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DiNapoli: Mid-Hudson Region Shows Economic Strength Following Recession
… growth in New York City,” DiNapoli said. “Unemployment rates have dropped and local industry is growing, … north of New York City (Westchester, Rockland, Putnam, Orange, Dutchess, Ulster and Sullivan) make up the Mid-Hudson … region home in 2015, concentrated in Westchester County (976,000 - 42 percent), with just under 75,000 living …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-mid-hudson-region-shows-economic-strength-following-recessionCUNY Bulletin No. CU-643
… provides for a retroactive increase to the hourly rates effective 07/01/2018. The revised rate chart and … cancelled by OSC with the exception of percentage based union dues and the following: Code Description 406 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-643-cuny-retroactive-salary-rate-increases-carpenters-andState Agencies Bulletin No. 2085
inform agencies of OSCs processing of the December 2022 minimum wage increases for hourly employees and provide instructions for payments not processed automatically including increases for employees whose annual salary is below the annualized equivalent of the minimum wage for their location
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2085-december-2022-increase-minimum-wageSUNY Bulletin No. SU-354
… wage increase. Position Location Fieldvon Job Data by County Minimum Hourly Wage Bronx, Kings, New York, Richmond, Queens, Nassau, Suffolk, or Westchester $16.00 Other (location outside of Bronx, Kings, New York, Richmond, Queens, Nassau, Suffolk, or …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-354-january-2024-increase-minimum-wage-employees-stateLease Classification Changes as Required by GASB Statement No. 87
This bulletin explains the GASB’s new definition of a lease (including outlining the types of leases that are excluded by this new standard) and an explanation of what a lease term is per Statement 87.
https://www.osc.ny.gov/files/local-government/publications/pdf/lease-classification-changes-required-by-gasb-statement-87.pdfExamples from GASB Statement 34 - Sample City Statement of Net Assets Proprietary Funds
… the "net assets" format; the "balance sheet" format also is permitted. Classification of assets and liabilities is required in either case. Business-Type Activities … debt 72,728,293 360,281 73,088,574 8,690,746 Restricted for debt service 1,451,996 1,451,996 Unrestricted …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34SUNY Bulletin No. SU-291
… Purpose The purpose of this bulletin is to inform campuses of OSC’s automatic processing of the December 2019 minimum wage increases for hourly employees and provide instructions for payments … *The increase to $13.00 for employees whose job location is within the counties of Nassau, Suffolk, or Westchester …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-291-december-2019-minimum-wage-increase-hourly-employeesSelected Controls Over the Property Tax Assessment Process (Follow-Up)
… New York City Department of Finance (DOF) is responsible for assessing all real property throughout the City – approximately 1.05 million properties per year worth a total market value of more than $1 trillion. New York City … Once market value is determined, the assessed value is a percentage calculation of the market value. Our initial …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followGraded Rates – Contribution Stabilization Program
… on a System average rate that does not include employer Group Term Life Insurance (GTLI) owed that fiscal year. Fiscal Year End …
https://www.osc.ny.gov/retirement/employers/csp/graded-ratesDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… New York State Common Retirement Fund’s investment return was 11.55% for the state fiscal year that ended March 31, … New York State Common Retirement Funds investment return was 1155 for the state fiscal year that ended March 31 2024 …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State Pension Fund Releases Annual Investment Return
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that ended March … New York State Comptroller Thomas P DiNapoli today announced … the New York State Common Retirement Funds Fund investment return was 414 for the state fiscal year that ended March 31 …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnSUNY Bulletin No. SU-369
… of OSC’s automatic processing of the January 2025 minimum wage increases for hourly employees and provide instructions for payments not processed … salary is below the annualized equivalent of the minimum wage for their work location. Affected Employees: Employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-369-january-2025-increase-minimum-wage-employees-stateWage Subsidy and Transitional Employment Programs
… 18, 2015. Background The federal Temporary Assistance for Needy Families (TANF) program provides assistance and … Program (WSP) and Transitional Employment (TE) program. For State fiscal years 2011 through 2014, federal funding provided $3.8 million for WSP/TE programs. The Office is responsible for …
https://www.osc.ny.gov/state-agencies/audits/2016/03/29/wage-subsidy-and-transitional-employment-programsState Agencies Bulletin No. 1803
… job location is within the five boroughs of New York City (NYC) (effective December 31, 2018), $13.00 for State … Agency Minimum Hourly Wage Other (job location outside of NYC) $11.80 Nassau, Suffolk or Westchester County $13.00* Job location in NYC $15.00 (effective December 31, 2018) *The increase to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1803-december-2019-minimum-wage-increase-hourly-employeesSelected Wage Investigation Procedures (2019-S-46)
To determine if the Department of Labor is following its wage investigation procedures, including conducting outreach to claimants about case status and recovered wages.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s46.pdfControls and Management of the Unemployment Insurance System
… Objective To determine whether the Department of Labor (Department) has taken appropriate steps to oversee … Insurance system and to comply with selected portions of the New York State Information Security Policy and … the unemployed, and connect jobless workers to jobs. One of its key tasks in assisting the unemployed is administering …
https://www.osc.ny.gov/state-agencies/audits/2022/11/15/controls-and-management-unemployment-insurance-systemSUNY Bulletin No. SU-289
… Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 New York State Education … Benefit Plan based on the agency’s review of the “two-year look back” salary. Public query TWO_YEAR_LOOKBACK_SUNY_ORP … from each row must be combined to determine the “two-year look back” salary. The query will prompt for: Calendar Year – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planCUNY Bulletin No. CU-691
… Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 CUNY employees who are … Benefit Plan based on the agency’s review of the “two-year look back” salary. Public query CUNY_TIER6_2YR_NEW will … from each row must be combined to determine the “two-year look back” salary. The query will prompt for: Calendar Year – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-691-two-year-look-back-tier-6-cuny-optional-retirement-plan-orpCUNY Bulletin No. CU-599
… Wage Increase - CUNY employees represented by the Local Union 924, District Council 37, AFSCME-AFL-CIO who are in the … Enter the total amount of the adjustment. Agency Actions - Holiday Pay Adjustments Previously, effective 6/22/12, City … cancelled by OSC with the exception of percentage based union dues and agency shop fees and the following: Code …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-599-cuny-retroactive-rate-increases-city-laborerWage Subsidy and Transitional Employment Programs (Follow-Up)
… 2015-S - 58 ). Background The federal Temporary Assistance for Needy Families (TANF) program provides assistance and … and has contracted with eligible public or private not-for-profit organizations (contractors) to employ eligible … the employer themselves. Contractors reimburse employers for their wage subsidy costs (i.e., cost of the wages and …
https://www.osc.ny.gov/state-agencies/audits/2017/03/09/wage-subsidy-and-transitional-employment-programs-follow