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Start Saving for Retirement
… may seem far into the future but the steps you take now to save for retirement can make a huge difference when that … An Important Part of Your Post-Retirement Income Not sure how much you’ll need to save for retirement? It’s helpful to … you get closer to retirement, you should develop a plan to withdraw money from your retirement savings. A withdrawal …
https://www.osc.ny.gov/retirement/members/saving-for-retirementDetermining the Ex-spouse's Share – Divorce and Your Benefits
… According to New York State law, pension benefits earned during a marriage are marital assets subject to equitable distribution in the event of a divorce. A member … does not require use of this formula. There are other ways to distribute pension benefits. Other equitable distribution …
https://www.osc.ny.gov/retirement/members/divorce/determining-ex-spouses-shareComplaint Processing
… For example, CCRB has automated notifications that cases are nearing the statute of limitations. However, given the … that cases approaching the 18-month statute of limitations are identified and prioritized more timely, allowing …
https://www.osc.ny.gov/state-agencies/audits/2022/10/05/complaint-processingNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2020
… a negative balance with the federal government in 2019, no state was a net donor in 2020. Based on federal receipts … by state is not relevant. Such receipts include the deposit of earnings from the Federal Reserve and customs …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2020DiNapoli: State Missing Nearly $2.4 Million in Uncollected Tolls
… The amount of unpaid tolls has risen since the expansion of cashless … tractor trailer is almost five and a half times that of a car. Prior to 2017, only the Henry Hudson Bridge used … cashless tolling, expanded to all nine TBTA crossings the number of unbilled tolls increased dramatically. In the first …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-state-missing-nearly-24-million-uncollected-tollsDiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s … state’s tech sector employment totaled 321,280 jobs in 2021. Growth in the state that year was fueled by New York … in New York City see substantial growth between 2016 and 2021, but the number of businesses also grew. Tech sector …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesResidents of Long-Term Care Facilities Lacking Access to Advocates
… regular access to ombudsman services due to a decline in the number of volunteers and a severe shortage of paid staff, … 30, 2016 to 454 in the FFY ended Sept. 30, 2018. Nearly all complaints – 98 percent – arose from facilities that had … for strengthening the program, and ensuring that all residents and families in New York have access to its …
https://www.osc.ny.gov/press/releases/2019/10/residents-long-term-care-facilities-lacking-access-advocatesDiNapoli: New York State Gets 91 Cents for Every Dollar Sent to Washington
… Comptroller Thomas P. DiNapoli. New York ranked 46th in the nation in its balance of payments between the amount it … New York state generated an estimated $214 billion in all taxes for the federal government, which ranked third … on a per capita basis. Medicaid makes up almost half of all federal spending for such grants; New York’s per capita …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-new-york-state-gets-91-cents-every-dollar-sent-washingtonLong Island Experienced Gains in Farms and Farmland
… to mitigate the effects of extreme weather events and hard to predict changes in seasonal weather patterns. While …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-agriculture-report-reveals-economic-growth-and-challenges-facing-new-york-farms-long-islandDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… Judge Teresa Corrigan to charges of Grand Larceny in the First Degree (a B felony) and Conspiracy in the Fourth … FBI, and New York State Attorney General’s Office all assisted on this case. “Matthew Eckstein brazenly took … victims with a username and password for www.conmacfunding.com to view their account statement and growing account …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeDiNapoli Calls for State Procurement Reform
… Comptroller Thomas P. DiNapoli today proposed changes to the state’s procurement practices in the wake of criminal … to bypass procurement laws and transparency. All contracts for state spending should either be held … Increase transparency. To assure a level playing field for all potential vendors, DiNapoli would require state agencies, …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-calls-state-procurement-reformDiNapoli: NY's Homeownership Rate Lowest in the Nation
… their home, compared to 52% of Asian households, 34% of Black households, and 29% of Hispanic households. The … economic benefits of homeownership. Reducing inequities in real estate practices and boosting homeownership are important …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nys-homeownership-rate-lowest-nationPension Payment Option Election – Divorce and Your Benefits
… At retirement, a member must elect a pension payment option, which determines how the retirement … after their death. Some DROs require the member to elect a pension payment option that provides a continuing benefit to … death. Available options include the Joint Allowance Full (100 percent), Joint Allowance Half (50 percent) or any other …
https://www.osc.ny.gov/retirement/members/divorce/pension-payment-option-election“Nation’s Report Card” Underscores New York’s Need for Academic Recovery
… Center for Education Policy Analysis, Working Paper No. 16-09, July 2018, at … Times Magazine , September 9, 2022, at https://www.nytimes.com/2022/09/08/magazine/covid-aid-schools.html . … The …
https://www.osc.ny.gov/reports/nations-report-card-underscores-new-yorks-need-academic-recoveryDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… Newsday on Monday published an op-ed from New York State Comptroller Thomas P. DiNapoli and New York State … op-ed is below: We should be teaching financial literacy in NY's high schools Financial literacy should be taught in …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsFund's Mission, Values and Investment Philosophy
… We constantly strive to improve the way we work and create new ways to achieve unparalleled results. Fulfillment We feel … markets, we should gain exposure through low-cost, passive strategies. In less efficient markets, we consider active … however, that we should retain flexibility to react to new information and alter the Fund’s portfolios within asset …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyUpdate Your Contact Information
… with NYSLRS. Also, USPS will only forward mail to your new address for a limited time—generally, 12 months. To …
https://www.osc.ny.gov/retirement/update-your-contact-informationNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2019
… By contrast, New York’s per capita estate and gift tax payment of $87 was well over the national average of $49. It … $14 $317 7.1% $16 19 All Other $8,770 $27 $530 6.0% $27 25 Other Safety Net Spending New York receives significant … ttps://trumpwhitehouse.archives.gov/wp-content/uploads/2020/02/objclass_fy21.pdf . Other Beta.sam.gov, Contract Data …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2019DiNapoli Finds State Needs to Do More to Address Nursing Home Pandemic Issues
… The state Department of Health (DOH) has made limited … Our follow-up review shows limited progress in fixing all that went wrong. Much more work must be done to address … significant number of discrepancies, which means that not all publicly reported data is reliable. The reliability of …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-finds-state-needs-do-more-address-nursing-home-pandemic-issuesState Contract and Payment Actions in June
… supplies. Department of Transportation $12 million with DA Collins Construction Co Inc. for bridge rehabilitation at …
https://www.osc.ny.gov/press/releases/2023/07/state-contract-and-payment-actions-june