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State Pension Fund Adds $30 Million for Investments in New York Companies
… Partners. "This new commitment to Primary Venture Partners for state-based investments will help grow the 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, 80 percent of the cost of benefit payments has been funded by investment …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesMedicaid Program – Improper Medicaid Payments for Outpatient Services Billed as Inpatient Claims
… guidance to assist hospitals in determining when to bill services as inpatient or outpatient likely contributed …
https://www.osc.ny.gov/state-agencies/audits/2023/08/30/medicaid-program-improper-medicaid-payments-outpatient-services-billed-inpatient-claimsMedicaid Program – Improper Fee-for-Service Pharmacy Payments for Recipients With Third-Party Health Insurance
… to pharmacies on behalf of recipients who had third-party insurance and, if so, whether appropriate recoveries were … recipients. Many recipients have other third-party health insurance (TPHI) for pharmacy services in addition to … During the audit period: Gainwell did not bill TPHI carriers for the recovery of over $28.8 million in pharmacy …
https://www.osc.ny.gov/state-agencies/audits/2023/05/11/medicaid-program-improper-fee-service-pharmacy-payments-recipients-third-party-healthDiNapoli: School District Tax Levy Cap Below 2 Percent for Second Straight Year
… with fiscal years starting July 1, 2021, including the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers. … created a financial toolkit containing many resources that can be useful to local officials in the wake of the pandemic. …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-school-district-tax-levy-cap-below-2-percent-second-straight-yearMedicaid Program – Improper Fee-for-Service Payments for Services Covered by Long-Term Care Plans
… Objective The objective of this audit was to determine whether the Department of Health (Department) made improper fee-for-service (FFS) payments for certain services covered by … plans. MLTC plans provide long-term care services, such as home health care, nursing home care, and durable medical …
https://www.osc.ny.gov/state-agencies/audits/2020/01/17/medicaid-program-improper-fee-service-payments-services-covered-long-term-care-plansMedicaid Program – Overpayments for Therapy Services and Prescription Drugs Covered by Medicare
… Health overpaid health care providers’ Medicaid claims for therapy services and prescription drugs that are covered by … to as “dual-eligibles.” The Medicare program covers physical, occupational, and speech therapy services, as well …
https://www.osc.ny.gov/state-agencies/audits/2019/10/30/medicaid-program-overpayments-therapy-services-and-prescription-drugs-covered-medicareDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… Employer contribution rates are determined by investment results over a multi-year period along with numerous other … Integral to the Fund’s strength have been the state and local governments, which consistently pay their … System on behalf of more than one million state and local government employees and retirees and their beneficiaries. It …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… putting some of the funding at risk. Because there is a deadline on using federal COVID-19 funds, delays in … every dollar available for housing needs in our state, particularly those that can help bolster affordable housing. … the completion of projects. The agency’s response is available in the audit. Audit Homes and Community Renewal: …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingDiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government
… Thomas P. DiNapoli today announced his nomination of Nancy G. Groenwegen to the Commission on Ethics and … as counsel to the Comptroller from 2010 to 2019. “Nancy is well known for her integrity and independence,” DiNapoli … at Albany. The public has seven days to comment on the nominee. She will then be presented to the Independent Review …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-governmentDiNapoli Announces Improvements to College Savings Plan to Save Money for College
… Thomas P. DiNapoli announced today. "Now's the time to take advantage of the improvements we're making to New York's 529 College Savings Program," DiNapoli said. … or download the Direct Plan disclosure booklet here or go to: …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-announces-improvements-college-savings-plan-save-money-collegeAdministration of the CityFHEPS Program for Department of Homeless Services Shelter Residents
… Objective To determine whether the New York City Department of Social Services is administering the City Fighting Homelessness and … Homeless Services shelter residents in securing permanent housing. The audit covered the period from July 2019 through …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/administration-cityfheps-program-department-homeless-services-shelter-residentsRFP#0010 – Financial Organization (Trustee) Services for Length of Service Award Programs
… Request for Proposals Issued May 13, 2025 The Office of the State … is seeking Financial Organization (Trustee) Services for Length of Service Award Programs as detailed in the … , in PDF Attachment F , in PDF Forms Only , in MS Word format Responses to Questions Amendment #1 , Issued May …
https://www.osc.ny.gov/procurement/rfp0010DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. (Note: In July 2025, following the annual audit of the Fund's … employees have earned.” The Fund’s long-term expected rate of return is 5.9%. Its annual valuation date is tied to …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25DiNapoli: Five Fortune 500 Companies Reach Agreements on Corporate Political Spending
… companies: Aetna Inc.; Express Scripts Holding Co.; Johnson & Johnson; NextEra Energy Inc.; Nisource Inc.; The Travelers …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-five-fortune-500-companies-reach-agreements-corporate-political-spendingExamination of Penalties and Interest Payments
… late medical and compensation payments to the WCB when insurance carriers exceed the time limits established in the Law for such payments. The WCB may impose a penalty on insurance carriers for reported late payments, and the Law …
https://www.osc.ny.gov/state-agencies/audits/2018/08/01/examination-penalties-and-interest-paymentsWilliamson Central School District – Non-Payroll Disbursements (2021M-58)
… [ read complete report - pdf ] Audit Objective Determine whether Williamson … properly audited and approved, adequately supported and for valid District purposes. Key Findings The Board did not … properly audited and approved, adequately supported and for valid District purposes. The claims auditor did not audit …
https://www.osc.ny.gov/local-government/audits/school-district/2021/07/16/williamson-central-school-district-non-payroll-disbursements-2021m-58State Agencies Bulletin No. 1892
… of this bulletin is to inform agencies of the updated IRS (Internal Revenue Service) tax withholding requirements … Nonresident Aliens Supplemental Wage Withholding Flat Rate Social Security Wage Base Limit Contribution Limits on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1892-summary-tax-related-changes-2021State Agencies Events and Deadlines
… View important dates for events and deadlines for state payroll and financial officers …
https://www.osc.ny.gov/state-agencies/events-and-deadlinesEnvironment, Energy and Agriculture – 2021 Financial Condition Report
… of $276.2 million, New York was the second largest apple producer in the nation. New York was the fourth largest …
https://www.osc.ny.gov/reports/finance/2021-fcr/environment-energy-and-agricultureState Agencies Bulletin No. 2211
… Eligible employees in NS positions where the equated grade does not appear on the Position Data page. Agencies must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2211-april-2024-public-employees-federation-pef-longevity-lump-sum-lls