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New York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
… Income and Earnings Returned to Pre-Pandemic Levels in New York? Recently released data from the U.S. Bureau of Economic Analysis show personal income in New York State has surpassed pre-pandemic levels by 12.8 … receipts to individuals, totaled nearly $1.6 trillion in the first quarter of 2021, an increase of 51.9 percent …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021UnitedHealthcare Insurance Company of New York: Improper Payments for Acupuncture and Acupuncture-Related Services (Follow-Up)
… Company of New York: Improper Payments for Acupuncture and Acupuncture-Related Services (Report 2020-S-7 ). About … health insurance coverage to over 1.2 million active and retired State, local government, and school district … (United) to administer the Empire Plan’s medical/surgical benefits. Medical/surgical benefits cover a range of …
https://www.osc.ny.gov/state-agencies/audits/2023/07/20/unitedhealthcare-insurance-company-new-york-improper-payments-acupuncture-and-acupunctureState Contract and Payment Actions in December
… and prime contractors. Cumulatively through December for calendar year 2020, the Comptroller’s office has approved …
https://www.osc.ny.gov/press/releases/2021/02/state-contract-and-payment-actions-decemberAccessing Retirement Online – Enhanced Reporting
… If you do not have a username and password, work with the Retirement Online Contact and Security Administrators at … For password resets or technical questions about using the system: Call the Retirement Online Employer Help Desk at 844-619-9614 …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/accessing-retirement-onlineDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… are required to have with their campuses while overseeing and managing billions in donations and resources, according … for two individuals whose total salary and fringe benefits amounted to $239,743. Auditors identified contracts … Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightState Agencies Bulletin No. 1034
… assistance benefit to employee taxable earnings and ensure that all educational assistance benefits are included when determining the taxable amount for … by voucher through the NYS Central Accounting System) and/or M/C, PEF or CSEA Tax Rules Per IRS Publication 15-B …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1034-educational-assistance-benefitsState Agencies Bulletin No. 936
… assistance benefit to employee taxable earnings and ensure that all educational assistance benefits are included when determining the taxable amount for … by voucher through the NYS Central Accounting System) and/or M/C, PEF or CSEA Tax Rules Per IRS Publication 15-B …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/936-educational-assistance-benefitsState Agencies Bulletin No. 857
… Assistance Benefit to employee taxable earnings and ensure that all Educational Assistance Benefits are included when determining the taxable amount for … by voucher through the NYS Central Accounting System) and/or CSEA, PEF or GOER Tax Rules Per IRS Publication 15-B …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/857-educational-assistance-benefitsSchool for Language and Communication Development – Compliance With the Reimbursable Cost Manual
… whether the costs reported by the School for Language and Communication Development (SLCD) on its Consolidated … (CFR) were properly calculated, adequately documented, and allowable under the State Education Department’s (SED) … The ineligible costs included: $28,271 in pension benefits for administrative employees that exceeded the …
https://www.osc.ny.gov/state-agencies/audits/2018/04/16/school-language-and-communication-development-compliance-reimbursable-cost-manualLump Sum Payments – Legacy Reporting
… tiers and plans, we can include a lump sum payment for up to 30 unused vacation days in the calculation of a three-year … on the Statement of Accrued Payments and Leave Credits Form (RS6221) , which you complete in connection with the … Payment Type Tiers 1 and 2 Tiers 3 and 4 Tiers 5 and 6 Buy Back Not reportable Not reportable Not reportable …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/lump-sum-paymentsWhat Not to Report – Legacy Reporting
… Not all items considered taxable by the IRS constitute salary … Law. The following payments should not be reported to us on the monthly report (nor should contributions be taken from these …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportEconomic and Demographic Trends – 2023 Financial Condition Report
… leisure and hospitality sector realized the largest job gains in 2022, 19.2 percent, but was still 10.4 percent below … growth (8.1 percent). The information sector realized wage loss of 3.1 percent. NYS GDP Nearly $1.6 Trillion in … by the U.S. Bureau of Economic Analysis. New York State’s real GDP increased by 3.2 percent, compared to 2.1 percent …
https://www.osc.ny.gov/reports/finance/2023-fcr/economic-and-demographic-trendsOverview – Contribution Stabilization Program
… is an optional program that allows you to pay a portion of your annual pension contributions to the Fund when due and pay the remainder over time with interest. The CSP … in any year. The program was designed to help the State and municipalities manage and smooth pension contribution …
https://www.osc.ny.gov/retirement/employers/csp/overviewState Agencies Bulletin No. 276
… Executive Branch agencies of the procedures for processing Military Stipend payments Eligible Employees Salaried (full … to the NYS Department of Civil Service Attendance and Leave Manual Advisory Memorandum No. 01-06, dated September …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/276-payment-military-stipend-events-september-11-2001Available Pension Payment Options – Special 20- and 25-Year Plans
… maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your … stop when you die. Mandatory contributions made by Tier 5 and 6 members are not annuity savings contributions. Joint … you with a reduced monthly benefit for your lifetime and is based on your birth date and that of your beneficiary. …
https://www.osc.ny.gov/retirement/publications/1517/available-pension-payment-optionsTown of Evans – Employee Benefits (2024M-53)
… Town of Evans (Town) officials maintained leave records and paid separation and health insurance opt-out payments (opt-out payments) that … that, if implemented, will improve the Town’s employee benefits practices. Town officials agreed with our …
https://www.osc.ny.gov/local-government/audits/town/2024/09/20/town-evans-employee-benefits-2024m-53Available Options – Career Plan
… basic retirement benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under … value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value of …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Police and Fire Plan
… basic retirement benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under … value will be paid to your beneficiary or estate in a lump sum. "Initial value" is an actuarial term for the value of …
https://www.osc.ny.gov/retirement/publications/1512/available-optionsAvailable Options – New Career Plan
… the same monthly amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … to one-half of the amount you were receiving (without COLA) for life. If your beneficiary dies before you, all … the same monthly amount or one-half that amount (without COLA), depending on which option you elect, to your …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Basic Plan with Increased-Take-Home-Pay (ITHP)
… retirement benefit. It provides for the maximum benefit payment to you each month for the rest of your life. Under … value will be paid to your beneficiary or estate in a lump sum. “Initial value” is an actuarial term for the value of …
https://www.osc.ny.gov/retirement/publications/1511/available-options