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What is a Defined Benefit Plan?
… to recruit and retain qualified employees. Employers can reduce the risk of employee turnover, which can help cut training costs and improve productivity. Defined … account, so market downturns, especially near retirement, can affect the value of the benefit. During retirement, the …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: 23 School Districts Designated in Fiscal Stress
… federal government’s Coronavirus Aid, Relief and Economic Security (CARES) Act had many requirements that caused …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-23-school-districts-designated-fiscal-stressDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… A report released today found more than one of every 100 resident personal income tax (PIT) filers left New York … the decline in 2021 was concentrated at incomes less than $100,000, partially offset by an increase in the number of … to the pandemic. In 2021, an equivalent of one in every 100 married resident filers left New York. Married filers …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: Buffalo's Financial Condition Improves
… Comptroller Thomas P. DiNapoli. The report is part of a series of fiscal profiles on municipalities across the state. … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesState Contract and Payment Actions in April
… In April, the Office of the State Comptroller approved 1,260 … contracts and payments is available at www.openbooknewyork.com . Major Contracts Approved Office of Court Administration … Inc. to replace The Egg roof at the Empire State Plaza in Albany. $2.6 million with Carrier Corporation for chiller …
https://www.osc.ny.gov/press/releases/2018/05/state-contract-and-payment-actions-aprilDiNapoli: NYC's Shelter Repair Process Needs Its Own Fix
… state's 170,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-nycs-shelter-repair-process-needs-its-own-fixState Contract and Payment Actions in March
… payments. More information on these contracts and payments is available at Open Book New York . Major Contracts Approved …
https://www.osc.ny.gov/press/releases/2022/04/state-contract-and-payment-actions-marchState Contract and Payment Actions in December
… In December, the Office of the State Comptroller approved … Building 2 at Great Meadow Correctional Facility in Washington County. $1.4 million with Arold Construction …
https://www.osc.ny.gov/press/releases/2022/01/state-contract-and-payment-actions-decemberDiNapoli Releases Analysis of Enacted State Budget
The Enacted Budget for State Fiscal Year SFY 202526 is projected to total $254 billion a 52 increase in spending at a time when new federal actions on funding and policy may change the relationship between the federal government and states
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-releases-analysis-enacted-state-budgetDiNapoli Announces State Contract and Payment Actions for January 2017
… power at designated DOT sites. Major Payments Approved Tax Refunds $188.5 million for 19,000 corporate and other refunds. $100.1 million for 25,000 personal income tax refunds. $69.9 million for 208,000 property tax freeze credits. Dormitory Authority of the State of New …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-announces-state-contract-and-payment-actions-january-2017Opinion 89-34
Whether a town board is authorized to make inquiry into the activities of town highway department laborers suspected of using town vehicles for private purposes and after such inquiry recommend to the highway superintendent that he censure the employees for such actions
https://www.osc.ny.gov/legal-opinions/opinion-89-34New York State Pension Fund Sets 2040 Net Zero Carbon Emissions Target
… completion within four years of a review of investments in energy sector companies, using minimum standards to assess … to investments, for which the Fund is already top-ranked in the United States by the Asset Owners Disclosure Project. … net-zero carbon emissions by 2040 will put the Fund in a strong position for the future mapped out in the Paris …
https://www.osc.ny.gov/press/releases/2020/12/new-york-state-pension-fund-sets-2040-net-zero-carbon-emissions-targetDiNapoli: Economic Snapshot Shows The Bronx Making Impressive Gains in Addressing Challenges
… least healthy county in New York for the ninth consecutive year. Despite some improvement, it ranked at the bottom for …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-economic-snapshot-shows-bronx-making-impressive-gains-addressing-challengesPreparing for Retirement
… payment may be adjusted after we receive and process final payroll information, such as eligible lump sum payments or …
https://www.osc.ny.gov/retirement/members/preparing-retirementNew York City Tourism Industry Hit Hard by Pandemic, Visitor Spending Drops by 73%
… The COVID-19 pandemic abruptly halted tourism in New York City, one of the world’s top tourist and business … 2020, a 73 percent decline from the prior year, which will cost the city $1.2 billion in lost tax revenues in City …
https://www.osc.ny.gov/press/releases/2021/04/new-york-city-tourism-industry-hit-hard-pandemic-visitor-spending-drops-73The Retail Sector in New York City: Recent Trends and the Impact of COVID-19
… percent increased the use of credit cards and smartphone apps to make purchases. Retail Operations With the falloff in …
https://www.osc.ny.gov/reports/osdc/retail-sector-new-york-city-recent-trends-and-impact-covid-19The Tourism Industry in New York City
… conventioneers attend events and programs at the Javits Center, Piers 92 & 94, major hotels and other venues across … (including the accelerated use of technology-facilitated communications). Furthermore, the impact on tourism-related … Annual Reports to New York City Council , https://www1.nyc.gov/site/tlc/about/industry-reports.page . 14 For more …
https://www.osc.ny.gov/reports/osdc/tourism-industry-new-york-city