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DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… of $272.8 billion. “Market volatility has been pronounced in the first half of 2025, with unpredictable actions out of … uncertainty for investors that is likely to continue in the short term,” DiNapoli said. “The state pension fund’s … March 31, 2025, the Fund had 39.2% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25State Agencies Bulletin No. 1585
… Purpose To inform agency payroll officers of the new procedure for notifying their … start date of repayment. Agency Actions Agencies are to run the NPAY776 Consolidated Correction Sheet Report which is … to the Workers’ Compensation Mailbox. … To inform agency payroll officers of the new procedure for notifying their …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1585-notification-employees-when-prior-year-fica-ssmedicare-deficiency-hasAdditional Service Credit for Sick Leave (Section 341[j]) – Non-Contributory Plan with Guaranteed Benefits
… to offer this benefit, you may receive service credit for your unused, unpaid sick leave days at retirement. To be … year after separating from service. The additional credit is determined by dividing the total unused, unpaid sick leave … your Member Annual Statement to determine if this benefit is available to you. Credit for your unused sick leave at …
https://www.osc.ny.gov/retirement/publications/1513/additional-service-credit-sick-leave-section-341jAdditional Service Credit for Sick Leave (Section 341[j]) – Career Plan
… to offer this benefit, you may receive service credit for your unused, unpaid sick leave days at retirement. To be … year after separating from service. The additional credit is determined by dividing the total unused, unpaid sick leave … your Member Annual Statement to determine if this benefit is available to you. Credit for your unused sick leave at …
https://www.osc.ny.gov/retirement/publications/1642/additional-service-credit-sick-leave-section-341jSUNY Bulletin No. SU-246
… Purpose To provide agency instructions for processing the April 2017 SUNY M/C Discretionary Parity Salary Increase. Affected Employees Employees designated … beginning with the appropriate effective date. Automatic Retroactive Processing OSC will automatically calculate …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-246-april-2017-state-university-new-york-suny-management-andDiNapoli: Thruway Authority Toll Increases Should Be Last Option
… State Comptroller Thomas P. DiNapoli identifies concerns with the proposal and urges the Thruway to first improve its … of extraordinary challenges for New Yorkers who are faced with rising costs for everything from food to shelter to … DiNapoli said. “The Thruway should be more transparent with the public and disclose critical information, and …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-thruway-authority-toll-increases-should-be-last-optionAbout Benefit Reductions
… Retirement Members in regular retirement plans can retire with full benefits at the age specified by their plan, or choose to retire as early as age 55 with a reduction for early retirement.* *Tier 1 members can … will be. It is important to know that once you retire with a reduced benefit, the reduction is permanent — it does …
https://www.osc.ny.gov/retirement/members/about-benefit-reductionsCUNY Bulletin No. CU-367
… Purpose To explain the agency procedures for reporting rate increases … 5/14/09 Background The rate increases are pursuant to the New York City Comptroller’s Consent Determination … 23, 2009. Agency Actions Reporting the Rate Increases To increase the hourly rate(s), the agency must submit the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-367-salary-rate-increases-cuny-electriciansState Comptroller DiNapoli Releases Municipal Audits
… actual results or trends and did not contain estimates for all known revenues and expenditures. The adopted budgets … addition, the board did not establish adequate safeguards for online banking transactions. Auditors also found the … nor did they provide IT security awareness training for employees. Town of Corning – Procurement (Steuben County) …
https://www.osc.ny.gov/press/releases/2020/12/state-comptroller-dinapoli-releases-municipal-auditsFire Prevention, Safety and Control
… the Office of Alcoholism and Substance Abuse (Office) is in compliance with applicable fire prevention, safety and … Evaluation and Inspection Unit. Key Finding The Office is in compliance with applicable fire prevention, safety and … if the Office of Alcoholism and Substance Abuse Office is in compliance with applicable fire prevention safety and …
https://www.osc.ny.gov/state-agencies/audits/2013/11/21/fire-prevention-safety-and-control-0State Agencies Bulletin No. 948
… for the current year’s exemption must be retained in the employee’s agency payroll office for four (4) years. … page. Note : To claim exempt from tax withholdings and be in compliance with IRS and NYS Rules and Regulations, the … claiming single or married with 99 allowances are not in compliance with IRS regulations. Questions Questions may …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/948-claiming-exempt-federal-state-andor-local-tax-withholdingsHuman Resource Practices
… Objective To determine if State University of New York (SUNY) Upstate Medical University has developed … across four colleges, a research enterprise, and a network of patient care facilities. HR develops local human … Administration continued to pay a former President her presidential salary of $608,000 while she was on leave in the …
https://www.osc.ny.gov/state-agencies/audits/2019/09/25/human-resource-practicesState Police Bulletin No. SP-133
… Investigators. Affected Employees Senior Investigators in Bargaining Unit 62 Effective Date(s) Effective 3/31/11, … automatically process the following: Ending Command Pay (COM) - OSC will insert an End Date of 3/30/11 on all active COM rows on Additional Pay for all Senior Investigators. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-133-movement-command-pay-and-premium-overtime-base-salary-state-policeRural Roundtable
… 2023) Oversight of the Farm-to-School Program (April 2021) Protection of Managed Pollinators (Honey Bees) (January 2023) New Yorkers in Need The New York Children in … Broadband Challenges in New York State (September 2021) Making Strides on Broadband Affordability (May 2023) …
https://www.osc.ny.gov/reports/rural-roundtableSelected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied … expenses, which are discretionary and under the control of agency management, include lodging, meals, car rentals, … such as airline baggage and travel agency fees. As part of a statewide audit initiative to determine whether the use …
https://www.osc.ny.gov/state-agencies/audits/2013/09/04/selected-employee-travel-expenses-0Comptroller DiNapoli Releases School Audits
… and Patchogue-Medord Union Free School District . “In an era of limited resources and increased accountability, … is a more cost-effective means to provide the services in-house that are currently being provided on a contract … that the significant revenue and expenditure projections in the revised tentative budget are reasonable. The …
https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-school-auditsSUNY Bulletin No. SU-235
… Purpose To provide agency instructions for processing the April 2016 SUNY M/C Discretionary Parity Salary Increase. Affected Employees Employees designated … beginning with the appropriate effective date . Automatic Retroactive Processing OSC will automatically calculate …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-235-april-2016-state-university-new-york-suny-management-andEast Brentwood Fire District – Control Environment and Expenditures (2015M-112)
… were spent. Despite the Board not adopting a credit card policy, nor authorizing credit card usage, the District issued five credit cards: four to Commissioners plus one to the Treasurer. Key Recommendations Address audit …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/08/14/east-brentwood-fire-district-control-environment-and-expenditures-2015m-112Newfield Central School District – Financial Condition (2013M-238)
… Background The Newfield Central School District is located in Tompkins County. The District is governed by the Board of … funds were transferred to various reserves resulting in three reserves having more money than is likely necessary. … a plan to reduce the amount of unexpended surplus funds in a manner that benefits District taxpayers. Consult with …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/newfield-central-school-district-financial-condition-2013m-238Fiscal Stress Monitoring System - School Districts: Fiscal Year 2020-21 Results
This snapshot highlights the FSMS results for school districts that reported for school fiscal year (SY) 2020-21, which ended on June 30, 2021. Fewer school districts were scored in fiscal stress in this year, but the COViD-19 pandemic and the local, State and federal responses to it had a negative
https://www.osc.ny.gov/files/local-government/publications/pdf/fsms-school-districts-fiscal-year-2020-21-results.pdf