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Glens Falls Common School District - Cash Management (2019M-177)
… limits, to maximize interest earnings. Prepare monthly cash flow forecasts that estimate available funds for …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/glens-falls-common-school-district-cash-management-2019m-177Moriah Central School District - Cash Management (2019M-65)
… Determine whether District officials maximized interest earnings. Key Findings District officials did not develop and … a comprehensive investment program to ensure interest earnings were maximized. Had officials invested idle funds in … in a manner, within legal limits, to maximize interest earnings. District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-cash-management-2019m-65Management of Cash and Investments
… Establish a written investment plan which includes yield expectations and perform documented analysis demonstrating performance against the yield expectations. Other Related Audits/Reports of Interest …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsXIV.3.A Overview – XIV. Special Procedures
… Overview Pursuant to the State Finance Law, §98, the State Comptroller shall invest and keep invested all moneys belonging to any and all funds (of … Pursuant to the State Finance Law 98 the State Comptroller shall invest and keep invested all moneys belonging to any and all funds of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… Asset Management (GSAM) to invest in a diverse group of global equity strategies viewed as having strong potential to … State Common Retirement Fund full access to world class global equity investment opportunities and the nimbleness to … focus on dynamic manager selection opportunities in global equities to enhance returns in the Fund’s equity …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsTown of Moriah - Cash Management (2019M-169)
… Audit Objective Determine whether Town officials maximized interest earnings. Key Findings The Board did not develop and manage a comprehensive investment program to ensure interest earnings were maximized. Had the Supervisor invested … funds in a financial institution with higher available interest rates, revenue would have increased by $80,688 …
https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169Village of Greenwich - Cash Management (2019M-230)
… The Board did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within legal …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230NYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… The New York State and Local Retirement System (NYSLRS) today announced employer … 14.6 percent to 16.2 percent of payroll for the Employees’ Retirement System (ERS) and from 24.4 percent to 28.3 percent of payroll for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22DiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies
… DiNapoli announced today, along with releasing the fourth annual Climate Action Plan Progress Report . “As trustee of … metrics into its executive compensation plan. McDonald’s Corp. agreed to assess supply chain water-related business … water quality and quantity targets, while Realty Income Corp., a real estate investment trust, agreed to adopt and …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-ny-pension-fund-reaches-climate-agreements-five-portfolio-companiesOpinion 95-28
… This opinion represents the views of the Office of the State Comptroller at the time it was … issued by a financial institution and secured by a letter of credit issued by a Federal Home Loan Bank) LOCAL LAWS -- Municipal Funds (authorizing investment … Whether a town may under the provisions of section 11 of the General Municipal Law invest a portion …
https://www.osc.ny.gov/legal-opinions/opinion-95-28State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… to sustainable investments to $5 billion. The cornerstone of DiNapoli’s plan is the creation of a $2 billion index that … is no question that climate change is one of the biggest risks facing global investors across multiple sectors,” said … that well-managed businesses, which focus on the long-term health of the company and work to avoid environmental damage …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureState Comptroller DiNapoli Releases Municipal & School Audits
… Thomas P. DiNapoli today announced the following local government and school audits were issued. Schenectady County … Thomas P DiNapoli today announced the following local government and school audits were issued …
https://www.osc.ny.gov/press/releases/2025/08/state-comptroller-dinapoli-releases-municipal-school-audits-1NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… broader review of the transition readiness of energy sector investments that face significant climate risk. With … will be divesting its corporate bonds and actively managed public equity holdings in eight integrated oil and gas … all investors, and I am determined to protect the state’s pension fund by keeping it at the forefront of efforts to …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-investDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS). Employers’ average contribution rates for the State Fiscal Year 2023-24 will increase from 11.6% to … P DiNapoli today announced employer contribution rates for the New York State and Local Retirement System NYSLRS …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024New York's 529 College Savings Program Turns 20
… from both federal and state taxes as long as the funds are used to pay for expenses at eligible post-secondary … New York’s 529 College Savings Program. Ascensus Broker Dealer Services, LLC (ABD),serves as Program Manager and, in … state’s plan, nonqualified withdrawals, or withdrawals used to pay expenses for tuition in connection with …
https://www.osc.ny.gov/press/releases/2018/12/new-yorks-529-college-savings-program-turns-20DiNapoli: State Clean Energy Fund Makes Progress on Developing Solar Capacity, But Energy Efficiency Lags
… but is behind in meeting its energy efficiency targets for 2025, according to a report from New York State Comptroller … implementation of these programs has achieved 45% of its 2025 goal for total efficiency savings, 46% of its 2025 natural gas efficiency goals and 33% of electric …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-state-clean-energy-fund-makes-progress-developing-solar-capacity-energy-efficiency-lagsContribution Rates – Employer Contributions and Rates
… the alignment of employer costs with the value of member benefits. Employers who offer their employees better retirement plans or optional benefits generally have higher contribution rates, which … contribution rate would result in employers with lesser benefits subsidizing employers with better benefits. How …
https://www.osc.ny.gov/retirement/employers/contributions/contribution-ratesDiNapoli Consumer Alert: Contribute to a 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… New Yorkers that contributions to a New York State 529 College Savings Program account are tax deductible. New York’s 529 College Savings Program, an investment tool designed to help parents save for college, ranks among the best in the nation, and New York is …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-consumer-alert-contribute-529-college-savings-account-and-deduct-10000-your-state-taxesDiNapoli: Contribute to a NY 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… DiNapoli today reminded New Yorkers that contributions to a New York State 529 College Savings Program account are tax … parents save for college. Contributions made by Dec. 31 can provide up to $10,000 in state tax deductions on 2016 … and tax deductions for parents and loved ones who want to get a head start on saving for college. It’s never too early …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-contribute-ny-529-college-savings-account-and-deduct-10000-your-state-taxesDiNapoli: State Pension Fund Value $178.1 Billion
… markets during a volatile year. The Fund has an estimated value of $178.1 billion. “Despite weak equity markets, the … expected rate of return is 7 percent. The Fund’s value reflects $10.9 billion in benefits paid out during the … years 2014-2015 and 2015-2016. A graph showing the Fund’s value since 1993 is available here: …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billion