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DiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS). Employers’ average contribution rates for the State Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the Employees’ Retirement System (ERS) and from 27.0% to …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Examination of Official Station Designation
… was to determine if the Department properly designated the official station of a Department employee in calendar years … regulations, travel between an employee’s residence and official station is considered commuting and is not reimbursable. The official station of every employee is designated by the head …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/examination-official-station-designationNYS Common Retirement Fund Announces First Quarter Results
… Fund's (Fund) overall return in the first quarter of the state fiscal year 2017-2018 was 2.9 percent for the period ending June 30, 2017, with an estimated value of $197.1 billion, according to New York State Comptroller … to buoy our investments through the opening months of the state fiscal year," DiNapoli said. "As a long term …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: State Pension Fund Value $206.9 Billion
… York State Common Retirement Fund’s value rose with help from strong markets through most of the fiscal year, which …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionProcurement Practices
… whether the State University of New York – University at Buffalo’s procurement and contracting practices provide … and subsequent information provided by the University at Buffalo through April 5, 2019. About the Program The University at Buffalo (Buffalo) is one of the largest institutions within …
https://www.osc.ny.gov/state-agencies/audits/2019/10/03/procurement-practicesNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2021-22 was 5.82% for the … P. DiNapoli. It ended the quarter with an estimated value of $268.3 billion. “The financial markets remain strong, as … disruptions and unpredictable market swings. We are one of the best funded retirement systems in the nation because …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsVII.10.D Cash Advance Payment Types – VII. State Revenues and Appropriated Loan Receivables
… and implement small dollar payment procedures using one of the following preferred payment methods for small dollar … This section describes the guidelines concerning the use of a cash advance and the required documentation. Petty Cash … Purchase materials, supplies or services where the amount of a single purchase does not exceed $250. Separate invoices …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10d-cash-advance-payment-typesOffice of the State Comptroller Response to Report Issued Today by the Department of Financial Services
… Director Jennifer Freeman made the following statement today: "It's disappointing and shocking that a regulator … Director Jennifer Freeman made the following statement today …
https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-servicesCost-Saving Ideas: Reviewing Your Revenue Collection Process
… which are collected with taxes.) Ensure that the service provider complies with statutory requirements and … taxes or other charges by credit or debit card can enhance customer service and convenience. The governing board may … transaction date, the amount paid, a unique confirmation number and a notice to the taxpayer to print out and retain …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-reviewing-your-revenue-collection-processOxford Academy and Central School District – Transportation Department Purchase and Service Contracts (2023M-2)
… Periodically review work performed by outside vendors on the District’s behalf. District officials agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/09/oxford-academy-and-central-school-district-transportation-departmentTown of Watertown Fire District – Procurement (2022M-155)
… have assurance that goods and services are acquired at the best price and that purchases are being made in the most prudent and economical manner in the best interest of taxpayers. District officials did not: Use a … from five vendors totaling $102,136. Obtain written quotes for 21 purchases of goods and services totaling $77,767. Key …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/11/04/town-watertown-fire-district-procurement-2022m-155Accounts Payable Advisory No. 68
… the contract vendors to ensure the agency receives the best value for moving services. Each agency is required to complete a streamlined bid process, referred to as a “best and final offer” process, from the list of eligible …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/68-monitoring-moving-servicesDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… equities, fixed income, real estate and alternative instruments and has consistently been ranked as one of the …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: State Pension Fund Value $192 Billion
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement … State Comptroller Thomas P DiNapoli today announced that the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionOpinion 2010-2
… In that case, the City of New York was selling two public radio stations. The City's decision to sell the stations to a … it would perpetuate the "unique character and value of the radio stations by providing precisely the same non-commercial … surplus real property. Under the County's Administrative Code, and as stated in the terms and conditions of the …
https://www.osc.ny.gov/legal-opinions/opinion-2010-2State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return … rate for PFRS will increase by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. NYSLRS is made up of … changed. In 2010, he decreased the rate from 8 percent to 7.5 percent, and in 2015 to 7 percent. The median assumed …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredManagement and Control of Overtime Costs (Follow-Up)
To determine the extent of implementation of the three recommendations included in our initial audit report Management and Control of Overtime Costs Report 20
https://www.osc.ny.gov/state-agencies/audits/2014/12/23/management-and-control-overtime-costs-followWayne Central School District – Property Disposal (2021M-161)
… whether Wayne Central School District (District) Board of Education (Board) and District officials disposed of District property in a proper and cost effective manner. … adequate written policies and procedures over disposals of District property. We examined the District’s disposal of …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/wayne-central-school-district-property-disposal-2021m-161Mount Vernon City School District – Procurement of Natural Gas (2019M-91)
… (District) Board and District officials procured natural gas at the most favorable terms and in the best interest of … District Board and District officials procured natural gas at the most favorable terms and in the best interest of …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/15/mount-vernon-city-school-district-procurement-natural-gas-2019m-91DiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… retirees and families who rely on the Fund for financial security," DiNapoli said. "Since Vicki joined us, she has focused her decades of … other achievements, they have integrated environmental, social and governance factors into our investment processes, …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fund