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State Audit Finds Rochester Transportation Authority Incorrectly Administered Compensation Program
… released today by State Comptroller Thomas P. DiNapoli. “My auditors found that RGRTA gave out most of its incentive … oversight agencies provide guidance for public authorities on how performance incentive programs should be administered … RGRTA transitioned its program to one based exclusively on collective performance. Upper management’s incentives were …
https://www.osc.ny.gov/press/releases/2015/02/state-audit-finds-rochester-transportation-authority-incorrectly-administered-compensation-programOpinion 91-25
… Municipal Law, §207-a(1) requires a city (other than New York City), town, village or fire district to pay to a …
https://www.osc.ny.gov/legal-opinions/opinion-91-25DiNapoli: Audit Reveals Problems with Volunteer Firefighters’ Benefit Program
… Several fire districts are not accurately calculating credits for Length of Service Awards Programs (LOSAP) and as a result local … Several fire districts are not accurately calculating credits for Length of Service Awards Programs LOSAP and as a result …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-audit-reveals-problems-volunteer-firefighters-benefit-programDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… helped build one of the nation’s strongest pension funds, but only with competitive compensation and additional resources can we accomplish all that we need to do to manage the Fund … members and beneficiaries of the retirement system. We did not identify any instances where a decision appeared to be …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingIX.4 Establish & Maintain Federal Grants in SFS for Onboarding Agencies – IX. Federal Grants
… the Project Budget by posting an Interunit Budget Transfer Journal within the Project Costing module (not the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix4-establish-maintain-federal-grants-sfs-onboarding-agenciesDisability Benefits
… Important facts members need to know about disability retirement benefits from the …
https://www.osc.ny.gov/retirement/members/disability-benefitsState Agencies Bulletin No. 1169
… may include: SSN not in file (never issued to anyone) Name does not match; Date of Birth and gender code not checked … with the employee’s Social Security Number. OR "Name does not match"; "DOB and gender code not checked" or "Other … If the information reported in the State payroll system does not match the information on the Social Security card, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1169-verification-employee-social-security-numbers-and-namesNew York State Comptroller DiNapoli and California Controller Yee Urge S.E.C. to Mandate Climate Change Disclosures
… wildfire and hurricane seasons. Last year’s wildfire season in California was the worst on record and burned over … disclosures. Find out how your government money is spent a Open Book New York . Track municipal spending, the state's …
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 proposed executive compensation plan. The full text of DiNapoli's letter to fellow Wells Fargo … . The full text of DiNapoli's shareholder proposal can be read here …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… lowered the long-term assumed rate of return on the Fund’s investments from 6.8% to 5.9%. “The Fund’s strength … for long-term, steady returns helps ensure our state’s pension fund will continue to be one of the nation’s … marks the fourth time that DiNapoli has lowered the state pension fund’s assumed rate of return as economic and …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… The median assumed rate of return for public pension funds is 7.62, according to a February 2016 brief issued by …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Pension Payment Options
… to continue payments to a beneficiary upon your death. When you apply for retirement , you’ll choose from several … value refers to what your pension benefit was valued at when you first retired. Your beneficiary, even if it is your … When NYSLRS members retire they must choose from several …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsHiring Public Retirees – When Employees Retire
… employment without affecting their pension. Earnings Limits For all public retirees, earnings are limited if they … Except for certain elected officials (see Limits for Elected Officials ), earnings are no longer … 211 and 212 of the RSSL should be directed to NYSLRS. Limits for Elected Officials If a retiree is elected or …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesMonitoring of Select Programs (Follow-Up)
… of implementation of the five recommendations included in our initial audit report, Monitoring of Select Programs … for older individuals to maximize their ability to age in their community and avoid higher levels of care and/or … programs for older adults, including the Expanded In-Home Services for the Elderly Program (EISEP) and …
https://www.osc.ny.gov/state-agencies/audits/2023/07/12/monitoring-select-programs-followDiNapoli Releases Review of First Quarter State Revenue Collections
… $20 million from AXA Equitable and $715 million from Credit Suisse. Another $2.2 billion was received July 20, … website called Open Book New York ( www.openbooknewyork.com ). …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-releases-review-first-quarter-state-revenue-collectionsMonitoring of Select Programs
… can last as long as 1 year. In some cases, clients have had to resort to nursing home placement. According to …
https://www.osc.ny.gov/state-agencies/audits/2022/01/21/monitoring-select-programsOpinion 2001-2
… in crediting points under a service award program) VOLUNTEER FIREFIGHTERS -- Service Award Programs (point … points as a condition precedent to crediting an active volunteer firefighter with a year of firefighting service; … for point accumulation under a service award program for volunteer firefighters. You ask the following: 1) may a …
https://www.osc.ny.gov/legal-opinions/opinion-2001-2Opinion 90-12
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … -- Powers and Duties (payment out of money paid into court) CIVIL PRACTICE LAW AND RULES, §§2105, 2607: CPLR 2105, …
https://www.osc.ny.gov/legal-opinions/opinion-90-12DiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year 2019-20 … be in line with the previous year, with the Employees' Retirement System (ERS) getting a slight decrease and the … contribution rates stable and that provides predictability for employers as they plan their future budgets," DiNapoli …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020Contract Advisory No. 31
… Guidance : Pursuant to Chapter 839 of the Laws of 2022, OSC approval is required for purchases from OGS centralized contracts exceeding the … Pursuant to Chapter 839 of the Laws of 2022 OSC approval is required for purchases from OGS centralized …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/31-purchases-ogs-centralized-contracts