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DiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionSubway Wait Assessment
… Objective To determine whether Wait Assessment performance measurements reported to the Metropolitan Transportation Authority (MTA) Board and customers are accurate and consistently calculated. The … understand. In September 2017, Transit introduced the new metrics: Additional Platform Time, the average time that …
https://www.osc.ny.gov/state-agencies/audits/2020/09/03/subway-wait-assessmentDiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances
… in its economic and financial outlook, should develop a comprehensive plan to lay out its options before resorting … in order to identify if and when deficit financing is truly needed. Washington, for its part, can, and must, … to New York state will also have considerable influence on what state aid will be available for the city. Federal …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-nyc-needs-develop-comprehensive-plan-manage-pandemic-battered-financesLicensing and Monitoring of Proprietary Schools
… Bureau of Proprietary School Supervision (Bureau) is verifying that schools have sufficient resources prior to initial licensing; and whether the Bureau is adequately monitoring schools and utilizing its database … of the Commissioner of Education (Regulations), it has the authority to impose sanctions, such as probation, …
https://www.osc.ny.gov/state-agencies/audits/2021/01/21/licensing-and-monitoring-proprietary-schoolsUnited HealthCare – Overpayments for Services Provided by Orthopedic Associates of Long Island
… Purpose To determine whether Orthopedic Associates of Long Island, LLP waived Empire Plan members’ out-of-pocket costs, and if so, to quantify the overpayments made … primary health benefits plan for NYSHIP, covering a range of services from inpatient hospital care to outpatient …
https://www.osc.ny.gov/state-agencies/audits/2016/05/05/united-healthcare-overpayments-services-provided-orthopedic-associates-long-islandOpinion 96-20
… that bear on the issues discussed in the opinion. POLICE AND POLICE PROTECTION -- Police Department (abolishment in village) REFERENDUM -- Permissive … police department must be given to the Commissioner of the New York State Department of Criminal Justice Services within …
https://www.osc.ny.gov/legal-opinions/opinion-96-20Opinion 2004-6
… (services by an historical society for use of village building) VILLAGE LAW §1-102(1); STATE CONSTITUTION, ARTICLE … historical society to use an unneeded portion of a village building without consideration. A village may, however, enter …
https://www.osc.ny.gov/legal-opinions/opinion-2004-6Opinion 89-33
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … of appointive village officers and employees for services may be paid without prior audit by the board of … on an itemized statement from the employee detailing what services were rendered and the time spent rendering each …
https://www.osc.ny.gov/legal-opinions/opinion-89-33Opinion 88-70
… to improve the city water or sewer systems. However, bond resolutions or expenditures from capital reserve funds in connection with the improvements may be subject to … adopt a local law requiring that, with two exceptions, all bond resolutions or those bond resolutions authorizing the …
https://www.osc.ny.gov/legal-opinions/opinion-88-70DiNapoli: NYC Tourism Approaches Full Recovery, Still Top Major U.S. Tourist Destination
… levels and welcome a record 68 million visitors by 2025. “The number of tourists is nearly back to pre-pandemic … spent over $48 billion in 2023, up 1.3% over 2019, as prices have risen over that time, including average daily … down with over 39 million overnight visitors projected in 2025, compared to Las Vegas and Los Angeles at just over 29 …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-nyc-tourism-approaches-full-recovery-still-top-major-us-tourist-destinationDiNapoli: Former West Carthage Housing Authority Executive Director and Mother Arrested
… for allegedly stealing over $48,000 in WCHA funds, and Katherine (Katie) Pais, Hoffman’s mother and former WCHA … aiding in and concealing the scheme. “Jan Hoffman and Katherine Pais allegedly took advantage of their positions … for allegedly stealing over $48000 in WCHA funds and Katherine Katie Pais Hoffmans mother and former WCHA …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-former-west-carthage-housing-authority-executive-director-and-mother-arrestedDiNapoli: More State Involvement Needed to Address Local Emergency Medical Services Challenges
… may be funded by local governments, users of the service, insurance, or a combination of these and other revenue … The number of active EMS practitioners has fallen in recent years. In 2019, the state (including New York City) … as ambulance response times, dropped calls, reliance on mutual aid, compliance with licensing and credentialing …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-more-state-involvement-needed-address-local-emergency-medical-services-challengesDiNapoli: NYC IDA Needs To Improve Its Administration of Business Tax Breaks and Monitoring of Job Creation
… continuing for up to 30 years. Companies have to show why they would not be able to execute their business plans … be created or retained because of the breaks. In 21 of the 23 successful applications that auditors sampled, NYCIDA did … was a continuation of previous benefit awards. NYCIDA is supposed to conduct a feasibility analysis for businesses’ …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-nyc-ida-needs-improve-its-administration-business-tax-breaks-and-monitoring-job-creationOversight of Child Protective Services (Follow-Up)
… Objective To assess the extent of implementation of the three … imminent danger of impairment because of the failure of a parent or person legally responsible to exercise a minimum … basis; however, officials had not yet developed a plan on how to do so. Further, closure codes for non-report calls …
https://www.osc.ny.gov/state-agencies/audits/2024/09/06/oversight-child-protective-services-followOversight of Juvenile Detention Facilities (Outside New York City)
… Objective To determine whether the Office of Children and Family … facilities for youth placed in local detention facilities to ensure they meet State regulations for the health and …
https://www.osc.ny.gov/state-agencies/audits/2024/10/21/oversight-juvenile-detention-facilities-outside-new-york-cityNew Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade
… devastating health, economic and social consequences. In New York, the pandemic and ensuing economic shutdown produced … like food and housing. Since 2014, poverty rates in New York have surpassed the national average. In 2021, the …
https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decadeDiNapoli: Homeless Families, Adults Living in Squalid Shelters Due to Oversight Failure
… A state agency’s failure to adequately monitor and inspect homeless shelters allowed violations and squalid living conditions to go unchecked, according to an audit released today by New … lathe and drywall, and peeling paint; A high-rise facility where two of three elevators were out of service; Worn and …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-homeless-families-adults-living-squalid-shelters-due-oversight-failureState Agencies Bulletin No. 1668
… as income on the employee’s 2018 Form W-2 using Earnings Code PEV ( P ersonal E mployer V ehicle). Agency Actions … method is the most restrictive and cannot be used if the fair market value exceeds set amounts in the year the vehicle … is not considered salary for the purposes of computing retirement benefits. Employee’s Paycheck/Advice Earnings Code …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1668-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 1764
… to Inactive during 2019 will have their Form W-2 grossed up. OSC will include the taxable value on the employee’s Form …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1764-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 1591
… designated by the head of the agency, who attests that the valuation is, to the best of their knowledge, true and … vehicle itself, such as the make, model and Kelley Blue Book Value, should be provided by the Agency Vehicle … vehicle. Agencies must review and approve the valuation method chosen to ensure that the State of New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1591-procedures-reporting-taxable-value-personal-use-employer-provided