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Borrowing Against Your Contributions – Article 14 Benefits
… you should be aware of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal limits. You have a loan with a deferred compensation (457) or … plan through your current employer that causes your loan to exceed the federal limits for nontaxable loans. Exceeding …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsState Audit Finds Rochester Transportation Authority Incorrectly Administered Compensation Program
… Top executives at the Rochester-Genesee Regional Transportation Authority (RGRTA) collected 57 percent of the … individual efforts.” RGRTA, which provides public transportation services in Rochester and several surrounding … criteria. In comparison to other upstate New York transportation authorities, RGRTA awarded its executives the …
https://www.osc.ny.gov/press/releases/2015/02/state-audit-finds-rochester-transportation-authority-incorrectly-administered-compensation-programDiNapoli: MTA Needs To Do More To Increase Procurement Efficiencies and Save Money
… process,” DiNapoli said. “More savings may be possible if it does more to coordinate purchasing among its agencies … to be fully realized.” MTA spends over $7 billion a year on procurement, covering everything from construction … and savings, and that they are not required to define what savings stem from the Transformation Plan. Audit …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-mta-needs-do-more-increase-procurement-efficiencies-and-save-moneyOpinion 90-5
… opinion. LIBRARIES -- Library Trustees (increase in their number) EDUCATION LAW, §§226(1), 260(1), (2): Although the … library, the trustees are empowered to increase their number, subject to the statutory maximum. This is in reply to … to increase the number of trustees and, if so, by what procedure and for what term the new trustees would be …
https://www.osc.ny.gov/legal-opinions/opinion-90-5Opinion 97-14
… expenditures to purchase furniture for a recreation room and a trophy case for a meeting room for department use. You ask whether foreign fire … of constructing a trophy case in the department's meeting room, and to pay for furniture for the department's …
https://www.osc.ny.gov/legal-opinions/opinion-97-14Opinion 91-39
… may be re-appointed as a trustee without diminution of his or her retirement allowance, subject to the income … imposed by Retirement and Social Security Law, §212. If his or her post-retirement salary as trustee would exceed … to the position of trustee without diminution of his or her retirement allowance. If he or she may be …
https://www.osc.ny.gov/legal-opinions/opinion-91-39Avoiding a Rejected DRO – Divorce and Your Benefits
… the RSSL for an ex-spouse to designate a beneficiary or to elect a method of payment. The qualifications and rights of … time of retirement did not violate a pre-existing court order or agreement, their option election is irrevocable. … requiring the member to name a different beneficiary or elect a different option. Rev. 2/23 …
https://www.osc.ny.gov/retirement/members/divorce/avoiding-rejected-droIX.6.B OSC Draw Procedures – IX. Federal Grants
… For most grants, drawdowns on grants cash-managed by OSC BSAO … are associated with an “ACTIVE” customer contract whereas for non-managed grants the contract is “PENDING”. This status … a corresponding Accounts Receivable is generated. For more detailed information on billing, see Section 5 - …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6b-osc-draw-proceduresComptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … with minimal oversight. As a result, the clerk was able to manipulate court records and admitted to embezzling funds. …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-1XII.8.E Payment Assignments – XII. Expenditures
… Contract Assignments . According to the New York State Lien Law (Article 2, Section 16), payment assignments only … the payment assignment. According to New York State Lien Law (Article 2, Section 25), every assignment of moneys, … of trust claims as defined in section seventy-one of the lien law, and apply such moneys to such payments only, before …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8e-payment-assignmentsCUNY Bulletin No. CU-798
… by Teamsters Local 237 in Bargaining Units SB, SC, SE, SL, SM, SP, ST, SU, SV, SW, SX, SZ, TS, or TT. Employees … TR, TU, TX, U3, U6 $107.00 PL3 Teamsters Local 237 SB, SC, SE, SL, SM, SP, ST, SU, SV, SW, SX, SZ, TS, TT $103.50 PL1 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-798-prepaid-legal-service-benefit-cuny-employeesSUNY Bulletin No. SU-368
… Purpose: The purpose of this bulletin is to provide agency instructions for processing … using the Flat Rate method. Yonkers Flat Rate Withholding is 1.95975% for Yonkers residents and 0.50% for Yonkers … advice. Undeliverable Checks: When a valid payroll check is undeliverable due to the agency’s inability to locate the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-368-suny-discretionary-lump-sum-payments-dlp-and-dls-fall-2024State Agencies Bulletin No. 422.3
… Under the current business process, state agencies submit Form AC 3197, Request for Direct Deposit Delete/Reversal, to … the New York State payroll is confirmed one week prior to the check date. This allows sufficient time for … that was deposited to the account in error. Refer to the authorization on the AC2772 , Direct Deposit form for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4223-new-process-request-direct-deposit-delete-or-reversalCost-Saving Ideas: Evaluate the Efficiency of Your Water Delivery System
… control systems to make sure better production and delivery information can guide investment decisions about … CostSaving Ideas Evaluate the Efficiency of Your Water Delivery System …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-evaluate-efficiency-your-water-delivery-systemMonitoring the Green Innovation Grant Program
… Purpose To determine if the Environmental Facilities Corporation (Corporation) is effectively monitoring projects awarded under … January 1, 2010 through September 20, 2017. Background The Corporation is a public benefit corporation whose … To determine if the Environmental Facilities Corporation is effectively monitoring projects awarded under …
https://www.osc.ny.gov/state-agencies/audits/2018/06/20/monitoring-green-innovation-grant-programMedgar Evers College – Controls Over Bank Accounts
… and professional education students. MEC has approximately 6,700 students and is located in Brooklyn, New York. CUNY …
https://www.osc.ny.gov/state-agencies/audits/2016/06/03/medgar-evers-college-controls-over-bank-accountsTrain On-Time Performance
… the Metropolitan Transportation Authority’s New York City Transit trains run on time, and whether actions are … The Metropolitan Transportation Authority’s (MTA) New York City Transit (Transit) provides rapid transit services in New York City, 24 hours a day, 7 days a week. The MTA’s website lists …
https://www.osc.ny.gov/state-agencies/audits/2015/08/12/train-time-performanceSelected Financial Management Practices
… The audit covers from April 1, 2010, through September 26, 2013. Background ORDA operates the Whiteface and Gore … fiscal years ended March 31, 2013, ORDA has used a line of credit (LOC) to cover its basic operating costs including …
https://www.osc.ny.gov/state-agencies/audits/2014/07/09/selected-financial-management-practicesOversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and Radiation Equipment Facilities
… Key Findings The Department completed 94% of RAM facility and radiation equipment facility inspections on time; however, it completed 44% of … as for staff time and travel. Additionally: Of the 259 RAM facility inspections that needed the buffer to be considered …
https://www.osc.ny.gov/state-agencies/audits/2021/09/23/oversight-registration-licensing-and-inspection-radioactive-materials-facilities-andCUNY Bulletin No. CU-847
… by Teamsters Local 237 in Bargaining Units SB, SC, SE, SL, SM, SP, ST, SU, SV, SW, SX, SZ, TS, or TT. Employees … TR, TU, TX, U3, U6 $107.00 PL3 Teamsters Local 237 SB, SC, SE, SL, SM, SP, ST, SU, SV, SW, SX, SZ, TS, TT $139.88 PL1 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-847-prepaid-legal-service-benefit-city-university-new-york-cuny