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What is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from … Risk Investment risk is pooled, so a market downturn does not affect benefits. Employee is responsible for all …
https://www.osc.ny.gov/retirement/members/defined-benefit-planNew York’s Economy and Finances in the COVID-19 Era
… Edition Selected Economic Trends Statewide, 28% of Lost Jobs Have Been Regained Through July; in NYC, 17% While New York State has regained more than one in four of the jobs it lost in March and April, the unprecedented scale of … and April. Through July, the State had regained 548,000 jobs, or 28 percent, as shown below. The COVID-19 recession …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… New York City’s restaurant, retail and recreation (RRR) … on their restaurant, retail and recreation sectors, New York City was hit especially hard,” DiNapoli said. “As … help these businesses keep their doors open.” Currently, New York City’s overall economic recovery continues to lag …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicDiNapoli: New York Can Do More to Enhance Strategies to Lower Suicide Rate
… Counties across New York aren’t getting the timely data they need to help them prevent suicides, according to an audit released … today by State Comptroller Thomas P. DiNapoli. While the Office of Mental Health (OMH) has implemented or … Counties across New York arent getting the timely data they need to help them prevent suicides …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-new-york-can-do-more-enhance-strategies-lower-suicide-rateDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… reviewed documents relating to every new investment that closed during the three-year review period and found that all were approved and closed according to the Fund’s sound policies and legal …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDiNapoli Announces New $7 Million Investment in Northern Ireland
… Bank of Ireland to assist Northern Ireland based SMEs to accelerate growth. “We’re pleased to announce another … positioned to invest throughout Northern Ireland and to accelerate value creation.” “We are very pleased to be …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-announces-new-7-million-investment-northern-irelandDiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… provided critical financial support to New York City Health and Hospitals (H+H), but reliable funding and timely … government sources is needed to keep the largest municipal health system in the country in good fiscal health, according … provided critical financial support to New York City Health and Hospitals but reliable funding and timely payments …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in … to an analysis on the city’s labor force released by New York State Comptroller Thomas P. DiNapoli today. By March … New York City lags behind the rest of the state and nation in …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli: SED Needs To Improve Oversight of School Districts' English Language Learners Programs
… York can do a better job when it comes to helping students who are learning English and close the achievement gaps — … for English learners.” SED data show that, as of August 2022, the four-year dropout rate for ELLs was 16%, … 8% from 2019-20 to 2022-23. Because a high school diploma is a standard requirement for many jobs and higher education …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-sed-needs-improve-oversight-school-districts-english-language-learners-programsNew York’s Economy and Finances in the COVID-19 Era
… 3, 2021 Edition Selected Economic Trends Job Recovery and Unemployment Rates: New York City and New York State Unemployment rates for New York State, New York City and the … Unemployment rates for New York State New York City and the balance of the State …
https://www.osc.ny.gov/reports/covid-19-february-3-2021DiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… Thomas P. DiNapoli released an economic snapshot today of Brooklyn’s Coney Island and Brighton Beach, where the … investments we need to keep up this economic growth going. New York is the greatest city in the world but that doesn't … history,” said State Senator Jessica Scarcella-Spanton, 23 rd SD . “Comptroller DiNapoli’s economic snapshot highlighted …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeDiNapoli Releases Economic Report on the Bronx
… The COVID-19 pandemic hit the Bronx harder than any other borough by several measures, … The COVID19 pandemic hit the Bronx harder than any other borough by several measures …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxThe Concerning Growth of Hate Crime in New York State
… Introduction New York State has seen a concerning surge in reported hate … with the number of incidents increasing by 12.7 percent in 2023 alone. As the number of hate crimes has grown, these … erode the fabric of societal cohesion and inclusivity. 2 New York State’s Hate Crimes Act of 2000 was intended “to …
https://www.osc.ny.gov/reports/concerning-growth-hate-crime-new-york-stateLife Changes: Membership in a Nutshell
… P. DiNapoli I cannot stress enough how important it is for you to know how membership in the New York State and Local Retirement System (NYSLRS) can directly affect your financial future and the future of your loved ones. … Understanding the benefits you are entitled to receive as a NYSLRS member is important …
https://www.osc.ny.gov/retirement/publications/life-changes-membership-nutshellDiNapoli: Finger Lakes Regional Economy Bolstered By Key Industries
… The economy of New York’s Finger Lakes region has been bolstered by recent growth in the technology, health care, agriculture and tourism … The economy of New Yorks Finger Lakes region has been bolstered by recent growth in the technology health care agriculture …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-finger-lakes-regional-economy-bolstered-key-industriesDiNapoli: DEC Needs to Improve Efforts to Control Invasive Species
… and preserve clean water, clean air and the environment." Fishing is severely impacted by invasive species, causing an … year, 80 percent of which affects commercial and sport fishing. Controlling the spread of an established invasive …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-dec-needs-improve-efforts-control-invasive-speciesDiNapoli: Small Business Owners Are Backbone of New York's Economy
… Thomas P. DiNapoli details how vital small businesses are to New York’s economy, generating nearly $1 trillion in … million employees at over 422,000 establishments in 2023, the most recent year for which data is available. New York … owners in New York, state taxes on business income, what the survey describes as unreasonable government …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-small-business-owners-are-backbone-new-yorks-economyEDSS - Revenue Contract / Amendment Help
… What information is required to create a new Revenue Contract / Amendment? The Revenue Contract / Amendment will need to be created in the State Financial System (SFS) first. … In EDSS, you can search by the Audit ID or PeopleSoft ID to locate the Revenue Contract / Amendment. EDSS will pull …
https://www.osc.ny.gov/state-agencies/contracts/edss-revenue-contract-amendment-helpDiNapoli: New York City’s Public Hospitals Need To Do More To Provide Interpretation Services
… and found several issues, from a failure to connect to interpreters to a lack of adequate records when language … service areas. H+H’s policy is that all staff get annual training on providing language services, but it failed to … however, staff were not aware of how many qualified interpreters there were and had no list of who they were. In …
https://www.osc.ny.gov/press/releases/2025/11/dinapoli-new-york-citys-public-hospitals-need-do-more-provide-interpretation-servicesOversight of Sex Offenders Subject to Strict and Intensive Supervision and Treatment (2014-S-50), 90-Day Response
To determine whether the Department of Corrections and Community Supervision (Department) is adequately monitoring and enforcing conditions of Strict and Intens
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2014-14s50-response.pdf