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2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-corporate-governance-stewardship-report.pdfFacilitated Programs to Assist Small Businesses (2022-N-4)
To determine whether the New York City Department of Small Business Services (SBS) provided available services under programs to small businesses to assist them in obtaining funding for opening, operating, and expanding their businesses. The audit covered the period from July 2019 to November 2023.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2026-22n4.pdfSelected Management and Operations Practices (2020-S-38)
To determine whether the New York Power Authority’s (NYPA) electric vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent of these initiatives could be achieved. We also determined whether NYPA’s EVolve NY program met its initial ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s38.pdfPenn Entertainment and MGM Resorts Letters
I write as Trustee of the New York State Common Retirement Fund (Fund), one of the largest public pension funds in the United States, which holds and invests the assets of the New York State and Local Retirement System on behalf of its 1.2 million members, retirees, and beneficiaries.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/penn-entertainment-mgm-resorts-letters.pdfLimitations – Career Plan
… Tier 1 If your date of membership is June 17, 1971, or later, the wages in any 12-month period used in the …
https://www.osc.ny.gov/retirement/publications/1642/limitationsLimitations – Non-Contributory Plan with Guaranteed Benefits
… exceed the earnings in the preceding 12-month period by more than 20 percent. The amount in excess of 20 percent … FAS period exceed the average of the previous two years by more than 20 percent, the amount in excess of 20 percent … FAS period exceed the average of the previous two years by more than 20 percent, the amount in excess of 20 percent …
https://www.osc.ny.gov/retirement/publications/1513/limitationsLimitations – Basic Plan with Increased-Take-Home-Pay (ITHP)
… calculation if: Your date of membership is before April 1, 1972, and Your FAS is based on the 36 months of earnings …
https://www.osc.ny.gov/retirement/publications/1511/limitationsLimitations – Regional State Park Police Plan
… Tier 1 If your date of membership is June 17, 1971, or later, … vacation is not included in the calculation of your FAS. Tier 5 If the earnings in any year included in the FAS period … limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year included in the FAS period …
https://www.osc.ny.gov/retirement/publications/1867/limitationsLimitations – Forest Rangers Plan
… Tier 1 If your date of membership is June 17, 1971, or later, … vacation is not included in the calculation of your FAS. Tier 5 If the earnings in any year included in the FAS period … is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year included in the FAS period …
https://www.osc.ny.gov/retirement/publications/1864/limitationsLimitations – New Career Plan
… of membership is June 17, 1971, or later, the wages in any 12-month period used in the FAS calculation cannot exceed … in the preceding 12-month period by more than 20 percent. Any amount in excess of 20 percent is excluded from the … your date of retirement. Tiers 2 and 3 If the earnings in any year included in the FAS period exceed the average of the …
https://www.osc.ny.gov/retirement/publications/1515/limitationsLimitations – Police and Fire Plan
… FAS. Also, payment for up to 30 days of accumulated unused vacation will be included in your FAS calculation if: Your … from the computation of your FAS. Payment for accumulated vacation is not included in the calculation of your FAS. Tier … from the computation of your FAS. Payment for accumulated vacation is not included in the calculation of your FAS, and …
https://www.osc.ny.gov/retirement/publications/1512/limitationsLimitations – State University Police Plan
… Tier 1 If your date of membership is June 17, 1971, or later, … vacation is not included in the calculation of your FAS. Tier 5 If the earnings in any year included in the FAS period … is limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year included in the FAS period …
https://www.osc.ny.gov/retirement/publications/1823/limitationsLimitations – En-Con Police Officers Plan
… Tier 1 If your date of membership is June 17, 1971, or later, … vacation is not included in the calculation of your FAS. Tier 5 If the earnings in any year included in the FAS period … limited to 15 percent of your salary in any given year. Tier 6 If the earnings in any year included in the FAS period …
https://www.osc.ny.gov/retirement/publications/1822/limitationsOverview – State University Police Plan
… is based on your years of credited service and your final average salary (FAS). For Tier 1, 2, 3 and 5 members, … pensionable and cannot be included in the calculation of a final average salary. Please note that overtime work … Retirement System and is includable in the calculation of final average salary, even if the employer is reimbursed by …
https://www.osc.ny.gov/retirement/publications/1823/overviewState Agencies Bulletin No. 868
… To provide agencies with content information for the 2008 Form W-2 Background According to IRS Publication 15, Circular E for 2008, and the Instructions for Form W-2, employers are required to furnish each employee with a Form W-2 Wage and Tax Statement by February 2, 2009. As the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/868-form-w-2-calendar-year-2008Opinion 2000-23
… in the opinion. POLICE AND POLICE PROTECTION -- Police Chief (entitlement to salary increase of additional amount … -- Compensation (entitlement to salary increase by police chief of additional amount received by other than next … is the highest ranking subordinate police officer to the chief and who is a member of a negotiating unit, receives a …
https://www.osc.ny.gov/legal-opinions/opinion-2000-23State Agencies Bulletin No. 702
… The new bargaining unit received a 3% raise on April 1, 2005. The employee’s prior bargaining unit received a 2.75% raise on April 1, 2005. In addition to the raise, the employee received a … that was in effect for the new bargaining unit on April 1, 2005. The new bargaining unit into which the employee is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/702-recalculation-salary-when-there-movement-between-bargaining-unitsMandatory vs. Optional Membership
If you are a permanent fulltime employee of a participating employer you are a mandatory NYSLRS member Other employees have the right to join
https://www.osc.ny.gov/retirement/members/mandatory-vs-optional-membershipPayroll Improvement Project Bulletin No. PIP-012
… effective date : Derived Biweekly earnings (e.g, Location Pay, Geographic Pay, and CUNY Longevity … End Date. The Goal Balance on the Sequence 2 row will be filled in after the checks are confirmed. V 9.2 will pay both …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-012-changes-mid-pay-period-additional-payState Agencies Bulletin No. 1133
… To inform agencies of the content information for the 2011 Form 1042-S. Background According to the IRS Instructions for Form 1042-S, amounts subject to reporting on Form 1042-S are those that are paid to foreign persons … To inform agencies of the content information for the 2011 Form 1042S …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1133-form-1042-s-foreign-persons-us-source-income-subject-withholding