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Fund's Mission, Values and Investment Philosophy
… is the single largest driver of our performance and risk profile. Our asset allocation is updated at defined intervals … that developing internal investment capabilities can help lower costs. We build in-house capabilities where they …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyDiNapoli: NY's Homeownership Rate Lowest in the Nation
… New York state has the lowest homeownership rate in the nation, driven by low rates in New York City, according to a report released today by … DiNapoli. Only 53.6% of New York households owned a home in the second quarter of 2022, compared to 65.8% nationally. …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nys-homeownership-rate-lowest-nationOpinion 2000-9
… This opinion represents the views of the Office of the State Comptroller at the time it was … -- Officers and Employees (compensation for executive director); (performance evaluation program) PUBLIC OFFICERS … compensation as an "after-the-fact" bonus to the executive director of the agency for services already rendered and for …
https://www.osc.ny.gov/legal-opinions/opinion-2000-9Available Pension Payment Options – Special 20- and 25-Year Plans
… Under this selection, all payments cease upon your death. After you die (even if it is soon after retiring), no pension … will provide you with a reduced monthly benefit for your lifetime. When you die, the unpaid balance of your … will provide you with a reduced monthly benefit for your lifetime and is based on your birth date and that of your …
https://www.osc.ny.gov/retirement/publications/1517/available-pension-payment-optionsState Comptroller DiNapoli and Department of Financial Services Acting Superintendent Asrow Designate New Banking Development District to Support Community Banking in the Towns of Shandaken and Olive
… of bank and credit union branches across the state where there is a demonstrated need for banking services. DFS … program was created to encourage and incentivize qualified banks and credit unions to open or maintain banking branches … Phoenicia Branch. We’re thrilled to now be able to do municipal banking in our back yard,” Shandaken Town …
https://www.osc.ny.gov/press/releases/2026/05/state-comptroller-dinapoli-and-department-financial-services-acting-superintendent-asrow-designateIX.6.E Education Department - G5 System – IX. Federal Grants
… requests are then paid to the State the next business day via the ACH system. The G5 system also provides for a … their accounts. The G5 drawdown page contains a “Last Day to Draw” field that is strictly enforced by the system. … agencies from expending funds too close to the “Last Day to Draw” date. This prohibition is controlled by entering …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6e-education-department-g5-systemWest Glens Falls Fire Company No. 1 – Financial Operations (2013M-383)
… #1 is a volunteer organization located in the Town of Queensbury in Warren County. The Board of Directors, which is … $618,000 in revenue, including $535,547 from the Town of Queensbury and $15,819 in foreign fire insurance, and had …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2014/04/11/west-glens-falls-fire-company-no-1-financial-operations-2013mCity of Troy – Budget Review (B17-5-13)
… refuse and garbage fees to finance the City’s waste and recycling services, but the Council has not yet authorized or approved a combined waste and recycling fee to realize the estimated revenues. All six of … the budget if it decides to implement a new waste and recycling fee. If the fee is not authorized, or is authorized …
https://www.osc.ny.gov/local-government/audits/city/2017/10/31/city-troy-budget-review-b17-5-13Opinion 92-1
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … PUBLIC CONTRACTS -- Retained Percentages (collection of interest on securities deposited in lieu of); (mandatory … Concerning the responsibility of municipal officials in connection with withdrawal of …
https://www.osc.ny.gov/legal-opinions/opinion-92-1State Agencies Bulletin No. 1916
… addition, a memorandum dated 05/13/2021 from the Governor’s Office of Employee Relations (GOER) authorizes the 2021 … for the 2021 Tool Allowance Payment: Perform automotive repair duties in an eligible title; and Are required by the … Assistant (Motor Equipment) Service & Repair Mechanic (Auto Body) Maintenance Supervisor 1 Motor Equipment Aircraft …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1916-2021-csea-tool-allowance-paymentOpinion 91-53
… This opinion represents the views of the Office of the State Comptroller at the time it was … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. TOWN BOARD -- … compensation if also serve as deputy supervisor) -- Powers and Duties (appointment of board member as deputy supervisor) …
https://www.osc.ny.gov/legal-opinions/opinion-91-53Contractors or Consultants – Membership and Enrollment
… The majority of people who work for and provide services to the State or … Those who provide services as independent contractors or consultants are not permitted to join NYSLRS or receive … will be reviewed by NYSLRS. Independent contractors or consultants should not be paid on the payroll, but in some …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/contractors-or-consultantsBayport Fire District – Credit Card Use (2016M-394)
… elected five-member Board of Fire Commissioners. General fund budgeted appropriations for 2016 totaled approximately … the District’s credit card policy. The credit card account allows for cash advances of up to $1,000 per card per … identifies each authorized user and the authorized credit limits. Ensure that credit card accounts do not allow cash …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/01/27/bayport-fire-district-credit-card-use-2016m-394More About This Retirement Plan – Non-Contributory Plan with Guaranteed Benefits
… State Legislature. Throughout this publication, you will find references to “Sections” and “Articles” that refer to …
https://www.osc.ny.gov/retirement/publications/1513/more-about-retirement-planMadrid-Waddington Central School District – Financial Condition (2015M-347)
… our audit was to assess the District’s financial condition for the period July 1, 2014 through June 30, 2015. Background The Madrid-Waddington Central School District is located in the Towns of Lisbon, Louisville, Madrid, … which operates one school with approximately 680 students, is governed by an elected nine-member Board of Education. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/15/madrid-waddington-central-school-district-financial-condition-2015m-347Bovina Fire District – Fund Balance (2015M-138)
… 1, 2014 through May 31, 2015. Background The Bovina Fire District is a district corporation of the State, … Bovina Fire District Fund Balance 2015M138 …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/08/21/bovina-fire-district-fund-balance-2015m-138Huntington Manor Fire District – Cash Disbursements (2014M-108)
… of the Board does not audit claims prior to payment. The Secretary signs checks with the Treasurer’s signature stamp … by the Treasurer. In the Treasurer’s absence, the Secretary performs all claims payment duties without … maintain control of her signature stamp. Segregate the Secretary’s claims payment duties. …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/06/13/huntington-manor-fire-district-cash-disbursements-2014m-108South Farmingdale Water District – Information Technology (2014M-153)
… Water District is located in the Town of Oyster Bay in Nassau County. The District, which is governed by a …
https://www.osc.ny.gov/local-government/audits/district/2014/08/08/south-farmingdale-water-district-information-technology-2014m-153Opinion 91-6
… the local law actually conflict with the State statute ( Albany Area Builders v Town of Guilderland , 74 NY2d 372, 547 … 653; Grimm v City of Troy , 60 Misc 2d 579, 303 NYS2d 170; Williams v Bryant , 53 AD2d 229, 385 NYS2d 425; Pacificorp …
https://www.osc.ny.gov/legal-opinions/opinion-91-6DiNapoli: MTA Faces Its Greatest Challenges in Decades
… Metropolitan Transportation Authority (MTA) has been slow to reverse the deterioration in service and its financial plan entails considerable risk, according to an analysis released today by New York State Comptroller … 2021 and $634 million in 2022. The MTA is asking the state to authorize new sources of funding to close the gaps, but …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-mta-faces-its-greatest-challenges-decades