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II.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… and final cash basis financial plans for the fiscal year as well as actual inflows, outflows, and balances stated … cash flows. Taxes are recognized as revenues in the year in which they are earned. Grants, entitlements, and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… footprint analysis of the Fund’s public equity portfolio (16 percent lower overall emissions profile relative to its … as of the March 31, 2018 end of its most recent fiscal year. The Fund holds and invests the assets of the New York …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The return on investments … state pension fund’s diverse investments, it finished the year above our assumed rate of return,” DiNapoli said. … death benefits of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnNYS Common Retirement Fund Reports Estimated First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … holdings have helped make it one of the best-funded public pension funds in the nation and it remains well-positioned to weather …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsService Credit – Divorce and Your Benefits
… receive an additional month of service credit for each year of credited service at retirement, up to a maximum of …
https://www.osc.ny.gov/retirement/members/divorce/service-creditNYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… bid protest decisions and commonly requested data. … NYS Comptroller DiNapoli announced $800 million in investments through the NYS Common Retirement Funds Sustainable Investments and …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsNY State Comptroller DiNapoli Statement on McDonald's Agreement to Tie Executive Compensation to Diversity, Workforce Management
… the following statement today in response to McDonald’s decision to disclose workforce diversity data and tie … inclusion and ensure improved human capital management. As a result of McDonald’s new policy, DiNapoli and the Fund are … follow McDonald's example, particularly those corporations where New York state’s pension fund has filed similar …
https://www.osc.ny.gov/press/releases/2021/02/ny-state-comptroller-dinapoli-statement-mcdonalds-agreement-tie-executive-compensation-diversityCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… average rate divided by the System average rate (not to exceed the System graded rate). Determines the employer’s … rate multiplied by the ratio of the System graded rate to the System average rate, not to exceed the System graded rate) 10.565% Employer’s graded …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentDiNapoli: Binghamton Woman Charged With Stealing Deceased Father-in-Law's Pension Payments
… clothing, making online purchases, and taking out cash from the deceased’s bank account,” DiNapoli said. “Thanks to … LaBarr’s father-in-law, Jack Burnett, retired in 2006 from the Binghamton Housing Authority. Under the pension … have stopped upon his death in December 2020. No one from the family reported his passing. The state retirement …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-binghamton-woman-charged-stealing-deceased-father-laws-pension-paymentsContract Advisory No. 22
… Financial System (SFS) Guidance: The Office of the State Comptroller (OSC) Bureau of Contracts (BOC) is actively …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/22-closed-contracts-statewide-financial-systemNew York State Comptroller DiNapoli: Statement on Arrest of Morris Central School District Official
… investigation by his office, the United States Attorney for the Northern District of New York, the Federal Bureau of … personal shopping,” said DiNapoli. “I thank U.S. Attorney for the Northern District of New York Antoinette T. Bacon and the FBI for their continued partnership in rooting out public …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-arrest-morris-central-school-district-officialDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced he has written to 10 … average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit temperature increases to …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… far into the future but the steps you take now to save for retirement can make a huge difference when that day … Income Not sure how much you’ll need to save for retirement? It’s helpful to look at the other sources of … Top) Why You Should Open a Personal Retirement Savings Account Now Financial experts say you’ll need 70 to 80 …
https://www.osc.ny.gov/retirement/members/saving-for-retirementEmployer Projected Invoice
… in September for budgetary purposes. It approximates next year’s annual invoice. If you have the Billing Security Role, … using your employees’ earnings from the last State fiscal year. Your actual invoice will be based on the employee … worked reported by your organization for the State fiscal year ending March 31, 2025. You will receive an estimated …
https://www.osc.ny.gov/retirement/employers/employer-projected-invoiceDisability Retirement Applications – When Employees Retire
Overview of the disability application review and determination process including how employers file on behalf of employees
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirement-applicationsState Comptroller DiNapoli and Manhattan D.A. Bragg Announce Indictment of Former NYU Director of Finance for $3.5M Fraud
… 57, for orchestrating an approximately $3.5 million 6-year fraud relating to two New York University (“NYU”) …
https://www.osc.ny.gov/press/releases/2022/12/state-comptroller-dinapoli-and-manhattan-da-bragg-announce-indictment-former-nyu-director-finance-35mIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… Program 99999 Fund 70200 Account 58981 Budget Reference Year Current Year Product Code Agency Specific Project ID This field … electronic refunds. Guide to Financial Operations REV. 05/16/2024 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… to soaring unemployment rates in New York, which peaked at 16.2 percent in April 2020. Since then, New York’s … York State Department of Labor reports that for the one-year period between April 2020 and March 2021, unemployment rates for people with disabilities averaged 16.2 percent, an increase of 8.9 percent over the prior year. …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021Law Pertaining to SUNY Police Officers
… Overview 2 A law pertaining to SUNY police officers was enacted on December 18, 2015. … been filed with NYSLRS on or before December 31, 2015. If I switch from the Employees’ Retirement System (ERS) to the … am a current member of ERS and have decided that I do not want to transfer into the PFRS plan, what should I do? We …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersX.7.A Centralized Corporate Customers – X. Guide to Vendor/Customer Management
… sources follow the naming convention of “US_XXXX.” For example: “US_DEFENSE”, “US_HOUSING”, “US_SOC_SECURITY.” Refer …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x7a-centralized-corporate-customers