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Divorce – Article 14 Benefits
… The New York State Court of Appeals has determined that retirement benefits are … distribution. Equitable distribution is the division of marital assets between spouses after the marriage has … Relations Order (DRO) if we are to pay a portion of your pension to your ex-spouse. A DRO gives us specific direction …
https://www.osc.ny.gov/retirement/publications/1644/divorceFinal Average Salary – Article 14 Benefits
… service and your final average salary (FAS). FAS is the average of the wages you earned during any 36 consecutive months of … service when your earnings were highest. This is usually the last three years of employment. If the earnings in any …
https://www.osc.ny.gov/retirement/publications/1644/final-average-salaryOvertime Limits – Enhanced Reporting
… and Social Security Law limits the amount of overtime pay included in the calculation of pension benefits. Overtime … Limits PFRS Overtime Limits At the beginning of each calendar year, reset your employees' overtime earnings to … earnings (regular earnings, shift differential pay, location pay, longevity payments and top of pay grade …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsContract Advisory No. 25
… Documents Submission System (EDSS) Guidance : The Office of the State Comptroller's Bureau of Contracts (BOC) launched the Electronic Documents … (EDSS) 5/9/2017. EDSS is available through the NYS Office of the State Comptroller Online Services System. EDSS is …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/25-electronic-documents-submission-system-edssDiNapoli Releases November State Cash Report
… Nov. 30, $5.3 billion or 5.9 percent higher than last year for the same period. Significant increases include spending for Medicaid (up $2.8 billion, primarily from federal … Update and nearly $2.8 billion lower than a year earlier. For a detailed breakdown, go to …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-releases-november-state-cash-reportDiNapoli Releases July State Cash Report
… tax collections outpaced those from last year, which is a positive development," DiNapoli said. "Federal receipts … General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental … as well as funds from the federal government. The report is accessible in Excel and Adobe formats. Since becoming …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-reportFederal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
… Historic relief funds from the federal government, provided in response to the COVID-19 … noted that all states had a positive balance of payments for FFY 2020 due to the unprecedented influx of federal … helping states manage through the pandemic, but the money is temporary,” DiNapoli said. “Federal aid helped stabilize …
https://www.osc.ny.gov/press/releases/2022/03/federal-relief-aid-temporarily-reverses-trend-ny-sending-more-washington-it-gets-backSpecial 25-Year Plan for County Probation Department Peace Officers (Sections 89-t and 603(p))
… and Local Retirement System (Return to Top) … Information for members about 25 year special retirement plan for peace officers who serve in the probation department …
https://www.osc.ny.gov/retirement/publications/special-25-year-plan-county-probation-department-peace-officers-sections-89-t-and-603pSpecial Plan for Town of Elmira District #1 Traffic Officers (Sections 89-q and 603(m))
… Top) (Return to Top) VO1839 (Rev. 6/12) © 2012, New York State and Local Retirement System (Return to Top) … Information for members …
https://www.osc.ny.gov/retirement/publications/special-plan-town-elmira-district-1-traffic-officers-sections-89-q-and-603mState Agencies Bulletin No. 2239
… Projected 366 Day Completion Date and/or the Projected 7 Year Completion Date are missing from the TIAA/CREF … completed. Breaks in service could also impact the seven-year date, when the employer contribution rate increases. … in service, have not completed the suspense period or 7 year period, and appear on the NBEN742A and NBEN742B …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2239-calculating-projected-366-day-completion-date-andor-projected-7-yearState Agencies Bulletin No. 2243.2
… all stopped/reissued checks, salary exchange checks, direct deposit returns, and retirement refunds, in addition to the status of direct …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/22432-revised-new-payroll-check-notification-reportComptroller DiNapoli Releases School Audits
… operations. These practices allowed the district to report year-end unrestricted fund balance at levels that essentially … recalculated unrestricted fund balance ranged between 16 to 18 percent of the ensuing year’s appropriations. As a … to remain at nearly the same level at the end of 2015-16. Although the board and district officials annually …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-1State Authority Codes
… by OSC. Each State authority that will submit contracts to OSC will be assigned a State Authority Code. Authorities … of a State Authority Code being assigned are directed to [email protected] . State Authority Name Code Agriculture and …
https://www.osc.ny.gov/public-authorities/state-authority-codesEarnings Limits
… Overview The earnings included in the calculation of your final average earnings (FAE) , … Revenue Code Section 401(a)(17) limits the earnings used in the calculation of pension benefits. The amount is set by … below for the maximum amount of earnings that can be used in your FAE calculation. Earnings Period Earnings Limit April …
https://www.osc.ny.gov/retirement/members/earnings-limitsDiNapoli: Middletown Chiropractor Sentenced to Nine Years for Insurance Fraud
… the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-middletown-chiropractor-sentenced-nine-years-insurance-fraudState Agencies Bulletin No. 1259
… Incentive Program Payment. Affected Employees Employees in the Professional, Scientific and Technical Services Unit – … criteria Background Pursuant to a side letter contained in the 2011-2015 Agreement between the State of New York and … who are part-time are entitled to the full payment amount. Agency Actions To pay the 2012-2013 Pilot Firearms …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1259-2012-2013-pilot-firearms-training-and-safety-incentive-program-paymentGeddes Town Clerk Charged in $30K Swindle
… County District Attorney William J. Fitzpatrick said. "My office has always had a strong relationship with the New …
https://www.osc.ny.gov/press/releases/2019/04/geddes-town-clerk-charged-30k-swindleDiNapoli: Former Alexandria Town Clerk Pleads Guilty in Theft
… Attorney’s office and the State Police for their hard work on this case.” “The Jefferson County District Attorney’s … office would like to also extend our thanks to the New York State Police and the Office of the State Comptroller … office at the town’s request, in partnership with law enforcement. The investigation and audit found that Peck, …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-former-alexandria-town-clerk-pleads-guilty-theftOpinion 96-22
… This opinion represents the views of the Office of the State Comptroller at the time it was … -- Capital Reserve Fund (transfer of moneys to contingency and tax stabilization reserve fund); (use of moneys in fund …
https://www.osc.ny.gov/legal-opinions/opinion-96-222023 Annual Cash Basis Report on State Funds
… of Appropriation Transactions (in Force) Appropriated Loans Receivable Transactions General Obligation Debt Future … Net Cash Transactions Short-Term Investment Pool Temporary Loans Outstanding Summary of Cash Advance Accounts by …
https://www.osc.ny.gov/finance/cash-basis/2023-annual-cash-basis-report-state-funds