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Update Your Contact Information
… you must submit a change of address directly to us . This is especially important if you are a retiree receiving your … to Update Your Contact Information Retirement Online is the fast and convenient way to view and update your … in Retirement Online or when your Member Annual Statement is available online in May. Sign in to Retirement Online. …
https://www.osc.ny.gov/retirement/update-your-contact-informationDiNapoli: New York State Common Retirement Fund Reaches Agreements with Companies on Disclosing Political Spending
… are Fund portfolio companies. “America’s political system is so deeply divided that it is questionable whether it makes sense for corporations to … has urged companies to consider whether political spending is ever in the long-term interest of shareholders. …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-state-common-retirement-fund-reaches-agreements-companies-disclosing-politicalService Credit for Tiers 2 through 6
… credit for which you may be eligible. Remember, our staff is available to help you and answer your questions. … Sincerely, Thomas P. DiNapoli State Comptroller What is Service Credit? Service credit is a core component of your New York State and Local …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6IV.4.D Debt Service – IV. Accounting Codes - Uses and Descriptions
… Debt service includes the payment of principal and interest on long-term debt and payments on certain lease/purchase or contractual … Debt service includes the payment of principal and interest on longterm debt and payments on certain leasepurchase or contractual …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv4d-debt-service-1Existential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
The pandemic caused a dramatic drop in riders and ridership revenue for transit systems across the country, and the MTA was hit particularly hard.
https://www.osc.ny.gov/files/reports/osdc/pdf/mta-fiscal-pressures.pdfDiNapoli: New York's Labor Force Decreased Sharply During the Pandemic and Remains Below Pre-Pandemic Peak
… New York’s participation rate was 59%, almost 3 percentage points lower than the rest of the nation. “New York’s labor … unemployment rate was 9.9% in 2020, nearly two percentage points higher than the rest of the nation. By 2021, the … 22.1% of the population in 2021, nearly five percentage points higher than in 2011. Similarly, the number of workers …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-new-yorks-labor-force-decreased-sharply-during-pandemic-and-remains-below-pre-pandemic-peakLocal Government – 2022 Financial Condition Report
… Local Revenue Sources Remained Fairly Stable Real property tax revenues were mostly unaffected by COVID-19 in local … source for counties (33.6 percent in LFY 2020). Property Tax – Allowable Levy Growth Is Increasing Again After a Decline Generally, the property tax cap limits levy increases to the lesser of 2 percent or …
https://www.osc.ny.gov/reports/finance/2022-fcr/local-governmentAudit of the Tuition Reimbursement Account for the Three Fiscal Years Ended March 31, 2013
… Purpose To express an opinion on the fair presentation of the … tuition refund. Students in such schools are also eligible to have their student loans repaid by the Department. Chapter … Tuition Reimbursement Account Special Revenue Fund (TRA), to protect the financial interests of these students. Chapter …
https://www.osc.ny.gov/state-agencies/audits/2014/07/24/audit-tuition-reimbursement-account-three-fiscal-years-ended-march-31-2013Rockland County – Budget Review (B6-13-22)
… year are reasonable. Background The County of Rockland is authorized to issue debt totaling $96,000,000 to liquidate … deficit. The residential energy tax revenue estimate is overly optimistic given the amount collected in 2013. The … could experience potential revenue shortfall if the budget is not adjusted. Issuing serial bonds to cover the costs of …
https://www.osc.ny.gov/local-government/audits/county/2013/11/25/rockland-county-budget-review-b6-13-22Responsibility for IT Internal Controls – Information Technology Governance
… governing boards fulfill their oversight responsibilities is by asking questions related to controls over IT systems … head(s) or an IT vendor. Asking the right questions is not only an effective way to exercise oversight, it can be … access and use, which could be very expensive. It is understandable that someone with little or no IT knowledge …
https://www.osc.ny.gov/local-government/publications/it-governance/responsibility-it-internal-controlsIT Asset Management (2022-MS-2)
… adequate controls to safeguard IT assets. We selected 1,155 IT assets to confirm they were inventoried; 945 of … to protect IT assets from damage. Costs for nearly 75,400 IT assets and acquisition dates for approximately …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/it-asset-management-2022-ms-2Disability Retirement – When Employees Retire
… A disability application can be filed by the employee or someone authorized to file on the employee’s behalf. For example, the employee’s attorney, a … and Disbursements Bureau) Mail to: NYSLRS Disability Services Bureau 110 State Street Albany, NY 12244-0001 We …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirementState Comptroller DiNapoli Calls on Corporations to Disclose Political Spending
… political discourse has magnified significant risks for corporations that contribute to political causes. It … and expenditures (direct and indirect) to any campaign for or against a candidate, or to influence public opinion on … or other third-party groups receiving company money for political activities to report how the funds are being …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-calls-corporations-disclose-political-spendingDiNapoli: New York City Workforce Down Over 19,000, Largest Decline Since Great Recession
… Attrition outpaces hiring among New York City’s municipal workforce, which could have an impact on critical city services and programs, according to a report … Attrition outpaces hiring among New York Citys municipal workforce which could have an impact on critical city services and programs according to a report …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-new-york-city-workforce-down-over-19000-largest-decline-great-recessionState Comptroller Thomas P. DiNapoli Statement on Attorney General's Report on Governor
… "This is a sad day for New York. The Attorney General's report documents … This is a sad day for New York The Attorney Generals report documents …
https://www.osc.ny.gov/press/releases/2021/08/state-comptroller-thomas-p-dinapoli-statement-attorney-generals-report-governorWhat's New
… NAUPA format before and would like to see a preview, it is published on the NAUPA website . After the conversion to … ordinary course of the business, that the property owner is deceased, the holder must attempt to confirm the owner’s … triggering the dormancy under this provision. The property is reportable on the earlier of the starting transaction date …
https://www.osc.ny.gov/unclaimed-funds/reporters/whats-newOrganizational Chart of the Office of the New York State Comptroller
Breaks down the major divisions and their Deputy Comptrollers within the Office of the New York State Comptroller as of September 2020.
https://www.osc.ny.gov/files/about/pdf/org-chart.pdfNYS Common Retirement Fund Reports Second Quarter Results
… Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the … P. DiNapoli. It ended the quarter with an estimated value of $267.8 billion. “Market volatility brought returns down … and risk management that has positioned us as one of the nation’s strongest public pension plans.” The Fund's …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli Announces Change in Leadership of State Pension Fund's Real Estate Advisory Committee
… “My gratitude goes to Comptroller DiNapoli for appointing me to the chairmanship, to the pension fund’s staff and the … to Comptroller DiNapoli for entrusting the chairmanship to me,” Dubin said. “New York state’s pension fund remains one …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-change-leadership-state-pension-funds-real-estate-advisory-committeeNew York’s Labor Force: Assessing 10-Year Trends and Pandemic Setbacks
… A robust labor force is critically important for employers to succeed and grow in New York, and it matters for the … rapidly than the rest of the nation in 2020 and continued to shrink in 2021 when other states recovered. In 2021, the … this period. New York’s workforce decline is due, in part, to population changes as well as a smaller share …
https://www.osc.ny.gov/reports/new-yorks-labor-force-assessing-10-year-trends-and-pandemic-setbacks