Search

More About This Retirement Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)

… This retirement plan summary describes the benefits available to … rights and responsibilities, and is not a substitute for any New York State or federal law. For specific information about your benefits, please contact …

https://www.osc.ny.gov/retirement/publications/1511/more-about-retirement-plan

Opinion 88-33

… -- Construction (of laterals to serve previously unserved properties within the district) IMPROVEMENT DISTRICTS -- … of the district or the town, lateral sewers to serve two properties within the district. The district was established … town board's resolution included laterals to serve all the properties within the subdivision. In 1961, when the …

https://www.osc.ny.gov/legal-opinions/opinion-88-33

Member Annual Statement

… a summary of your NYSLRS membership and benefits as of March 31, the end of the State fiscal year. We distribute … one or more NYSLRS requirements (for example, a record of activities is required for some elected and appointed …

https://www.osc.ny.gov/retirement/members/member-annual-statement

Contact and Security Administrators

… administrator access to more than one employee for each of the administrator roles. Contact and Security Administrators: … in Retirement Online can authorize administrator access. What You Need to Do You should: Review who is currently … a separation of duties. However, if your office structure does not support this or if you (as the CEO/CFO) authorize …

https://www.osc.ny.gov/retirement/employers/contact-and-security-administrators

NYS Common Retirement Fund Reports Third Quarter Results

… with an estimated value of $247.7 billion, according to New York State Comptroller Thomas P. DiNapoli. “Continued growth in the stock market has added to the state pension fund’s dramatic increases this year,” … our pension fund is strong and well-diversified and ready to meet any ups and downs. Investment gains will remain …

https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-results

XIV.14.L Asset Retirement Obligations – XIV. Special Procedures

… with the retirement (i.e., permanent removal from service) of a tangible capital asset. A government that has legal … exhaustive list. Agencies should consider the possibility of AROs when acquiring new capital assets. Per Paragraph 6 of GASBS 83, the following items do not fall within scope: …

https://www.osc.ny.gov/state-agencies/chapter-xiv/xiv14l-asset-retirement-obligations

Employers

… Information and resources for participating employers of the New York State and Local Retirement System NYSLRS …

https://www.osc.ny.gov/retirement/employers

Pelham Union Free School District – Information Technology (2021M-134)

… officials established adequate controls over user accounts to help prevent unauthorized use, access and loss, and … did not establish adequate controls over user accounts to help prevent against unauthorized use, access, and loss, … did not adopt an adequate IT contingency plan. In addition to sensitive IT control weaknesses that were communicated …

https://www.osc.ny.gov/local-government/audits/school-district/2022/04/08/pelham-union-free-school-district-information-technology-2021m-134

Renaissance Academy Charter School of the Arts – Financial Operations (2016M-198)

… Board oversight of the School’s financial operations for the period July 1, 2014 through March 17, 2016. … a seven-member Board of Trustees. Operating expenditures for the 2014-15 fiscal year totaled approximately $2.5 … School’s charter, bylaws and code of ethics policy and the application of General Municipal Law requirements. Ensure …

https://www.osc.ny.gov/local-government/audits/school-district/2016/08/12/renaissance-academy-charter-school-arts-financial-operations-2016m-198

Annual Financial Report Filing Deadlines

https://www.osc.ny.gov/local-government/required-reporting/annual-financial-report-filing-deadlines

SUNY Bulletin No. SU-373

… Purpose: The purpose of this bulletin is to provide agency instructions for processing the 2025 SUNY … on the payroll in their regular position and will continue to be paid. Agency Actions - Summer Session Payment … SERVICE MAXIMUM PERCENTAGE OF ACADEMIC YEAR SALARY (Round to the next higher week) 1 WEEK 2.67% 2 WEEKS 5.33% 3 WEEKS …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-373-2025-suny-summer-sessions-payments

SUNY Bulletin No. SU-261

… SUNY payroll staff will need to enter deduction code 412 for 403(b) ROTH participants on the General Deductions … Goal Amount for deduction codes 404, SUNY 403(b) Plan and 412 to prevent employees from exceeding their IRS limit. See … on limits. OSC Actions OSC has created deduction code 412 (SUNY 403(b) ROTH) in PayServ. Agency update will be …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-261-new-403b-after-tax-deferred-annuity-plan-roth-suny

Moriah Central School District - Medicaid Reimbursements (2019M-64)

… all Medicaid reimbursements to which it was entitled for services provided to eligible special education students. … to ensure Medicaid claims were submitted and reimbursed for all eligible services provided. Claims were not submitted and reimbursed for 517.5 eligible services totaling $21,211 and service …

https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-medicaid-reimbursements-2019m-64

Whitehall Central School District - Medicaid Reimbursements (2019M-42)

… all Medicaid reimbursements to which it was entitled for services provided to eligible special education students. … to ensure Medicaid claims were submitted and reimbursed for all eligible services provided. Claims were not submitted and reimbursed for 628 eligible services totaling $24,179. Had these …

https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/whitehall-central-school-district-medicaid-reimbursements-2019m-42

Tier 2, 3, 5 and 6 Death Benefits – Police and Fire Plan

… active service, your beneficiary will be paid the greater of the two death benefits; if you die after retirement, and … benefit in almost all cases. Death benefit two is equal to your salary multiplied by your years of service, not to exceed three years of salary. For example, …

https://www.osc.ny.gov/retirement/publications/1512/tier-2-3-5-and-6-death-benefits

Partial Lump Sum Payment – Special 20- and 25-Year Plans

… payment at retirement? Yes, eligible members can choose to receive a partial lump sum payment (PLS) at retirement. To … retirement benefit for at least one year before your date of retirement; and Retire with a service retirement benefit (not a disability benefit). The amount of a PLS payment is a percentage of the total actuarial value …

https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/partial-lump-sum-payment

DiNapoli: Son Who Left His Dad’s Body In Morgue Sentenced For Stealing His Retirement Payments

… a Class D felony, and petit larceny. Bunn’s case is the latest in a series of investigations by DiNapoli’s office …

https://www.osc.ny.gov/press/releases/2015/11/dinapoli-son-who-left-his-dads-body-morgue-sentenced-stealing-his-retirement-payments

Thank you for subscribing to the Comptroller's Weekly Newsletter!

Thank you for subscribing to the Comptroller's Weekly Newsletter!