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Ordinary Death Benefit – Special 20- and 25-Year Plans
… Your beneficiary may be entitled to an ordinary death benefit if you meet the eligibility requirements and your death is not attributable to an on-the-job accident. The … by resignation, employer action, retirement or any other means while receiving those benefits; or Within 12 months of …
https://www.osc.ny.gov/retirement/publications/1517/ordinary-death-benefitNew York State Comptroller DiNapoli Statement on the MTA's February Financial Plan
… Financial Plan: “There is still a lack of clarity on how the MTA will close its $600 million deficit this year. … current financial situation; however, the authority must do its part to ensure any funds provided are maximized to … government financial records, track state contracts, and find commonly requested data. … New York State Comptroller …
https://www.osc.ny.gov/press/releases/2023/02/new-york-state-comptroller-dinapoli-statement-mtas-february-financial-planTaxes – 2021 Financial Condition Report
… the COVID-19 pandemic. Collections for consumption and use taxes, New York State’s second largest tax revenue source, … SFY 2016-17 and declined 10.6 percent from the previous year. A 24.4 percent growth in personal income tax collections, buoyed by an estimated 6.8 percent …
https://www.osc.ny.gov/reports/finance/2021-fcr/taxesReview of Advance Contract Payments
… was to determine whether the New York State Education Department (SED) monitors their contractors’ performance to ensure they expended the advanced funds in accordance with the terms and conditions of the contracts. Background … June 2018. Key Findings We found SED needed to improve its contract monitoring to ensure contractors expended advanced …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsState Comptroller DiNapoli Releases Municipal Audits
… and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-municipal-auditsOpinion 2006-11
… CONFLICTS OF INTEREST -- Purchases and Sales (from store at which town board member is employed) -- Exceptions … has an interest in town purchases from an auto parts store solely because the board member is an employee of the store, the interest would not be prohibited if the board …
https://www.osc.ny.gov/legal-opinions/opinion-2006-11Contract Advisory No. 23
… An agency can remove an authorized signatory by sending a letter to OSC’s BOC, identifying the signatory name to be … New York 12236 Agencies should confirm that a valid Business Unit/Department ID combination is noted on the …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/23-authorized-signature-form-ac-1782-sAbout an Employer’s Role – What Every Employer Should Know
… responsibilities you have as a participating employer is ensuring every employee is aware of the opportunity to … us as useful and efficient as possible. Rev. 2/23 … What every employer should know about NYSLRS and what it …
https://www.osc.ny.gov/retirement/employers/partnership/about-employers-roleDiNapoli: Local Sales Tax Collections Grew by Over 14% in February Compared to Last Year
… growth in 2023, future collections may not grow at such a fast pace,” DiNapoli said. “With the nation and the state …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-local-sales-tax-collections-grew-over-14-february-compared-last-yearState Comptroller DiNapoli Releases School District Audits
… ensure that computers were free from malicious software. In fact, two malicious software applications were installed … annual budget. Some appropriations were overestimated in previous budgets and continued to be overestimated. … the statutory surplus fund balance limit and resulted in a lack of transparency because the taxpayers were not …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-auditsOpinion 92-30
… employees are contained in General Municipal Law, article 18 (§800 et seq .). Article 18 defines "contract" to include "any claim, account or … or approve payment thereunder, (b) audit bills or claims under the contract, or (c) appoint an officer or employee who …
https://www.osc.ny.gov/legal-opinions/opinion-92-30Opinion 88-13
… officer and stockholder of more than 5% of the outstanding stock of an insurance agency would have a prohibited conflict … is the vice-president and holder of 19.7% of the voting stock of an insurance company which provides insurance … provides an exception for interests arising as a result of stock ownership or control if less than 5% of the outstanding …
https://www.osc.ny.gov/legal-opinions/opinion-88-13Opinion 88-75
… GENERAL MUNICIPAL LAW, §§800(3), 801, 802(1)(b), 802(2)(a): A city attorney who is an officer, employee, director or … employee, or stockholder (General Municipal Law, §800[3][c],[d]). That interest is prohibited if the officer or … or duties, since that determination, in part, depends upon what powers and duties are prescribed for the city attorney …
https://www.osc.ny.gov/legal-opinions/opinion-88-75State Agencies Bulletin No. 1657
… Purpose To inform agencies of the change to federal tax withholding and the potential … withheld or over withheld. The Internal Revenue Service (IRS) and the Office of the State Comptroller (OSC) strongly … urge all employees to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1657-federal-withholding-change-tax-year-2018State Comptroller DiNapoli Releases School Audits
… State Comptroller Thomas P. DiNapoli today announced his office completed audits of Brookfield Central School District … District and the Marathon Central School District . "In an era of limited resources and increased accountability, it's critical that schools make every dollar count," DiNapoli …
https://www.osc.ny.gov/press/releases/2018/03/state-comptroller-dinapoli-releases-school-auditsDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… 22.2% Non-US Equities -0.5% 11.2% Private Equity 9.2% 7.5% Real Estate 10.4% 6.4% TIPS* 3.3% 5.2% Global Equities 4.4% 4.9% Absolute Return Strategies 5.9% 3.5% Non-Core Fixed Income** N/A 1.1% Opportunistic Alternatives 7.0% 0.7% Real Assets** N/A 0.2% *Treasury Inflation-Protected …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… bonds, and mortgages (22.62%), private equity (14.75%), real estate and real assets (13.30%) and credit, absolute return strategies, and opportunistic alternatives (7.49%). The …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterThe Ex-spouse’s Payments – Divorce and Your Benefits
… avoid delays in payments to the ex-spouse. If the member is already receiving a pension benefit at the time the final … Code, equitable distribution payments to the ex-spouse are taxable. NYSLRS will mail a 1099-R form to the ex-spouse for … to mandatory retirement. Ex-spouses cannot obtain a cash payout of their portion of the pension benefit, and they are …
https://www.osc.ny.gov/retirement/members/divorce/ex-spouses-paymentsUse of State Appropriations
… Purpose To determine whether the New York Wine and Grape Foundation (Foundation) has spent … revenue payments were being sent directly to an employee’s home and not to the Foundation’s business office. We discussed this issue with Foundation officials, who immediately rectified …
https://www.osc.ny.gov/state-agencies/audits/2016/06/16/use-state-appropriationsChurchill School and Center – Compliance With the Reimbursable Cost Manual
… whether the costs reported by the Churchill School and Center on its Consolidated Fiscal Reports (CFRs) were … ended June 30, 2011. Background The Churchill School and Center consists of the Churchill School (Churchill), the …
https://www.osc.ny.gov/state-agencies/audits/2014/05/27/churchill-school-and-center-compliance-reimbursable-cost-manual