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Mandatory vs. Optional Membership
… System (ERS) There are two types of membership in ERS, mandatory and optional. If you are a permanent, full-time … participates in the Retirement System, your membership is mandatory. Otherwise, membership prior to July 27, 1976, was … of participating employers, whose membership in ERS is not mandatory, still have the right to join. Section 45 of the …
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipMonitoring of Air Quality (Facility Permits and Registrations)
… delays in processing SAPA extended permits to reduce the number of facilities operating with outdated permits. Focus …
https://www.osc.ny.gov/state-agencies/audits/2023/09/20/monitoring-air-quality-facility-permits-and-registrationsOverview – Legacy Reporting
… through Retirement Online , including their earnings, the number of days they worked and more. You also report and forward … of our Hiring Public Retirees page .) Additionally, do not report contractors or consultants working for you. (To …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overviewSt. Lawrence County Industrial Development Agency – Project Approval and Monitoring (2021M-151)
… to ensure current employment information provided in project applications is supported by adequate …
https://www.osc.ny.gov/local-government/audits/county/2021/12/22/st-lawrence-county-industrial-development-agency-project-approval-and-monitoringPayroll Improvement Project Bulletin No. PIP-005
… The Payroll Improvement Project will upgrade PayServ from PeopleSoft version 9.1 to version 9.2. As part of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-005-navigation-changes-payserv-92Selected State Agencies’ Roles in Financial Literacy (Follow-Up)
… Objective To assess the extent of implementation of the five recommendations included in our initial audit report, Selected State Agencies’ Roles …
https://www.osc.ny.gov/state-agencies/audits/2024/10/23/selected-state-agencies-roles-financial-literacy-followDiNapoli: Numbers of Homeless Population Doubled in New York
… Homelessness in New York state has grown sharply, more than doubling between … rest of the nation. The large spike was driven by New York City and the influx of asylum seekers, but the rest of the …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-numbers-homeless-population-doubled-new-yorkV.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance
… with a self-balancing set of accounts (real and nominal) for recording cash and other financial resources, which are segregated for the purpose of carrying on specific activities or meeting … ‘owner’ agency of the fund, whether the fund is eligible for Fringe Benefits billing, and whether it is subject to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accountingDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April … today. By March 2022, the city recovered just under 71% of jobs lost, while the rest of New York state has regained 82% of jobs. By April 2022, the United States had regained 95%. The …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceWho to Report – Enhanced Reporting
… has joined the VDC. Employees who meet the criteria for mandatory NYSLRS membership cannot join the VDC once 30 days … does not elect the VDC and they meet the criteria for mandatory NYSLRS membership, or if membership is optional and … – their first date of employment if their membership is mandatory , or the date they joined NYSLRS if their …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/who-to-reportAdministration and Collection of Real Estate Transfer Taxes (Follow-Up)
… counties submitted RETT information in hard copy form (vs. electronic submission) at the time of our audit, of which …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followMember & Retiree E-News Archive — 2024
… Retirement System member and retiree news. December 2024 Members Now Scheduling In-Person Consultations in Our … Story Retirement: Myths vs Facts Members Working for a Public Employer While Receiving a NYSLRS Pension Benefit … We Should Be Teaching Financial Literacy in NY's High Schools The 3-Legged Stool Age Milestones for Retirement …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024Existential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… led to a dramatic drop in riders – and ridership revenue – for transit systems across the country. 1 Nevertheless, the … of living in New York City by reducing the need for a vehicle – the City’s car ownership rates are among the lowest for all major metropolitan areas in the country. New York …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaEDSS - Contract Reporter Exemption Request Help
… a last resort if no other documentation can be offered to help demonstrate price reasonableness). A description of the …
https://www.osc.ny.gov/state-agencies/contracts/edss-contract-reporter-exemption-request-helpNew GASB Standards
… 101 – Compensated Absences beginning with the fiscal year 2024-25 annual financial statements. GASBS 101 is an update to GASBS 16 and requires the State to consider other types of … Contract Reviews and Other Implementation Considerations (Video) KPMG Fixed vs. Variable Payments (Video) KPMG …
https://www.osc.ny.gov/state-agencies/guidance/new-gasb-standardsDiNapoli: Homeless Families, Adults Living in Squalid Shelters Due to Oversight Failure
… A state agency’s failure to adequately monitor and inspect … according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The audit found fire … the State. The full audit can be found at www.osc.state.ny.us/audits/allaudits/093016/15s23.pdf … A state agencys …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-homeless-families-adults-living-squalid-shelters-due-oversight-failureOperational Advisory No. 29
… returned and/or need to be reissued from the Comptroller’s Refund Account. The reason for these changes is to increase … and how the check should be reissued is updated to reflect new streamlined business processes. See GFO, Chapter XII.9.G … Check Outreach and Escheatment Office of the New York State Comptroller Website: …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/29-gfo-updates-reissuing-or-cancelling-refund-checkII.4.A Minimum Financial Reporting Requirements – II. New York State Financial Accounting
… Sheet – Governmental Funds (emphasizing major funds) Reconciliation of the Balance Sheet – Governmental Funds to … Balances – Governmental Funds (emphasizing major funds) Reconciliation of the Statement of Revenues, Expenditures, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4a-minimum-financial-reporting-requirementsMaximizing Incentives for Individuals With Disabilities
… Objective To determine whether the Office of Mental Health (OMH) has ensured that State agencies and employment service providers are taking full advantage of the New York Employment Service System (NYESS) and the … with a disability in New York State. The employment rate of working-age adults with a disability was 33% compared to …
https://www.osc.ny.gov/state-agencies/audits/2022/08/30/maximizing-incentives-individuals-disabilitiesAverage Salaries in New York City - 2012
Chart showing average salaries in New York city securities industry vs. all other private sector industries from 1981 - 2011.
https://www.osc.ny.gov/files/reports/osdc/pdf/wall-street-average-salary-2012.pdf