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State Agencies Bulletin No. 1728

… Purpose To request agency action and explain the use of the New York Retiree Indicator Affected Employees New York State employees who are or have been a new hire, … public retirement system Background At the request of the New York State & Local Retirement System (NYSLRS) in …

Public Safety Overtime

… on or after July 1, 2019 by: Active members of the Police and Fire Retirement System who are engaged in police or fire service; and Active members of the Employees’ … directly in criminal law enforcement activities that make up fifty percent of his or her job duties as certified by the …

VI.3 Budget Transfers – VI. Budgets

MTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget

… 40 minutes. New tunnels will connect the LIRR main line in Queens to the lower level of the existing 63rd Street Tunnel … $1.9 billion, an increase of 170 percent. The cost of the Queens segment, which mostly involves tunneling, has doubled, …

XVI.3.B Fund Accounting – XVI. Financial Reporting

… Policy References: GASB Codification Section 1300 –  Fund Accounting Process and Document Preparation: New York State has three broad fund categories that are further divided into fund types. A fund type is the grouping of all funds of … New York State has three broad fund categories that are further divided into fund types …

Avoiding a Rejected DRO – Divorce and Your Benefits

… establish a separate account for an ex-spouse. Ex-spouse Beneficiary Designation  — There is no provision in the RSSL … the rights and privileges of membership to a third party. Spousal Consent  — Unlike private pension plans, governmental plans …

DiNapoli: NYC Fiscal Year 2024 Budget Balanced, but Out Year Gaps Continue to Grow

… budget gaps for Fiscal Years (FY) 2025 through 2027 to an average of $12.6 billion annually, fueled by spending choices made during the pandemic, underbudgeting for recurring spending, and … seekers and an expanded rental assistance program, could average nearly $7.3 billion per fiscal year beginning in FY …

Comptroller DiNapoli Releases State Audits

… Metropolitan Transportation Authority (MTA): Bus Driver Licensing (Follow-Up) (2015-F-13) An initial … issued in June 2013, determined that the majority of MTA bus drivers sampled met the requirements of Article 19-A of … issued in June 2013 determined that the majority of MTA bus drivers sampled met the requirements of Article 19A of …

Submitting Payments for NYSLRS Members – Enhanced Reporting

… must send NYSLRS member payments by direct debit. We will withdraw the funds electronically through the automated … Electronic Debit Authorization form with your name, bank, account number and the name of the person to be … upcoming debit from your account by email. NYSLRS can only withdraw funds from the account you designate on your …

Selected Aspects of Bus Fleet Maintenance Report (Follow-Up)

… Purpose Determine the extent of implementation of the seven recommendations included in our initial audit report, Selected Aspects of Bus Fleet Maintenance (Report 2009-S-51). Background Our … Determine the extent of implementation of the seven recommendations included in …

Selected Aspects of the Paratransit Call Center Operations

… whether the contractor operating the MTA-New York City Transit’s Paratransit Call Center was in compliance with … transportation services in and around the New York City metropolitan area. One of the MTA’s six constituent agencies, New York City Transit (Transit), provides paratransit service within …

DiNapoli Statement on the MTA's July Financial Plan

… New York State Comptroller Thomas P. DiNapoli issued the following statement regarding the Metropolitan Transportation Authority’s July Financial Plan . “The MTA’s revised ridership projections underscore that it … New York State Comptroller Thomas P DiNapoli issued the following statement regarding the Metropolitan …

Bus Driver Licensing (Follow-Up)

… (2012-S-30). Background Our initial report, issued on June 13, 2013, determined that the majority of MTA bus … met the requirements of Article 19-A of the New York State Vehicle and Traffic Law. However, we found seven of the … to drive buses transporting an estimated 8,400 passengers on a total of 38 days. In addition, the Safety and Training …

Response Planning for Unexpected Events

… Metro-North reassesses and revises its plans or procedures in response to actual unexpected events. This audit covered … its three main lines out of Grand Central Terminal in New York City and its departments include Operations and … event. The rail traffic controller records an entry in a log of all the events of the day in chronological order. Each …

About NYSLRS

… The New York State and Local Retirement System (NYSLRS) is one of the largest retirement systems in the world, administering benefits for … NYSLRS administers two distinct systems: The Employees’ Retirement System (ERS), which provides benefits to employees … NYSLRS the New York State and Local Retirement System combines the Employees Retirement System …

New York State Comptroller Thomas P. DiNapoli Statement on MTA's Budget

… Thomas P. DiNapoli released the following statement today in response to the Metropolitan Transportation Authority’s … and expectations of additional federal aid. “Improvements in fare, toll and tax collections have put MTA’s short-term … MTA can avoid recovery-damaging service cuts or layoffs in 2022. “Combined with a potential $6.5 billion — if not …

Charter School for Applied Technologies – Payment to Affiliated Entities (2013M-300)

… the School’s relationship with its affiliated entities and any related payments for the period July 1, 2010 through … SED as to the propriety of its relationship with the LLC and the Corporation. Only spend School resources for activities that clearly and directly benefit its students. Ensure that contractual …

Utilization of the Arch Street Yard and Shop Facility

… the expected 2022 opening of ESA; and whether the Facility is maintained and secured and at what cost. Our audit covered the period from May 3, 2002 to … Perform a written cost-benefit analysis to determine what the best use is for the Facility and the equipment until …

What Not to Report – Legacy Reporting

… Law. The following payments should not be reported to us on the monthly report (nor should contributions be taken from … made for unused sick leave Termination payments New York State Disability Insurance payments Payment for unused … Section 125 of the Internal Revenue Code. The New York State laws regarding Cafeteria Plan Salary Reductions are as …

Member E-News Archive — 2023

… Fair COLA Information is Available for Eligible Retirees Divorce Affects Other NYSLRS Benefits, Too Use Retirement … A Good Plan Can Ease Your Transition to Retirement Divorce and Your Pension Some Pension Payment Options Can …