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Available Options – Basic Plan with Increased-Take-Home-Pay (ITHP)
… benefit. It provides for the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), …
https://www.osc.ny.gov/retirement/publications/1511/available-optionsAvailable Options – Career Plan
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after retiring), …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – New Career Plan
… Life Allowance (Option 0) This is the basic retirement benefit. It provides the maximum benefit payment to you each … life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, … with a reduced monthly benefit for your lifetime. At your death, the unpaid balance of your accumulated annuity savings …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsImproper Payments for Recipients No Longer Enrolled in Managed Long Term Care Partial Capitation Plans (Follow-Up)
… the implementation status of the four recommendations made in our initial audit report, Improper Payments for Recipients No Longer Enrolled in Managed Long Term Care Partial Capitation Plans (Report 2015-S-9 ). Background Enrollment in a Managed Long Term Care (MLTC) plan is mandatory for …
https://www.osc.ny.gov/state-agencies/audits/2017/10/06/improper-payments-recipients-no-longer-enrolled-managed-long-term-care-partial-capitationOpinion 2001-3
… revenues for general municipal purposes) GENERAL MUNICIPAL LAW §§94, 453; STATE CONSTITUTION, article IX, §1(f): A … utility service, or from using such "profits" for the payment of refunds to consumers or for "any other lawful … service may be used for refunds to consumers, or "for the payment or expenses and obligations incurred by [the] …
https://www.osc.ny.gov/legal-opinions/opinion-2001-3Distressed Provider Assistance Account
… New York Agency Trust Fund, Distressed Provider Assistance Account, annually, for two years. These funds were to be used … 56 of the Laws of 2020 requires OSC to do the following: By April 15, 2020, OSC must determine how much in sales tax …
https://www.osc.ny.gov/local-government/data/distressed-provider-assistance-accountSUNY Bulletin No. SU-299
… Employees Tier 6 New York State Education Department and SUNY employees who are members of the ORP are affected. … 4.5% $75,000.01 to $100,000.00 5.75% $100,000.01 and Greater 6% The Benefit Plans and the narrative … are as follows: Open the Retirement Plans page. (Home>Benefits>Enroll In Benefits>Retirement Plans) Enter …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-299-two-year-look-back-tier-6-suny-optional-retirement-planState Police Bulletin No. SP-212
… automatic processing of the 2020 State Police Expertise Pay. Affected Employees Employees of the Division of State … payment. Effective Dates The 2020 State Police Expertise Pay will be processed in Administration Pay Period 17L/18C, … in the calculation of overtime compensation (refer to the Online Payroll Manual accessed from the PayServ Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-212-2020-state-police-expertise-payState Agencies Bulletin No. 961
… law pension reform legislation (Assembly Bill No. A40026 and Senate Bill No. S66026) that creates a new Tier 5 that, … an annual ceiling is not considered pensionable earnings and is not included in the base to calculate employee … The overtime ceiling is $15,000 in calendar year 2010 and will increase by 3% each year thereafter. Overtime …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/961-new-tier-5-benefit-structure-new-york-state-teachers-retirement-systemOpinion 93-20
… town board ...". Section 37(1) further provides that all school district moneys collected by the receiver must be deposited in designated bank(s) to the credit of the school district. After payment to the supervisor of the full … the receipt thereof. In lieu of the immediate deposit of school district moneys to the credit of the school district, …
https://www.osc.ny.gov/legal-opinions/opinion-93-20West Valley Central School District - Financial Management (2018M-7)
… fund balance that was not used to finance operations and adopting budgets that overestimated appropriations by … levels which has resulted in reserves being overfunded and not being used. Key Recommendations Adopt budgets that … estimates. Reduce reserve funds to reasonable levels and use the money in the debt reserve to pay the related …
https://www.osc.ny.gov/local-government/audits/school-district/2018/07/06/west-valley-central-school-district-financial-management-2018m-7Lima Public Library – Procurement (2017M-295)
… was to determine whether Library officials procured goods and services economically for the period January 1, 2016 … Board of Trustees appointed by the Town’s governing body and serves approximately 4,300 residents. Budgeted … a procurement policy to provide guidance for officials and employees for the procurement of goods and services not …
https://www.osc.ny.gov/local-government/audits/library/2018/03/30/lima-public-library-procurement-2017m-295Village of Trumansburg - Ambulance Fund Accountability (2018M-168)
… cash balance of $16,100. The Village’s general fund and the Town of Hector were overpaid $12,231. The ambulance fund owes the Town of Covert and Town of Ulysses $28,331. Village officials did not … funds, collect any amounts owed by municipalities and disburse any amounts due to municipalities. Village …
https://www.osc.ny.gov/local-government/audits/village/2018/11/30/village-trumansburg-ambulance-fund-accountability-2018m-168Foreign Fire Insurance Report Filing
… to as "two percent tax money") must file an annual report of the receipts of expenditures and balances relating to such monies with our … Report Form [pdf] For assistance with the completion of the annual report form, please call our office at …
https://www.osc.ny.gov/local-government/required-reporting/foreign-fire-insurance-report-filingConstitutional Debt Limit
… debt exclusion For city school districts (other than the Big 5 districts) The debt limit is a percentage of the …
https://www.osc.ny.gov/local-government/resources/constitutional-debt-limitIV.3.C Federal Receipts – IV. Accounting Codes - Uses and Descriptions
… 36101 Direct Federal Receipts 36121 Redeposit/Recovery of Federal Fund Payments Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3c-federal-receiptsSchodack Valley Fire District – Cash Disbursements (2016M-98)
… were adequately supported, properly authorized and for valid District purposes for the period January 1, … District is a district corporation of the State, distinct and separate from the Town of Schodack, Rensselaer County. … implemented adequate procedures over cash disbursements and disbursements were adequately supported, properly …
https://www.osc.ny.gov/local-government/audits/fire-district/2016/05/07/schodack-valley-fire-district-cash-disbursements-2016m-98Scio Central School District – Payroll (2017M-10)
… Andover, Bolivar, Friendship, Scio, Ward, Wellsville and Wirt in Allegany County. The District, which operates one … Key Findings The Board has not adopted written policies and District officials have not developed written procedures … over the payroll function. Key Recommendations Develop and adopt written payroll policies and procedures. … Scio …
https://www.osc.ny.gov/local-government/audits/school-district/2017/03/17/scio-central-school-district-payroll-2017m-10Accounts Payable Advisory No. 7
… XII, Section 5.C - Selecting the Appropriate Vendor and Address Sequence , Business Units must select the correct Vendor ID and Address Sequence when processing payments to vendors. … Improper preparation of vouchers payable to Barnes and Noble may delay payment crediting. Also, consistent with …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/7-complex-entity-barnes-nobleState Agencies Bulletin No. 1898
… Next of Kin Affidavit ( Form AC 934-P ), original Death Certificate and a Report of Check Exchange ( Form AC 1476-P …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1898-april-2021-public-employees-federation-pef-longevity-lump-sum-lls