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DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… to $272.1 billion. “There has been tremendous volatility in the markets in recent months, but thanks to the state pension fund’s … rate of return,” DiNapoli said. “Still, the turmoil in the markets since Russia’s invasion of Ukraine has sent …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: State Pension Fund Value $192 Billion
… public equity markets,” DiNapoli said. “New York state’s pension fund is at a record value based on prudent long … best performing pension plans in the nation and that’s great news for the more than one million men and women who participate …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionControls and Management of the Unemployment Insurance System
… risk of improper payments and fraud, largely the result of identity theft. Further, even without considering claims from the … claims, particularly those attributed to identity theft. In February 2021, the Department began using ID.me, …
https://www.osc.ny.gov/state-agencies/audits/2022/11/15/controls-and-management-unemployment-insurance-systemCUNY Bulletin No. CU-810
… Purpose: The purpose of this bulletin is to provide agencies with instructions for processing the CUNY rate increases for the Locksmith Title. Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-810-cuny-retroactive-rate-increases-locksmith-skilled-tradeCost-Saving Ideas: Minimizing Unemployment Insurance Costs
… State Department of Labor (DOL) determines who qualifies for benefits and individual employers fund their own programs. Review Claims for Propriety After you terminate an employee and file for unemployment insurance, DOL will determine whether or not …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-minimizing-unemployment-insurance-costsXIII.4.C Travel Mileage Rates – XIII. Employee Expense Reimbursement
… irs-increases-the-standard-mileage-rate-for-business-use-in-2025-key-rate-increases-3-cents-to-70-cents-per-mile Mileage … Vehicle Standard Rate Motorcycle Mileage Rate January 1, 2025 0.700 0.680 January 1, 2024 0.670 0.650 January 1, 2023 … mileage. Guide to Financial Operations REV. 01/02/2025 … New York State reimburses employees for business use …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4c-travel-mileage-ratesContract With Shorefront Mental Health Board – Compliance With Prevailing Wage Law
… wage laws under its janitorial contract with the New York Stat …
https://www.osc.ny.gov/state-agencies/audits/2014/10/28/contract-shorefront-mental-health-board-compliance-prevailing-wage-lawDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionCUNY Bulletin No. CU-621
… Enter the total amount of the adjustment. Agency Actions – Night Differential Increase Effective 1/1/2018 Regularly … and 8:00 a.m. shall be paid a night shift differential at the rate of time and one-half (1.5x) the straight hourly rate. At least one (1) hour must be worked in the applicable night …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-621-cuny-retroactive-rate-increases-elevator-mechanicsSUNY Bulletin No. SU-299
… SUNY TIER 6 6PCT Effective Dates Changes will take effect for the paycheck dated February 3, 2021. Eligibility Criteria … provide the employee’s earnings based by Department ID for the calendar year entered. If the query results in … the 2020-2021 Agency Submission Schedule when updating the Retirements Plan panel in PayServ to affect the February 3, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-299-two-year-look-back-tier-6-suny-optional-retirement-planSUNY Bulletin No. SU-274
… Education Department and SUNY employees who are members of the ORP Background On March 16, 2012, the Governor signed … after March 31, 2012. Effective with the first checks in April 2013, Legislation required the employee contribution … all PayServ job records, as well as agencies that are not in PayServ. The employee contribution rates are: Wages …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-274-two-year-look-back-tier-6-suny-optional-retirement-planState Agencies Bulletin No. 1676
… This bulletin has been superseded by Payroll Bulletins 1799 Purpose To inform agencies of … garnishments no longer being taken for employees due to new general deduction rules for calculating new and existing … tax levies Affected Employees Employees who currently have a writ of garnishment or New York State tax levy in place and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1676-new-general-deduction-rules-writs-garnishments-and-new-york-state-taxState Agencies Bulletin No. 1540
… for Hourly Employees. Affected Employees Employees in hourly positions who meet the eligibility criteria … increased the New York State minimum wage for employees in non-governmental positions. The Director of the Budget … other non-statutory positions paid using an hourly rate. In accordance with the following bulletin, the minimum hourly …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1540-december-2016-minimum-wage-increase-hourly-employeesState Agencies Bulletin No. 1589
… Code of ANN who are in an NS position (Grade 600) which is equated to a grade (Grade 001-025) Employees with a Pay … graded position (Grade 001-025) *Note: The Payroll System is unable to differentiate between seasonal and non-seasonal … positions. Hourly employees with an hourly rate that is equal to or less than $11.00 on or after the payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1589-april-2016-and-april-2017-civil-service-employees-association-csea-0Medicaid Overpayments for Inpatient Care Involving Mechanical Ventilation Services
… whether Medicaid overpayments were made to hospitals for mechanical ventilation services reported on APR-DRG (All … may cause Medicaid’s payment to the hospital to increase. For the period of January 1, 2014 through December 31, 2018, Medicaid paid over $522 million to hospitals for 4,874 inpatient APR-DRG claims that included an ICD …
https://www.osc.ny.gov/state-agencies/audits/2019/05/16/medicaid-overpayments-inpatient-care-involving-mechanical-ventilation-servicesImplementation of the Security Guard Act
… (Department) is adequately monitoring and enforcing the requirements for security guards under the Security Guard … 23, 2020. About the Program Article 7-A of the General Business Law – referred to as the Security Guard Act (Act) – … requires that individuals must have a valid security guard registration issued by the Department before working as a …
https://www.osc.ny.gov/state-agencies/audits/2021/07/06/implementation-security-guard-actCUNY Bulletin No. CU-708
… for processing the CUNY retroactive pay rate increases for High Pressure Plant Tenders and to provide instructions on … 29, 2021 between the Comptroller of the City of New York and District Council 37, AFSCME, AFL-CIO for employees … all employment and income taxes. Federal, State, and New York City income tax withholding will be calculated using the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-708-cuny-retroactive-pay-rate-increases-high-pressure-plantCUNY Bulletin No. CU-762
… employees in the below bargaining units will be affected. NY Barg U Descr (NY Barg U) T7 Plumbers Local 1 TN Plumbers Local 1 TV …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-762-cuny-nys-paid-family-leave-additional-bargaining-unitsMedicaid Overpayments for Inpatient Care Involving Mechanical Ventilation Services (Follow-Up)
… made in our initial audit report, Medicaid Overpayments for Inpatient Care Involving Mechanical Ventilation Services … whether Medicaid overpayments were made to hospitals for mechanical ventilation services reported on APR-DRG (All … contained in our audit report Medicaid Overpayments for Inpatient Care Involving Mechanical Ventilation Services …
https://www.osc.ny.gov/state-agencies/audits/2020/09/15/medicaid-overpayments-inpatient-care-involving-mechanical-ventilation-services-followState Agencies Bulletin No. 2053
… 410 Health Care Spending Account 416 Deferred Comp 420 NY Dependent Care Contribution 425 Repay State Loans/Debt 426 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2053-april-2021-and-2022-civil-service-employees-association-csea