Search
Overview – Non-Contributory Plan with Guaranteed Benefits
… is based on your years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, FAS is the average of the wages you earned during any 36 consecutive … years of employment immediately before retirement. The calculation of your FAS can include, but is not limited to, …
https://www.osc.ny.gov/retirement/publications/1513/overviewOverview – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Your pension is based on your years of credited service and your final average salary (FAS). For Tier 1, 2, 3 … made as a result of working your vacation; Any form of termination pay; Payments made in anticipation of retirement; …
https://www.osc.ny.gov/retirement/publications/1511/overviewAdditional Benefits after 25 Years (Sections 384[f], [g] and [h]) – Special 20- and 25-Year Plans
… Eligibility Under these subdivisions of Section 384, you will receive additional benefits for … you must have elected the benefit within one year of your appointment or within one year of employer adoption. … FAE. The Benefit This coverage provides an additional pension benefit of 1.66 percent of your FAE for each …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-25-years-sections-384f-g-and-hOverview – State Police Plan
… in your career. Your FAE can include, but is not limited to, the payments listed below. Payments must be earned in the …
https://www.osc.ny.gov/retirement/publications/1518/final-average-earnings/overviewSpecial Accidental Death Benefit – New Career Plan
… If you die under circumstances that permit payment of the accidental death benefit, a special accidental death … will be paid to your children who are under the age of 18, or if they are students, until the age of 23. The Benefit The special accidental death benefit is a pension equal to your salary reduced by: The accidental death …
https://www.osc.ny.gov/retirement/publications/1515/special-accidental-death-benefitDiNapoli Report Highlights MTA's Significant Needs
… (MTA) latest 20-Year Needs Assessment, reviews the depth of work needed to upgrade New York’s regional transit systems and highlights the urgent need for the MTA to state its priorities and funding plans. … all, it needs to be transparent. Riders and policymakers need to know what these capital projects mean for them, the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-report-highlights-mtas-significant-needsNYS Common Retirement Fund Announces Third Quarter Results
… Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent for the … during the quarter. The Fund’s value was $176.8 billion as of the end of the state fiscal year on March 31, 2014. The … State Common Retirement Fund is the third largest public pension fund in the United States. The Fund holds and invests …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsWestchester County Sisters Charged With Hiding Their Mother's Death to Steal From Retirement System
… filing a complaint online at [email protected] , or by mailing a complaint to: Office of the State …
https://www.osc.ny.gov/press/releases/2019/11/westchester-county-sisters-charged-hiding-their-mothers-death-steal-retirement-systemXI.18.H The Infrastructure Investment Act – XI. Procurement and Contract Management
… New York State Bridge Authority, the New York State Office of General Services, the Dormitory Authority of the State of New York, the New York State Urban … process and describes why one of the following bases for award was selected: Best Value; Cost Plus Not to Exceed …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18h-infrastructure-investment-actDiNapoli: Former City of Corning Clerk Arrested for Stealing Public Funds
… Comptroller Thomas P. DiNapoli today announced the arrest of former city of Corning clerk Stephanie Burlew. She was charged with grand … steal taxpayer money,” said DiNapoli. “Local governments need to make sure proper controls are in place to protect …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-former-city-corning-clerk-arrested-stealing-public-fundsTown of Grand Island – Internal Controls Over Fuel Purchases (2013M-182)
… Purpose of Audit The purpose of our audit was to evaluate internal controls over the … user ID’s only be assigned to employees with a routine need to obtain fuel for the purpose of conducting their Town …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-grand-island-internal-controls-over-fuel-purchases-2013m-182DiNapoli: Potsdam Audit Finds Missing Court Funds
… The former justice court clerk in the town of Potsdam was arrested for embezzling $117,000 after an … the St. Lawrence County District Attorney with one count of grand larceny in the second degree, a class C felony, and … Their response is included in the final audit. For a copy of the report visit: …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-potsdam-audit-finds-missing-court-fundsPerformance Incentive Program
… its employees for meeting performance goals. A series of legal opinions and directives issued by various State … 2011-12 through 2013-14, the Authority distributed a total of $1.8 million in awards. Key Findings The Program, by … Recommendations Establish performance measures for Program award eligibility that are clearly differentiated from …
https://www.osc.ny.gov/state-agencies/audits/2015/02/27/performance-incentive-programXI.18.C Consultant Disclosure – XI. Procurement and Contract Management
State contractors are required to disclose by employment category the number of persons employed to provide services under a contract for consulting services the number of hours worked and the amount paid to the contractor by the State as compensation for work performed by these employees
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18c-consultant-disclosureDiNapoli Op-Ed in the NY Daily News Explains His Audit of the Former Governor's COVID Performance
… home failures: The state comptroller explains his audit of the former governor’s COVID performance New York City just … of the missing facts in that story. As we move forward, we need to recognize that New York has to do a better job of … are handled, the public services seniors rely on need greater priority and attention statewide. That means …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-op-ed-ny-daily-news-explains-his-audit-former-governors-covid-performanceDiNapoli: Needles, Birth Control Go Missing From NYC School Health Centers
… Thomas P. DiNapoli today announced that an audit of the New York State Department of Health (DOH) found that medications and potentially … and Document the disposition of expired medications. A copy of the audit is available here: …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-needles-birth-control-go-missing-nyc-school-health-centersSouth Farmingdale Fire District - Financial Condition and Leave Benefits (2018M-29)
… Board ensured that leave records were properly maintained and leave benefits were authorized. Key Findings As of December 31, 2016, the South Farmingdale Fire District’s (District) unrestricted fund balance totaled more … from 2014 through 2016. District officials paid $15,747 for 635 hours of leave benefits that were not authorized by …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/05/25/south-farmingdale-fire-district-financial-condition-and-leave-benefitsScarsdale Union Free School District – Overtime (2022M-105)
… than necessary. Officials: Overpaid 20 employees a total of $11,961 for overtime. Paid 20 employees overtime totaling … services. With appropriate scheduling, over $155,516 of these overtime payments could have been avoided or … on an issue that was raised in the District’s response letter. … Determine whether the Scarsdale Union Free School …
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/16/scarsdale-union-free-school-district-overtime-2022m-105Albany County – Sexual Harassment Prevention Training (S9-23-05)
… (235 selected employees and 43 elected officials) due to unreliable records. We determined 30 additional … agreed with our recommendations and indicated they planned to initiate corrective action. Appendix B includes our …
https://www.osc.ny.gov/local-government/audits/county/2023/09/15/albany-county-sexual-harassment-prevention-training-s9-23-05Alexander Central School District – Financial Management (2020M-64)
… statutes. Appropriations were overestimated by a total of $7 million from 2015-16 through 2018-19. An average of $500,000 of fund balance was appropriated each year, but … our comment on an issue raised in the District’s response letter. … Determine whether the Board and District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2020/09/11/alexander-central-school-district-financial-management-2020m-64