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Opinion 90-45
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … the opinion. PUBLIC CONTRACTS -- Standardization (contents of resolution) GENERAL MUNICIPAL LAW, §103(5): A … Concerning the propriety of a proposed resolution to standardize on a particular make …
https://www.osc.ny.gov/legal-opinions/opinion-90-45Letter of Authorization and Fee Agreement
All Location Service Providers must submit claims by mail. You’ll need to provide an agreement that is signed by the owner and witnessed and acknowledged by a n
https://www.osc.ny.gov/files/unclaimed-funds/claimants/pdf/authorization-fee-agreement.pdfState Agencies Bulletin No. 1953
… sample letter which agencies may use is provided. Agency letterhead should be used when providing a copy of the letter …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1953-verification-employees-social-security-number-ssn-and-name-be-reportedSUNY Bulletin No. SU-271
… Employees Employees designated management or confidential in the State University of New York – BU13 who meet the … A copy of this roster will be provided to OSC in Excel format. Agencies must submit the following … $600 Lump Sum paymentis pensionable but is not included in the calculation of overtime. Tax Information The 2017 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-271-2017-state-university-new-york-suny-management-andAbout Statement No. 68 – Governmental Accounting Standards Board
… Statement No. 68, Accounting and Financial Reporting for Pensions : Requires employers participating in state and … statements along with an associated pension expense. If you prepare financial statements in accordance with Generally … liability, pension expense, deferred inflows/outflows and other related disclosures. Calculations are based on current …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-68Operational Advisory No. 29
… or Cancelling Refund, Vendor, Employee Expense, or SSP Checks Guidance : The Office of the State Comptroller … procedures regarding refund, vendor, employee expense, and SSP checks that are returned and/or need to be reissued. The … – Reissuing or Cancelling a Vendor, Employee Expense, or SSP Check Chapter XII.9.G - Reissuing or Cancelling a Refund …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/29-gfo-updates-reissuing-or-cancelling-refund-vendor-employee-expense-or-sspThe Domestic Relations Order – Divorce and Your Benefits
… see Out-of-State Orders .) A DRO is a court order issued after a final judgment of divorce that provides the ex-spouse of a member … to an ex-spouse of a member. A copy of the parties’ judgment of divorce is sufficient proof of divorce (we cannot …
https://www.osc.ny.gov/retirement/members/divorce/domestic-relations-orderXIV.4.B Establishment and Closing of Bank Accounts – XIV. Special Procedures
… Agency Request It is the agency’s responsibility to request to establish a bank account. Each agency must obtain … Unit (BSAO CMU) to establish a new bank account through a request in writing. Upon receipt of the agency's formal … It is the agencys responsibility to request to establish a bank account …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4b-establishment-and-closing-bank-accountsVacating Orders – Divorce and Your Benefits
… note that the court may have additional requirements for the contents of a Vacating Order. Rev. 2/23 …
https://www.osc.ny.gov/retirement/members/divorce/vacating-ordersStudent Achievement Program
… that improve their school or community. By the beginning of April, school officials should have received a letter from … DiNapolis Student Achievement Program promote the ideals of public service among the leaders of tomorrow …
https://www.osc.ny.gov/student-achievementDisability Benefits
… or mental condition. A disability retirement benefit is a pension that will provide monthly payments for the rest …
https://www.osc.ny.gov/retirement/members/disability-benefitsXII.5.K Federally Reportable Payments – XII. Expenditures
… of Payments , depending on the nature of the settlement, judgment or award, some payments to the claimant are not … an attorney receives a payment as part of a settlement, judgment or award, a Form 1099-MISC is required to be issued … REQUIREMENTS FOR REPORTABLE PAYMENTS Certain settlement, judgment or award payments in an aggregate amount of $600 or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5k-federally-reportable-paymentsDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… independent voice affirm our efforts,” DiNapoli said. “Our staff has helped build one of the nation’s strongest pension funds, but only with … brightest investment talent that it can in order to remain one of the best-funded public pension plans in the country,” …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingOpinion 91-25
… to salary increments or steps based on longevity and to holiday pay); (employment restrictions) GENERAL MUNICIPAL … to longevity salary increments or steps, but not to holiday pay. A firefighter receiving payments pursuant to … Municipal Law, §207-a(2) is entitled under the statute to holiday pay and to salary increments or steps based on …
https://www.osc.ny.gov/legal-opinions/opinion-91-25DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… rate of return on the Fund’s investments from 6.8% to 5.9%. “The Fund’s strength gives us the ability to weather … have changed. In 2010, he decreased the rate from 8% to 7.5%, in 2015 to 7% and in 2019 to 6.8%. The median assumed rate of return …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemPension Payment Options
… about your pension and whether to continue payments to a beneficiary upon your death. When you apply for retirement , … will stop—there will be no continuing payments to a beneficiary, even if you die soon after retiring. Or you can … pension payment to provide for a possible payment to a beneficiary upon your death. If you are divorced , you may be …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… Retirement System (ERS) will decrease from 15.5 percent of payroll to 15.3 percent of payroll. The average contribution rate for the Police and … (PFRS) will increase to 24.4 percent from 24.3 percent of payroll. "After three years of rate reductions, pension …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Hiring Public Retirees – When Employees Retire
… earn in post-retirement employment without affecting their pension. Earnings Limits For all public retirees, earnings … Section 212 limit, he or she must pay back to NYSLRS an amount equal to the pension payments received after the limit was reached. If the …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesNew York State Comptroller DiNapoli and California Controller Yee Urge S.E.C. to Mandate Climate Change Disclosures
… economies, and representatives of the nation’s largest public pension funds, we believe it is essential to address … state's 180,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-and-california-controller-yee-urge-sec-mandate-climate-changeNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… the company's efforts to determine whether its incentive pay practices have exposed it to financial loss. DiNapoli's … at the bank's annual meeting on April 24. "Incentive pay practices have been identified as contributing to the … the companys efforts to determine whether its incentive pay practices have exposed it to financial loss …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-program