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Message from the Comptroller – 2022 Financial Condition Report
… As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the State’s finances, New York ended the State Fiscal Year …
https://www.osc.ny.gov/reports/finance/2022-fcr/message-comptrollerImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced the third year of the COVID-19 pandemic, its impact on the …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureAbout the Retirement System – What Every Employer Should Know
… The New York State and Local Retirement System (NYSLRS) administers two distinct systems — the Employees’ Retirement System (ERS), established in 1921, and the Police and Fire Retirement System (PFRS), created in …
https://www.osc.ny.gov/retirement/employers/partnership/about-retirement-systemImplications for the Future – 2023 Financial Condition Report
… The Economic Outlook: Uncertainty Remains Looking ahead, … than not. These factors include persistent inflation, the effects of elevated interest rates due to Federal Reserve … lagging employment and labor force recovery relative to the nation will heighten those risks. For example, nearly …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureMessage from the Comptroller – 2023 Financial Condition Report
… support for schools, health care and other programs. At the same time, new risks to financial stability are emerging. … Federal aid provided $89.6 billion, or 38 percent, of the State’s All Funds receipts in SFY 2022-23. This aid … education, mass transit and social assistance. Critically, the financial plan used more than $14.7 billion of COVID-19 …
https://www.osc.ny.gov/reports/finance/2023-fcr/message-comptrollerDeath of the Ex-Spouse – Divorce and Your Benefits
… If an ex-spouse dies prior to the member’s retirement, the DRO on file is … entire benefit will be paid to the member. If an ex-spouse dies after the member retires, NYSLRS will stop payments to …
https://www.osc.ny.gov/retirement/members/divorce/death-ex-spouseParticipation in the Program – Contribution Stabilization Program
… . Forms can be submitted by: Email as an attachment to NYSLRS[email protected] ; or Mail to: NYSLRS Employer Services 110 …
https://www.osc.ny.gov/retirement/employers/csp/participation-programHow the Program Works – Contribution Stabilization Program
… annual contribution according to its usual procedures. The CSP does not change these procedures or the method for determining annual contribution rates. For purposes of the CSP, the normal annual contribution is the employer’s …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksImplications for the Future – 2021 Financial Condition Report
… The Economic Outlook: Employment Struggles and Uncertainty Remains While the recession brought on by the COVID-19 pandemic was short-lived, employment has yet to …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureMessage from the Comptroller – 2021 Financial Condition Report
… State Fiscal Year (SFY) 2020-21 will long be remembered for the disruption caused by the COVID-19 pandemic and for the resilience demonstrated by New Yorkers in responding to …
https://www.osc.ny.gov/reports/finance/2021-fcr/message-comptrollerDetermining 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 a pension benefit distribution. The most common equitable distribution formula for a public …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareTransforming the Procurement Function
… Transformation Plan, resulting in improved service levels for the customer, process efficiencies, and reduced costs. … the Transformation plan on July 24, 2019. The plan called for all support functions to be merged to drive higher … and simplification of processes across the MTA for accountability, and improved performance levels. The end …
https://www.osc.ny.gov/state-agencies/audits/2024/12/26/transforming-procurement-functionXVI.3.E The Reporting Entity – XVI. Financial Reporting
… Policy Reference: GASB Codification Section 2100 – Defining the Financial Reporting Entity Process and Document … for in numerous funds. Such agencies are logically part of the reporting entity due to the direct relationship between the agency and the State, and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3e-reporting-entityAdministration of the Contract With the Postgraduate Center for Mental Health
… Purpose To determine whether the Office of Mental Health (OMH) is effectively … administering its Supportive Housing Contract C007374 with the Postgraduate Center for Mental Health (PCMH) by ensuring … only appropriate and supported expenses were reimbursed. The audit focused primarily on the contract year ended June …
https://www.osc.ny.gov/state-agencies/audits/2016/12/30/administration-contract-postgraduate-center-mental-healthThe Arc of Orange County – Compliance With the Reimbursable Cost Manual
… Purpose To determine whether the costs reported by The Arc of Orange County (Arc Orange) on its Consolidated …
https://www.osc.ny.gov/state-agencies/audits/2016/03/17/arc-orange-county-compliance-reimbursable-cost-manualCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… First, the Retirement System’s Actuary determines the System average and graded rates . Graded rates are … Term Life Insurance (GTLI) owed that fiscal year. Then, the Actuary: Determines the employer’s normal contribution …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentDiNapoli Statement on Anniversary of the Jan. 6 Attack on the Capitol
… New York State Comptroller Thomas P. DiNapoli made the following statement on the first anniversary of the Jan. 6 attack on the Capitol. “Those who attacked the …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-statement-anniversary-jan-6-attack-capitolThe Child Development Council, Inc. – Compliance With the Reimbursable Cost Manual
… Purpose To determine whether the costs reported by The Child Development Council, Inc. (TCDC) on its …
https://www.osc.ny.gov/state-agencies/audits/2016/11/17/child-development-council-inc-compliance-reimbursable-cost-manualAdministration of the Contract With the Center for Urban Community Services
… Purpose We audited the New York City Department of Health and Mental Hygiene’s … (DOHMH) administration of a contract (#113 225 01) with the Center for Urban Community Services (CUCS) for the period July 1, 2010 through July 15, 2015. The audit …
https://www.osc.ny.gov/state-agencies/audits/2016/02/16/administration-contract-center-urban-community-servicesKids & the Training Institute, Inc. – Compliance With the Reimbursable Cost Manual
… Purpose To determine whether the costs reported by Kids & the Training Institute, Inc. (KTI) on the Consolidated Fiscal Report (CFR) were properly …
https://www.osc.ny.gov/state-agencies/audits/2013/02/07/kids-training-institute-inc-compliance-reimbursable-cost-manual