax growth in 2021, including inflation, along with the difference in sales tax recovery between New York City and the rest of the State.
https://www.osc.ny.gov/files/local-government/publications/pdf/2021-local-sales-taxes-grew-by-over-19-percent-exceeded-pre-pandemic-levels.pdfAbout this Report – 2021 Financial Condition Report
… This report provides citizens with an overview of the financial … information in an easy-to-understand format. The report also presents basic information on trends in State … economic and demographic trends affecting the State. This report fills an information need not met by the traditional, …
https://www.osc.ny.gov/reports/finance/2021-fcr/about-reportCUNY Bulletin No. CU-810
… Fine 416 Deferred Comp 425 Repay State Loans/Debt 432 SED Tax Deferred Annuity 433 Total Unemployment Ins Owed 500 … taxable gross subject to all employment and income taxes. Federal, State, and New York City income tax withholding will … regarding deductions may be directed to the Payroll Deduction mailbox. Questions regarding taxes may be directed …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-810-cuny-retroactive-rate-increases-locksmith-skilled-tradeEfforts to Collect Delinquent Taxes (2019-S-61)
To determine if the Department of Taxation and Finance is making adequate efforts, in accordance with Department policy, to collect unpaid amounts—including taxes, interest, penalties, and fees—from delinquent individual and business taxpayers.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s61.pdfDiNapoli Announces Latest Fiscal Stress Scores With Analysis of 10 Years of Fiscal Monitoring System Data
… their fiscal year 2022 with a fiscal stress designation, down from 20 a year ago, State Comptroller Thomas P. DiNapoli … so they can take corrective action to avoid problems down the road,” DiNapoli said. “The fact that fewer local … off in recent months and federal dollars are being spent down, so localities should plan their budgets cautiously and …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-latest-fiscal-stress-scores-analysis-10-years-fiscal-monitoring-system-dataState Agencies Bulletin No. 2036
… After Tax Health Adj Tax Information These monies are taxable income and are subject to all employment taxes and … taxes. These monies will be included in the employee’s taxable gross and will be reported on the employee’s Form … (AJR, ARC, ARO, and Retro (RXX)) are supplemental taxable wages, will be included in the employee’s taxable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2036-april-2022-retroactive-increase-agency-police-services-unit-apsuAbout Benefit Reductions
… for Early Retirement Members in regular retirement plans can retire with full benefits at the age specified by their … 55 with a reduction for early retirement.* *Tier 1 members can retire at age 55 without a benefit reduction. Retirement … the Unified Court System with 30 or more years of service can also retire between 55 and 62 with an unreduced benefit. …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsNYS Common Retirement Fund Announces Third Quarter Results
… robust third quarter that saw continued strong performance in domestic and developed international equities markets," … instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 80 …
https://www.osc.ny.gov/press/releases/2014/02/nys-common-retirement-fund-announces-third-quarter-resultsTier Status – Article 14 Benefits
… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are a Tier 3 member covered by Article 14 if you joined the … depending on their retirement plan election. There is no Tier 4 in the New York State and Local Police and Fire …
https://www.osc.ny.gov/retirement/publications/1644/tier-statusApplying for Benefits – Article 14 Benefits
… To apply for Retirement System benefits, you must file the appropriate … of the State Comptroller within specific time limits. For a form to be considered as “filed with the Comptroller,” … mailed. To meet a filing deadline (such as an application for retirement benefits or an option election form), you can …
https://www.osc.ny.gov/retirement/publications/1644/applying-benefitsOrdinary Death Benefit – Career Plan
… or Within 12 months of the last date you were receiving salary, on an authorized medical leave of absence or …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-death-benefitOrdinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… or Within 12 months of the last date you were receiving salary, on an authorized medical leave of absence, or …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefitOrdinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefit