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What Not to Report – Legacy Reporting
… PFRS (15 percent of regular salary) members Overtime which is paid by private, non-governmental entities Payments made … 125 of the Internal Revenue Code: “…by an employee who is a participant in the New York State and Local Employees’ … thereto, any salary reduction elected by an employee who is a participant in the New York State and Local Police and …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportNew York State Health Insurance Program – CVS Caremark Payments Made Under the Incorrect Plan
… Medicare (Medicare-qualified) and their dependents, and a Commercial Plan for non-Medicare-qualified members and their … subsidies that are not available for claims paid under the Commercial Plan. Accordingly, ensuring that claims are … is required to ensure a smooth transition from the Commercial Plan to the Medicare Rx Plan for …
https://www.osc.ny.gov/state-agencies/audits/2026/06/04/new-york-state-health-insurance-program-cvs-caremark-payments-made-under-incorrect-planBorrowing Against Your Contributions – Article 14 Benefits
… federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal … in addition to any ordinary federal income tax you owe. Please consider consulting a tax advisor before applying for … die before repaying them. To apply, you must file a Loan Application (RS5025-A) with us. Please note: Any …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsState Audit Finds Rochester Transportation Authority Incorrectly Administered Compensation Program
… Transportation Authority (RGRTA) collected 57 percent of the authority’s salary bonuses over a three-year period … the authority rewarded collective achievements instead of individual efforts, according to an audit released today … P. DiNapoli. “My auditors found that RGRTA gave out most of its incentive bonuses for collective achievements despite …
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
… 2019. One part of the plan was to consolidate procurement for the MTA’s five operating agencies, MTA Construction & … storerooms for MTA Transit, Metro-North, Long Island Rail Road and MTA Bus, stocked about $800 million in materials for … disagreed with the findings, stated that it continues to work on increasing efficiency and savings, and that they are …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-mta-needs-do-more-increase-procurement-efficiencies-and-save-moneyOpinion 90-5
… March 5, 1990 Robert E. Pease, Esq. Town Attorney, Town of Somers …
https://www.osc.ny.gov/legal-opinions/opinion-90-5Opinion 97-14
… opinion. FOREIGN FIRE INSURANCE TAXES -- Particular Uses (furniture and trophy case) INSURANCE LAW, §§9104, 9105: … tax moneys to make reasonable expenditures to purchase furniture for a recreation room and a trophy case for a … case in the department's meeting room, and to pay for furniture for the department's recreation room. Sections 9104 …
https://www.osc.ny.gov/legal-opinions/opinion-97-14Opinion 91-39
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC OFFICERS AND EMPLOYEES -- Retirement … exceed that limitation, the trustee may waive all salary in excess thereof without diminution of retirement allowance. … salary as a member of the board of trustees in excess of the statutory limit imposed by Retirement and …
https://www.osc.ny.gov/legal-opinions/opinion-91-39Avoiding a Rejected DRO – Divorce and Your Benefits
… 1984 and certain provisions of the Internal Revenue Code (IRC) must be deleted from any proposed or final DRO. … Income Security Act (ERISA) and the Internal Revenue Code (IRC) that provide for pension distributions at the earliest … In addition, if an existing DRO requires the member to name an ex-spouse as an option beneficiary, NYSLRS cannot …
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 based on an award’s Accounts Receivable balance. OSC BSAO managed grants … within SFS. On the following business day, funds are received by the bank. OSC BSAO then matches the bank receipts … For most grants drawdowns on grants cashmanaged by OSC BSAO …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6b-osc-draw-proceduresComptroller DiNapoli Releases Municipal Audits
… Trust , Village of Scottsville and the Town of Ulster . “In today’s fiscal climate, budget transparency and … segregated and compensating controls were insufficient. In addition, access rights to the housing software and … late balances has not been approved and was not charged in the proper billing quarter. Town of Leicester – Budgeting …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-1XII.8.E Payment Assignments – XII. Expenditures
… or entity other than the original contract holder. Payment assignments are commonly due to financing … to the New York State Lien Law (Article 2, Section 16), payment assignments only become valid when (i) an appropriate … assignment, and (ii) the originating agency approves the payment assignment. According to New York State Lien Law …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8e-payment-assignmentsCUNY Bulletin No. CU-798
… by District Council 37 in Bargaining Units CC, CD, SF, SJ, T9, TG, TH, TJ, TK, TL, TM, TO, TP, TR, TU, TX, U3, U6 who … Value Earnings Code District Council 37 CC, CD, SF, SJ, T9, TG, TH, TJ, TK, TL, TM, TO, TP, TR, TU, TX, U3, U6 …
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 of this bulletin is to provide agency instructions for processing Discretionary Lump Sum Payments. Affected … Pay Period 20L, paychecks dated 01/15/2025. Payments for the Fall semester only, may be made beginning in … Pay Period 20L, paychecks dated 01/15/2025. Payments for the Spring semester only, may be made beginning in …
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 State Payroll … By enrolling in direct deposit, the employee and any joint account holder allows the State, through the financial …
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
… implement control systems to make sure better production and delivery information can guide investment … produced. Controls to avoid errors in transferring daily production records to monthly reports. Sufficient production records for extended periods of time. Water …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-evaluate-efficiency-your-water-delivery-systemMonitoring the Green Innovation Grant Program
… requirements. The audit covered the period January 1, 2010 through September 20, 2017. Background The Corporation is a public benefit corporation whose environmental initiatives … by harvesting and using stormwater. On a regional scale, green infrastructure is the preservation and …
https://www.osc.ny.gov/state-agencies/audits/2018/06/20/monitoring-green-innovation-grant-programMedgar Evers College – Controls Over Bank Accounts
… 4, 2015. Background CUNY is the largest urban university in the United States, consisting of 24 institutions. CUNY … MEC has approximately 6,700 students and is located in Brooklyn, New York. CUNY reported 567 bank accounts, … after CUNY’s bank authorization policy was established in 2008. However, CUNY Central did not have any of the …
https://www.osc.ny.gov/state-agencies/audits/2016/06/03/medgar-evers-college-controls-over-bank-accountsTrain On-Time Performance
… later than half the headway time), or is abandoned en route (i.e., skips any scheduled station stops or fails to operate on its scheduled route in accordance with the timetable). Transit’s Department … a train on time when it is not canceled or abandoned en route, and it arrives at the end terminal not more than five …
https://www.osc.ny.gov/state-agencies/audits/2015/08/12/train-time-performanceSelected Financial Management Practices
… and Gore Mountain Ski Centers, and the Olympic facilities in Lake Placid. In November 2012, it assumed management responsibility of the Belleayre Ski Area in Highmount, New York, from the New York State Department of …
https://www.osc.ny.gov/state-agencies/audits/2014/07/09/selected-financial-management-practices