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2024 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2024-corporate-governance-stewardship-report.pdf2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-stewardship-priorities.pdfState Agencies Bulletin No. 1443
… Purpose To explain how OSC will process Social Security and Medicare refunds for employees whose refunds were not … employees who did not receive refunds of Social Security and Medicare taxes, or received a portion of such refunds due … be paid in the Institution check dated December 24, 2015 and Administration check dated December 30, 2015 OSC Actions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1443-end-year-refund-social-security-and-medicare-taxes-withheld-whileState Agencies Bulletin No. 1384
… addition of new queries due to the PayServ COA conversion and the impact to the current queries used for accounting … data. Affected Employees The accounting, reporting and payroll distribution data for all employees paid through … agencies will be able to compare data across PayServ and SFS, allowing for easier reconciliation of payroll …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1384-new-york-state-payroll-system-payserv-conversion-statewide-financialOpinion 2002-15
… discussed in the opinion. MUNICIPAL FUNDS -- Town Charges (street lighting and maintenance of town hall as townwide … and Duties (maintenance of town hall as townwide charge); (street lighting as townwide charge) TOWN LAW §§64(3), (19), … HIGHWAY LAW §327: Real property taxes for the cost of street lighting within a town pursuant to Town Law §64(19) …
https://www.osc.ny.gov/legal-opinions/opinion-2002-15Opinion 98-9
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. AMBULANCE DISTRICTS … a general ambulance service or a combination thereof on a town-wide basis or in an ambulance district, may fix a … of fees or charges for the services to be provided on a town-wide basis or within an ambulance district, persons …
https://www.osc.ny.gov/legal-opinions/opinion-98-9Opinion 91-51
… County sewer districts are governed generally by article 5-A of the County Law. The cost of establishing and … 14-F of the General Municipal Law (see County Law, §266[1][b]). Costs of a county sewer district raised on a benefit … municipal corporation (see, e.g., General Municipal Law, §6-c[7]). The limitation could be interpreted to encompass …
https://www.osc.ny.gov/legal-opinions/opinion-91-51Opinion 2000-9
… This opinion represents the views of the Office of the State Comptroller at the time it was … development agency may not determine at the end of a year to provide additional compensation as an … agency may compensate its executive director by an annual salary plus an additional lump sum amount determined …
https://www.osc.ny.gov/legal-opinions/opinion-2000-9United HealthCare – Empire Plan Drug Rebate Revenue
… Purpose To determine if United HealthCare (United) remitted all drug rebate revenue to the … Other Related Audits/Reports of Interest United HealthCare Insurance Company of New York: Empire Plan Drug Rebates (2014-S-62) United HealthCare Insurance Company of New York: Empire Plan Drug …
https://www.osc.ny.gov/state-agencies/audits/2016/11/01/united-healthcare-empire-plan-drug-rebate-revenueState Agencies Bulletin No. 856
… of the Over 40 Comp Time II program negotiated with CSEA, PEF and RRSU, employees are permitted in October of each year … letters issued in conjunction with the 2007-2011 CSEA, PEF and RRSU agreements. GOER Memo 2008-16 to agency … Over 40 Compensatory Time II Cash Out payments for CSEA, PEF and RRSU employees. Earn codes D40 and DH4 are available …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/856-2008-csea-pef-and-rrsu-over-40-compensatory-time-ii-cash-outState Agencies Bulletin No. 708
… Affected Employees Merit step eligible employees in Bargaining Units 05 and 67 Effective Date(s) Payment will be processed in Pay Period 1L, paychecks dated April 26, 2007 … , 21P or CAL will receive the initial Merit Step payment in April 2007. Employees who become eligible in the future …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/708-public-employees-federation-pef-and-rent-regulation-services-unit-rrsuMedicaid Audits Find More Than $500 Million in Waste
… a total of $513 million in improper Medicaid payments and untapped revenue opportunities over a four-year period, … questionable transactions that will require further review and actions to prevent overpayments or recover costs. … important program, insuring nearly 6.4 million New Yorkers and enabling them to access health care that would otherwise …
https://www.osc.ny.gov/press/releases/2015/04/medicaid-audits-find-more-500-million-wasteAdministration of the Contract With the Center for Urban Community Services
… contract (#113 225 01) with the Center for Urban Community Services (CUCS) for the period July 1, 2010 through July 15, … Key Findings DOHMH did not effectively administer certain financial aspects of the contract. As a result, CUCS … as appropriate. Work with CUCS officials to develop a financial reporting methodology that uses actual program …
https://www.osc.ny.gov/state-agencies/audits/2016/02/16/administration-contract-center-urban-community-servicesOpinion 88-32
… the issues discussed in the opinion. TOWN BOARD -- Powers and Duties (authority to publish names, office addresses and phone numbers of town officials) TOWN LAW, §§30, 116(13): … public of the name, office, address, office phone number, and office hours of the town clerk. You have asked whether it …
https://www.osc.ny.gov/legal-opinions/opinion-88-32Opinion 88-26
… GENERAL MUNICIPAL LAW, §72-h; LOCAL FINANCE LAW, §11.00(a): A town may issue obligations to finance the construction … interest in the building during the term of the bonds. You ask whether a town may construct a building for State … the town expires. Also, you do not indicate whether any rent is to be paid by the State Police, and if so, whether it …
https://www.osc.ny.gov/legal-opinions/opinion-88-26Passenger Vehicle Fleet Management
… Purpose To determine what steps the Office of General Services (OGS) has taken to manage the State’s passenger vehicle fleet, and to … To determine what steps the Office of General Services OGS has taken to …
https://www.osc.ny.gov/state-agencies/audits/2016/02/17/passenger-vehicle-fleet-managementControls Over Cash Advance Accounts
… Purpose To determine whether the Office of Children and Family Services (OCFS) has adequate controls over the cash advance accounts it oversees to ensure the money is properly accounted for and used for … To determine whether the Office of Children and Family …
https://www.osc.ny.gov/state-agencies/audits/2014/04/15/controls-over-cash-advance-accountsUnified Court System Bulletin No. UCS-325
… Differential Payment (SLED). Affected Employees: Employees in the following bargaining units who meet the eligibility … annual Security and Law Enforcement Differential payment in the amount of $825. In addition, consistent with prior practice, when a CSEA …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-325-april-2023-unified-court-system-ucs-security-and-lawState Agencies Bulletin No. 2104
… Revenue Service) tax withholding requirements for 2023 and other tax related topics. Affected Employees: Employees … OSC Actions: OSC has updated PayServ with the new Federal and New York tax requirements for 2023. OSC continues to use … to the following areas for 2023: Withholding Rates, and Tax Brackets Additional Withholding Adjustment for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2104-summary-tax-related-changes-2023State Agencies Bulletin No. 2095
… dues increase for employees represented by Council 82 in Bargaining Units 61 and 91. Affected Employees Members of Council 82 in Bargaining Units 61 and 91 are affected. Effective Dates … dues increase for employees represented by Council 82 in Bargaining Units 61 and 91 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2095-council-82-dues-increase