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DiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks
… Common Retirement Fund (Fund), companies are taking action to address investment risks posed by climate change and … and opportunities for investors, but corporate America has to step up, adapt and address the challenges they’re facing,” DiNapoli said. “As the state pension fund’s trustee, it’s my responsibility to protect and strengthen our …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risksNational Investors Call for Workplace Disability Inclusion
… Stringer, Illinois State Treasurer Michael Frerichs, the California State Teachers Retirement System (CalSTRS), and …
https://www.osc.ny.gov/press/releases/2019/05/national-investors-call-workplace-disability-inclusionDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… pension plan in the country, announced today. This action is tied to DiNapoli’s comprehensive Climate Action Plan to … of sand, water, clay and bitumen. Oil sands production is more costly and carbon-intensive than other forms of crude … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United States …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli Presses Companies on Political Disclosure
… New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund (Fund), … reached an agreement with Hilton Worldwide Holdings Inc. to fully disclose its political spending and has filed …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureOpinion 88-15
… company) GENERAL MUNICIPAL LAW, §§800(3), 801: A village trustee who is also the comptroller of an insurance company … listed in General Municipal Law, §801. This is in reply to your letter, written in your capacities as village trustee and school district attorney, in which you state that …
https://www.osc.ny.gov/legal-opinions/opinion-88-15Debt – 2022 Financial Condition Report
… creates fixed costs that directly affect its ability to provide current services, as well as its long-term fiscal … High borrowing levels may: Indicate reduced ability to support current programs with current revenues. Force … directly or indirectly, to a public authority, bank trustee or other municipal issuer. More than 97 percent of …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtDiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season
… 2021 proxy season, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. This was the first … reality with more and more companies recognizing the need to adapt their businesses and address the financial risks … the 2021 proxy season State Comptroller Thomas P DiNapoli trustee of the Fund announced today …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-announces-unprecedented-support-climate-actions-during-2021-proxy-seasonDebt – 2021 Financial Condition Report
… Highest in Outstanding Debt Nationwide At the end of SFY 2020-21, the State reported the following debt levels: $2.2 … authorized the issuance of up to $5 billion in borrowings for State cash flow relief, consisting of a $2 billion line … next five years, declining to $4 billion in SFY 2025-26. For the second year in a row, the SFY 2021-22 Enacted Budget …
https://www.osc.ny.gov/reports/finance/2021-fcr/debtState Comptroller DiNapoli Details Progress on Corporate Political Spending Disclosure
… announced today. DiNapoli also announced that he called on 16 companies, including Tesla Inc., Domino’s Pizza Inc., and … companies and shareholders. It is even more important this year with the heightened risks companies face from political … New Requests In 2024, DiNapoli asked a new set of 16 companies to comprehensively disclose their political …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-details-progress-corporate-political-spending-disclosureDiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies
… Plan Progress Report . “As trustee of the Fund, one of my top priorities is safeguarding the investments made for … quality and quantity targets, while Realty Income Corp., a real estate investment trust, agreed to adopt and publish a … GHG targets; Chevron Corp., seeking disclosure of how reductions in virgin plastic demand may impact its …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-ny-pension-fund-reaches-climate-agreements-five-portfolio-companiesComptroller DiNapoli and A.G. Schneiderman Announce Arrest of Florida Man for Theft of Over $180,000 in NYS Pension Benefits
… Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2016/09/comptroller-dinapoli-and-ag-schneiderman-announce-arrest-florida-man-theft-over-180000-nys-pensionOpinion 98-17
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that …
https://www.osc.ny.gov/legal-opinions/opinion-98-17Comptroller DiNapoli and A.G. Schneiderman Announce Conviction and Sentencing of Florida Man For Theft of Over $180,000 in NYS Pension Benefits
… the New York State and Local Employees Retirement System to his deceased brother, Martin Petschauer, between July 2008 … said State Comptroller DiNapoli. "My office will continue to thwart pension thieves and protect our New York State & … for the benefit of Petschauer; Schusteritsch was the sole trustee for his brother and had exclusive access to the bank …
https://www.osc.ny.gov/press/releases/2016/12/comptroller-dinapoli-and-ag-schneiderman-announce-conviction-and-sentencing-florida-man-theft-overU.S. Environmental Protection Agency
I write as Trustee of the New York State Common Retirement Fund (CRF, or Fund), one of the largest public pension plans in the United States, valued at $248.5 billion as of March 31, 2023.
https://www.osc.ny.gov/files/press/pdf/u.s.-environmental-protection-agency-regan.pdfOpinion 90-44
… §5-508[3]) VILLAGE LAW, §5-508: The compensation proposed to be paid to members of a village board of trustees which must be … to state only the salary proposed to be paid to each trustee, without regard to the cost or value of fringe …
https://www.osc.ny.gov/legal-opinions/opinion-90-44Investors Reach Settlement with Wynn Resorts
… and directors of Wynn Resorts Ltd. claiming they failed to protect the company and employees from former CEO Steve … announced today. “We filed our lawsuit in response to serious and repeated allegations of sexual misconduct by … Stringer is the investment advisor to, and custodian and a trustee of, the New York City Pension Funds (the “NYC Funds”) …
https://www.osc.ny.gov/press/releases/2019/11/investors-reach-settlement-wynn-resortsDiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… Jobs in New York City’s technology sector grew over the … employment in New York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s private sector lost 3.3% of jobs during this …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesDiNapoli Announces New $7 Million Investment in Northern Ireland
… New York State Comptroller Thomas P. DiNapoli today announced … Fund (Fund) is investing $7 million (£5 million) in Northern Ireland through the Bank of Ireland Kernel …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-announces-new-7-million-investment-northern-irelandWhat is a Defined Benefit Plan?
… of a defined benefit plan , also known as a traditional pension plan. Defined benefit plans provide several … by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … plans, including your NYSLRS plan, are calculated based on a preset formula and provide a specified payment amount at …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… future consequences. “Since taking office, I have sought to establish our state’s pension fund as a leader in transparency, ethics and effectiveness. It’s gratifying to have an independent voice affirm our efforts,” DiNapoli … DiNapoli met all of his fiduciary duties as the Fund’s trustee: “The Comptroller consistently acts in the sole …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffing