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Overtime Limits for Tier 6
… calculation of your final average earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more … (Return to Top) PFRS Tier 6 Members Your overtime limit is 15 percent of your pensionable, non-overtime earnings … in the calculation of your final average earnings which is used to determine your pension is subject to an annual …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-6Overtime Limits for Tier 5
… Overview For members of Tier 5, the New York State Retirement and Social Security Law limits the amount of overtime pay included in the calculation of your final … earnings (FAE) , which is used to determine your NYSLRS pension. If you earn more than the annual limit, it will not …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-5Implications for the Future – 2022 Financial Condition Report
… faced the third year of the COVID-19 pandemic, its impact on the economy continued to be felt and was heightened by … funding for New York State. The State Relies Heavily on a Small Segment of Taxpayers New York State’s budget relies heavily on its Personal Income Tax (PIT), which produces almost 60 …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureResources for Local Officials
… and Temporary Municipal Assistance (TMA) American Rescue Plan Act (ARPA) - Coronavirus Local Fiscal Recovery Funds … Counties, Cities, Towns and Villages NYSLRS Employer Web Portal - Financial Statements and Supplementary Information …
https://www.osc.ny.gov/local-government/resources/resources-local-officialsImplications for the Future – 2021 Financial Condition Report
… The Economic Outlook: Employment Struggles and Uncertainty Remains While the recession brought on by the COVID-19 pandemic was short-lived, employment has yet to … While the recession brought on by the COVID19 pandemic was shortlived employment has yet to …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureSeminars for Local Officials
… and other local officials and employees. These training sessions take place on a single day and generally incorporate … 2–3 different topics. See below for more information on how to request training near you. …
https://www.osc.ny.gov/local-government/academy/seminars-local-officialsImplications for the Future – 2023 Financial Condition Report
… The Economic Outlook: Uncertainty Remains Looking ahead, numerous factors will continue to present … Looking ahead numerous factors will continue to present risks …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureHousing for Seniors (Follow-Up)
… Heights LLC in the Bronx, Victory Plaza in Manhattan, and Woodlawn Senior Living in the Bronx—and one development …
https://www.osc.ny.gov/state-agencies/audits/2026/05/18/housing-seniors-followBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a 371a and 375 Becoming Eligible for a Benefit …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitJust for State Employers
… are not automatically enrolled in NYSLRS if they wish to elect an alternate retirement program or system. Optional: … go to Notifications panel. Click Search Notifications link. After choosing location code, enter criteria to refine … choosing location code, click Member Contribution Rates link. Note: The Member Contributions Rate page only provides …
https://www.osc.ny.gov/retirement/employers/stateCity of Hornell – Foreign Fire Insurance Tax Money (2020M-140)
… the FFI tax money. The Fire Chief was solely responsible for disbursing, recording and reporting all transactions …
https://www.osc.ny.gov/local-government/audits/city/2021/03/12/city-hornell-foreign-fire-insurance-tax-money-2020m-140Reducing Medicaid Costs for Recipients Who Are Eligible for Medicare (Follow-Up)
… saved $294.4 million on behalf of these recipients for clinic, inpatient, and practitioner claims that could have … saved $190.3 million on behalf of 17,818 recipients for clinic, inpatient, and practitioner claims that could have …
https://www.osc.ny.gov/state-agencies/audits/2025/08/13/reducing-medicaid-costs-recipients-who-are-eligible-medicare-followAccounting for LOSAP
This session will discuss accounting principles and work through journal entry examples to ensure the proper recordkeeping for length of service award programs (LOSAP). Participants will also learn about the establishment of the programs, applicable GASB criteria and reporting requirements.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-losap-120424.pdfInstructions for Counties
Instructions for Counties
https://www.osc.ny.gov/files/local-government/required-reporting/pdf/instructions.pdfAccounting for Encumbrances
This presentation will explain the purpose of encumbrances, when they should be used and the benefits of a properly established encumbrance system. We will also discuss the necessary accounting entries and the impact of encumbrances on the budget.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-for-encumbrances-060326.pdfTown of Oneonta – Town Clerk (2021M-59)
… 30, 2020, the Clerk’s bank account held an unaccounted for and unremitted cash balance of $262. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/town/2021/07/02/town-oneonta-town-clerk-2021m-59Hamilton Central School District – Procurement (2020M-168)
… officials sought competition for the purchase of goods and services not subject to competitive bidding. Key Findings … not always seek competition for the purchase of goods and services not subject to competitive bidding, as required by … policy. Officials did not: Seek competition for the services procured from five professional service providers …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/26/hamilton-central-school-district-procurement-2020m-168Charter School for Applied Technologies - Student Enrollment and Billing (2019M-60)
… Findings Appropriate proof of residency was not on file for 34 of the 60 students in our audit sample (57 percent). The School billed tuition totaling $12,600 for three students to the incorrect district of residence and … manner and develop and implement escalation procedures for when it is not. Address and resolve the incorrect …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/06/14/charter-school-applied-technologies-student-enrollment-and-billing-2019mMedicaid Program – Reducing Medicaid Costs for Recipients Who Are Eligible for Medicare
… the Supplemental Security Income (SSI) program, a federal cash benefit to assist low-income individuals. In New York, …
https://www.osc.ny.gov/state-agencies/audits/2023/09/14/medicaid-program-reducing-medicaid-costs-recipients-who-are-eligible-medicareDiNapoli: NYS Office for the Aging Falling Short Funding Program for Seniors
… to spend millions of dollars on programs geared to support senior citizens, even during the COVID-19 pandemic when the … NYSOFA fell short on delivering those funds when more senior citizens likely needed them. Of the $30 million in … to spend millions of dollars on programs geared to support senior citizens even during the COVID19 pandemic when the …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nys-office-aging-falling-short-funding-program-seniors