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The Age 55 Plan – Basic Plan with Increased-Take-Home-Pay (ITHP)
… years of credited service, you may choose to retire with a full benefit at age 62, or between the ages of 55 and 62 with … special plan. The Benefit If you are eligible to receive a full benefit, your pension will equal: 1/120th (.83 percent) …
https://www.osc.ny.gov/retirement/publications/1511/age-55-planOpinion 88-12
… and operation costs. The method or formula may be based on full valuation of real property, amount of services rendered …
https://www.osc.ny.gov/legal-opinions/opinion-88-12Opinion 88-70
… -- Advisory (fluoridation of water) GENERAL CITY LAW, §20(2), (7); GENERAL MUNICIPAL LAW, §6-c(8): LOCAL FINANCE LAW, §34.00: In the absence of express statutory authority, a …
https://www.osc.ny.gov/legal-opinions/opinion-88-70Opinion 96 - 11
… terms in the public interest (see, e.g., Matter of New City v Flagg , 111 AD2d 814, 490 NYS2d 560 affd 66 NY2d …
https://www.osc.ny.gov/legal-opinions/opinion-96-11MTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… MTA’s initial estimate of $709 million to $1.9 billion, an increase of 170 percent. The cost of the Queens segment, … has grown from less than $2.2 billion to $5.6 billion, an increase of more than 150 percent. The federal government’s … the completion of East Side Access in 2019, is expected to increase overcrowding on subway platforms and surrounding …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… A new report by New York State Comptroller Thomas P. DiNapoli shows the challenges faced by the state’s school districts are as varied as the state … property values and incomes, districts with higher wealth, by these measures, generally receive less aid and rely more …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityDiNapoli: NYC Budget Is Balanced but Risks Loom As Fiscal and Economic Concerns Grow
… York City’s adopted $119.7 billion fiscal year (FY) 2026 budget is currently balanced (including pre-payments) but … or cost savings will need to be identified to balance the budget in coming years. DiNapoli’s report notes that for the … levies during the fiscal year than anticipated when the budget was adopted. Since June 2024, city revenue estimates, …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-nyc-budget-balanced-risks-loom-fiscal-and-economic-concerns-growDiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… While about one-third of this was replaced with borrowed funds, $507.2 million, or nearly 15 percent of total … the state's Real Estate Transfer Tax (RETT); a portion of unclaimed bottle and can deposits; certain penalties … over deposit initiators' management and repayment of unclaimed container deposits. The shortcomings in the …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentState Comptroller DiNapoli Releases Audits
… York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued. … of Environmental Conservation (DEC): Oversight of the Pesticide Reporting Law (2017-S-57) Tests of samples of … entries found that they were reasonably accurate based on the certified applicators’ and sellers’ self-reported data. …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-releases-auditsDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… for start-up and growth-stage businesses with a focus on Black, Indigenous and people of color, immigrant communities …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… The median assumed rate of return for public pension funds is 7.62, according to a February 2016 brief issued by …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18State Comptroller Thomas P. DiNapoli Joins Lawmakers in Applauding New Law to Fight Government Waste
… of improper payments and identify fraud, waste and abuse in the state. Identifying transactions at the earliest … a vast amount- of financial data and identify millions in waste, fraud and abuse of taxpayer dollars," DiNapoli … to understanding the issues and their careful deliberation in the development of this proposal. My thanks also to …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-thomas-p-dinapoli-joins-lawmakers-applauding-new-law-fight-government-wasteIT Security Fundamentals – Information Technology Governance
… A combination of controls helps ensure that your system does not become overly dependent on any one control or layer … in case a layer of security fails to function properly or does not prevent or stop a threat to your data or system. …
https://www.osc.ny.gov/local-government/publications/it-governance/it-security-fundamentalsSelected Financial Management Practices
… Purpose To determine if the Hudson River Park Trust has established adequate controls over the following financial management functions: revenue and … cash investments; and equipment and asset management. The audit covered the period April 1, 2010 through March 26, …
https://www.osc.ny.gov/state-agencies/audits/2014/12/26/selected-financial-management-practicesState Comptroller DiNapoli Releases Municipal and School Audits
… and reliable accounting records were not maintained. For example, the Dec. 31, 2022 ending bank statement balances …
https://www.osc.ny.gov/press/releases/2025/02/state-comptroller-dinapoli-releases-municipal-and-school-auditsComptroller's NYS Common Retirement Fund Responsibilities
… doing business with the Fund. Provided a leading voice in getting the Securities and Exchange Commission to impose …
https://www.osc.ny.gov/common-retirement-fund/responsibilities2022 Black History Month Celebration
… Watch a Replay of the Event In honor of Black History Month, Comptroller DiNapoli hosted a fireside … the American Way. Click below to hear from these prominent black leaders who advocate for protecting people in need and … Executive Director People for the American Way About Black History Month The first Black History Month was …
https://www.osc.ny.gov/events/2022-black-history-month-celebrationSchalmont Central School District – Financial Condition Management (2018M-15)
… fund, close completed projects and transfer any excess funds to the appropriate fund in a timely manner. …
https://www.osc.ny.gov/local-government/audits/school-district/2018/04/13/schalmont-central-school-district-financial-condition-management-2018m-15Worcester Central School District – Unassigned Fund Balance (2016M-1)
… Town of Harpersfield in Delaware County and the Towns of Decatur, Maryland, Westford and Worcester in Otsego County. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/worcester-central-school-district-unassigned-fund-balance-2016m-1Shoreham-Wading River Central School District – Financial Management (2017M-75)
… 31, 2016. Background The Shoreham-Wading River Central School District is located in the Towns of Brookhaven and … ShorehamWading River Central School District Financial Management 2017M75 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/16/shoreham-wading-river-central-school-district-financial-management-2017m