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DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. “Market volatility has been pronounced in … of 10.6% and a 10-year rate of 7.74% Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement, and mortality. …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25Graded Rates – Contribution Stabilization Program
… The increase or decrease in the Retirement System graded rates depends on the gap between the System average rate and … rate will increase/decrease by 1 percent in the direction of the System average rate. If the gap is less than 1 … rate will be set to the System average rate. Note: Graded rates are calculated based on a System average rate that does …
https://www.osc.ny.gov/retirement/employers/csp/graded-ratesDiNapoli: Mid-Hudson Region Shows Economic Strength Following Recession
… Comptroller DiNapoli today released an economic profile of the Mid-Hudson region. The region’s proximity to New York … growth in New York City,” DiNapoli said. “Unemployment rates have dropped and local industry is growing, … employer. Mid-Hudson employers paid an average annual wage of $56,647, higher than any region in the state other …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-mid-hudson-region-shows-economic-strength-following-recessionCUNY Bulletin No. CU-643
… earnings Affected Employees CUNY employees in the titles of Carpenter and Supervisor Carpenter Background A Memorandum … provides for a retroactive increase to the hourly rates effective 07/01/2018. The revised rate chart and … dated April 11, 2019. Eligibility Criteria General Wage Increase - CUNY employees represented by the NYC …
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
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the December 2022 minimum wage increases for hourly employees and provide instructions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2085-december-2022-increase-minimum-wageSUNY Bulletin No. SU-354
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the January 2024 minimum wage increases for hourly employees and provide instructions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-354-january-2024-increase-minimum-wage-employees-stateSUNY 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 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-291-december-2019-minimum-wage-increase-hourly-employeesExamples from GASB Statement 34 - Sample City Statement of Net Assets Proprietary Funds
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting … Accounts payable 447,427 304,003 751,430 780,570 Due to other funds 175,000 175,000 1,170,388 Compensated … in the "Totals" column on this statement flows directly to the "Business-type Activities" column on the statement of …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34Lease 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.pdfSUNY Bulletin No. SU-369
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the January 2025 minimum wage increases for hourly employees and provide instructions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-369-january-2025-increase-minimum-wage-employees-stateSelected Controls Over the Property Tax Assessment Process (Follow-Up)
… Objective To determine the extent of implementation of the ten recommendations included in our initial report, … not included in the previous tax classes. The tax classification determines how property value is assessed. DOF …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement, and mortality. …
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
… The Fund's value reflects retirement and death benefits of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement and mortality. …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnState Agencies Bulletin No. 1803
… Purpose The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the December 2019 minimum wage increases for hourly employees and provide instructions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1803-december-2019-minimum-wage-increase-hourly-employeesWage Subsidy and Transitional Employment Programs (Follow-Up)
… Purpose To determine the extent of implementation of the two recommendations included in our initial audit report, Wage Subsidy and Transitional Employment Programs (Report …
https://www.osc.ny.gov/state-agencies/audits/2017/03/09/wage-subsidy-and-transitional-employment-programs-followSelected 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.pdfSUNY Bulletin No. SU-289
… Purpose The purpose of this bulletin is to provide agencies with instructions on … contribution rate to be based on the employee’s annual wage. Once a Tier 6 member has reached three years of … that are not in PayServ. The employee contribution rates are: Wages Contribution Rate $45,000.00 or less 3% …
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
… Purpose The purpose of this bulletin is to provide agencies with instructions on … contribution rate be based on the employee’s annual wage. Once a Tier 6 member has reached three years of … that are not in PayServ. The employee contribution rates are: Wages Contribution Rate $45,000.00 or less 3% …
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-orpControls and Management of the Unemployment Insurance System
… Objective To determine whether the Department of Labor (Department) has taken appropriate steps to oversee … critical steps established in the Security Policy and the Classification, Encryption, Authentication, and Logging … data comply with provisions of the Security Policy, the Classification, Authentication, Encryption, and Logging …
https://www.osc.ny.gov/state-agencies/audits/2022/11/15/controls-and-management-unemployment-insurance-systemCUNY Bulletin No. CU-599
… earnings. Affected Employees CUNY employees in the title of City Laborer Background A Consent Determination based on a … paychecks dated 8/31/2017 Eligibility Criteria General Wage Increase - CUNY employees represented by the Local Union … Night shift shall not be paid in addition to other premium rates (OT, Sat/Sun or Holiday rates). OSC Actions Processing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-599-cuny-retroactive-rate-increases-city-laborer