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Partial Lump Sum Payment – Special 20- and 25-Year Plans
… retirement benefit for at least one year before your date of retirement; and Retire with a service retirement benefit … a disability benefit). The amount of a PLS payment is a percentage of the total actuarial value of your retirement … you choose to receive a PLS payment, your lifetime monthly pension benefit will be permanently reduced . You cannot …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/partial-lump-sum-paymentState Agencies Bulletin No. 1714
… Tier 6 employee’s Retirement Plan page due to the two-year look back Affected Employees New York State employees who are … Benefit Plan based on the agency’s review of the “two-year look back” salary. Public query TWO_YEAR_LOOKBACK_VDC will … from each row must be combined to determine the “two-year look back” salary. The query will prompt for Calendar Year – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1714-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcState Agencies Bulletin No. 1793
… Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees New York State employees who … Benefit Plan based on the agency’s review of the “two-year look back” salary. The public query, TWO_YEAR_LOOKBACK_VDC … from each row must be combined to determine the “two-year look back” salary. The query will prompt for Calendar Year – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1793-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcDiNapoli Announces Results of General Obligation Bond Sale
… payments, saving New York taxpayers approximately $4.3 million on a cash flow basis and $3.1 million on a net … bonds are scheduled to be delivered on March 15, 2018. The winning bids were as follows: Series 2018A Tax-Exempt Bonds … Tax-Exempt Refunding Bonds will be used to refund $12.5 million of outstanding New York State General Obligation …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-announces-results-general-obligation-bond-saleState Agencies Bulletin No. 435
… Purpose To provide notification of a change in the manager of the New York State College Savings Program. Affected Employees Employees who participate in the College Savings Program. Background Upromise Investments … To provide notification of a change in the manager of the New York State College Savings Program …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/435-change-manager-nys-college-savings-programMainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting (Follow-Up)
… audit report on October 13, 2016. The audit objective was to determine whether mainstream MCOs were submitting … costs to the Department and whether the Department was appropriately applying the administrative costs in …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/mainstream-managed-care-organizations-administrative-costs-used-premium-rate-setting-followState Agencies Bulletin No. 1909
… Purpose The purpose of this bulletin is to inform agencies of OSC’s upcoming automatic processing and provide guidance … by NYSCOPBA are affected. Background Chapter 24 of the Laws of 2019 which implements the negotiated 2016–2023 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1909-april-2021-increase-hazardous-duty-pay-arbitration-eligible-bu01DiNapoli: Federal Relief Funds Should Have Been Better Targeted to Communities Hardest Hit by COVID-19
… communities with low infection rates at the time the aid was given have not. “The formula used by the federal … additional funding totaling nearly $4 billion. If funding was allocated based on confirmed cases at the time of the … The majority of the spending for the city and Long Island was used for healthcare payroll and medical expenses. Local …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-federal-relief-funds-should-have-been-better-targeted-communities-hardest-hit-covid-19EDSS - Revenue Contract / Amendment Help
… / Amendment? The Revenue Contract / Amendment will need to be created in the State Financial System (SFS) first. Please … will a Revenue Contract / Amendment submitted through EDSS be received by the Bureau of Contracts (BOC)? Contracts … Time. Transactions received after 3:00pm Eastern Time will be received the following business day. What are BOC’s …
https://www.osc.ny.gov/state-agencies/contracts/edss-revenue-contract-amendment-helpDiNapoli: Local Sales Tax Collections Grew 5.1% in November
… reflects reported sales by vendors. The next quarterly numbers (for October to December) will be available in …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-local-sales-tax-collections-grew-5-point-1-percent-in-novemberIndustrial Development Agencies in New York State
… exemptions. Below is an interactive map developed by the Office of the New York State Comptroller (OSC) that displays …
https://www.osc.ny.gov/local-government/industrial-development-agencies-new-york-stateState Agencies Bulletin No. 1627
… 6 employee’s Retirement Plan page due to the VDC two-year look back Affected Employees New York State employees who … Benefit Plan based on the agency’s review of the “two-year look back” salary. If updates are needed, they should be … Questions Questions regarding the VDC two-year look back should be addressed to Dave Morrell at SUNY (518) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1627-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcNew York State Comptroller DiNapoli Statement on the Passing of Ruth Bader Ginsburg
… "Tonight our nation mourns the passing of U.S. Supreme Court Justice Ruth Bader Ginsburg. "She was a … Tonight our nation mourns the passing of US Supreme Court Justice Ruth Bader Ginsburg …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-passing-ruth-bader-ginsburgTown of East Hampton – Budget Review (B18-7-9)
… the significant revenue and expenditure projections in the Town’s tentative budget for the 2019 fiscal year are … reasonable. Background The Town of East Hampton, located in Suffolk County, is authorized to issue debt not to exceed $30 million to liquidate the accumulated deficit in the Town’s general fund as of December 31, 2007, December …
https://www.osc.ny.gov/local-government/audits/town/2018/10/29/town-east-hampton-budget-review-b18-7-9Town of East Hampton – Budget Review (B17-7-15)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant … the 2018 fiscal year are reasonable. Background The Town of East Hampton, located in Suffolk County, is authorized to … Town of East Hampton Budget Review B17715 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/02/town-east-hampton-budget-review-b17-7-15State Agencies Bulletin No. 1876
… Purpose The purpose of this bulletin is to notify agencies of the maximum salary limit for Tier 6 members of NYCTRS (7S), NYCBERS (7T), NYCERS (7U), PFRS (7W), NYSTRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1876-maximum-salary-limit-tier-6-members-following-retirement-systemsVillage of Hempstead – Budget Review (B7-14-4)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure … in Nassau County, issued debt totaling $4.2 million to liquidate the accumulated deficit in the Village’s general … tax levy limit. Key Recommendations The Board must adopt a local law overriding the tax levy limit before they adopt …
https://www.osc.ny.gov/local-government/audits/village/2014/04/01/village-hempstead-budget-review-b7-14-4Comptroller DiNapoli & A.G Schneiderman Announce Sentencing of Former Met Council Director
… Poverty (Met Council), has been sentenced to one year in jail. Cohen has also paid $650,000 in restitution to Met … Obus in New York County Supreme Court to a one-year jail sentence. Cohen also paid $650,000 in restitution to Met … Friedman was convicted and sentenced to four months in jail, and ordered to pay $775,000 in restitution to Met …
https://www.osc.ny.gov/press/releases/2015/05/comptroller-dinapoli-ag-schneiderman-announce-sentencing-former-met-council-directorWestchester Community College – Fixed Assets (2017M-78)
… County and the State University of New York and is located in Valhalla, New York. The College is governed by a 10-member …
https://www.osc.ny.gov/local-government/audits/community-college/2017/06/30/westchester-community-college-fixed-assets-2017m-78NY-Sun Incentive Program (Follow-Up)
… Program (Report 2015-S-91 ). Background The New York State Energy Research and Development Authority (Authority) is … Program (NY-Sun), which is part of New York's Clean Energy Standard (CES). The CES is designed to fight climate … pollution, and ensure a diverse and reliable low carbon energy supply. To help achieve these goals, the CES requires …
https://www.osc.ny.gov/state-agencies/audits/2018/06/20/ny-sun-incentive-program-follow