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Available Options – Non-Contributory Plan with Guaranteed Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsAvailable Options – Police and Fire Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1512/available-optionsState Agencies Bulletin No. 1735
… converted to an hourly rate, is less than the Division of the Budget (DOB) approved minimum wage Affected Employees … employees whose job location is within the five boroughs of New York City (NYC), $12.00 for State employees whose job location is within the counties of Nassau, Suffolk or Westchester, or $11.10 for State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1735-minimum-wage-differential-annual-employeesState Comptroller DiNapoli Releases Municipal & School Audits
… payments and did not ensure an independent review of separation payment calculations was performed. Therefore, … undetected and resulted in erroneous and missed payments. Of the 41 employees reviewed, 14 separation payments totaling … employees’ separation payments were overpaid by a total of $3,770 and three other employees’ separation payments were …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-releases-municipal-school-auditsPension Payment Option Election – Divorce and Your Benefits
… should the member die before them. Generally, this is one of the joint allowance options. The parties should be aware … though the ex-spouse may only be receiving a small share of the overall pension benefit. For a full description of each option, see the Pension Payment Option Descriptions …
https://www.osc.ny.gov/retirement/members/divorce/pension-payment-option-electionManual Reporting – Enhanced Reporting
… report: Job data for status changes , for example, a leave of absence, a return from leave, military leave or … method is useful when you need to submit a small number of transactions, such as correcting previously submitted … (adjustments), or if you are only reporting a small number of employees. Please check Enhanced Reporting Resources for …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/manual-reportingSUNY Bulletin No. SU-302
… Purpose The purpose of this bulletin is to provide agency instructions for … eligibility criteria are affected. Background Chapter 337 of the Laws of 2019, which implemented the 2019-2023 Agreement between …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-302-suny-recruitment-and-retention-payments-gsnu-employeesState Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… Partners, a new investment partner for the fund and one of 19 investment firms that manage In-State Private Equity … million to the state pension fund and supported thousands of jobs across the state,” said DiNapoli. “This $50 million … returns to the state pension fund consistent with the risk of private equity. The program invests in New York …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesDiNapoli: State’s Financial Plan Reflects a Bleak Economic Outlook
… aging New Yorkers are among those who may suffer the loss of services. Programs that help fund front-line responders, … also face significant cuts. “The Financial Plan warns of deep cuts and very troubling actions the state anticipates … taking to address the revenue loss and growing costs of fighting the coronavirus,” DiNapoli said. “New York is …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-states-financial-plan-reflects-bleak-economic-outlookComptroller DiNapoli Releases Municipal Audits
… a result, the unrestricted fund balance deficit increased to as much as $171,492 during the audit period. Auditors also … and expended funds from reserves without adequate public notice; for example, transfers to reserves totaling $593,941 … property or cooperative apartments at public auction or by private sale at the highest and best price available. …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsCost-Saving Ideas: Using State Contracts to Acquire Goods or Services
… prices and better quality goods and services. Benefits of Using State Contracts In addition to potentially saving … State contracts meet the competitive bidding requirements of New York State General Municipal Law. As a result, local … identify responsible vendors; Benefit from the competition of many bidders seeking large volume contracts; Avoid certain …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-using-state-contracts-acquire-goods-or-servicesMedicaid Program – Medicaid Overpayments for Medicare Part B Services Billed Directly to eMedNY
… from June 1, 2012 through May 31, 2017. Background Many of the State’s Medicaid recipients are also eligible for … supplementary medical insurance coverage for a range of outpatient medical services, physician services, and … Medicare enrollees are responsible for paying all costs of Part B services until their annual deductible is met. …
https://www.osc.ny.gov/state-agencies/audits/2018/12/11/medicaid-program-medicaid-overpayments-medicare-part-b-services-billed-directly-emednyState Comptroller DiNapoli Releases State Audits and Examinations
… audits and examinations have been issued: Department of Health (DOH): New York City School-Based Health Centers: … potentially hazardous medical supplies. For example, 10 of the 11 SBHCs sampled had shortages in various medication … categories with one school having an unexplained shortage of 2,712 hypodermic needles. In a follow-up, auditors found …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-state-audits-and-examinations-0Employee Incentive and Bonus Payments
… and the Productivity Incentive Program — and paid 16 of its physicians a total of $1,655,359 in these incentives. Also during this period, … program for all MC employees and paid 80 employees a total of $503,022 in bonuses. Key Findings ECMCC did not properly …
https://www.osc.ny.gov/state-agencies/audits/2017/01/13/employee-incentive-and-bonus-paymentsState Comptroller DiNapoli Releases State Audits
… Department of Health (DOH): Optimizing Medicaid Drug Rebates (2017-F-9) (Follow-Up) An initial audit determined … did not collect an estimated $95.1 million in available rebates during the audit period. In a follow-up, auditors …
https://www.osc.ny.gov/press/releases/2017/12/state-comptroller-dinapoli-releases-state-auditsDiNapoli: Renewable Energy Projects Taking Years To Become Operational in NYS
… New York State Comptroller Thomas P. DiNapoli. The audit of the Office of Renewable Energy Siting (ORES) found permit applications … ORES should be more transparent about the timeliness of the application process and where delays occur, as these …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-renewable-energy-projects-taking-years-become-operational-nysState Comptroller DiNapoli Releases School Audits
… to interviews with district personnel and inspection of certain documents related to the issues identified in the … has made minimal progress implementing corrective action. Of the eight audit recommendations, six recommendations were … to interviews with district personnel and inspection of certain documents related to the issues identified in the …
https://www.osc.ny.gov/press/releases/2023/03/state-comptroller-dinapoli-releases-school-audits-0DiNapoli: New York’s Employee Stock Ownership Plans Lead Nation in Assets
… have the opportunity to provide resources on the expansion of employee ownership programs and increase employers’ and employees’ understanding of how they can benefit all stakeholders.” Employee ownership … arrangements in which employees own a defined element of the company they work for. It does not necessarily mean …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-new-yorks-employee-stock-ownership-plans-lead-nation-assetsNYS Comptroller DiNapoli: Amazon Must Ensure Its Business Is Not Adding to Racial Inequality
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) has filed a … website. Full Text of Shareholder Proposal About the New York State Common Retirement Fund The New York State … New York State Comptroller DiNapoli announced that the New …
https://www.osc.ny.gov/press/releases/2020/12/nys-comptroller-dinapoli-amazon-must-ensure-its-business-not-adding-racial-inequalityPayments by Beacon Health Options for Mental Health and Substance Abuse Services for Ineligible Members
… Insurance Program (NYSHIP), administered by the Department of Civil Service (Civil Service), provides health insurance … Civil Service provides Beacon with a daily update file of NYBEAS changes, and Beacon has access to NYBEAS to confirm … information in NYBEAS is crucial to prevent payment of ineligible claims. For example, if a member’s …
https://www.osc.ny.gov/state-agencies/audits/2022/05/13/payments-beacon-health-options-mental-health-and-substance-abuse-services-ineligible