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Membership Milestones for Employees’ Retirement System (ERS) Members
… how your years of service affect your retirement benefits. For specific information about your retirement plan, go to … With 5 years of service credit, you are eligible to apply for a non-job-related disability benefit. With 10 years of … With 10 or more years of service credit, you are: Eligible for an out-of-service death benefit, if you leave public …
https://www.osc.ny.gov/retirement/members/membership-milestones-employees-retirement-system-ers-membersExamples from GASB Statement 34 - Statement of Activities
… 62,300 (32,275,901) ----- (32,275,901) ----- Public works 10,128,538 850,000 ----- 2,252,615 (7,025,923) ----- … revenues: Taxes: Property taxes, levied for general purposes 51,693,573 ----- 51,693,573 ----- Property taxes, levied for debt service 4,726,244 ----- …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-activitiesVendor File Advisory No. 10
… Subject: Electronic Invoicing Reference: Guide to Financial Operations, Chapter XII, Section 4.E –Electronic … File that are “open for ordering” have the functionality to submit electronic invoices. See the Guide to Financial Operations XII.4.E for more detail. …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/10-electronic-invoicingPension Payment Options
… covered under Article 15: Sign in to Retirement Online . Look under My Account Summary . Then, look for the following: Retirement System: Employee …
https://www.osc.ny.gov/retirement/members/pension-payment-optionsXIII.8.A Moving Expense Reimbursements – XIII. Employee Expense Reimbursement
… reimbursements, see Payroll Bulletin No. 1698 . Guide to Financial Operations REV. 02/19/2019 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii8a-moving-expense-reimbursementsPeekskill City School District – Financial Condition (2015M-191)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition … The Peekskill City School District is located in the City of Peekskill, Westchester County. The District operates six …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/25/peekskill-city-school-district-financial-condition-2015m-191Contractors or Consultants – Membership and Enrollment
… of people who work for and provide services to the State or participating employers are considered public employees. … Those who provide services as independent contractors or consultants are not permitted to join NYSLRS or receive service credit for consultant or independent …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/contractors-or-consultantsAbout Statement No. 67 – Governmental Accounting Standards Board
… The Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans : … information disclosures. Has no impact on NYSLRS’ Statement of Plan Net Position or Statement of Changes in Plan Net Position. For more … Governmental Accounting Standards Board GASB Statement No 67 establishes accounting and reporting …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-67Medicaid Program – Improper Managed Care Payments for Misclassified Patient Discharges
… to reimburse hospitals for inpatient medical care. When a hospital bills an MCO for an inpatient stay, the hospital reports certain information on its claims, such as … than if the patient was simply discharged home from the hospital. Key Findings The audit identified 2,808 managed …
https://www.osc.ny.gov/state-agencies/audits/2022/08/19/medicaid-program-improper-managed-care-payments-misclassified-patient-dischargesPerformance of Duty Disability – Career Plan
… file an application for a performance of duty disability retirement benefit within one year following the alleged … incident or occurrence took place on or after September 1, 1980. The written notice must detail the time and place of … in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is …
https://www.osc.ny.gov/retirement/publications/1642/performance-duty-disabilityPerformance of Duty Disability – Regional State Park Police Plan
… Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and 6 members covered …
https://www.osc.ny.gov/retirement/publications/1867/performance-duty-disabilityPerformance of Duty Disability – Police and Fire Plan
… Law or if the incident or occurrence took place on or after September 1, 1980. The written notice must detail … one-half (50 percent) of your FAS, plus an annuity based on any annuity savings contributions you have made. The … Tier 5 and 6 members would not receive an annuity based on those contributions. The performance of duty disability …
https://www.osc.ny.gov/retirement/publications/1512/performance-duty-disabilityPerformance of Duty Disability – New Career Plan
… The application must be filed while you are still in service or within two years of your discontinuance from service. When filing for this benefit, “in service” is defined as while you are: Being paid on the …
https://www.osc.ny.gov/retirement/publications/1515/performance-duty-disabilityPerformance of Duty Disability – Non-Contributory Plan with Guaranteed Benefits
… NonContributory Plan with Guaranteed Benefits information for PFRS Tier 1 2 3 …
https://www.osc.ny.gov/retirement/publications/1513/performance-duty-disabilityPerformance of Duty Disability – Basic Plan with Increased-Take-Home-Pay (ITHP)
… September 1, 1980. The written notice must detail the time and place of the incident or occurrence, the particulars thereof, the nature and extent of your injuries, and the alleged incapacity. The Benefit If approved, the …
https://www.osc.ny.gov/retirement/publications/1511/performance-duty-disabilityDiNapoli: Great Demand For NYS General Obligation Bonds Allows State to Reduce Costs to Taxpayers
… yesterday awarded through negotiated sale $572,715,000 of New York State General Obligation (GO) Bonds. After a one-day … of the total bond sale, of which 85 percent was from New York retail buyers. The true interest cost of the GO … robust demand from investors large and small for New York’s General Obligation bonds,” said DiNapoli. “This …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-great-demand-nys-general-obligation-bonds-allows-state-reduce-costs-taxpayersAccounts Payable Advisory No. 39
… Subject Submitting vouchers to OSC for Eminent Domain Judgments Reference Guide to Financial Operations (GFO), Chapter XII, Section 6.B - … Land and all necessary documentation should be submitted to the Bureau of State Expenditures. … Submitting vouchers to OSC for Eminent Domain Judgments …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/39-eminent-domain-judgmentsControls and Accountability of Court, Trust and Bail Funds
… Department of Finance accurately accounts for Court, Trust and Bail funds. This audit covered from January 1, 2011 … Section 2601 of the New York State Civil Practice Law and Rules requires that all moneys paid into the New York … or no heirs able or willing to administer the estates), and other miscellaneous funds. Finance's Court Assets …
https://www.osc.ny.gov/state-agencies/audits/2014/04/16/controls-and-accountability-court-trust-and-bail-fundsCUNY Bulletin No. CU-647
… by the International Brotherhood of Teamsters, Local 237 in Bargaining Unit TT Effective Date(s) Paychecks dated June …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-647-international-brotherhood-teamsters-local-237-elevatorPartial Lump Sum Payment – Special 20- and 25-Year Plans
… Eligible PFRS members can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit … Amounts The amount of the PLS payment available to you is a percentage of the total actuarial value of your …
https://www.osc.ny.gov/retirement/publications/1517/partial-lump-sum-payment