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Retirement Option Election Form with Partial Lump Sum Payment for Tier 2, 3, 5 and 6 Members (RS 6421-A)
To select a pension payment option when applying for retirement and choose to receive a partial lump sum payment, Tier 2, 3, 5 and 6 members who are designating one beneficiary use form RS6421-A.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6421-a.pdfDiNapoli Report Examines Post-COVID Trends in New York's Aging Prison Population
… which included a decrease of 1,603 individuals aged 50 or over (17%). The share of older incarcerated individuals … limits on parole revocations, and the legalization of cannabis. These changes may not have had as much of an impact … from 2018 to 2022, 84% (116) were for individuals aged 50 or older. Compassionate Release provides the board discretion …
https://www.osc.ny.gov/press/releases/2026/02/dinapoli-report-examines-post-covid-trends-new-yorks-aging-prison-populationDiNapoli: Buffalo's Financial Condition Improves
… The city of Buffalo’s finances have stabilized in recent years because of careful budget planning, the … both demographically and financially. However, in recent years the city has made considerable progress in … its rainy day reserves, which the city has relied upon in recent years. The city’s available fund balance peaked at …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… The analysis also concluded that: “While the Fund is currently well-managed, compared to most peers it remains … bottom quartile for similar public pension funds. There is justifiable concern that current staff will leave if compensation is not increased, and it is likely that [the Fund] will …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingControls and Accountability of Court, Trust and Bail Funds (Follow-up)
… Funds ( 2013-N-1 ). Background Our initial audit issued on April 16, 2014, determined that NYC Department of … discrepancies between the total account balances as shown on the Court Assets Tracking System and the balances held by … for the ATI fees, there was a shortage of $882,850 on deposit. Finance could not account for the shortage. …
https://www.osc.ny.gov/state-agencies/audits/2015/12/03/controls-and-accountability-court-trust-and-bail-funds-followDiNapoli Report Tracks MTA's Shifting Revenue Streams
… how the MTA pays for its day-to-day operations is crucial to improving its finances and the regional transit … source of operating revenue. Another large business tax is the franchise surcharge on certain corporations — … Economic data suggest the recovery of leisure consumption is stronger on weekends than weekdays, and transit ridership …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-report-tracks-mtas-shifting-revenue-streamsXIV.14.E Recording General Capital Assets – XIV. Special Procedures
… 10-12 years no depreciation 20-75 years A renovation is a project performed on an already existing component while an improvement is the addition of a new component where one did not … will be retired if the actual cost of the renovation is 75% or more of the current replacement cost of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv14e-recording-general-capital-assetsDiNapoli: Former Clerk Treasurer for the Village of Speculator Charged With Larceny
… York State Police and Hamilton County District Attorney Christopher C. Shambo for working with my office to hold her …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-former-clerk-treasurer-village-speculator-charged-larcenyDiNapoli: One of the Nation's Largest Energy Suppliers Agrees to Report on Climate Change Risk
… Comptroller Thomas P. DiNapoli today announced that Duke Energy, one of the largest electric power holding companies … an analysis of the Paris Agreement's goals . "Duke Energy is listening to its shareholders who need to know how … and the fight to combat it, pose significant risks for the energy sector's long-term value, but forward-thinking …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-one-nations-largest-energy-suppliers-agrees-report-climate-change-riskTown of Shandaken – Employee Compensation and Benefits (2017M-289)
… Purpose of Audit The purpose of our audit was to determine whether Town … 31, 2017. Background The Town of Shandaken is located in Ulster County. The Town is governed by an elected … were overcharged by $724. A former employee who retired in 2017 received, used and was paid for leave time to which …
https://www.osc.ny.gov/local-government/audits/town/2018/04/13/town-shandaken-employee-compensation-and-benefits-2017m-289DiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… project approvals or results, according to audits issued today by New York State Comptroller Thomas P. DiNapoli. “When … project approvals or results according to audits issued today by New York State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversightTown of Berkshire – Justice Court Operations (2016M-425)
… governed by a five-member elected Town Board, maintains a Justice Court, which has one appointed Justice. Two Justices served during our audit period: one Justice served from the beginning of our scope period through … Town of Berkshire Justice Court Operations 2016M425 …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/20/town-berkshire-justice-court-operations-2016m-425Mitchell-Lama Vacancies (Follow-Up)
… cooperative developments with approximately 47,000 total apartments. Apartments in Mitchell-Lama developments tend to be desirable … consequently, the waiting lists for many of these apartments can be quite lengthy. To ensure efficient turnover …
https://www.osc.ny.gov/state-agencies/audits/2023/05/12/mitchell-lama-vacancies-followDiNapoli Announces Latest Fiscal Stress Scores
… with fiscal years ending on Dec. 31, 2017. In New York, all counties and towns, 44 cities and 10 villages … Find out how your government money is spent at Open Book New York . Track municipal spending, the state's 150,000 …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-announces-latest-fiscal-stress-scoresDiNapoli: MTA Faces Its Greatest Challenges in Decades
… fares. Additional risks include the source of more than $300 million in unspecified annual savings and the cost of …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-mta-faces-its-greatest-challenges-decadesComptroller DiNapoli Releases Municipal Audits
… an exemption credit totaling $2,168 in assessed value on one property because the exemption amount was incorrectly … $138,972. Six water districts and one sewer district rely on general fund advances to finance operations, totaling …
https://www.osc.ny.gov/press/releases/2019/04/comptroller-dinapoli-releases-municipal-auditsRegistration and Enforcement of Automotive Services, Sales, and Salvage Facilities
… the Department’s responsibilities for administering the registration and licensing for certain types of automotive businesses, including registration of repair shops, dealers, dismantlers, and junk … could potentially be operating without a valid Department registration. We performed site observations at 241 of these …
https://www.osc.ny.gov/state-agencies/audits/2017/08/15/registration-and-enforcement-automotive-services-sales-and-salvage-facilitiesOrdinary Death Benefit – Career Plan
… death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job accident. The … monthly pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated …
https://www.osc.ny.gov/retirement/publications/1642/ordinary-death-benefitOrdinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job accident. The … monthly pension benefit.The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefitOrdinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… death benefit, in lieu of a monthly pension, if your death is not attributable to an on-the-job accident. The … montly pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefit