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DiNapoli: State Pension Fund Value $194.3 Billion
… New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, … New York State Comptroller Thomas P DiNapoli today announced …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionNYS Common Retirement Fund Reports First Quarter Results
… funds, based on 2018 data, ranked the Fund as the second best funded in the nation. DiNapoli initiated quarterly … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: Number of New Yorkers Going Hungry Increases Despite Improving Economy
… families) unable to get enough food at some point during 2020 through 2022 because they lacked money or other … for the first time in over a decade to 11.2% during 2020 through 2022. “As the COVID pandemic ended, so did many … increased by $506.4 million, or 142%, from Jan. 2020 to Feb. 2023, when supplemental emergency SNAP …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-number-new-yorkers-going-hungry-increases-despite-improving-economyDiNapoli: Priceline Commits to Improve Gender and Racial Diversity on its Board of Directors
… racial diversity among the qualities it will actively seek in its board members. When the Fund filed its request for … board diversity, the company had just one female director. In January, it added a second female director to its now … Retirement Fund is the third largest public pension fund in the United States with estimated assets of $178.3 billion …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-priceline-commits-improve-gender-and-racial-diversity-its-board-directorsDiNapoli: State Budget Boosts Education Aid and Enacts Paid Family Leave but Falls Short on Ethics Reform and Transparency
… includes a $1.4 billion increase in school aid, as well as increases to the minimum wage and phased-in personal income tax cuts for most taxpayers, but adds to state debt and shifts … content. “The creation of a paid family leave program and increases in the state minimum wage will help distribute the …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-state-budget-boosts-education-aid-and-enacts-paid-family-leave-falls-short-ethics-reform-andState Ends 2015-16 Fiscal Year with Strong Cash Position Largely From Temporary Resources
… 2015-16, an increase of 2.8 percent from a year earlier, and ended the SFY $1.9 billion higher than initial projections, largely because of legal settlements and personal income tax (PIT) collections, according to a … 2014-15, significantly less than anticipated in initial and final projections. The General Fund ended the year with a …
https://www.osc.ny.gov/press/releases/2016/05/state-ends-2015-16-fiscal-year-strong-cash-position-largely-temporary-resourcesDiNapoli: Problems Caused by Outdated System Left State's Unemployment Insurance Program Vulnerable to Fraud
… to fraudulent claims and could not account for: The number of claims that were paid to fraudulent claimants … Auditors also found that while DOL repeatedly pointed to identity theft as the major cause of fraud within the … programs, it did not implement a critical system to stop identity theft, a program called ID.me, until February 2021, …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-problems-caused-outdated-system-left-states-unemployment-insurance-program-vulnerable-fraudDiNapoli: NYC Emergency Management Failing to Ensure the City is Prepared for Disasters
… Ten years after Superstorm Sandy devastated the New York City metropolitan area, killing dozens of people and causing billions of dollars in damage, the city needs to be better prepared for another catastrophic event, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-emergency-management-failing-ensure-city-prepared-disastersState Agencies Bulletin No. 2060
… is to reconcile employee Social Security Numbers and names in the NYS payroll system (PayServ) with the Social Security … must reconcile employee Social Security Numbers and names in PayServ with SSA. Internal Revenue Code §6721 imposes a … responsible for the inaccuracy of an employee’s job record in the NYS Payroll System Effective Dates Immediately OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2060-verification-employees-social-security-number-ssn-and-name-be-reportedComplaint Processing
… effective. 1 A truncated case is when an investigation is attempted but is not completed. Key Recommendations Augment …
https://www.osc.ny.gov/state-agencies/audits/2022/10/05/complaint-processingMaximizing Incentives for Individuals With Disabilities
… in poverty than working-age New Yorkers statewide (28% vs. 12%, respectively). The New York Employment Service … about NYESS’ capabilities and benefits so agency officials may educate their employment service providers about NYESS; …
https://www.osc.ny.gov/state-agencies/audits/2022/08/30/maximizing-incentives-individuals-disabilitiesCitywide Payment Services and Standards – Controls Over Payments
… and recording agency. Its mission is to administer the tax and revenue laws of the City of New York fairly, … and improve customer satisfaction. Payments can be made online, in-person, or by mail to a bank lockbox. CPSS … In May 2022, CPSS reports showed $20.6 million in real property tax payments under FAIRTAX (a system to record all …
https://www.osc.ny.gov/state-agencies/audits/2024/08/01/citywide-payment-services-and-standards-controls-over-paymentsDiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
… environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean … environmental and energy purposes that could help lower costs to consumers during New Yorks transition to clean energy …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-federal-funding-uncertainty-jeopardizes-impact-inflation-reduction-act-new-yorkersDiNapoli: State Must Improve Management of Medical Equipment Stockpile After Spending Millions During the COVID-19 Pandemic
… bought hundreds of millions of dollars worth of medical equipment at the onset of the COVID-19 pandemic, including … ventilators and x-ray machines, that now sits unused in storage facilities across the state, missing recommended … the pandemic, New York state quickly purchased medical equipment to address the public health crisis,” DiNapoli …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-must-improve-management-medical-equipment-stockpile-after-spending-millions-duringDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… New York state has appropriated $1.71 billion through State Fiscal year (SFY) 2025 to help counties implement the provisions of the “Raise the Age” (RTA) law enacted in 2017, with $658.8 million disbursed so … New York state has appropriated $171 billion through State …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-report-state-spending-implement-raise-age-lawMaternal Health
… mortality refers to deaths of pregnant persons during pregnancy or within a year from the end of pregnancy. Morbidity refers to having a disease or a symptom … (severe morbidity) is defined as unexpected outcomes of pregnancy, labor, or delivery that result in short- or …
https://www.osc.ny.gov/state-agencies/audits/2024/07/30/maternal-healthDiNapoli: Unsafe Conditions, Questionable Spending Found at Affordable NYC Housing Complexes
… P. DiNapoli. Auditors found broken fire safety doors, mold, collapsed ceilings and pest infestations among other … ceilings and walls caused by severe water damage, black soot, exposed nails, mold and peeling paint were found inside vacant apartments. …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-unsafe-conditions-questionable-spending-found-affordable-nyc-housing-complexesFormer Avon Police Chief Pleads Guilty to Stealing Federal Funds
… Geer violated his oath to protect his community,” said Matthew Miraglia, Special Agent-in-Charge of the FBI’s … under the direction of Special Agent-in-Charge Matthew Miraglia, and the New York State Comptroller’s … Thomas DiNapoli. Sentencing is scheduled for June 5, 2025, at 1:00 p.m. before Judge Wolford. Since taking …
https://www.osc.ny.gov/press/releases/2025/02/former-avon-police-chief-pleads-guilty-stealing-federal-fundsDiNapoli & NYC Make it Easier to Save for College
… New York's 529 College Savings Program's Direct Plan has eliminated the $25 minimum contribution required to open an account in an effort to make the important college savings … New Yorks 529 College Savings Programs Direct Plan has eliminated the $25 minimum …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-nyc-make-it-easier-save-collegeNYS Common Retirement Fund Announces Third Quarter Results
… for the three-month period ending Dec. 31, 2016, with an estimated value of $186 billion, according to New York State … is today – a highly diversified fund with its highest ever estimated value." The CRF's estimated value reflects benefits paid out during the …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-results