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Contributing Toward Your Retirement – New Career Plan
… your retirement benefits, but may elect to make voluntary annuity savings contributions to the Retirement System. These … plus the interest they earn, will provide you with an annuity when you retire. Tier 5 Members If you are a Tier 5 … occurs first. These mandatory contributions are not annuity savings contributions and will not provide you with …
https://www.osc.ny.gov/retirement/publications/1515/contributing-toward-your-retirementContributing Toward Your Retirement – Non-Contributory Plan with Guaranteed Benefits
… your retirement benefits, but may elect to make voluntary annuity savings contributions to the Retirement System. These … plus the interest they earn, will provide you with an annuity when you retire. Tier 5 Members If you are a Tier 5 … occurs first. These mandatory contributions are not annuity savings contributions and will not provide you with …
https://www.osc.ny.gov/retirement/publications/1513/contributing-toward-your-retirementContributing Toward Your Retirement – En-Con Police Officers Plan
… Tier 1, 2 and 3 Members If you are a Tier 1 or 2 member, or a Tier 3 … requiring the employer to offer a non-contributory plan that was in effect on January 9, 2010, and is still in … requiring the employer to offer a non-contributory plan that was in effect on January 9, 2010, and is still in …
https://www.osc.ny.gov/retirement/publications/1822/contributing-toward-your-retirementLackawanna City School District – Financial Condition (2014M-119)
… in the City of Lackawanna, Erie County and is governed by the Board of Education which comprises seven elected … with approximately 1,700 students. The District’s general fund budgeted appropriations for the 2013-14 fiscal year are … surplus funds, a slight timing difference in cash inflows and outflows could result in cash constraints forcing …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/lackawanna-city-school-district-financial-condition-2014m-119Utica City School District – Financial Condition (2013M-341)
… our audit was to assess the District’s financial condition for the period July 1, 2011 through March 31, 2013. Background The Utica City School District is a small city school district whose boundaries are the same … Key Findings In recent years the District has struggled with fiscal challenges due to a deteriorating financial …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/28/utica-city-school-district-financial-condition-2013m-341Town of Southampton - Board of Trustees of the Freeholders and Commonalty – Trustee Oversight (2013M-39)
… 25,000 acres of underwater land, rights of ways to the water, marshland and common areas located in the Town of … function is to protect, preserve and regulate the land and water ways that are under the Trustees’ control. The … timely. Key Recommendations Adopt an investment policy setting forth the parameters under which money can be …
https://www.osc.ny.gov/local-government/audits/town/2013/05/17/town-southampton-board-trustees-freeholders-and-commonalty-trustee-oversight-2013mHicksville Water District – Competitive Quotations (2013M-233)
… District officials did not obtain quotes for goods and services purchased from three of 13 vendors, totaling … County contracts, they were not documented on the claims packages submitted for payment. We therefore question whether … procurement policy’s requirements when procuring goods and services to ensure that taxpayer dollars are expended in the …
https://www.osc.ny.gov/local-government/audits/district/2013/10/25/hicksville-water-district-competitive-quotations-2013m-233VII.10.C Reducing a Cash Advance – VII. State Revenues and Appropriated Loan Receivables
… Reducing a cash advance can be voluntary on the part of the agency or could be required by OSC. Any State agency … to discontinue operations must return the full amount of the advance. Reduce a Cash Advance Prepare a check in the amount of the reduction payable to the Commissioner of Taxation and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10c-reducing-cash-advanceAmsterdam Housing Authority – Claims Processing and Related Not-for-Profit Corporations (2013M-126)
… Housing and Urban Development. The Authority’s 2012 fiscal year operating expenditures totaled approximately $3.6 …
https://www.osc.ny.gov/local-government/audits/city/2013/08/23/amsterdam-housing-authority-claims-processing-and-related-not-profit-corporationsNewark School District Public Library – Board Oversight (2014M-54)
… enforce all provisions of its investment policy, divest from all improper investments and place all Library moneys in …
https://www.osc.ny.gov/local-government/audits/library/2014/06/20/newark-school-district-public-library-board-oversight-2014m-54Comsewogue Public Library – Cash Disbursements and Procurement (2013M-316)
… not require prior Board approval. The Treasurer does not sign all checks to pay claims. Rather, the Board authorized … by the Board if it intends to permit such disbursements. Sign all checks that are disbursed by the Library. Revise the …
https://www.osc.ny.gov/local-government/audits/library/2014/01/31/comsewogue-public-library-cash-disbursements-and-procurement-2013m-316Town of Forestport – Financial Management (2013M-184)
… operating expenditures totaled $867,387 for the general fund, $1,035,144 for the highway fund, $79,388 for the water fund and $44,158 for the sewer fund. Key Findings The Board …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-forestport-financial-management-2013m-184Village of Mastic Beach – Treasurer’s Office and Credit Cards (2014M-150)
… supporting two of the six payments to an office supply store. The Deputy Treasurer could not explain these … Follow-up on overpayments made to the office supply store and seek reimbursement if applicable. …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-mastic-beach-treasurers-office-and-credit-cards-2014m-150Roosevelt Fire District – Length of Service Award Program (2025M-40)
… Board did not ensure that the LOSAP was annually audited in accordance with New York State General Municipal Law (GML) Section 181-b, or in the alternative, ensure LOSAP disclosure notes were included in the District’s annual audit. During the audit period, the …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/07/18/roosevelt-fire-district-length-service-award-program-2025m-40Opinion 88-51
… (procedure for abolition of); (use of moneys for dredging lake) GENERAL MUNICIPAL LAW, §§6-c(1)(b), 6-d: Moneys in a … repair reserve fund may be expended for the dredging of a lake if the work is intended to restore the lake to its original condition and need not be undertaken …
https://www.osc.ny.gov/legal-opinions/opinion-88-51State Agencies Bulletin No. 1921
… Purpose The purpose of this bulletin is to inform agencies of OSC’s … to the Social Security Administration (SSA). As PayServ does not include this information, OSC will be mailing a … with a new Report of Check Exchange. Questions Questions about this bulletin may be directed to the Payroll Earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1921-changes-calculation-and-retroactive-adjustment-pre-shift-briefingOpinion 93-1
… county clerk, treasurer or commissioner of public works is entitled to the salary fixed for the office of the … opinion, we concluded that an assistant county attorney, who becomes acting county attorney due to a vacancy in the … 502, relative to the deputy possessing the powers and performing the duties of the principal in the case of a …
https://www.osc.ny.gov/legal-opinions/opinion-93-1Opinion 95-20
… it would be preferable if such a subjective judgment did not have to be made in each case, it appears that the case …
https://www.osc.ny.gov/legal-opinions/opinion-95-20DiNapoli: The Mayor's Proposed Budget Takes Large Steps In Addressing Outstanding Labor Contracts
… agreement between New York City and the United Federation of Teachers (UFT) removes the largest uncertainty that had … “The agreement between the Mayor and the United Federation of Teachers lifts a cloud that has hung over the city’s … years.” The city's financial plan forecasts a surplus of $1.6 billion in FY 2014, which will be used to help …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-mayors-proposed-budget-takes-large-steps-addressing-outstanding-labor-contractsWhat is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … Common Retirement Fund . Over the past 20 years, the Fund’s investment returns have covered 75 percent of the cost of … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-plan