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NYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … estimated value reflects benefits of $3.52 billion paid out to retirees and beneficiaries during the quarter. Its … assets of the New York State and Local Retirement System on behalf of more than one million state and local government …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsOffice of the State Comptroller Response to Report Issued Today by the Department of Financial Services
… New York State Comptroller Thomas DiNapoli's Communications Director … it was provided to the press. If the agency had reached out to our investment professionals, it would have known the … by what is one of the best managed and best funded public pension funds in the country. We will provide a full response …
https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-servicesAccounts Payable Advisory No. 68
… on the requirements agencies must follow when procuring and paying for moving services from the Office of General … complete a streamlined bid process, referred to as a “best and final offer” process, from the list of eligible … monitoring the move, reviewing the vendor’s invoice, and reviewing certified payroll records. The guidance has …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/68-monitoring-moving-servicesOxford Academy and Central School District – Transportation Department Purchase and Service Contracts (2023M-2)
… charges, totaling $1,891, that did not have enough detail to verify that the parts ordered were used for District …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/09/oxford-academy-and-central-school-district-transportation-departmentTown of Watertown Fire District – Procurement (2022M-155)
… (Board) used a competitive process to procure goods and services not subject to competitive bidding. Key Findings We examined purchases totaling $292,992 and found purchases totaling $179,903 (61 percent) were not … the District’s procurement policy. As a result, the Board and District officials do not have assurance that goods and …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/11/04/town-watertown-fire-district-procurement-2022m-155State Comptroller Thomas P. DiNapoli and Richmond County D.A. Michael E. McMahon: President of Staten Island Special Needs Pre-School and Wife Indicted for Stealing Approximately $771,000 in Public Funds
… State Comptroller Thomas P. DiNapoli and Richmond County … through five years on Staten Island. Throughout the course of the scheme, the defendants diverted public funds to … October 25, 1947 58 Brookwillow Avenue, West Long Branch, NJ Elsie Mosesman D.O.B. October 23, 1946 58 Brookwillow …
https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-thomas-p-dinapoli-and-richmond-county-da-michael-e-mcmahon-president-staten-islandDiNapoli & A.G. Schneiderman Announce Arrest of Upstate Woman for Theft of over $67K in NYS Pension Benefits, $19K Welfare Fraud
… and Local Employees Retirement System to her deceased mother, Rosemary Banack, between January 2010 and July 2015. … of eligibility for Medicaid assistance. "When her mother died, Tammy Banack concealed the death from the New … benefits until the Retirement System discovered her mother’s death in mid-2015. The prosecution also alleges that …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-ag-schneiderman-announce-arrest-upstate-woman-theft-over-67k-nys-pension-benefits-19kComptroller DiNapoli & A.G. Schneiderman Announce Felony Conviction of Upstate Woman for Pension Fraud and Welfare Fraud
… and Attorney General Eric T. Schneiderman announced today the conviction of Tammy Banack, a resident of … by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State … of Investigations, 14th Floor, 110 State St., Albany, NY 12236. … New York State Comptroller Thomas P DiNapoli and …
https://www.osc.ny.gov/press/releases/2017/03/comptroller-dinapoli-ag-schneiderman-announce-felony-conviction-upstate-woman-pension-fraud-andCost-Saving Ideas: Reviewing Your Revenue Collection Process
… board may authorize payments to be made by credit card or electronic funds withdrawal through the municipal website. In addition, … page as a receipt. Enroll in the Electronic Value Transfer Program To the extent permitted by law, your local …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-reviewing-your-revenue-collection-processDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… New York State Comptroller Thomas P. DiNapoli today announced his … the course of two decades she worked in a variety of roles on Wall Street, including emerging markets, interest rates … the best managed and best funded plans in the nation. Find out how your government money is spent at Open Book New York …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: State Pension Fund Value $192 Billion
… Fund (Fund) earned an estimated 11.42 percent return on investments in the state fiscal year that ended on March 31, 2017. The Fund has an estimated value of $192 … “New York state’s pension fund is at a record value based on prudent long term asset allocation. We continue to manage …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionManagement and Control of Overtime Costs (Follow-Up)
… Purpose To determine the extent of implementation of the three recommendations included in … in this review. Other Related Audit/Report of Interest New York City Health and Hospitals Corporation: Management and …
https://www.osc.ny.gov/state-agencies/audits/2014/12/23/management-and-control-overtime-costs-followWayne Central School District – Property Disposal (2021M-161)
… (Board) and District officials disposed of District property in a proper and cost effective manner. Key Findings … written policies and procedures over disposals of District property. We examined the District’s disposal of 15 school … (AEDs) and found District officials disposed of the property without exploring alternative disposal methods. As a …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/wayne-central-school-district-property-disposal-2021m-161Mount Vernon City School District – Procurement of Natural Gas (2019M-91)
… ] Audit Objective Determine whether the Mount Vernon City School District (District) Board and District officials procured … response. … Determine whether the Mount Vernon City School District District Board and District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/15/mount-vernon-city-school-district-procurement-natural-gas-2019m-91Opinion 2010-2
… by town water district) WATER DISTRICTS -- Property (sale of unneeded vehicles) TOWN LAW §§ 198 (8), (12) (a): A … pursuant to a competitive bidding process. The method of sale chosen, however, should be the one that local officials … for the purposes of, the district. The receipts from the sale or lease must be paid to the town supervisor and …
https://www.osc.ny.gov/legal-opinions/opinion-2010-2State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… year, for the past seven years, we’ve been able to lower pension contribution rates or essentially keep them flat,” … on the new rates are due by Feb. 1, 2021, but employers receive a discount if payment is made by Dec. 15, 2020. To read the report , go to: https://osc.state.ny.us/retire/about_us/financial_statements_index.php About the New …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… of the New York State Common Retirement Fund (Fund), will retire this summer after a six-year tenure. "Under … program one of the largest and best in the country. I thank her for her contributions and wish her the best," … support and thoughtfulness have been indispensable. And my colleagues at the Fund have been essential to every …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fundNYS Common Retirement Fund Reports First Quarter Results
… and real assets (8.7 percent) and credit, absolute return strategies and opportunistic alternatives (5.5 percent). The …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsCayuga-Onondaga Board of Cooperative Educational Services - Procurement of Professional Services (2018M-270)
… Determine whether professional services were procured in a manner to ensure the prudent and economical use of public money in the best interests of taxpayers. Key Findings …
https://www.osc.ny.gov/local-government/audits/boces/2019/03/22/cayuga-onondaga-board-cooperative-educational-services-procurement-professionalSelected Aspects of Bus Procurement
… Authority to determine whether it procures buses in a manner which results in the best value for the lowest cost. The audit covered bus … benefit corporation providing transportation services in and around the New York City metropolitan area. The MTA …
https://www.osc.ny.gov/state-agencies/audits/2014/03/03/selected-aspects-bus-procurement