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NYS Common Retirement Fund Reports Second Quarter Results
… mortgages (24.6 percent), private equity (9.6 percent), real estate and real assets (8.9 percent) and absolute return … 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 March 31. Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… details the differences among the 50 states and what they pay in federal taxes and how much they receive in federal …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsDiNapoli: Local Government Debt Levels Off
… debt. The Rochester City School District fell in second place with $487 million in debt. Worcester Central School District in Otsego County had the highest debt per student at $57,410. Counties … towns followed next with $6.2 billion, or 14 percent. Nassau County had the highest debt of any local government, …
https://www.osc.ny.gov/press/releases/2019/11/dinapoli-local-government-debt-levels-offHow the Program Works – Contribution Stabilization Program
… determines an employer’s annual contribution according to its usual procedures. The CSP does not change these … Employers will see the maximum amount to amortize in their estimated invoice (available in Retirement Online … to pay a graded payment during the next fiscal year. To view reserve account fund balances: Sign in to your …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksState Agencies Bulletin No. 1257
… PayServ users with changes in PayServ resulting from the planned upgrade to PayServ v 9.1. Effective Date(s) … Data and Identity/Diversity tabs. These fields are not required for payroll processing, but may be used by the … 8.9 – A retro request is generated. The retro will calculate zero results. (Employee received paychecks during …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1257-payroll-system-upgrade-changes-payserv-91How Contribution Rates Are Determined – What Every Employer Should Know
… Actuary ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates … or present value of benefits (PVB), based on expected investment earnings and mortality rates. The PVB reflects the amount of money needed in the Fund today to pay benefits in the future. …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedXII.8.F Changes to Vouchers After Submission to OSC – XII. Expenditures
… by ACH, this is the date that funds are made available in the vendor’s bank account, which is two business days …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8f-changes-vouchers-after-submission-oscCollege Readiness
… high school – whether they decide to enroll in college, get a job, pursue a trade, or enlist in the military, for example – and can result in better opportunities and access to careers that … in the high schools in our cohort after that date and were also expected to graduate by August 2019. We looked at how …
https://www.osc.ny.gov/state-agencies/audits/2022/10/04/college-readinessDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… could have ballooned to $1.6 billion in 2026. With new funds made available by the state and city, particularly the … Any additional delay could create a large shortfall in funds for the MTA’s 2020-2024 capital program, delay needed … burden could significantly increase depending on how it funds its next capital program. If the MTA issues the same …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
… State Comptroller Thomas P. DiNapoli along with Attorney … $30,000 in public campaign funds and state grant money. The jury found Wills guilty of one count of a scheme … violation of the public trust. Now, after a conviction by a jury of his peers, Ruben Wills will face the …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeXII.6.P Processing a Payment to a Military Address – XII. Expenditures
… a single payment vendor ID from the Office of the State Comptroller’s Vendor Management Unit. Please refer to Chapter X, Section … mail to military addresses, as outlined on their website . For questions related to processing payments to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6p-processing-payment-military-addressDiNapoli: MTA Budget Gaps Return
… period of financial stability secured by an infusion of state funds last year, the Metropolitan Transportation … the MTA hoped. With farebox and tax revenues down, a pause on congestion pricing and other financial risks, significant … Plan is the projected collection of real estate-related taxes, which are expected to be $790 million lower over the …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnNY State Comptroller DiNapoli Doubles Low Emissions Index Investment to $4 Billion
… Risk at the United Nations announced a $2 billion increase to the New York State Common Retirement Fund's (Fund) low … they're not helping build a decarbonized future, they may get left behind. Our strategy for sustainable, lower carbon … presents to its long-term success," said Hugh Lawson, Global Head of ESG and Impact Investing at GSAM . "The Fund …
https://www.osc.ny.gov/press/releases/2018/01/ny-state-comptroller-dinapoli-doubles-low-emissions-index-investment-4-billionHow to Parse .txt pipe-delimited files using Microsoft Excel
This job aid shows you (a participating organization) how to successfully parse a pipe-delimited .txt file using Microsoft Excel so you can easily interpret NYSLRS outbound files.
https://www.osc.ny.gov/files/retirement/third-party-organizations/pdf/vcdp-parse-outbound-files.pdfNY State Comptroller DiNapoli Calls on Wynn Resorts to Disclose All Political Spending
… City Retirement Systems and Pension Funds, in a derivative lawsuit against certain board members and senior executives … licenses and other potential regulatory sanctions. The lawsuit seeks reform of the company's governance. The New …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-calls-wynn-resorts-disclose-all-political-spendingDiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… funding that, in turn, helped many small businesses manage payroll and operating expenses, pay rent, bolster protective …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicHow is an audit scheduled?
… Most of our audits of local governments are the result of a … analysis of financial and demographic information on file with our office and elsewhere, information gained during … correspondence and other contacts we may have had with local officials, state and federal agencies, citizens …
https://www.osc.ny.gov/local-government/audits/how-audit-scheduledParticipation in the Program – Contribution Stabilization Program
… Joining the Program Employers are eligible to participate in the CSP during a fiscal year in which their graded rate … Albany, NY 12244-0001 If you are both an Employees’ Retirement System (ERS) and Police and Fire Retirement System … payment, and you would not be able to amortize your annual pension contribution unless you elect to participate in the …
https://www.osc.ny.gov/retirement/employers/csp/participation-programDiNapoli: NYC Experiencing Record Job Growth
… force behind employment growth in the state, accounting for nearly three-quarters of the gains since 2009. While job … than in 2009. The leisure and hospitality sector accounted for one-fifth of the gains between 2009 and 2017 (139,400 … in the past two years, the retail sector still accounted for 8 percent of the gains since 2009. The report noted that …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-nyc-experiencing-record-job-growthDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… in the near future.” At the onset of the pandemic, local consumption in New York City fell drastically as shutdowns … is conservative given elevated prices and continued consumption, which show fiscal year-to-date collections … growth rates following the next two fiscal years. Report NYC Taxable Sales and Purchases: Resilient Amid Economic …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strength