Search
Overview – Non-Contributory Plan with Guaranteed Benefits
… of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the … average of your highest 60 consecutive months of earnings. This is usually your years of employment immediately before … but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular …
https://www.osc.ny.gov/retirement/publications/1513/overviewOne-Year FAS – Basic Plan with Increased-Take-Home-Pay (ITHP)
… your retirement will be calculated based on a one-year FAS unless the three-year calculation provides a higher FAS. (Note: This benefit is generally not available to Tier 6 members.) The one-year FAS includes only the regular compensation earned during the …
https://www.osc.ny.gov/retirement/publications/1511/one-year-fasOverview – Basic Plan with Increased-Take-Home-Pay (ITHP)
… of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the … average of your highest 60 consecutive months of earnings. This is usually your years of employment immediately before … but is not limited to, the following types of payments. In some cases, certain restrictions may apply. Regular …
https://www.osc.ny.gov/retirement/publications/1511/overviewSee if any of NY's $12.5 Billion in Unclaimed Funds is Yours at Upcoming Statewide Events
… out if they are owed some of the state’s $12.5 billion in unclaimed funds at events across the state in February, State … DiNapoli announced today. “New York has $12.5 billion in unclaimed fund accounts. We want to return this money to its rightful owners,” DiNapoli said. “The money …
https://www.osc.ny.gov/press/releases/2014/02/see-if-any-nys-125-billion-unclaimed-funds-yours-upcoming-statewide-eventsCounty of Cortland – Departmental Operations (2013M-157)
… Background Cortland County is located in central New York State and has a population of approximately 49,000. The … could save from $44,000 to $177,000 a year depending on the number of additional officers hired in the jail and …
https://www.osc.ny.gov/local-government/audits/county/2013/08/13/county-cortland-departmental-operations-2013m-157Town of Avoca – Financial Management and Town Clerk Operations (2017M-131)
… book to chronologically record all individual receipts on a daily basis and deposit all cash receipts intact or in a …
https://www.osc.ny.gov/local-government/audits/town/2017/12/08/town-avoca-financial-management-and-town-clerk-operations-2017m-131Olean City School District – Financial Management (2016M-210)
… year totaled approximately $38.9 million. Key Findings Appropriated fund balance was not needed in the annual … each year by an average of $2.3 million. With unused appropriated fund balance added back, unrestricted fund … policy or plan for establishing, funding and using reserve funds. … Olean City School District Financial Management …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/olean-city-school-district-financial-management-2016m-210One-Year FAS – Career Plan
… your retirement will be calculated based on a one-year FAS unless the three-year calculation provides a higher FAS. (Note: This benefit is generally not available to Tier 6 members.) The one-year FAS includes only the regular compensation earned during the …
https://www.osc.ny.gov/retirement/publications/1642/one-year-fasOverview – State Police Plan
… in your career. Your FAE can include, but is not limited to, the payments listed below. Payments must be earned in the …
https://www.osc.ny.gov/retirement/publications/1518/final-average-earnings/overviewOverview – Career Plan
… years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages you earned during any 36 … immediately before retirement. The calculation of your FAS can include, but is not limited to, the following types …
https://www.osc.ny.gov/retirement/publications/1642/overviewOne-Year FAS – New Career Plan
… your retirement will be calculated based on a one-year FAS unless the three-year calculation provides a higher FAS. (Note: This benefit is generally not available to Tier 6 members.) The one-year FAS includes only the regular compensation earned during the …
https://www.osc.ny.gov/retirement/publications/1515/one-year-fasOverview – New Career Plan
… years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages you earned during any 36 … immediately before retirement. The calculation of your FAS can include, but is not limited to, the following types …
https://www.osc.ny.gov/retirement/publications/1515/overviewApplying for Previous or Military Service Credit – Article 14 Benefits
… To receive credit for previous or military service, send a … request (which must be received before your effective date of retirement) to our Member & Employer Services Bureau. Include …
https://www.osc.ny.gov/retirement/publications/1644/applying-previous-or-military-service-creditRenaissance Academy Charter School of the Arts – Financial Operations (2016M-198)
… Board oversight of the School’s financial operations for the period July 1, 2014 through March 17, 2016. … a seven-member Board of Trustees. Operating expenditures for the 2014-15 fiscal year totaled approximately $2.5 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/12/renaissance-academy-charter-school-arts-financial-operations-2016m-198Village of Akron – Selected Financial Activities (2016M-133)
… operations and the Clerk-Treasurer’s records and reports for the period June 1, 2014 through December 22, 2015. … elected five-member Board of Trustees. The annual budget for the 2015-16 fiscal year was approximately $6 million. Key …
https://www.osc.ny.gov/local-government/audits/village/2016/08/26/village-akron-selected-financial-activities-2016m-133Cobleskill-Richmondville Central School District – Fund Balance Management (2022M-47)
… As a result, the District levied more taxes than needed to fund operations. The Board overestimated appropriations … limit in each of the last three fiscal years by 4.8 to 10.1 percentage points. Three of the District’s reserves … budgets and appropriate fund balance only when needed to fund operations. Reduce surplus fund balance to comply …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/12/cobleskill-richmondville-central-school-district-fund-balance-managementFinger Lakes Horizon Economic Development Corporation – Revolving Loan Fund Program (2022M-36)
… the Board cannot ensure the loan proceeds were used to further the Corporation’s mission. Revolving loan fund … guidance was not developed for loan project eligibility, how loan applications should be reviewed or approved, … loan funds were used for approved purposes and goals, or how collections should be enforced. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2022/07/08/finger-lakes-horizon-economic-development-corporationGoshen Central School District – Mental Health Training Component of the New York SAVE Act (S9-21-29)
… report - pdf] Audit Objective Determine whether the Goshen Central School District (District) used District … on the District’s response. … Determine whether the Goshen Central School District District used District …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/08/goshen-central-school-district-mental-health-training-component-new-yorkVillage of Fleischmanns – Water Fund (2013M-151)
… 2013. Background The Village of Fleischmanns is located in the Town of Middletown in Delaware County. The Village is governed by a five-member … expenditures and revenues, which initially resulted in an excessive fund balance, but has since caused fund …
https://www.osc.ny.gov/local-government/audits/village/2013/09/06/village-fleischmanns-water-fund-2013m-151Village of Mount Morris – Treasurer’s Office (2013M-65)
… 2013. Background The Village of Mount Morris is located in the Town of Mount Morris in Livingston County, and has a population of approximately …
https://www.osc.ny.gov/local-government/audits/village/2013/05/31/village-mount-morris-treasurers-office-2013m-65