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DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… both of its systems – the Employees’ Retirement System (ERS) and Police and Fire Retirement System (PFRS). The … that have a fiscal year end date of June 30, 2021 and many have already announced intentions to lower their assumed … is the third largest public pension fund in the United States with estimated assets of $268.3 billion as of June 30, …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli's Auditors Halt $25 Million in Suspicious Tax Refunds
… P. DiNapoli announced today his office stopped $25 million in questionable or fraudulent personal income tax refunds … Another 152,000 refunds totaling $134 million are expected to be paid in the coming days. The average state tax refund … their fellow New Yorkers by filing for refunds they are not entitled to. My office is stopping those suspicious …
https://www.osc.ny.gov/press/releases/2016/04/dinapolis-auditors-halt-25-million-suspicious-tax-refundsState Contract and Payment Actions in February
… Education Department $647.5 million in general aid to 242 school districts. Empire State Development Corporation $4.8 … and operating costs for the AIM Photonics facility in Rochester. Gaming Commission $8.4 million to 25 localities …
https://www.osc.ny.gov/press/releases/2023/03/state-contract-and-payment-actions-februaryState Contract and Payment Actions in November
… DiNapoli’s auditors also recovered more than $112,300 from vendors owing debts to the state. Cumulatively, through …
https://www.osc.ny.gov/press/releases/2022/12/state-contract-and-payment-actions-novemberState Contract and Payment Actions in October
… $4.9 million. Auditors also recovered more than $291,000 from vendors owing debts to the state and held more than $1.2 …
https://www.osc.ny.gov/press/releases/2023/12/state-contract-and-payment-actions-octoberState Contract and Payment Actions in May
… for desktop computers, which includes $273,000 to Riomar Group Ventures Inc.; $500,000 for parts and peripherals, …
https://www.osc.ny.gov/press/releases/2023/06/state-contract-and-payment-actions-mayState Contract and Payment Actions in June
… Management $12 million with 59 Maiden Lane Associates LLC for office space in New York County. Office of General … University at Buffalo. $25.8 million with Concrete Applied Technologies Corp. for campus-wide loop road and utility … to MVP Consulting Plus Inc., $1.4 million to Computer Technology Services Inc. and $7.4 million to 26 other …
https://www.osc.ny.gov/press/releases/2022/07/state-contract-and-payment-actions-juneWorld Trade Center Notice for Members and Retirees of the New York State and Local Retirement System (RS6047-N)
For NYSLRS members and retirees involved in the rescue, recovery or cleanup operations of the World Trade Center aftermath.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6047-n.pdfReview of the Financial Plan of the City of New York - August 2019
New York City is currently experiencing the largest and longest job expansion in the post– World War II period.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2020.pdfDiNapoli: MTA Financial Outlook in Precarious Balance
… The Metropolitan Transportation Authority (MTA) has fended … brought on by the COVID-pandemic, but it is not out of the woods yet, according to a report released today by New … Comptroller’s annual report on the MTA’s finances details how the combination of higher spending, the winding down of …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies
… agreements with five portfolio companies during the 2024 proxy season and added $2 billion to the MSCI World … DiNapoli announced today, along with releasing the fourth annual Climate Action Plan Progress Report . “As trustee of the Fund, one of my top …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-ny-pension-fund-reaches-climate-agreements-five-portfolio-companiesDiNapoli: Fast Food Companies Agree to Stronger Supplier Oversight
… that address human rights issues. “A sustainable business model ensures human rights are upheld throughout a supply … Common Retirement Fund, has engaged portfolio companies for several years in an ongoing effort to increase … with other signatories of the United Nations Principles for Responsible Investment, wrote letters to selected …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-fast-food-companies-agree-stronger-supplier-oversightDiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
… expenses were seven times higher in 2022 than in 2021. Market expectations are generally that interest rates will … which could further increase borrowing costs and reduce market activity. However, conditions could change rapidly …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-wall-st-first-half-profits-total-13-billion-down-2022DiNapoli: OTDA Needs to Improve Oversight of Services Provided to Those in Homeless Shelters
… Office of Temporary and Disability Assistance (OTDA) needs to improve its oversight of local departments of social services and homeless shelter providers to make sure those entering the shelters are being set up with a plan to get the services they need and transition to permanent …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-otda-needs-improve-oversight-services-provided-those-homeless-sheltersDiNapoli: New York State Gets 91 Cents for Every Dollar Sent to Washington
… back in federal spending – compared to a national average of nearly $1.22, according to a report released today by … New York ranked 46th in the nation in its balance of payments between the amount it generated in federal taxes and the amount of federal government spending it received. DiNapoli’s report …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-new-york-state-gets-91-cents-every-dollar-sent-washingtonNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… soaring unemployment rates in New York, which peaked at 16.2 percent in April 2020. Since then, New York’s unemployment … affirmatively to questions asking whether he or she: (1) is deaf or has serious difficulty hearing; (2) is blind or … stairs; (5) has difficulty dressing or bathing; or (6) has difficulty doing errands alone. The New York State …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021Historical Employer Contribution Average Rate - 1972-2016
Charts of New York State and Local Retirement System Historical Employer Contribution Average Rate, 1972-2016
https://www.osc.ny.gov/files/press/pdf/employer-contribution-average-rate-1972-2016.pdfHistorical Employer Contribution Average Rate - 1972-2017
Chart of New York State and Local Retirement System Historical Employer Contribution Average Rate, 1972-2017
https://www.osc.ny.gov/files/press/pdf/historical-employer-contribution-average-rate.pdfDiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… FY 2021. The gaps are relatively small as a share of city fund revenues (averaging 4.3 percent), and are manageable …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetDiNapoli: Overtime Costs at State Agencies Reached All-Time High in 2021
… services are provided in a cost-effective manner without excessive use of overtime.” Most of the state’s overtime in … new hiring between Jan. 1, 2012, and Jan. 1, 2021. After a low for this period of roughly 5,700 in 2012, new hires …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-overtime-costs-state-agencies-reached-all-time-high-2021