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DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History

… P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated overall investment return … DiNapoli announced that the New York State Common Retirement Funds estimated overall investment return was 3355 percent …

https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-history

Parsons Child and Family Center – Compliance With the Reimbursable Cost Manual

… Fiscal Reporting and Claiming Manual. The audit covered expenses reported on Parsons’ CFR for the fiscal year ended … The ineligible costs included: $188,149 in overstated expenses that resulted from Parsons misreporting revenue that should have been offset against program expenses on the correct CFR line. $46,843 in other than …

https://www.osc.ny.gov/state-agencies/audits/2020/04/24/parsons-child-and-family-center-compliance-reimbursable-cost-manual

Westchester County Chapter NYSARC, Inc. – Compliance With the Reimbursable Cost Manual

… the Reimbursable Cost Manual (RCM). The audit covered expenses reported on WARC’s 2015 and 2016 CFRs for the fiscal year ended June 30, 2016 and certain expenses for the fiscal year ended June 30, 2015. About the … a staff picnic, and a donation; and $317 in overreported expenses. $29,895 in costs not offset by grant revenue …

https://www.osc.ny.gov/state-agencies/audits/2021/09/29/westchester-county-chapter-nysarc-inc-compliance-reimbursable-cost-manual

DiNapoli: State Pension Fund Value $192 Billion

… Fund (Fund) earned an estimated 11.42 percent return on investments in the state fiscal year that ended on March 31, 2017. The Fund has an estimated value of $192 … “New York state’s pension fund is at a record value based on prudent long term asset allocation. We continue to manage …

https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billion

DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return

… P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was 9.51% for the … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the … P DiNapoli today announced that the New York State Common Retirement Funds Fund investment return was 951 for the state …

https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-return

DiNapoli Report Spotlights New York's Veterans

Nearly threequarters of the approximately 890000 veterans living in New York served during wartime including 31 percent in the Vietnam Warera according to a snapshot released today by New York State Comptroller Thomas P DiNapoli

https://www.osc.ny.gov/press/releases/2015/11/dinapoli-report-spotlights-new-yorks-veterans

Anthem Blue Cross – Coordination of Benefits With Medicare

… and their dependents have other insurance coverage in addition to the Empire Plan such as Medicare, the federal … Medicare-related information. Additionally, weaknesses in Anthem’s and Civil Service’s reconciliation of member … for recovery. Key Recommendations Review the $5,259,416 in claims identified in this report as improperly paid and …

https://www.osc.ny.gov/state-agencies/audits/2024/08/19/anthem-blue-cross-coordination-benefits-medicare

Protecting our Elderly Population: Select Elder Care Program Audits (2021-2023)

New York State has the fourth-largest population of older adults in the United States, with over 3.3 million New Yorkers age 65 and older (about 17 percent of the population).

https://www.osc.ny.gov/files/reports/pdf/select-elder-care-program-audits-2021-2023.pdf

DiNapoli: Medicaid Costs for Diabetes Reach $1.2 Billion

… disease. “Millions of New Yorkers suffer from diabetes and the numbers are growing. It is a costly disease to fight … $293.7 million, or 31 percent (13.8 percent, adjusted for medical care cost inflation), to $1.2 billion. Over the same … on recognizing the impact of these disorders from both a medical and an economic standpoint. It is only with …

https://www.osc.ny.gov/press/releases/2015/10/dinapoli-medicaid-costs-diabetes-reach-12-billion

DiNapoli: Former Hempstead School District Official Pleads Guilty to Credit Card Fraud

… Gregg, the former Provisional Supervisor of Facilities for the Hempstead School District, pleaded guilty today at … P. DiNapoli, Richard P. Donoghue, United States Attorney for the Eastern District of New York, William F. Sweeney, … Gregg was authorized to use a school district credit card for purchases for the school district. Instead, Gregg allowed …

https://www.osc.ny.gov/press/releases/2019/09/dinapoli-former-hempstead-school-district-official-pleads-guilty-credit-card-fraud

The Network for Children’s Speech, Occupational & Physical Therapy, LLC – Compliance With the Reimbursable Cost Manual

… special education services through rates set by SED. The reimbursement rates are based on financial information, … CTN reports to SED on its annual CFR. To be eligible for reimbursement, reported costs must comply with RCM … to the costs reported on CTN’s CFRs and to CTN’s tuition reimbursement rates. Remind CTN officials of the pertinent …

https://www.osc.ny.gov/state-agencies/audits/2018/07/03/network-childrens-speech-occupational-physical-therapy-llc-compliance-reimbursable-cost

Alternatives For Children – Compliance With the Reimbursable Cost Manual

… Purpose To determine whether the costs reported by Alternatives For Children (Alternatives) on its … not-for-profit special education provider located in Long Island, New York. Alternatives provides preschool … 2015, Alternatives reported approximately $25.9 million in reimbursable costs on its CFRs for the five rate-based …

https://www.osc.ny.gov/state-agencies/audits/2018/04/05/alternatives-children-compliance-reimbursable-cost-manual

The Alcott School – Compliance With the Reimbursable Cost Manual

… Purpose To determine whether the costs reported by the Alcott School (Alcott) on its … with disabilities who are between three and five years of age. Alcott is reimbursed for preschool special education … $52,442 in personal service costs, which consisted of $49,874 in unsupported staff time, and $2,568 in employee …

https://www.osc.ny.gov/state-agencies/audits/2016/07/25/alcott-school-compliance-reimbursable-cost-manual

Ordinary Disability (Section 362) – Special 20- and 25-Year Plans

… If you are unable to perform your duties because of a permanent physical or mental incapacity, and if you have … be authorized to file on your behalf. For example, your attorney, a power of attorney (POA) , or a court-appointed guardian who …

https://www.osc.ny.gov/retirement/publications/1517/ordinary-disability-section-362

En-Con Police Disability – En-Con Police Officers Plan

… Department of Environmental Conservation’s Division of Law Enforcement.) In the service upon which your membership … whichever is later. You must also select an option for the payment of your disability benefits . Filing You, your …

https://www.osc.ny.gov/retirement/publications/1822/en-con-police-disability

Buffalo Hearing & Speech Center, Inc. – Compliance With the Reimbursable Cost Manual

… Objective To determine whether the costs and revenues reported by Buffalo Hearing & Speech Center, Inc. (Center) on its Consolidated Fiscal Report (CFR) …

https://www.osc.ny.gov/state-agencies/audits/2021/05/27/buffalo-hearing-speech-center-inc-compliance-reimbursable-cost-manual

DiNapoli Announces Improvements to College Savings Plan to Save Money for College

… announced today. "Now's the time to take advantage of the improvements we're making to New York's 529 College … DiNapoli said. "We're making it easier for New Yorkers of all income levels to invest in their loved one's future, … for day-to-day operations of the Direct Plan . The Vanguard Group Inc., serves as the investment manager. …

https://www.osc.ny.gov/press/releases/2017/09/dinapoli-announces-improvements-college-savings-plan-save-money-college

Member & Retiree E-News Archive — 2024

… Sign up to make sure you receive the latest Retirement System member and retiree news. December 2024 … 2024 Featured Story Retirement: Myths vs Facts Members Working for a Public Employer While Receiving a NYSLRS … Members PFRS Milestones ERS Milestones Retirees Working After Retirement: Retiree Earnings Limit Power of Attorney …

https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024