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DiNapoli Releases Analysis of State Financial Plan, Warns of Federal Risks
… New York state is facing signs of increasing fiscal challenges, including lower revenue … DiNapoli. "The state's fiscal outlook is clouded because of uncertainty in Washington, falling revenues, and fiscal … increase of 3.1 percent over the coming five years. For copy of the report , go to …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-releases-analysis-state-financial-plan-warns-federal-risksDiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today … a robust governance framework to promote high levels of accountability. DiNapoli also announced the Fund has … to be profitable, sustainable investments for New York’s pension fund,” DiNapoli said. “The stewardship priorities and …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesClaims Auditing – Improving the Effectiveness of Your Claims Auditing Process
… Auditing claims demands more than a “rubber stamp” of the claim packages. Instead, it should entail a thorough … Local governments and school districts may elect to award purchase contracts in excess of the monetary threshold … who approved the purchase should be able to provide a copy of the contract that was used. Are there any sales tax …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/claims-auditingWestford Fire District – Internal Controls Over Financial Operations (2013M-270)
… Purpose of Audit The purpose of our audit was to determine whether District controls are … document such reconciliations and provide the Board with a copy with the monthly report. Perform routine oversight of …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/22/westford-fire-district-internal-controls-over-financial-operations-2013mHorseheads Central School District – Audit Follow-Up Letter (2016M-138-F)
The purpose of our review was to assess the District’s progress, as of June 2021, in implementing our recommendations in the audit report released in August 2016.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/horseheads-follow-up-2016-138-f.pdfState Agencies Bulletin No. 1858.1
… supersedes Payroll Bulletin No. 1858 . Purpose The purpose of this bulletin is to provide agencies information regarding the outreach and escheatment of uncashed payroll checks for calendar year 2019. Affected … with Abandoned Property Law §1422, an initial outreach letter was sent to all employees with a 2019 uncashed payroll …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18581-outreach-escheatment-2019-uncashed-payroll-checksState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in New York City highlights the need for the New York State Liquor Authority (SLA) and the … nightlife establishments in New York City highlights the need for the New York State Liquor Authority SLA and the New …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycDiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
… and achieved an approximated 21 percent internal rate of return for the New York State Common Retirement Fund … in New York State-based companies. “The success of the 5LINX investment is another example of how the … and has supported nearly 4,000 jobs. The state public pension fund is investing in New York’s future.” Trillium …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundIRS Pension Limitation – Sheriffs, Undersheriffs and Deputy Sheriffs Special Plan for ERS Tier 3, 4, 5 and 6 Members
… Tier 36 members under Article 14B Sections 551 552 553 IRS Pension Limitation …
https://www.osc.ny.gov/retirement/publications/1841/irs-pension-limitationIRS Pension Limitation – State Correction Officers and Security Hospital Treatment Assistants Plan
… info for ERS Tier 3 5 and 6 members under Article 14CO IRS Pension Limitation …
https://www.osc.ny.gov/retirement/publications/1526/irs-pension-limitationIRS Pension Limitation – Coordinated Plan For ERS Tier 5 Members
… information for ERS Tier 5 members under Article 15 IRS Pension Limitation …
https://www.osc.ny.gov/retirement/publications/1523/irs-pension-limitationIRS Pension Limitation – Coordinated Plan For ERS Tier 3 and 4 Members
… for ERS Tier 3 and 4 members under Articles 14 and 15 IRS Pension Limitation …
https://www.osc.ny.gov/retirement/publications/1522/irs-pension-limitationSchool District Physical Education Compliance (2018-MS-3)
… [read complete report - pdf] We also issued 10 letter reports in the School Districts of: Baldwinsville Central , Binghamton City , Brockport … , Corning City , East Ramapo Central , Kenmore-Town of Tonawanda Union Free , Plattsburgh City , South Colonie …
https://www.osc.ny.gov/local-government/audits/school-district/2018/09/12/school-district-physical-education-compliance-2018-ms-3Eligibility, the Benefit and Filing – Career Plan
… Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 1973. You are eligible to … Tier 5 and 6 Members: You must have at least five years of service credit. You are eligible to retire with full … annuity savings contributions. Maximum Benefit The maximum pension payable to Tier 2, 3, 5 and 6 members is the benefit …
https://www.osc.ny.gov/retirement/publications/1642/eligibility-benefit-and-filingRaquette Lake Fire District No. 3 –Internal Controls (2013M-379)
… Purpose of Audit The purpose of our audit was to assess internal controls over the … No. 3 is in Hamilton County and is governed by a Board of Fire Commissioners that comprises five elected members. … bank reconciliations and include these along with a copy of the bank statements in her monthly report to the …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/03/12/raquette-lake-fire-district-no-3-internal-controls-2013m-379Statistical and Information
… for New York State local governments. The data consists of statistical tables on revenues, expenditures and debt for … information concerning overall real property tax rates of the State's municipalities. How to Apply for Exclusion of … Debt (1995) - The 19 page booklet (only available in hard copy) describes the procedures for counties, cities, towns …
https://www.osc.ny.gov/local-government/publications/statistical-and-informationOverview – Membership and Enrollment
… New York State and Local Retirement System (NYSLRS) is one of the largest retirement systems in the United States with … and beneficiaries. NYSLRS has long been recognized as one of the best-managed and best-funded public retirement systems … importantly, vested members receive a lifetime defined pension benefit . New members will lock in the benefits of …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/overviewTravel Advisory No. 12
… for mileage using the SFS Mileage Detail page in lieu of form AC 160-S. Guidance : The Office of the State Comptroller updated Sections XIII.3 – Record … reimbursement for mileage. The agency must maintain a copy of the completed form. References : GFO Section - XIII.3 …
https://www.osc.ny.gov/state-agencies/advisories/travel-advisory/12-gfo-update-xiii3-xiii4-ac-160-ssfs-mileage-detail-pageOpinion 2009-2
… This opinion represents the views of the Office of the State Comptroller at the time it was … WATER SUPPLY AND DISTRIBUTION -- Town Improvements (need for State Comptroller's permission) TOWN LAW § 209-q … threshold in Town Law § 209-q (13) (a), which triggers the need to obtain the State Comptroller's approval for a town …
https://www.osc.ny.gov/legal-opinions/opinion-2009-2Tier 1 Death Benefits – Career Plan
… Benefit This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit, up to 36 years. Alternative Death Benefit … This benefit would be equal to the initial value of your pension under the provisions of the Non-Contributory …
https://www.osc.ny.gov/retirement/publications/1642/tier-1-death-benefits