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State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… New York State Comptroller Thomas P. DiNapoli today announced the New York State and Local Retirement … (PFRS). DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 percent, … taking the responsible action of lowering our assumed rate of return now so we can better weather market …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: MWBE Participation in the State’s Pension Fund Rose to All-Time High in State Fiscal Year 2020-21
… pandemic, the Fund continued its steady deployment of capital to MWBE firms. Increases in value over the previous … Equity asset classes. The Fund’s Real Estate & Real Assets portfolio made an additional $200 million commitment to Grain … Investments made an additional $400 commitment to Stellex Capital Management. Gains were particularly strong in the …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-mwbe-participation-states-pension-fund-rose-all-time-high-state-fiscal-year-2020-21DiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs
… development programs, has failed to fully evaluate most of its programs to determine if they are boosting the … each year, which are posted on their website. However, most of these reports do not clearly measure program results, … economic development programs has failed to fully evaluate most of its programs to determine if they are boosting the …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-esd-falls-short-evaluation-nearly-2-billion-economic-development-programsDiNapoli: New York City's Budget Outlook Improves
… from the re-introduction of the city’s water and sewer rental payments. The January Financial Plan also included the … once fully phased in. Risks to Social Services Cash and rental assistance enrollment is likely to remain higher than pre-pandemic levels in the near future. This is the result of current economic …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… estimates $17 billion in funding will have to be removed from the current $55.4 billion capital plan to meet the loss of congestion pricing revenue, … funding to those projects that will remain in its capital plan and update its agreements on SAS to retain matching …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… energy but must take stronger action to meet the state’s clean energy goals, according to an audit released today by … of risks by PSC is needed to achieve our ambitious clean energy goals,” DiNapoli said. “New York has been a … based on new laws and directives, which may drive clean energy demand and supply up, like electric vehicles, …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… opportunity to ease the pressure that growing debt places on its operations and stabilize its future finances, … stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. … its strength and win back riders to a safe, reliable and on-time transit system.” The state’s increase in the payroll …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsAction Needed on New York's Long-Delayed Adoption of Crucial Next Generation 911
… approved. DHSES had said that the State 911 Plan would be ready by December 2022 but delays, including a three-year … DHSES on the NG911 transition. The 14 counties that did get some guidance said it did not contain details or …
https://www.osc.ny.gov/press/releases/2025/06/action-needed-new-yorks-long-delayed-adoption-crucial-next-generation-911Pension Payment Calendar
NYSLRS pension payments are deposited or mailed monthly — direct deposits are on the last business day of each month and checks are mailed on the second-to-last business day of each month.
https://www.osc.ny.gov/files/retirement/retirees/pdf/pension-payment-calendar.pdfRockland County – Budget Review (B23-6-8)
The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the County of Rockland’s (County) proposed budget for the 2024 fiscal year are reasonable.
https://www.osc.ny.gov/files/local-government/audits/2023/pdf/rockland-county-2023-B23-6-8.pdfReview of the Financial Plan of the City of New York, May 2023
Three years removed from the onset of the COVID-19 pandemic, New York City faces ongoing and new risks to its finances just as the economy has shown signs of slowing.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2024.pdfSeeking Competition in Procurement
The Office of the State Comptroller's Legal Division will discuss legal requirements for competitive bidding, including statutory amendments to the General Municipal Law § 103 and various exceptions to the bidding requirements.
https://www.osc.ny.gov/files/local-government/academy/pdf/seeking-competition-procurement-062624.pdfLynbrook Union Free School District – Medicaid Reimbursements (2022M-81)
Determine whether Lynbrook Union Free School District (District) officials ensured students received all services from their individualized education programs (IEPs) and Medicaid eligible services were properly filed to receive Medicaid reimbursements.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/lynbrook-union-free-school-dsitrict-2022-81.pdfEcoNews, Spring 2017
On the 47th Anniversary of Earth Day, now more than ever we should celebrate the progress we have made and recommit ourselves to the work that needs to be done.
https://www.osc.ny.gov/files/reports/special-topics/pdf/environmental-econews-2017.pdfAdditional Service Credit Under Article 19 – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 1 Members
… information for ERS Tier 1 members under Sections 75d and 75e Additional Service Credit Under Article 19 …
https://www.osc.ny.gov/retirement/publications/1502/additional-service-credit-under-article-19Additional Service Credit Under Article 19 – Non-Contributory Plan with Guaranteed Benefits for ERS Tier 2 Members
… information for ERS Tier 2 members under Sections 75d and 75e Additional Service Credit Under Article 19 …
https://www.osc.ny.gov/retirement/publications/1507/additional-service-credit-under-article-19Applying for Previous or Military Service Credit – Basic Plan for ERS Tier 2 Members
… information for ERS Tier 2 members under Sections 70a 71a and 75 Applying for Previous or Military Service Credit …
https://www.osc.ny.gov/retirement/publications/1505/applying-previous-or-military-service-creditAbout This Publication – World Trade Center Presumption
… Information about laws that may apply to those who participated in World Trade Center rescue recovery or …
https://www.osc.ny.gov/retirement/publications/world-trade-center/about-publicationStay Informed – World Trade Center Presumption
… Your retirement benefits are an important part of a solid financial plan. They can help you and your beneficiaries achieve financial security in … death. Use these tips to help you understand your benefits and stay informed. Register for Retirement Online , a …
https://www.osc.ny.gov/retirement/publications/world-trade-center/stay-informedFrequently Asked Questions – World Trade Center Presumption
… qualifying condition, does this law provide any additional retirement benefit? I participated in the rescue, recovery … filing for a reclassification? If I retire with a service retirement and choose to receive a Partial Lump Sum (PLS) … Trade Center accidental disability benefit by filing an Application for World Trade Center Accidental Disability …
https://www.osc.ny.gov/retirement/publications/world-trade-center/frequently-asked-questions