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Oversight of Direct Placement of Children (Follow-Up)
… ( 2017-S-30 ). About the Program OCFS oversees the State’s child welfare system, and its Central Office is responsible for supervising and coordinating child welfare services, including child protective services, foster care, and preventive …
https://www.osc.ny.gov/state-agencies/audits/2021/08/30/oversight-direct-placement-children-followDiNapoli: State Paid $14.5 Billion for Medicaid Home Care Services That Lacked Verification
… Billions of dollars have been spent on Medicaid home care services for New Yorkers without the required verification that the … State Comptroller Thomas P. DiNapoli. “Medicaid’s home care services are vital and allow many New Yorkers to remain … Billions of dollars have been spent on Medicaid home care services for New Yorkers without the required …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-paid-145-billion-medicaid-home-care-services-lacked-verificationDiNapoli: Disgraced Top Officials at School for At-Risk Students Arraigned on Public Corruption Charges
State Comptroller DiNapoli and Westchester County District Attorney Susan Cacace announced that two former officials at the GreenburghGraham Union Free School District were arraigned today on an indictment charging them with multiple public corruption offenses
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-disgraced-top-officials-school-risk-students-arraigned-public-corruption-chargesDiNapoli: Troy Housing Authority IT Worker Arrested for Secretly Running Private Business on Housing Authority Time
… Steven G. James announced the arrest of a former Troy Housing Authority information technology (IT) employee for the alleged theft of $7,089 in wages. Marsden Chen is … & Installations, while clocked in at his job for the housing authority. “Public time is for public work, not to …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-troy-housing-authority-it-worker-arrested-secretly-running-private-business-housingLicensing and Monitoring of Proprietary Schools (2019-S-68)
To determine whether the State Education Department’s Bureau of Proprietary School Supervision is verifying that schools have sufficient resources prior to initial licensing; and whether the Bureau is adequately monitoring schools and utilizing its database to look for warning flags of future ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s68.pdfNew York City’s Uneven Recovery: Youth Labor Force Struggling
… 1 – Unemployment and Labor Force Participation Rates for Workers Aged 16 to 24 by Geography Unemployment Labor … rates are still significantly higher than those for all workers, at 5.6% in New York City, 1.6% in the rest … have applied to the Program in prior years. At only 75,000 spots prior to the Mayor’s expansion, many were turned away. …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-youth-labor-force-strugglingDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… Retirement Fund (Fund), today announced he has written to 10 of the largest greenhouse gas emitting companies held by the Fund, urging them to reduce emissions and address risks arising from climate … change. "Climate risk is one of the greatest threats to the state pension fund and its long-term investments," …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… may seem far into the future but the steps you take now to save for retirement can make a huge difference when that … Your Post-Retirement Income Not sure how much you’ll need to save for retirement? It’s helpful to look at the other sources of post-retirement income you’ll …
https://www.osc.ny.gov/retirement/members/saving-for-retirementProjected Invoice
… to calculate your employees’ anticipated earnings based on their retirement system and tier. Retirement System and … 15, 2026. The divisor is calculated using the current interest rate of 5.9 percent, which is determined by the … Online Troubleshooting from the dropdown). You can also call 866-805-0990 (press 1 to access the employer menu, then …
https://www.osc.ny.gov/retirement/employers/projected-invoiceService Credit – Divorce and Your Benefits
… NYSLRS members receive service credit for all their public employment beginning with … the date they joined NYSLRS. Some members can purchase service credit for employment before they joined NYSLRS or for military service. For most members, the total amount of service credit …
https://www.osc.ny.gov/retirement/members/divorce/service-creditDiNapoli: Binghamton Woman Charged With Stealing Deceased Father-in-Law's Pension Payments
… to personally come to the phone because he was hard of hearing. She then inquired about the stopped July payment in … A total of 19 monthly electronic deposits were made into the bank account after the date of death, totaling …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-binghamton-woman-charged-stealing-deceased-father-laws-pension-paymentsCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… employer’s invoiced contribution (not including payments for deficiency, previous amortizations, incentive costs or … contribution. Example of a Graded Payment Calculation for an ERS Employer (for Fiscal Year End 2024) Employer’s billable salary … calculates an employers maximum amortization amount for the Contribution Stabilization Program …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentNY State Comptroller DiNapoli Statement on McDonald's Agreement to Tie Executive Compensation to Diversity, Workforce Management
… 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 …
https://www.osc.ny.gov/press/releases/2021/02/ny-state-comptroller-dinapoli-statement-mcdonalds-agreement-tie-executive-compensation-diversityNYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… Thomas P. DiNapoli today announced $800 million in recent investments through the New York State Common Retirement Fund’s (Fund) … latest $800 million comprises three separate investments. In January, the Fund committed $300 million to Avenue Capital … NYS Comptroller DiNapoli announced $800 million in investments through the NYS Common Retirement Funds …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… It has consistently been ranked as one of the best managed and best funded plans in the nation. …
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
… and diverse holdings have helped make it one of the best-funded public pension funds in the nation and it remains … It has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsSocial Security Adjustment – Article 14 Benefits
… will be reduced by one-half (50 percent) of the primary Social Security benefit — regardless of whether you are actually collecting a …
https://www.osc.ny.gov/retirement/publications/1644/social-security-adjustmentAccounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/gasb-68-reporting-for-pensions-0320.pdfAccounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/bulletin-gasb-68-reporting-pensions.pdfContract Advisory No. 22
… Subject: Closing Contracts in the Statewide Financial System (SFS) Guidance: The Office of the State … Bureau of Contracts (BOC) is actively closing contracts in the Statewide Financial System (SFS). Once OSC has closed … Closing Contracts in the Statewide Financial System SFS …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/22-closed-contracts-statewide-financial-system