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Selected Controls Over the Property Tax Assessment Process (Follow-Up)
… of implementation of the ten recommendations included in our initial report, Selected Controls Over the Property … every five years. There are four tax classes for property in New York City: Class 1 covers one- to three-unit … market value using one of several valuation methods based on the parcel’s tax class. Once market value is determined, …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followAbout the Retirement System – What Every Employer Should Know
… and Fire Retirement System (PFRS), created in 1966. NYSLRS is one of the largest public retirement systems in the world. … establishes the benefits and the overall methodology used to make sure System assets are available to pay these … … What every employer should know about NYSLRS and what it means to participate as an employer …
https://www.osc.ny.gov/retirement/employers/partnership/about-retirement-systemUnderstanding the Audit Process
… The State Comptroller evaluates the operations of New York State and New York City agencies and of public …
https://www.osc.ny.gov/state-agencies/audits/understanding-audit-processThe Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… years of credited service, you may choose to retire with a full benefit at age 62, or between the ages of 55 and 62 with … special plan. The Benefit If you are eligible to receive a full benefit, your pension will equal: 1/120th (.83 percent) …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planThe Age 60 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… choose to retire with a full benefit at age 62 or between the ages of 60 and 62 with a reduced benefit. 1 Regardless of … that offers a special retirement plan, you must retire by the first day of the month following your 70th birthday, even …
https://www.osc.ny.gov/retirement/publications/1511/age-60-planDeath of the Ex-Spouse – Divorce and Your Benefits
… If an ex-spouse dies prior to the member’s retirement, the DRO on file is vacated … the member’s future pension benefit without regard to equitable distribution. The entire benefit will be paid to the member. If an ex-spouse dies after the member retires, …
https://www.osc.ny.gov/retirement/members/divorce/death-ex-spouseDetermining the Ex-spouse's Share – Divorce and Your Benefits
… are marital assets subject to equitable distribution in the event of a divorce. A member and ex-spouse may establish … Formula The first step in the Majauskas formula determines what percentage of the member’s pension was earned during the … credit at retirement (denominator). Then, that percentage is multiplied by 50%, so that the member and ex-spouse each …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareNiagara Falls Housing Authority – Compensation-Related Payments to the Executive Director (2012M-199)
… Purpose of Audit The purpose of our audit was to examine the Authority’s process for … Housing Law Section 415. The Authority Board consists of seven members. The Authority is a public corporation formed for the purpose of providing housing services in the City of Niagara Falls in …
https://www.osc.ny.gov/local-government/audits/city/2013/01/18/niagara-falls-housing-authority-compensation-related-payments-executive-directorOpinion 89-5
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. COUNTY CLERK -- Fees (for notice of pendency … parcel of real property. A notice of pendency may be filed in any action in a court of this State or of the United …
https://www.osc.ny.gov/legal-opinions/opinion-89-5Unified Court System Bulletin No. UCS-139
… Unified Court System agencies of the Retroactive Salary and Location Pay Increases, to explain OSC’s automatic processing and to provide instructions for payments not processed … Payments For employees who have worked in more than one agency since the effective date of the Increase, all …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-139-retroactive-general-salary-and-location-pay-increasesFranklin County – Internal Controls Over the Timekeeping System (2014M-276)
… Franklin County is located in northeastern New York and has a population of approximately 51,600. The County is … system access is granted to employees appropriately and prohibit employees from modifying their own time records. …
https://www.osc.ny.gov/local-government/audits/county/2015/01/30/franklin-county-internal-controls-over-timekeeping-system-2014m-276Avoiding a Rejected DRO – Divorce and Your Benefits
… NYSLRS, as a governmental plan, has discretion to reject a DRO. Orders that are vague, contain inconsistent or … Code (IRC) must be deleted from any proposed or final DRO. Assignment — NYSLRS members are prohibited from … Elections — If a member is already retired at the time a DRO is submitted to NYSLRS and the member’s pension payment …
https://www.osc.ny.gov/retirement/members/divorce/avoiding-rejected-droFiremen’s Benevolent Association of the Village of Le Roy – Oversight of the Association’s Foreign Fire Insurance Tax Moneys (2014M-026)
… Purpose of Audit The purpose of our audit was to examine internal controls over the Association’s receipt and disbursement of the Foreign … firemen or their families. The Association is comprised of all volunteer firefighters from the three fire companies that …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/10/06/firemens-benevolent-association-village-le-roy-oversight-associationsOther Bulletin No. 44
… 2018 SCF M/C LLS payment Affected Employees Employees in Bargaining Unit 96 in the SCF with an increment code of 1976-2013 who meet the … 2018 SCF M/C LLS payment provided the employee: Is Active, on a Leave With Pay or on an Unpaid Military Stipend Leave in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-44-april-2018-state-university-construction-fund-scfOversight of the Nourish New York Program
… the Program The COVID-19 pandemic revealed weaknesses in the State’s food supply system and caused serious economic … residents. Nourish NY was developed as a temporary program in May 2020 in response to disrupted food supply chains … food banks to spend up to 15% of Nourish NY funding on administrative costs (e.g., salaries, rent, utilities) …
https://www.osc.ny.gov/state-agencies/audits/2023/09/21/oversight-nourish-new-york-programSpringbrook NY, Inc. – Compliance With the Reimbursable Cost Manual
… To determine whether the costs reported by Springbrook NY, Inc. (Springbrook) on its Consolidated Fiscal Report … with disabilities who are between three and five years of age. Springbrook is reimbursed for these services through …
https://www.osc.ny.gov/state-agencies/audits/2019/09/06/springbrook-ny-inc-compliance-reimbursable-cost-manualSt. Anne Institute – Compliance With the Reimbursable Cost Manual
… the costs reported by St. Anne Institute (St. Anne) on its Consolidated Fiscal Report (CFR) were properly … is an SED-approved, not-for-profit private school located in Albany that provides preschool special education services … year ended June 30, 2016, St. Anne reported about $450,000 in reimbursable costs on its CFR for the rate-based preschool …
https://www.osc.ny.gov/state-agencies/audits/2019/12/10/st-anne-institute-compliance-reimbursable-cost-manualCUNY Bulletin No. CU-329
… should be submitted only for “F,” “J,” “M” or “Q” Type 1 (one) visa holders. Effective Date(s) Institution Paychecks … appointing the student to the new 7XXX5 DeptID using one of the Position Numbers assigned to the DeptID. If the … created and terminated. A Transfer can be done only from one 7XXX5 DeptID to another 7XXX5 DeptID. If the student does …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-329-payment-and-reporting-cuny-nonresident-alien-scholarshipsBorrowing Against Your Contributions – Career Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … You repay each outstanding loan through payroll deductions in an amount sufficient to repay the loan and interest within … retire. The amount of your annuity reduction will be based on your age, the loan balance at retirement and type of …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsBorrowing Against Your Contributions – Regional State Park Police Plan
… when borrowing against your contributions: You must be in active service and have one year of member service credit. … You repay each outstanding loan through payroll deductions in an amount sufficient to repay the loan and interest within … retire. The amount of your annuity reduction will be based on your age, the loan balance at retirement and type of …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributions