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DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… (5.48%). The Fund’s long-term expected rate of return is 5.9%. The timing of the Fund’s annual valuation date is tied to the state fiscal year. Every three years the Fund is required to undergo an independent Fiduciary and Conflict …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnInternal Controls Over Selected Financial Operations (Follow-Up)
… Objective To determine the extent of implementation of the two recommendations included in our initial audit … creating the State Liquor Authority and the Division of Alcoholic Beverage Control (both commonly and hereafter … To determine the extent of implementation of the two recommendations included in our …
https://www.osc.ny.gov/state-agencies/audits/2022/08/19/internal-controls-over-selected-financial-operations-followDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… were $3.1 billion higher than those through September 2023, primarily driven by the Personal Income Tax (PIT) … and $2.9 billion higher than the same period in SFY 2023-24, reflecting, in part, the impact of wage and …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearState Agencies Bulletin No. 1375
… Employees Employees meeting the criteria as explained in this bulletin Effective Date(s) New tax withholding rates will be reflected in Institution paychecks dated January 8, 2015 and … Federal Income Tax Withholding Rates Withholding Allowance Amount Social Security Wage Base Qualified Parking Benefits …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1375-summary-tax-related-changes-2015State Agencies Bulletin No. 1455
… Purpose To inform agencies of the updated IRS tax withholding requirements for 2016 and other related … as explained in this bulletin Effective Date(s) New tax withholding rates will be reflected in Institution … Parking Benefits Qualified Transit Pass Mileage Rates Tax Rates The Federal income tax withholding rates have …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1455-summary-tax-related-changes-2016Maximizing Drug Rebates Under the Federal Medicaid Drug Rebate Program (Follow-Up)
… (Report 2021-S-11 ). About the Program The Department of Health (DOH) administers the Medicaid program. For recipients … makes payments for services rendered directly to health care providers. For recipients enrolled in managed care, DOH pays managed care organizations (MCOs) a …
https://www.osc.ny.gov/state-agencies/audits/2024/12/20/maximizing-drug-rebates-under-federal-medicaid-drug-rebate-program-followVendor Responsibility Review Process
… the contract on the Vendor Responsibility Questionnaire, if required. The State contracting entity must fully review … information, see How to Conduct a Responsibility Review. What must be filed For each contract, the State contracting … see How to Make a Responsibility Determination. What happens after filing Our office will review the Vendor …
https://www.osc.ny.gov/state-vendors/vendrep/vendor-responsibility-review-processEmpire BlueCross – Overpayments for Physician-Administered Drugs (Follow-Up)
… Empire BlueCross – Overpayments for Physician-Administered Drugs (Report 2021-S-33 ). About the Program The New York … cover a range of services including physician-administered drugs, which are drugs administered by health care professionals in a hospital … Empire BlueCross Overpayments for PhysicianAdministered Drugs Report 2021S33 …
https://www.osc.ny.gov/state-agencies/audits/2025/06/04/empire-bluecross-overpayments-physician-administered-drugs-followDiNapoli: Florida Man Sentenced to Pay Full Restitution for His Theft of Nearly $80,000 in His Deceased Father's NYS Pension Payments
… son of a state pensioner from Long Island was sentenced to five years’ probation and ordered to pay full restitution after being convicted of identity … son of a state pensioner from Long Island was sentenced to five years probation and ordered to pay full restitution …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-florida-man-sentenced-pay-full-restitution-his-theft-nearly-80000-his-deceased-fathers-nysDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… of Anastasia Titarchuk as chief investment officer of the New York State Common Retirement Fund. Titarchuk has served as the Fund’s interim CIO since July 2018. “Anastasia … and talents as a skilled investor are reflected in the success of our state’s pension fund,” DiNapoli said. “She …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… $18.6 billion in the first quarter of the new fiscal year, $1.2 billion less than the same period last year and $315.7 million below projections, according to the … P. DiNapoli. "We're three months into New York's fiscal year and personal income tax collections are falling short of …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: Binghamton City School Finances Progressing
… budgeting and proactive financial planning by officials in the Binghamton City School District have helped to improve … by State Comptroller Thomas P. DiNapoli. “School officials in Binghamton have worked diligently to keep their district’s … agreements have enabled the district to weather reductions in aid and limited growth in local revenues. However, careful …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-binghamton-city-school-finances-progressingMedicaid Program – Maximizing Drug Rebates for Health and Recovery Plans
… Background In 1990, Congress created the Medicaid Drug Rebate Program to reduce state and federal expenditures for … basis, the Department of Health (Department) submits rebate invoices to the manufacturers. The Affordable Care … that HARP-related drugs were identified and processed for rebate invoicing. We determined that the Department …
https://www.osc.ny.gov/state-agencies/audits/2018/06/22/medicaid-program-maximizing-drug-rebates-health-and-recovery-plansAccess Controls Over Selected Critical Systems
… of user accounts. This included 35 active user accounts on four systems containing confidential information for … an accurate inventory of systems, or classify the data on those systems, as required by NYS IT policy and standards. …
https://www.osc.ny.gov/state-agencies/audits/2019/03/21/access-controls-over-selected-critical-systemsProcurement and Contracting in New York
… contract oversight to prevent procurement abuses in New York State. Comptroller's Oversight of State Contracts (Last Updated August 2025) Prior Reports Calendar Year 2021 Calendar Year 2020 Calendar Year 2019 Calendar Year 2018 …
https://www.osc.ny.gov/state-agencies/contractsCost-Saving Ideas: Managing Workers' Compensation Costs
… a mandatory benefit. Local governments can get insurance for workers’ compensation in one of four ways: Purchase a … on various factors such as employee wages, level of risk for each job classification and your experience rating. You … different categories of risk, you could be paying more in premiums than is warranted. If your local government …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-managing-workers-compensation-costsOperational Advisory No. 29
… Refund, Vendor, Employee Expense, or SSP Checks Guidance : The Office of the State Comptroller (OSC) has updated the policies and …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/29-gfo-updates-reissuing-or-cancelling-refund-vendor-employee-expense-or-sspState Comptroller DiNapoli Releases Audits
… costs. Department of Health (DOH): Examination of Official Station Designation (2015-BSE1-04) DOH’s designation of the official station for an employee in calendar years 2013 and 2014 was … rules and regulations. As a result of an improper official station designation, DOH paid $16,089.56 and $22,033.71 in …
https://www.osc.ny.gov/press/releases/2018/06/state-comptroller-dinapoli-releases-auditsNYS Common Retirement Fund Reports Second Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year 2018-2019 was … 30, 2018, the Fund had 41.4 percent of its assets invested in publicly traded domestic equities and 15.6 percent in international public equities. The remaining Fund assets …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsUtilization of the Arch Street Yard and Shop Facility
… Purpose To determine whether the Metropolitan Transportation Authority (MTA) – Long Island … was needed for East Side Access (ESA) completion; whether the MTA has any plans for the use of the Facility before the expected 2022 opening of … To determine whether the Metropolitan Transportation Authority Long Island Rail …
https://www.osc.ny.gov/state-agencies/audits/2017/12/08/utilization-arch-street-yard-and-shop-facility