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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 … a monthly pension payment for the rest of your life. How Defined Benefit Plans Work Defined benefit pension plans, … Retirement Fund. He and his investment staff have worked hard to ensure solid returns for the Fund. As a result, …

https://www.osc.ny.gov/retirement/members/defined-benefit-plan

DiNapoli: Medicaid Billing Errors Cost State More Than $1.5 Billion

The state Department of Health allowed more than $15 billion in improper Medicaid payments over the course of several years due to errors in its billing system and may have exposed patients to unqualified and uncredentialed health care providers

https://www.osc.ny.gov/press/releases/2021/08/dinapoli-medicaid-billing-errors-cost-state-more-15-billion

Controls Over CUNY Fully Integrated Resources and Services Tool

… controls access to the CUNY Fully Integrated Resources and Services Tool system (CUNYfirst) and whether CUNY adequately measured if users’ needs were … CUNY’s Financial Management, Human Capital Management, and Campus Solutions applications, is an Enterprise Resource …

https://www.osc.ny.gov/state-agencies/audits/2016/09/02/controls-over-cuny-fully-integrated-resources-and-services-tool

State Comptroller DiNapoli Releases Audits

… plan. The remaining $877,000 was improperly paid because, at the time eMedNY adjudicated the claim, the recipient was not enrolled in MLTC, but was retroactively enrolled at a later date. In a follow-up, auditors found DOH made some … even lacks the equipment necessary to do so. Orders are, at times, ambiguous and lack time frames for completion, …

https://www.osc.ny.gov/press/releases/2021/09/state-comptroller-dinapoli-releases-audits

State Comptroller DiNapoli Releases Audits

… York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued. Department of Agriculture and Markets: Oversight of the Farm-to-School Program (2020-S-9) The department needs to improve monitoring of both program … York State Comptroller Thomas P DiNapoli announced today the following audits have been issued …

https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-audits

DiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain

… at $4.4 billion entering FY 2025. FY 2024 was the second year the city expended more than it realized in … was needed to manage the asylum seeker influx through FY 2027, part of which has been managed with … the asylum seeker influx. The city implemented the first round but tapered the January round and canceled the April …

https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remain

DiNapoli: MTA Fiscal Outlook Continues To Improve but Uncertainties Tied to Federal Actions Cloud Future

… several budget risks, it has been able to reduce the size of outyear gaps over the past year, but it still … MTA had committed $9 billion to capital needs, nearly on pace to reach its annual capital commitment target for the … extending the Second Avenue Subway and the MTA looks on pace to reach its goal of committing $12.6 billion this year. …

https://www.osc.ny.gov/press/releases/2025/10/dinapoli-mta-fiscal-outlook-continues-improve-uncertainties-tied-federal-actions-cloud-future

DiNapoli Report Examines Post-COVID Trends in New York's Aging Prison Population

… changes, such as Raise the Age, limits on pre-trial detention, limits on parole revocations, and the legalization … in prison who have serious medical conditions and pose no reasonable danger to society. DOCCS’ most recent annual … (terminal or significantly incapacitated) that they pose no reasonable danger to society. Other initiatives have been …

https://www.osc.ny.gov/press/releases/2026/02/dinapoli-report-examines-post-covid-trends-new-yorks-aging-prison-population