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The Big Picture – What Every Employer Should Know
… Fund’s asset growth. Approximately $186.6 billion was paid in benefits from April 1, 2002 through March 31, 2022. How … (As of the April 1, 2022 valuation, we assume a 5.9 percent annual rate of return on our investments.) NYSLRS’ …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureHow Contribution Rates Are Determined – What Every Employer Should Know
… Actuary ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates … First, the Actuary determines the dollar amount needed to pay all current and future benefits (actuarial … for cost-of-living adjustments (COLA) Once future benefits have been projected, the Actuary must discount that cost to …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedHow to Search & Claim Property
… current or former resident of New York, you may have lost money waiting to be claimed. All claims can be filed online within minutes, … An email will be sent to the owner with instructions on how to claim. If You Can’t Locate Your Property If you were …
https://www.osc.ny.gov/unclaimed-funds/claimants/how-search-claim-propertyContact Us
… have a question, contact us by completing the form below. How much is my claim? To protect your privacy and prevent … email. Note that our call center representatives do not have any more information about your claim than what’s … and cannot provide you with the dollar amount. Where do I find my Claim ID? If you submitted your claim: Online : You …
https://www.osc.ny.gov/unclaimed-funds/claimants/contact-usClaims for Deceased Owners and Estates
… of ownership. How to Prove Entitlement ("Who Can Claim") In New York State, the Surrogate's Court in the county where the decedent had their primary residence … what happens to a person's property when the person dies (in other states this may be referred to as Probate Court). If …
https://www.osc.ny.gov/unclaimed-funds/claimants/claims-deceased-owners-and-estatesDiNapoli: Read the Fine Print on Your New Gift Card
… also reminds recipients to spend their new gift cards in a timely manner, otherwise the money could eventually get … to avoid inactivity fees.” Registering a new card, or an old one you recently found, helps to get a replacement card … offering rebates to disclose whether they will be issued in the form of a gift card and whether any fees will apply to …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-read-fine-print-your-new-gift-cardHandbook for Reporters of Unclaimed Funds
… for All Reporters Handbook How to Create a Report of Unclaimed Funds Listing of Newspapers ( PDF ) available for Notice …
https://www.osc.ny.gov/unclaimed-funds/reporters/handbook-reporters-unclaimed-fundsDiNapoli Urges New Yorkers to Spend Holiday Gift Cards
… State Comptroller Thomas P. DiNapoli is urging New Yorkers to spend the gift cards they received this holiday season in … If not, the money could eventually get turned over to the Office of Unclaimed Funds. In the last seven years, … different cards and how they can be used. Gift cards may have other terms and conditions that can decrease the value. …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-urges-new-yorkers-spend-holiday-gift-cardsGlossary
… must be formally appointed by the Court to safeguard these funds until the child becomes 18. Usually, a parent (the … assigned to a specific property held by the Office of Unclaimed Funds and is for our internal use only. Original …
https://www.osc.ny.gov/unclaimed-funds/claimants/glossaryAbout Unclaimed Funds
… the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller. Types of Unclaimed Funds Accounts Bank Accounts – savings, checking …
https://www.osc.ny.gov/unclaimed-funds/resources/about-unclaimed-fundsLocation Service Providers
… claims or returning funds. If you are interested in becoming an “Abandoned Property Location Service Provider” in New York State, or if you have been contacted by someone …
https://www.osc.ny.gov/unclaimed-funds/resources/location-service-providersDiNapoli: Read Fine Print on Your Holiday Gift Cards
… giving of gift cards during the holiday season increasing in popularity, New York State Comptroller Thomas P. DiNapoli … DiNapoli reminds New Yorkers to spend the gift cards in a timely fashion. If not, the money could eventually get … easy to lose track of your gift cards,” DiNapoli said. “In 2020, over $16 million worth of unused gift cards were …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-read-fine-print-your-holiday-gift-cardsSecurity Delivery Instructions
… the proceeds applied to each individual owner and included in your report of abandoned property as cash for fractional … prior to sale. Any reversal of deliveries must be approved in writing by OUF in advance. Physical Certificates (with advanced …
https://www.osc.ny.gov/unclaimed-funds/reporters/security-delivery-instructionsDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… leadership and talents as a skilled investor are reflected in the success of our state’s pension fund,” DiNapoli said. … am grateful for the trust Comptroller DiNapoli has placed in me over the years,” Titarchuk said. “Working with the … to continue our partnership and grow the Fund’s value in the months and years to come.” Titarchuk was born in …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli Urges Consumers to Read the Fine Print on Gift Cards This Holiday Season
… State Comptroller Thomas P. DiNapoli urged New Yorkers to read the fine print on gift cards this holiday season for … gift cards issued by New York corporations are required to be turned over to the Comptroller's office as abandoned … you avoid unnecessary fees and protect your money. If you have old gift cards that you haven’t spent check with my …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-urges-consumers-read-fine-print-gift-cards-holiday-seasonHow to Create a Report of Unclaimed Funds
How to Create a Report of Unclaimed Funds
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/complete-report-handbook.pdfDiNapoli: Remember to Read Fine Print on Gift Cards This Holiday Season
… office as abandoned property after five years of dormancy. In State Fiscal Year 2017-18, more than $11.6 million from … rebates to disclose whether those rebates will be issued in the form of a gift card and whether any fees will apply to … office is currently holding more than $15.5 billion in unclaimed funds from uncashed checks, bank accounts, …
https://www.osc.ny.gov/press/releases/2018/11/dinapoli-remember-read-fine-print-gift-cards-holiday-seasonOpinion 89-9
… or statutory amendments that bear on the issues discussed in the opinion. ABANDONED AND LOST PROPERTY -- Compensation … intestate to the proper party upon affidavit as provided in this section. ABANDONED PROPERTY LAW, §1310: Wages of a … diligent inquiry, do not exceed $10,000 (SCPA, §1310[3]). In addition, subdivision 4 of section 1310 authorizes a …
https://www.osc.ny.gov/legal-opinions/opinion-89-9Overview – What Every Employer Should Know
… year. Annual contribution rates also play a major role in the total amount of your annual payment. The value of the … the employer contribution rates for two fiscal years in the future. Rates are issued in late August/early … those rates and investment returns. Rev. 2/23 1 Updated 9/24 … What every employer should know about NYSLRS what it …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-rates/overviewDo We have Your Money? $230 Million Returned to New York State Residents This Year
… to give it back.” Unclaimed funds is more than $14 billion in lost and forgotten money dating back to the 1940s. The money comes from old bank accounts, utility deposits, uncashed checks, …
https://www.osc.ny.gov/press/releases/2015/07/do-we-have-your-money-230-million-returned-new-york-state-residents-year