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New York State Comptroller DiNapoli and California Controller Yee Urge S.E.C. to Mandate Climate Change Disclosures
… approach to climate change, which includes initiatives to protect our national economy from the impacts … in reported climate-related financial risk. And the Sustainability Accounting Standards Board’s research shows … of the letter issued in early June— coordinated by the sustainability nonprofit, Ceres — we call on the SEC to …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-and-california-controller-yee-urge-sec-mandate-climate-changeNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… Thomas P. DiNapoli. The estimated bonuses paid out on Wall Street are higher than the city’s most recent 15.7% growth … securities industry was 180,000, 5% smaller than 2007 and 10% below its peak in 2000, and largely unchanged from the …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordDiNapoli: New York City Job Growth Continues to Set Records
… New York City has added more than 900,000 jobs over the past … and its 24 percent rate of growth outpaced the nation and New York state, according a report released today by State Comptroller Thomas P. DiNapoli. “New York City’s unemployment rate is at a historic low and …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-new-york-city-job-growth-continues-set-recordsDiNapoli Proposes Reforms to Bolster State's Rainy Day Reserves
… Despite a now decade-long economic expansion in the country, New York still lags behind other states when it comes to its rainy day reserves, according to a report released … Despite a now decadelong economic expansion in the country New York still lags behind other states when it …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-proposes-reforms-bolster-states-rainy-day-reservesMessage from the Comptroller – 2021 Financial Condition Report
… State Fiscal Year (SFY) 2020-21 will long be remembered for the disruption caused by the COVID-19 pandemic and for the resilience demonstrated by New Yorkers in responding to the multitude of challenges. The impact of the economic shutdown on the … State Fiscal Year SFY 202021 will long be remembered for the disruption caused by the COVID19 pandemic and for the …
https://www.osc.ny.gov/reports/finance/2021-fcr/message-comptrollerState Comptroller Thomas P. DiNapoli Statement on Gov. Hochul's State of the State Address
… "Kathy Hochul took over as governor at a time of great challenge in New York state and immediately … competence and more collaborative style. Her State of the State message today continued her thoughtful, … rate continues to fall and the state, with the addition of important federal funding, has a relatively strong fiscal …
https://www.osc.ny.gov/press/releases/2022/01/state-comptroller-thomas-p-dinapoli-statement-gov-hochuls-state-state-addressDiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… A company that was supposed to collect rebates from drug manufacturers on behalf of the New York State Health Insurance Plan (NYSHIP) failed to turn over nearly $1.5 million in … HealthCare to administer the Empire Plan’s prescription drug program. Under the contract, United was responsible for …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysNew York’s Economy and Finances in the COVID-19 Era
… York City. Among the nearly 1.3 million net jobs the State lost from March through August, more than 320,000 were in … and Texas, with total annualized personal income of just under $1.5 trillion. New York State Budget and Spending … Division of the Budget (DOB) has reported that the State had incurred $2.2 billion in CRF-eligible expenses as of June …
https://www.osc.ny.gov/reports/covid-19-september-30-2020New York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2019
… Press Release Message from the Comptroller November 2020 In the wake of the COVID-19 pandemic, New Yorkers have seen how the immense fiscal resources of the federal government … In the wake of the COVID19 pandemic New Yorkers have seen how the immense fiscal resources of the federal government …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2019DiNapoli: Federal Relief Funds Should Have Been Better Targeted to Communities Hardest Hit by COVID-19
… $150 billion federal Coronavirus Relief Fund (CRF) could have been better aimed to the localities, especially New York … that found the communities with high infection rates have spent most of their CRF while other communities with low infection rates at the time the aid was given have not. “The formula used by the federal government to …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-federal-relief-funds-should-have-been-better-targeted-communities-hardest-hit-covid-19DiNapoli: State Pension Fund Will Vote Against Board Members at Corporations With No Women Directors
… with four Fortune 500 companies to formally include gender and racial diversity in their considerations of board … Retirement Fund believe that board diversity, inclusive of gender, race, ethnicity, sexual orientation and gender identity, is an essential measure of sound governance …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-state-pension-fund-will-vote-against-board-members-corporations-no-women-directorsDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… York City’s finances have remained resilient so far during the COVID-19 pandemic, largely as a result of tax revenue from the financial services sector, but the city will face some dire choices in 2021 if the federal … York Citys finances have remained resilient so far during the COVID19 pandemic largely as a result of tax revenue from …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefInvestors Renew Call on Exxon to Address Climate Risk
… the New York State Common Retirement Fund (CRF), and the Church of England investment fund, have again asked … global efforts to mitigate climate change. The CRF and the Church of England filed a similar proposal for consideration … to the Paris Agreement 2 degree scenario." The CRF and the Church of England are currently engaged in ongoing …
https://www.osc.ny.gov/press/releases/2017/02/investors-renew-call-exxon-address-climate-riskXII.6.N Paying the New York Independent Systems Operator – XII. Expenditures
… After the Business Unit establishes the advance account, the Business Unit will use this account to process payments to NYISO. For more information on establishing an advance account, see the Guide to Financial Operations, Chapter VII, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6n-paying-new-york-independent-systems-operatorDiNapoli & Lander’s Proposal Calling on Wells Fargo Board to Report on Efforts to Prevent Discrimination and Harassment Wins Majority Support From Shareholders
… New York State Comptroller Thomas P. DiNapoli and New York City Comptroller Brad Lander called on Wells Fargo & Co.’s … York State Common Retirement Fund (Fund) and the New York City Pension Funds. DiNapoli serves as the trustee of the Fund and Lander serves as fiduciary to the city’s five public pension funds. “Wells Fargo employees are …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-landers-proposal-calling-wells-fargo-board-report-efforts-prevent-discrimination-andCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… year. Then, the Actuary: Determines the employer’s normal contribution Subtracts the value of Group Term Life Insurance (GTLI) from employer’s invoiced contribution (not including payments for deficiency, previous … Determines the employer’s average rate Divides the normal contribution by the billable salary. Determines the …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentSelected Aspects of Supporting Small Businesses
… To determine whether the New York City Department of Small Business Services properly administered the Employee … whether SBS implemented the recommendations in the Small Business First Report. The audit covered the period from July … About the Program The New York City Department of Small Business Services’ (SBS) mission is to help “unlock economic …
https://www.osc.ny.gov/state-agencies/audits/2022/10/20/selected-aspects-supporting-small-businessesHow To Retrieve a .txt file from NYSLRS using the OSC Secure File Transfer Services Interface
This job aid shows you (a participating organization) how to use the OSC Secure File Transfer Services Interface in order to properly retrieve an outbound .txt file from NYSLRS.
https://www.osc.ny.gov/files/retirement/third-party-organizations/pdf/vcdp-retrieve-outbound-files.pdfDiNapoli: CUNY Students Need Better Access to Required Courses to Help Improve Graduation Rates
… “Students who are unable to register for or complete courses needed for their majors may take longer to graduate, … an educational path to many who otherwise couldn’t attend college, but limited options may make it harder to graduate … Lehman College, Hunter College, New York City College of Technology and Queens College. While CUNY officials attribute …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-cuny-students-need-better-access-required-courses-help-improve-graduation-ratesXIII.10.B Refunds Owed to the State by an Employee - Using a Due to State Offset – XIII. Employee Expense Reimbursement
… section provides Online Agencies with information related to refunds owed to the State by an employee using the Due to State Offset functionality in the SFS. Process and … section provides Online Agencies with information related to refunds owed to the State by an employee using the Due to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii10b-refunds-owed-state-employee-using-employee-check