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NY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (the Fund), today announced that he has … … New York State Comptroller DiNapoli trustee of the NYS Common Retirement Fund has written to fellow Wells Fargo …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: Lockport Facing Severe Cash Flow Problems
… Thomas P. DiNapoli. The city’s financial troubles stem from poor record keeping and a reliance on fund balance to … finances immediately and create a multiyear financial plan with budgets that only spend what the city takes in.” A … audit of the city’s 2013 financial statements is months from completion. In October 2013, the city issued a $2.7 …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-lockport-facing-severe-cash-flow-problemsDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… help diversify the Fund’s investments and expand its pool of investors. DiNapoli made the announcement at the Fund’s … access to investment opportunities and broadens the pool of talented investment managers who want to do business with … the Fund’s overall investment strategy on behalf of the more than one million members and beneficiaries of the …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programEmployer Projected Invoice
… Overview Your projected invoice is provided in September for budgetary purposes. It approximates next year’s annual … is available in Retirement Online . Please do not send payment for your projected invoice. The amounts shown are … salary from the last fiscal year by the Projection Factor. Plan Rate Plan Rates, often referred to as employer …
https://www.osc.ny.gov/retirement/employers/employer-projected-invoiceVI.4 Reappropriations Overview – VI. Budgets
… is a legislative enactment that continues all or part of the undisbursed balance of an appropriation that would otherwise lapse. A … against which obligations can no longer be incurred nor payments made In most cases, when the legislature enacts an …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi4-reappropriations-overviewDiNapoli: Waiving Waiting Period for Public Workers' Retirement Protects Families During Pandemic Crisis
… 15-day waiting period before a public employee’s service retirement can take effect. DiNapoli requested the Executive … who may lose a loved one to COVID-19 before their service retirement can be made official. The Executive Order applies to member of the New York State and Local Retirement System. “Many government workers are on the front …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-waiving-waiting-period-public-workers-retirement-protects-families-during-pandemic-crisisNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s Office is committed to keeping New … below provides figures on average balances and delinquency rates for student loan borrowers in New York and other … on federal student loans” directed by the CARES Act. A survey by the Pew Charitable Trusts, conducted in late summer …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New NY Broadband Program (Follow-Up)
… recommendations included in our initial audit report, New NY Broadband Program (Report 2020-S-19 ). About the Program Broadband is a critical aspect of … matching investments of $235 million, bringing the total investment to $735 million. In total, BPO made 53 awards to …
https://www.osc.ny.gov/state-agencies/audits/2024/09/25/new-ny-broadband-program-followDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… Employer contribution rates for the New York State and Local Retirement System (NYSLRS) … P. DiNapoli announced today. The average contribution rate for the Employees' Retirement System (ERS) will decrease from … to 15.3 percent of payroll. The average contribution rate for the Police and Fire Retirement System (PFRS) will …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18DiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 … Angeles, Beijing, London, Munich and Sydney. www.autotask.com … The New York State Common Retirement Fund Fund received …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli: Inflation in NYC Metro Area Up 6.1% in March, Growing at Highest Rate in 30 Years
… growth nationally and in other large metro areas, NYC metro area price increases appear poised to outstrip … and public health environment.” Consumer costs in the NYC metro area have grown most steeply for energy, … of transportation, food and housing; Comparisons of the NYC metro area CPI changes to select metro areas across the …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-inflation-nyc-metro-area-march-growing-highest-rate-30-yearsDiNapoli: New York Must Do More To Reduce Maternal Deaths
… Mortality Review Board and a statewide expert work group to improve postpartum care. Better Oversight Needed DOH … in 2018. Auditors reviewed 27 task force, board, and work group recommendations and found that DOH implemented 63% (17) … home model of care and convening a multi-stakeholder group to develop standard guidance about additional …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-new-york-must-do-more-reduce-maternal-deathsWestchester County Sisters Charged With Hiding Their Mother's Death to Steal From Retirement System
… the arrests of Annette Bigelow, 59, and Mary Nash, 58, for allegedly concealing their mother’s death to collect $21,694 in her retirement funds from 2013 to 2015. The two Westchester … taking office in 2007, DiNapoli has committed to fighting public corruption and encourages the public to help fight …
https://www.osc.ny.gov/press/releases/2019/11/westchester-county-sisters-charged-hiding-their-mothers-death-steal-retirement-systemIX.8.D Electronic Refund Payments to the U.S. HHS – IX. Federal Grants
… funds to the US HHS due to: Excessive cash balances on deposit that are not needed for program purposes; Unspent … system. If the award is open in the PMS, and OSC draws on your behalf, this return will be processed through PMS, … a refund check was deposited via Refund of Appropriation (ROA) OR the corresponding chartstring where expenditures have …
https://www.osc.ny.gov/state-agencies/chapter-ix/ix8d-electronic-refund-payments-us-hhsDiNapoli: DEC Needs to Improve Efforts to Control Invasive Species
… and giant hogweed that have established footholds across New York state and threaten native species, agriculture and … efforts include creating and posting required preventive signage in campgrounds and boat launch sites and contracting …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-dec-needs-improve-efforts-control-invasive-speciesOversight of Smart Schools Bond Act Funds
… State voters in November 2014, authorizing the issuance of up to $2 billion in bonds to finance improvements to educational technology and infrastructure for students throughout the State. Under … State University of New York, the Director of the Budget, and the Department’s Commissioner or their representatives. …
https://www.osc.ny.gov/state-agencies/audits/2020/06/10/oversight-smart-schools-bond-act-fundsDespite Progress, Pay Gap for Women Persists
… March is also when “Equal Pay Day,” which represents how many additional months women must work to equal what men … by the U.S. Census Bureau. While this gap has improved from the 1960s, when it was about 60 cents to the dollar, it …
https://www.osc.ny.gov/reports/despite-progress-pay-gap-women-persistsHow to Apply for Exclusion of Sewer Debt from Municipal Debt Limits
How to Apply for Exclusion of Sewer Debt from Municipal Debt Limits
https://www.osc.ny.gov/files/local-government/publications/pdf/12410sewer.pdfThe Big Picture – What Every Employer Should Know
… The Retirement and Social Security Law (RSSL) establishes … future benefits. The difference between these two amounts is spread over the future working lifetimes of active members … approved by the Comptroller. 1 Updated 7/23 Rev. 2/23 … What every employer should know about NYSLRS what it means to …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureeBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… among the qualities its seeks in its board members. When DiNapoli and Trillium filed their proposal, eBay had … diversity and had no stated policy that it made diversity a priority in constituting its board. Within months of … and revised its Guidelines to state that, “When searching for new directors, the Board should actively seek out highly …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-members