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2024 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/2024-corporate-governance-stewardship-report.pdf2025 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-stewardship-priorities.pdfDiNapoli Releases Report on SFY 2024-25 Financial Plan
… reflect higher economic and employment growth in 2024. For 2025, DOB now projects stronger employment gains both … forecasts an $11.3 billion (10.2%) increase in All Funds tax collections from SFY 2024-25, which is largely expected … expiration of the Tax Cuts and Jobs Act at the end of 2025 may impact the realization of nonwage income (such as …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-releases-report-sfy-2024-25-financial-planJanuary 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… are accounted for and reported in the fiduciary funds, TE Fund (Expendable) and TN Fund (Non Expendable). GASB … from beginning fund balance using residual equity transfer code 8019 in the Analysis of Fund Balance Statement … Balance Beginning of Year: $100 $000 8019 Residual Equity transfer: ($100) $100 Adjusted Fund Balance Beginning of …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsExamination of Procurement Card Payments
… Purpose The objective of our examination was to determine whether the Office for People with Developmental … contracts. Key Recommendations Ensure DDSOO staff (i) adhere to the State Finance Law requirements for OSC contract approval and competitive bidding and (ii) do not use PCards to pay for purchases from vendors with …
https://www.osc.ny.gov/state-agencies/audits/2018/03/09/examination-procurement-card-paymentsAdoption Subsidy Program (Follow-Up)
… Key Finding OCFS was successful in seeking restitution from the responsible localities for the overpayments …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/adoption-subsidy-program-followEnvironmental, Social & Governance Principles and Proxy Voting Guidelines
The New York State Common Retirement Fund votes by proxy on each proposal at annual meetings and special meetings of U.S. portfolio companies, as well as selected international companies.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/proxy-voting-guidelines-2022.pdfState Agencies Bulletin No. 434
… used by OSC in time entry for employees who are due a tax refund. Affected Employees Employees who are due tax refunds Effective Date Immediately Background OSC receives tax refund requests for Federal, New York State, New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/434-new-earnings-codes-tax-refunds-processed-through-payservXIV.1 Outstanding Check Outreach and Escheatment – XIV. Special Procedures
… Law §1422 requires New York State to perform certain payee notification requirements for checks that have gone uncashed … Finance (DTF) Treasury performs the outreach for Vendor, Employee Expense and SSP checks issued out of the State’s … information on the outreach for Refund, Payroll, Vendor, Employee Expense and SSP checks see Operational Advisory 8 – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv1-outstanding-check-outreach-and-escheatmentCUNY Bulletin No. CU-248
… To provide agencies with procedures for processing payment of the Nurses’ Health Specialty Differential. Affected … (hourly) Nurse Practitioner Background The annual payment of the Nurses’ Health Specialty Differential is made in … Association (Bargaining Unit TE) and the City University of New York. Effective Date(s) Paychecks dated 2/16/06 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-248-payment-cuny-nurses-health-specialty-differentialDiNapoli: Thruway Authority Owed More Than $275 Million in Unpaid Tolls and Fees
… for the Thruway.” Tolls and related fees make up more than 90% of the Thruway’s revenue. Ninety percent of toll … their E-ZPass account has a negative balance for over 30 days. If no payment is made in the next 30 days, the account … agencies. When the first vendor’s contract expired Sept. 15, 2020, it returned the uncollected accounts totaling $430 …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-thruway-authority-owed-more-275-million-unpaid-tolls-and-feesOpinion 89-65
… pursuant to the payroll method to permit more efficient accounting for the various deductions from gross compensation …
https://www.osc.ny.gov/legal-opinions/opinion-89-65SUNY Bulletin No. SU-86
… Criteria Chapter 29 of the Laws of 2001 provides for a 3.5% general salary increase effective February 27, … salary rate in effect on February 27, 2003. To be eligible for the salary increase, an employee must have been active in … 2003. OSC Automatic Processing After payroll processing for pay period 25L is complete, OSC will automatically insert …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-86-salary-increases-employees-graduate-student-employees-unionSUNY Bulletin No. SU-68
… Criteria Chapter 29 of the Laws of 2001 provides for a 3% general salary increase effective February 28, 2002. … salary rate in effect on February 28, 2002. To be eligible for the salary increase, an employee must have been active in … 2002. OSC Automatic Processing After payroll processing for pay period 25L is complete, OSC will automatically insert …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-68-salary-increases-employees-graduate-student-employees-unionDiNapoli: Finger Lakes Regional Economy Bolstered By Key Industries
… Finger Lakes. For example, the estimated median property tax bill in Genesee County was $4,133 in 2015 – half of the … years. Read the report , or go to: http://www.osc.state.ny.us/localgov/pubs/economicprofile/fingerlakesregion.pdf . …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-finger-lakes-regional-economy-bolstered-key-industriesUnified Court System Bulletin No. UCS-140
… Purpose To explain processing of the Prepaid Legal Service Benefit … for tax purposes for the 2008 calendar year. Background In accordance with the Internal Revenue Code, it is required … dated November 26, 2008, and for whom the benefit was not applied in October. Agency Actions Notify affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-140-prepaid-legal-service-benefit-unified-court-system-uscDiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019
… Review of the Financial Plan of the City of New York (May 2024) 2024 Update on New York City Staffing Trends Agency Service …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-nyc-contract-spending-rises-7-billion-fy-2019XI.2.K Authorized Signatures – XI. Procurement and Contract Management
… Section 110 of the State Finance Law provides: Certification or approval of the … those individuals authorized to execute: Contracts on behalf of an agency where the State of New York is a … and that the correct forms are used. Incorrect, out-of-date forms will cause processing delays. A separate …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signatures2019 Annual Audit
… SFS for all of 2019. Key Findings Our Office identified 1,208 errors totaling more than $4.28 million as part of our daily audit. In addition, we identified 917 product code errors …
https://www.osc.ny.gov/state-agencies/audits/2021/05/19/2019-annual-auditState Agencies Bulletin No. 1595
… the outreach and escheatment of uncashed payroll checks for calendar year 2016 Affected Employees Employees with one … uncashed as of February 28, 2018 will be stopped and the funds will be sent to the NYS Office of Unclaimed Funds on … March 9, 2018. Employees can visit the Unclaimed Funds - Search for Lost Money website to search for money handed over …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1595-outreach-escheatment-2016-uncashed-payroll-checks