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State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… today announced the New York State and Local Retirement System (NYSLRS) employer contribution rates for State Fiscal … and a diverse portfolio we have kept the state pension fund strong and one of the best funded in the nation. The …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: Report Finds Persistent Problems at Long Island Power Authority
… previous reforms have not reduced costs for ratepayers and debt levels continue to rise. DiNapoli noted that … borne by LIPA’s ratepayers until the debt is paid off. In 2014, LIPA reported total debt (including UDSA debt) of … Total employee compensation reported by LIPA for 2014 was nearly $7 million. However, over the course of 2014, …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-report-finds-persistent-problems-long-island-power-authorityDiNapoli Releases Analysis of State Financial Plan, Warns of Federal Risks
… New York state is facing signs of increasing fiscal challenges, … budget and tax changes, according to a report on the state's Enacted Budget Financial Plan issued today by New … and individuals who depend on state funding. The General Fund balance as of March 31, 2017 was $7.7 billion, with …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-releases-analysis-state-financial-plan-warns-federal-risksDiNapoli: Inconsistent Oversight and Guidance Left New York’s Group Home Residents at Risk During Pandemic
… the worst waves of COVID-19. The audit noted OPWDD’s stockpile of PPE was exhausted early in the pandemic, and …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-inconsistent-oversight-and-guidance-left-new-yorks-group-home-residents-risk-during-pandemicDiNapoli: NYC Finances Gain Stronger Footing
… executive budget for the fiscal year beginning July 1, 2021 (FY 2022), including a $6 billion increase in spending … to $11.6 billion today. In all, federal aid will make up 16 percent of FY 2021 revenues, twice the level of aid in … savings program is now expected to generate savings of $3.9 billion over fiscal years 2021 and 2022, and an average of …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingThousands of State Computers and Other IT Devices Unaccounted for or Stored With Lax Security
… contain sensitive or confidential information – laptops, hard drives, monitors – in a shared storage area, easily … employees from other agencies, as well as three boxes of hard drives taken from state computers stored behind an ITS …
https://www.osc.ny.gov/press/releases/2025/02/thousands-state-computers-and-other-it-devices-unaccounted-or-stored-lax-securityHandbook for New York State Agencies
Provides specific information for state agencies on how to report unclaimed funds to the state.
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/state-agencies-handbook.pdfXII.6.D Paying a Single Payment Vendor – XII. Expenditures
… informs agencies how to make a payment to a single payment vendor in the Statewide Financial System (SFS). Specific … to the State, and the Office of the State Comptroller’s Vendor Management Unit (VMU) does not maintain their … Therefore, the agency must request a single payment vendor ID from the VMU in order to process a single payment voucher. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6d-paying-single-payment-vendorNYS Comptroller DiNapoli: Wall Street's 2020 Bonuses Rose Amid Volatility
… and Employment, 2001-2020 Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/03/nys-comptroller-dinapoli-wall-streets-2020-bonuses-rose-amid-volatilityDiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… is overseen by the State Comptroller in partnership with the New York State Higher Education Services Corp. … promote transparency in government and provide taxpayers with better access to financial data. … Not only are …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli: DMV Must Do More to Crack Down on Unregistered Auto Repair Shops
… harder to investigate and resolve consumer complaints in a timely manner." Valid registration of repair shops and … criminal activity or operating an auto business engaged in deceptive or fraudulent practices. But the audit revealed DMV has established little in the way of controls to restrict unregistered repair shops …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-dmv-must-do-more-crack-down-unregistered-auto-repair-shopseBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… a priority in constituting its board. Within months of receiving the proposal, eBay increased the number of women on its board and revised its Guidelines to state … Board nominees are chosen.” In its recent announcement of new board directors, eBay highlighted its expected split …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersGraded Rates – Contribution Stabilization Program
… The increase or decrease in the Retirement System graded rates depends on the gap between the System average rate and … Program Graded Rate System Average Rate with GTLI Employees’ Retirement System 2012 15.9 10.5 16.3 2013 18.5 … 15.8 15.1 16.2 2023 11.4 14.1 11.6 2024 12.4 13.1 13.1 2025 14.8 14.1 15.2 Police and Fire Retirement System 2012 …
https://www.osc.ny.gov/retirement/employers/csp/graded-ratesDiNapoli: Mobile Sports Betting Adds to State Revenue, But Calls to Problem Gambling Hotline Rise as Gaming Expansion Continues
… a tax rate of 51% on gross gaming revenues, New York joins Rhode Island and New Hampshire in levying the highest rate in the … commercial casinos to be located in New York City, Long Island, or in the counties of Westchester, Rockland or …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mobile-sports-betting-adds-state-revenue-calls-problem-gambling-hotline-rise-gamingDiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… op-ed, “ A Ticking Clock for Job Benefits ,” was published in The Albany Times Union today, urging the state Legislature … and former employees are mounting. While public employers in New York annually pay contributions to pre-fund pensions, … paying the minimum due on a credit card rather than paying in full or setting up a payment plan to reduce the debt. And …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careOvertime Limits – Enhanced Reporting
… System (ERS) and the Police and Fire Retirement System (PFRS). ERS Overtime Limits PFRS Overtime Limits At the beginning of each calendar year, … capping feature depending on: Whether you report ERS or PFRS members; and When you began submitting reports using …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsDiNapoli: NYC Immigrant Workforce Below 2015 Peak
… immigrant workers,” DiNapoli said. “Many industries rely on foreign-born workers to keep businesses going, but we’ve … was implemented. As a result, there was a 165% increase in immigrants living in New York City being sent back to the … work authorization. The state Department of Labor improve how it evaluates and reports which employers hire asylum …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-nyc-immigrant-workforce-below-2015-peakCity of Binghamton - Water System Cybersecurity (2018M-152)
… City officials adequately safeguarded electronic access to the water system. Key Findings City officials did not: Adequately safeguard the electronic access to the water system. Implement a formal … threats. Prevent or monitor public disclosure of information that could jeopardize the water system. …
https://www.osc.ny.gov/local-government/audits/city/2018/11/30/city-binghamton-water-system-cybersecurity-2018m-152State Comptroller DiNapoli Statement on Passage of Legislation Increasing Oversight of Industrial Development Agencies (A.07915/S.05867)
… IDA's in New York's communities seek to generate economic activity and help private businesses … in our state demanded that we come up with better methods to evaluate IDAs and the projects that are receiving tax … IDA project applications and requiring project agreements to include the recapture of benefits if job creation goals …
https://www.osc.ny.gov/press/releases/2015/06/state-comptroller-dinapoli-statement-passage-legislation-increasing-oversight-industrial-developmentNew York State Comptroller Thomas P. DiNapoli Statement on the Governor's Budget Proposal
… budget gap and is contending with a significant jump in Medicaid spending. Notably, the state's fiscal problems … is faced with the challenge of identifying $2.5 billion in realistic, long-term changes by April 1. “The best way to get the state back on solid financial footing is with recurring actions and …
https://www.osc.ny.gov/press/releases/2020/01/new-york-state-comptroller-thomas-p-dinapoli-statement-governors-budget-proposal