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Are You Vested? And What It Means
… Are You Vested? Being vested means that you have earned … 4 members who have at least five years of credited service are vested. As of April 9, 2022, Tier 5 and 6 members also … please contact us . Tier 5 and 6 members who left public employment with five or more years of service and did …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansXIX.7 Moving Expenditures Charged Prior to Conversion to a PCIP Converted Project ID – XIX. Project Costing (PCIP)
… collection has occurred. This issue will disrupt Federal billing and could potentially end up in monies not being … normal. In turn, there would be a net $0 effect on the SFS billing and the federal draw. Upon submission, GLJE’s using … contract line associated to the NYS01 project is open for billing as well as adjust the billing limits on both the old …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix7-moving-expenditures-charged-prior-conversion-pcip-converted-project-idXII.6.Q Paying and Reconciling State Credit Card Charges – XII. Expenditures
… field of the voucher, the agency must enter the full PCard billing account number followed by the two - digit billing month and the two - digit billing year . There should not be any letters, special …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6q-paying-and-reconciling-state-credit-card-chargesXI.4.A Not-for-Profit Prompt Contracting – XI. Procurement and Contract Management
… added Article XI-B (The Prompt Contracting Law) to the State Finance Law, promoting prompt contracting with … renewal contract. State Agency If contract is non-approved by the Attorney General or the Comptroller, notify affected … Commissioner of Taxation and Finance if the NFP borrowed money from an outside source. If a higher rate is requested, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4a-not-profit-prompt-contractingOswego City School District - Separation Payments (2021M-194)
… not accurately calculate separation payments or benefits for five of the 10 employees that we reviewed. Officials made … language in the employees’ CBA or employment contract. For example, officials provided: A teaching assistant with a … contract. Key Recommendations Establish written procedures for calculating separation payments and benefits. Review …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/oswego-city-school-district-separation-payments-2021m-19414th Annual Emerging Manager & MWBE Conference
… connect with New York State Common Retirement Fund (Fund) investment staff and partners. In a new virtual environment, this year’s Conference continued to offer investment managers the opportunity to gain a better understanding of the Fund's investment process and manager selection. Small breakout …
https://www.osc.ny.gov/common-retirement-fund/emerging-manager/14-annual-conferenceSUNY Bulletin No. SU-289
… This Legislation authorized the creation of a new Tier 6 pension plan. ( Please refer to Bulletin 1256 ) Effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-289-two-year-look-back-tier-6-suny-optional-retirement-planState Agencies Bulletin No. 1793
… provide the employee’s earnings by Department ID for the calendar year entered. If the query results in multiple rows … Plans page should be updated for employees with a Payroll Status of Active, Leave of Absence, Leave with Pay, … Insert a row in the “ Coverage ” section and enter the payroll period begin date in the Deduction Begin Date field. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1793-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcNew Customer-Focused Subway Metrics
To determine whether New York City Transits Transit new metrics provide customers with better information about their trips and provide a more accurate picture of Transits performance
https://www.osc.ny.gov/state-agencies/audits/2020/01/17/new-customer-focused-subway-metricsRockville Centre Union Free School District - School District Website (S9-19-28)
… financial information was not posted, resulting in a lack of transparency. Information that was posted was limited in … Posting a prepared plan further enhances the transparency of the District’s fiscal decisions. Key Recommendations Must … multiyear financial plan to help residents see the impact of fiscal decisions over time. District officials generally …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/23/rockville-centre-union-free-school-district-school-district-website-s9-19Island Trees Union Free School District - School District Website (S9-19-34)
… Union Free School District (District) used its resources to maintain a website that provided the public with … parties from readily accessing and reviewing documents to make informed decisions. Officials did not post the: Final annual budget. Budget-to-actual results, a comprehensive property tax report card …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/23/island-trees-union-free-school-district-school-district-website-s9-19-34Boquet Valley Central School District – Procurement (2021M-132)
… School District (District) officials procured goods and services in accordance with the Board of Education’s (Board) policies and applicable … requirements. Officials did not procure: One purchase contract totaling $26,859, of 10 purchase contracts totaling …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/10/boquet-valley-central-school-district-procurement-2021m-132State Agencies Bulletin No. 130
… Services will process the initial input of transactions to OSC for the deduction code 317, CSEA Universal Life Program. Agency Processing Agency may need to start or cancel a deduction for an employee with this … code, using the Gen Deduction CD (Agency) panel. Refer to Bulletin No. 89 for instructions on how to start and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/130-csea-universal-life-programState Agencies Bulletin No. 1843
… Queries, and the updated and new locked queries available for agency use in PS_Query. Background OSC provides Locked … queries are grouped together, making it easier to search for queries in a particular payroll area. Please note queries … query and ZZZZ refers to a short description of the query. For example: LQ_DDP_Audit_DD_Entries. See table below for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1843-updates-existing-and-new-locked-queries-psqueryCUNY Bulletin No. CU-691
… Purpose The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 CUNY …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-691-two-year-look-back-tier-6-cuny-optional-retirement-plan-orpUnified Court System Bulletin No. UCS-340
… of this bulletin is to provide agencies with instructions for manual payment of the April 2024 UCS Security and Law … (Bargaining Units DR, F8, SR, SY, 87, and 86), provides for an annual Security and Law Enforcement Differential … in Bargaining Units 86, 87 DR, F8, SR and SY are eligible for the April 2024 UCS SLED payment provided the employee: Is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-340-april-2024-unified-court-system-ucs-security-and-lawDebt Management
… municipalities. Acting through the Securities Coordinating Committee, the Bureau responsible for coordinating the debt …
https://www.osc.ny.gov/debt/debt-managementDiNapoli: Halfmoon Resident Allegedly Stole Deceased Mother's Pension Payments
… 55, was arraigned in Halfmoon Town Court before Judge Joseph Fodera, and is due back in court on Dec. 21, 2022. The …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-halfmoon-resident-allegedly-stole-deceased-mothers-pension-paymentsMount Pleasant Blythedale Union Free School District – Procurement (2022M-86)
… procured goods and services in accordance with the Board of Education’s (Board) policies and applicable statutory … payroll services for 9 years without seeking competition. When officials do not seek competition, there is less assurance to taxpayers …
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/28/mount-pleasant-blythedale-union-free-school-district-procurement-2022m-86VII.10.D Cash Advance Payment Types – VII. State Revenues and Appropriated Loan Receivables
… and the required documentation. Petty Cash (Advance Account Code 59001) The petty cash advance account can be used for the following purposes: Provide … OSC requires Business Units to maintain for all advance account transactions (outlined below), OSC also requires …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10d-cash-advance-payment-types