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DiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… Total Investments Domestic Equities 22.3% 37.7% Core Fixed Income -0.2% 21.4% Non-US Equities 13.2% 13.1% Private Equity … returns. The long-term expected rate of return, or benchmark, is 7.5 percent, which is the rate that allows the …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionAdequacy of 2021 Budgets - Otsego County (S9-21-15)
… and temporarily or permanently reduce staff positions. In addition, some local officials have decided to delay capital projects, which could result in future delays to other projects to maintain and improve … County (County) is one of the local governments included in our review. The County is located in central New York …
https://www.osc.ny.gov/local-government/audits/county/2021/05/21/adequacy-2021-budgets-otsego-county-s9-21-15Adequacy of 2021 Budgets - Jefferson County (S9-21-2)
… and temporarily or permanently reduce staff positions. In addition, some local officials have decided to delay capital projects, which could result in future delays to other projects to maintain and improve … County (County) is one of the local governments included in our review. The County is located in northern New York …
https://www.osc.ny.gov/local-government/audits/county/2021/05/21/adequacy-2021-budgets-jefferson-county-s9-21-2Village of Rockville Centre – Cash Receipts from Recreational Activities and Information Technology (2013M-63)
… internal controls over IT. We found that copies of back-up data are not stored in a secure off-site location, and the … in the cash receipts process in the recreation center and institute internal controls to ensure proper segregation of … in before collecting cash. Ensure that back-up copies of data are stored at a secure off-site location for retrieval …
https://www.osc.ny.gov/local-government/audits/village/2013/05/31/village-rockville-centre-cash-receipts-recreational-activities-and-informationState Agencies Bulletin No. 1858
… the outreach and escheatment of uncashed payroll checks for calendar year 2019. Affected Employees Employees with one … to OSC by employees will be treated as a written request for reissuance of a payroll check. If responses are received … Funds (OUF) in April of 2021. Effective Dates Effective for payroll checks issued between January 1, 2019 and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1858-outreach-escheatment-2019-uncashed-payroll-checksState Agencies Bulletin No. 2152
… outreach and escheatment of uncashed payroll checks for calendar year 2022. Affected Employees: Employees with one or more uncashed payroll checks originally issued in calendar year 2022 are affected. Background: Abandoned … outreach and escheatment of uncashed payroll checks for calendar year 2022 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2152-outreach-and-escheatment-2022-uncashed-nys-payroll-checksImproper Payments Related to the Medicare Buy-In Program (Follow-Up)
… made in our audit report, Improper Payments Related to the Medicare Buy-In Program ( 2010-S-76 ). Background The federal government established the Medicare buy-in program to assist certain low-income people pay out-of-pocket Medicare expenses. Under the buy-in program, Medicaid pays …
https://www.osc.ny.gov/state-agencies/audits/2014/11/18/improper-payments-related-medicare-buy-program-followSelected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied with … spend between $100 million and $150 million each year on travel expenses. These expenses, which are discretionary and … fuel, and incidental costs such as airline baggage and travel agency fees. The Unified Court System (UCS) spent …
https://www.osc.ny.gov/state-agencies/audits/2013/09/04/selected-employee-travel-expensesCollege of Optometry – Selected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied with … spend between $100 million and $150 million each year on travel expenses. These expenses, which are discretionary and … fuel, and incidental costs such as airline baggage and travel agency fees. As part of a Statewide initiative to …
https://www.osc.ny.gov/state-agencies/audits/2013/02/14/college-optometry-selected-employee-travel-expensesDisposal of Electronic Devices
… approved for sale as surplus equipment by the Department of Agriculture and Markets (Department) through the Office of General Services (OGS) are permanently cleaned of all data, including personal, private and sensitive … approved for sale as surplus equipment by the Department of Agriculture and Markets Department through the Office of …
https://www.osc.ny.gov/state-agencies/audits/2013/04/25/disposal-electronic-devicesNYS Common Retirement Fund Contacts
… Joe T. Dawson, Private Equity [email protected] Michael Federici, Fixed Income [email protected] Elizabeth Gordon, Corporate Governance [email protected] Michael Kelly , Operations [email protected] Michael Lombardi, Credit [email protected] Sylvester …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsMedicaid Overpayments for Medicare Advantage Plan Services (Follow-Up)
… in our initial audit report, Medicaid Overpayments for Medicare Advantage Plan Services (Report 2017-S-46 ). … is generally the secondary payer and reimburses providers for financial balances not covered by the Plan (typically … Department overpaid health care providers’ Medicaid claims for services also covered by Plans. The audit covered the …
https://www.osc.ny.gov/state-agencies/audits/2020/07/01/medicaid-overpayments-medicare-advantage-plan-services-followControls Over Unclaimed Bottle Deposits (Follow-Up)
… of implementation of the five recommendations included in our initial audit report, Controls Over Unclaimed Bottle … containers of less than one gallon of many beverages sold in the State. Consumers may then return their empty beverage … The Department collected $117.7 million and $112.9 million in unclaimed bottle deposits in the State fiscal years ended …
https://www.osc.ny.gov/state-agencies/audits/2019/10/15/controls-over-unclaimed-bottle-deposits-followNYS Common Retirement Fund Announces First Quarter Results
… mortgages (26.7 percent), private equity (7.8 percent), real estate (7 percent), absolute return strategies (3.3 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… mortgages (21.4 percent), private equity (7.6 percent), real estate (6.3 percent), absolute return strategies (3.6 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… mortgages (26.6 percent), private equity (7.9 percent), real estate (6.8 percent), absolute return strategy (3.1 percent) and opportunistic strategy alternatives and real assets (0.6 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… mortgages (26.7 percent), private equity (7.6 percent), real estate (6.9 percent), absolute return strategies (3.2 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
New York State Comptroller Thomas P DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common Retirement Funds Fund request that they increase the use of renewable energy in their operations and supply chain
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyDiNapoli: Pharma Company Agrees To Bar Its Drugs From Use In State Executions
… Comptroller Thomas P. DiNapoli announced that in response to a Common Retirement Fund shareholder resolution, Akorn Pharmaceuticals is taking action to prevent its products from being used in lethal injection … that might have its products on hand for such purposes to return them. The company detailed its new policy in a …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-pharma-company-agrees-bar-its-drugs-use-state-executionsState Comptroller DiNapoli Releases Municipal and School Audits
… The fixed asset report did not contain serial numbers for 435 devices, complete descriptions with the manufacturer’s name for 175 devices and model information for 201 devices. Auditors reviewed 60 IT devices to confirm …
https://www.osc.ny.gov/press/releases/2025/02/state-comptroller-dinapoli-releases-municipal-and-school-audits-0