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DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… Common Retirement Fund’s investment return was 11.55% for the state fiscal year that ended March 31, 2024. The Fund … historic value and rate of return in prior years Return for the third quarter Return for 2023 … State Common Retirement Funds investment return was 1155 for the state fiscal year that ended March 31 2024 …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… and minimize market impact. “Russia’s unlawful invasion of Ukraine has led to unprecedented sanctions against Russian … Fund The New York State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewState Comptroller DiNapoli Releases School District Audits
… Central School District – Cash Management (Fulton County, Saratoga County and Montgomery County) District officials did not develop and …
https://www.osc.ny.gov/press/releases/2020/10/state-comptroller-dinapoli-releases-school-district-audits-0Emerging Manager Program
… Common Retirement Fund (the Fund) invests with emerging managers directly, or with the assistance of managers of managers or program partners, in separately managed accounts … Common Retirement Fund the Fund invests with emerging managers directly or with the assistance of managers …
https://www.osc.ny.gov/common-retirement-fund/emerging-managerGlobal Investor Coalition Calls on Exxon to Prepare for a Lower Carbon Future
… by New York State Comptroller Thomas P. DiNapoli and the Church of England are urging ExxonMobil to disclose the … Edward Mason, the Head of Responsible Investment for the Church of England’s investment fund. “As responsible … shareholder proposal filed by Comptroller DiNapoli and the Church of England’s investment fund asks ExxonMobil to …
https://www.osc.ny.gov/press/releases/2016/01/global-investor-coalition-calls-exxon-prepare-lower-carbon-futureInvestors: Exxon Needs to Step Up on Climate Change
… On the eve of ExxonMobil’s annual meeting, New York State … in climate change. In recent weeks, similar proposals have won a majority at two energy companies and record high votes … have filed the proposal at several other corporations and won majority shareholder support at Pennsylvania’s largest …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeNYS Pension Fund Commits $2 Billion to Climate Transition Index
… its internally managed public equity portfolio to FTSE Russell's Russell 1000 TPI Climate Transition Index (CTI) in connection … businesses based on their transition readiness. FTSE Russell is one of the largest index providers in the world …
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… top GHG emitters in its portfolio, including ExxonMobil Corp., AES Corp. and Duke Energy Corp. Letters were sent to: Phillips 66 Co. Xcel Energy Inc. …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsState Comptroller DiNapoli Releases School District Audit
… policy. District officials should solicit interest rate quotes to maximize interest earnings and prepare monthly cash …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-school-district-auditAlton Fire District – Internal Controls Over Financial Operations (2015M-96)
… Purpose of Audit The purpose of our audit was to determine if the Board provided adequate oversight of the District’s financial operations to ensure that assets …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/07/10/alton-fire-district-internal-controls-over-financial-operations-2015m-96Stamford-Harpersfield-Kortright Fire District – Financial Activities (2020M-123)
… Fire District (District) Board of Fire Commissioners (Board) established adequate controls … adequate controls or provide adequate fiscal oversight of the Treasurer. As a result, District assets were not … or Adopt a procurement policy, investment policy or code of ethics, as required. Although the Treasurer’s financial …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/01/29/stamford-harpersfield-kortright-fire-district-financial-activities-2020mDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… thought they wouldn't get caught, however most investment scams are eventually detected under the watchful eye of law enforcement," said United States Postal Inspector …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationAssociate Counsel Pension Investment Unit (2 Vacancies)
The Office of the State Comptroller has two Associate Counsel Vacancies. Both Associate Counsel positions will work closely with investment staff on the negotia
https://www.osc.ny.gov/files/employment/pdf/associate-counsel-05-2018.pdfPultneyville Fire District – Internal Controls Over Financial Operations (2015M-80)
… total $132,950. Key Findings The Board has not adopted an investment policy, which is required by State General … District’s financial records. Key Recommendations Adopt an investment policy. Review the Treasurer’s monthly bank …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/06/26/pultneyville-fire-district-internal-controls-over-financial-operationsCincinnatus Fire District – Financial Controls (2014M-49)
Cincinnatus Fire District Financial Controls 2014M49
https://www.osc.ny.gov/local-government/audits/fire-district/2014/04/25/cincinnatus-fire-district-financial-controls-2014m-49Pocatello Fire District – Board Oversight and Treasurer’s Records and Reports (2016M-301)
… The Board did not develop a procurement policy or an investment policy. The Board did not develop a code of … policies and procedures that include purchasing and investment requirements. Develop and formally adopt a code of …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/01/13/pocatello-fire-district-board-oversight-and-treasurers-records-and-reportsTown of Saranac - Cash Management (2019M-32)
… Audit Objective Determine whether Town officials maximized interest earnings and minimized bank fees. Key Findings The Board did not develop and manage a comprehensive investment program to ensure interest earnings were maximized and bank fees were … Determine whether Town officials maximized interest earnings and minimized bank fees …
https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32NYS Common Retirement Fund Reports Second Quarter Results
… Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was … to New York State Comptroller Thomas P. DiNapoli. “A second straight quarter of strong investment returns raised … State Common Retirement Funds Fund estimated return in the second quarter of the State Fiscal Year SFY 202021 was 624 …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsStart Saving for Retirement
… retirement. (Return to Top) Start Saving Early So Your Money Has Time to Grow It’s important to start saving as early in your career as you can so your money has time grow—or compound. When you invest your savings … and your return on investments compound—meaning your money increases in value by earning returns on both the …
https://www.osc.ny.gov/retirement/members/saving-for-retirementDiNapoli Announces New Technology Investment Through Contour Venture Partners
… funding through Contour Venture Partners, an investment partner of the New York State Common Retirement Fund (Fund), … employees and investors," said Bob Greene, co-managing partner of Contour Venture Partners in New York City. The … funding through Contour Venture Partners an investment partner of the New York State Common Retirement Fund State …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partners