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Fund'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 … returns. Manager selection is a key determinant of returns on actively managed assets. We monitor our managers on an … We consider environmental, social and governance factors in our investment process because they can influence both …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… could impact their long-term financial success and quality of life. There is no question that investing in financial … Commission on Graduation Measures recommended to the Board of Regents that financial literacy should be a graduation requirement. As part of the process to examine New York’s graduation measures, the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… allowable by law. Accelerate Collection and Depositing of Receipts Increasing the frequency of the collection and deposit of receipts will provide a quicker and steadier stream of …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsOpinion 94-27
… non-fronting owners) TOWN LAW, §§200, 202(2): The cost of a road improvement undertaken pursuant to Town Law, §200 may … only against abutting or fronting owners. You ask whether a town may assess the cost of a road improvement under Town … Town Law, §200 authorizes a town board, either upon petition of a prescribed percentage of fronting or abutting …
https://www.osc.ny.gov/legal-opinions/opinion-94-27Comptroller DiNapoli Releases School Audits
… Technology (Monroe County) The school entered into four building leases without any process for determining the fair … data could be improved. Oracle Charter School – School Building Acquisition and Leave Accrual Records (Erie County) … an appropriate process to ensure it obtained a suitable building site at a reasonable cost. The board agreed to an …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases School Audits
… deposited in a timely manner. Auditors determined deposits of 113 collections totaling $914,291 (99 percent of total collections remitted to the business office) were … to checks without overseeing the check signing process. Of the 364 checks reviewed, 353 checks totaling $6.7 million …
https://www.osc.ny.gov/press/releases/2023/02/state-comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases Municipal Audits
… following local government audits have been issued. Town of Brookhaven Local Development Corporation – Project … Court and Trust (2022-C&T-4) Upon receiving notification of the impending review of court and trust funds, the treasurer and county clerk …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-municipal-audits-1DiNapoli Op-Ed in Crain's New York Business
… State Comptroller Thomas P. DiNapoli today on the need for greater transparency and accountability in budgeting for the use of federal relief funds. The full op-ed is below: … in taxes in federal fiscal year 2020. It was true even for New York, which has been among the largest net tax-dollar …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessState Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … not always ensure that purchases were made in compliance with the requirements. Furthermore, the policy did not …
https://www.osc.ny.gov/press/releases/2016/12/state-comptroller-dinapoli-releases-municipal-audits-0CUNY Bulletin No. CU-373
… automatic processing of increments and provide agencies with related instructions. Affected Employees Eligible … Automatic Processing After payroll processing is complete for Pay Period 7C, OSC will automatically apply Increments to … Rate is equal to one of the steps on the Salary Schedule for that position, and the salary is below the ‘Last 1 year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-373-cuny-increment-payments-effective-july-1-2009CUNY Bulletin No. CU-409
… Purpose To explain OSC’s automatic processing of increments and provide agencies with related instructions. … Pursuant to the agreement between the City University of New York and the Professional Staff Congress/CUNY and NYS … employees in grade 980 who are Active or on a Paid Leave of Absence based on the following increment codes and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-409-cuny-increment-payments-effective-july-1-2010State Comptroller DiNapoli Releases Audits
… audits have been issued. New York City Department of Sanitation (DSNY) and New York City Mayor’s Office of Operations – Street and Sidewalk Cleanliness (Follow-Up) … and rating calculations further undermine DSNY’s goal of clean streets and sidewalks. The audit made eight …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-releases-auditsComptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … annual update document with the State Comptroller’s Office for 2010, 2011, 2012 and 2013. Village of Clinton – Financial … records were inaccurate and unreliable. Fund balances for all funds were commingled in the records, making it …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-municipal-audits-0Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … the district has not filed its annual update document with the State Comptroller’s Office for 2010, 2011, 2012 and …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. "By auditing municipal … clerk and surrogate's court were up-to-date and complete, with no material discrepancies. The commissioner established …
https://www.osc.ny.gov/press/releases/2017/12/state-comptroller-dinapoli-releases-municipal-auditsAvailable Options – New Career Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1515/available-optionsAvailable Options – Career Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1642/available-optionsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1513/available-optionsAvailable Options – Police and Fire Plan
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1512/available-optionsAvailable Options – Basic Plan with Increased-Take-Home-Pay (ITHP)
… the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon … for your lifetime. At your death, the unpaid balance of your accumulated annuity savings contributions will be paid to your beneficiary or your estate. If all of your accumulated annuity savings contributions have been …
https://www.osc.ny.gov/retirement/publications/1511/available-options