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Opinion 88-53
… This opinion represents the views of the Office of the State Comptroller at the time … vacations pursuant to a collective bargaining agreement is not includable in the calculation of one year final … held that it is the "substance of the transaction, not what the parties may label it" which controls ( Green v Regan …
https://www.osc.ny.gov/legal-opinions/opinion-88-53State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… to $5 billion. The cornerstone of DiNapoli’s plan is the creation of a $2 billion index that will exclude or … with New York state by developing this customized method for reducing their portfolio's carbon emissions in a manner … this shift, but it’s still only the tip of the iceberg of what all institutional investors need to be doing.” Under …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futurePension Contribution Rates to Decrease for Fiscal Year 2015-16
… will decrease by about nine percent from 20.1 percent of payroll to 18.2 percent of payroll. The average contribution rate for the Police and … mortality improvement assumption from Society of Actuaries Scale AA to MP-2014. The recommendation was supported by a …
https://www.osc.ny.gov/press/releases/2014/09/pension-contribution-rates-decrease-fiscal-year-2015-16Pension Funds Break New Ground on Board Diversity
… in their considerations when seeking diverse board candidates. Standard Pacific, a California-based homebuilder, … to adopt more inclusive practices in seeking board candidates.” “Today’s announcement is good news for Monster … “By recognizing the importance of a truly diverse pool of candidates for its Board, Monster is one of a growing number …
https://www.osc.ny.gov/press/releases/2015/04/pension-funds-break-new-ground-board-diversityState Agencies Bulletin No. 1007
… Purpose To notify agencies of the General Checking Account bank change from Bank of America to Key Bank Affected Employees All employees who receive a New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1007-change-bank-new-york-state-employee-payroll-checksDiNapoli & A.G. Schneiderman Announce Arrest of Upstate Woman for Theft of over $67K in NYS Pension Benefits, $19K Welfare Fraud
… New York State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman announced today the unsealing of a five-count indictment charging Tammy Banack, a resident …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-ag-schneiderman-announce-arrest-upstate-woman-theft-over-67k-nys-pension-benefits-19kDiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26
… P. DiNapoli today announced employer contributions rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. Employers’ average contribution rates will increase from 15.2% to 16.5% of payroll for the Employees’ Retirement …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26Opinion 96-4
… sale of village real property may not authorize payment of an amount equal to the purchase price to a third party for … a thirty year period for general village purposes. This is in reply to your request for our opinion concerning the … however, that a municipality may not do indirectly what it cannot do directly (see, e.g., Commco v Amelkin , 62 …
https://www.osc.ny.gov/legal-opinions/opinion-96-4Opinion 90-43
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … member's spouse predeceases him. Subject to any applicable statute of limitations, payments made to children of a … delays in making the appropriate demand ( Central School District No. 2 of Town of Coeymans, et. al v New York State …
https://www.osc.ny.gov/legal-opinions/opinion-90-43Canajoharie Central School District – Financial Condition and Extra-Classroom Activity Fund (2015M-339)
… School District is located in the Towns of Canajoharie, Charleston, Minden, Mohawk, Palatine and Root in Montgomery County and the Towns of Carlisle and Sharon in Schoharie County. The District, which operates three schools with …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/01/canajoharie-central-school-district-financial-condition-and-extraSelected Management and Operations Practices
… electric vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesArchived: Legislative Session 2017–2018
… interest and ethics laws covering local governments in a number of ways including, but not limited to, prohibiting … Chapter 48 of the Laws of 2017 – A.2384 (Abbate) / S.4759 (Golden) – Provides employers with a tailored graded … 303 of the Laws of 2017 – A.8093 (Abbate) / S.6391 (Golden) – Establishes a cap on the amount that certain Tier 6 …
https://www.osc.ny.gov/legislation/archived-legislative-session-2017-2018DiNapoli: Son Left Father’s Body in Morgue to Steal His Pension and Social Security Payments
… P. DiNapoli announced the pending sentencing of a Queens man for concealing his father’s death so he could continue to unlawfully collect pension payments of $7,542 and social … larceny. Bunn has already served six months in federal prison related to his arrest. “Mr. Bunn left his deceased …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-son-left-fathers-body-morgue-steal-his-pension-and-social-security-paymentsPermanent COLA
… A Message from Comptroller Thomas P. DiNapoli In July 2000, the Retirement System was at the forefront of a successful … adjustment (COLA) for retirees. A COLA payment is a change, based on the cost of living index, that … Center. Sincerely, Thomas P. DiNapoli State Comptroller What is COLA? A COLA payment is an adjustment based on the …
https://www.osc.ny.gov/retirement/publications/permanent-colaXVI.3.B Fund Accounting – XVI. Financial Reporting
… Policy References: GASB Codification Section 1300 – Fund Accounting Process and Document Preparation: New York State has three broad fund categories that are further …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3b-fund-accountingDiNapoli Appoints Top Retirement System Staff
… Comptroller and Melanie Whinnery as Deputy Comptroller of the New York State and Local Retirement System (NYSLRS). … are highly experienced government administrators capable of running one of the largest retirement systems in the nation,” DiNapoli …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-appoints-top-retirement-system-staffDiNapoli Praises NYC Comptroller Stringer's City Pension Fund Reforms
… York City Comptroller Scott Stringer is coming out of the gate very strong and doing the right thing for New York … York City Comptroller Scott Stringer is coming out of the gate very strong and doing the right thing for New York Citys …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-praises-nyc-comptroller-stringers-city-pension-fund-reformsArchived: Legislative Session 2021–2022
… the death of an owner as a trigger for dormancy. Data Breach – Signed into law on December 22, 2021 as Chapter … to notify, within 24 hours following the discovery of a data breach or receiving notice of a data breach or network …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022DiNapoli Statement on His Placement Agent Ban Becoming Law
… DiNapoli's legislation to prohibit the use of placement agents or intermediaries by the New York State Common … wrongdoing. It was clear to me that placement agents were corrosive and unnecessary," DiNapoli said. "In April 2009, I banned placement agents, paid intermediaries and registered lobbyists from …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-statement-his-placement-agent-ban-becoming-lawInvestors Ask SEC to Reject Exxon's Attempt to Silence Questions on Climate Change
… plan to block a shareholder proposal for information on how the company will be impacted by public policies seeking to rein in climate change. DiNapoli, as trustee of the New York State Common … effort to reduce emissions and what the company plans to do about it.” Edward Mason, Head of Responsible Investment …
https://www.osc.ny.gov/press/releases/2016/02/investors-ask-sec-reject-exxons-attempt-silence-questions-climate-change