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DiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… Fund (Fund) will restrict investments in 21 shale oil and gas producing companies, including Pioneer Natural Resources … the Fund’s investment portfolio to net zero greenhouse gas emissions by 2040 . “As market forces and new policies … and dynamic future,” DiNapoli said. “The shale oil and gas industry faces numerous obstacles going forward that pose …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesDiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year … "Solid investment returns help keep contribution rates stable and that provides predictability for employers … the PFRS will remain at 23.5 percent of payroll. Employer rates for the New York State and Local Retirement System …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020DiNapoli Announces New Technology Investment Through Contour Venture Partners
… specializing in boosting sales through tracking website visitor activity, received venture funding through Contour … cursor movement and anticipates the precise second a visitor is preparing to leave the website. At that point, the program offers the visitor an additional opportunity to finalize their purchase …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersShareholders Send Exxon a Strong Message on Climate Change
… showed significant support for a motion asking the company to report on how its business will be affected by worldwide efforts to combat climate change, despite the board of directors’ opposition. The resolution, filed by New York State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2016/05/shareholders-send-exxon-strong-message-climate-changeState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… a reality. I’m determined to keep New York State’s pension plan well-funded and invested in the emerging low carbon … It has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programNYS Common Retirement Fund Reports Third Quarter Results
… period ending Dec. 31, 2020, and ended the quarter with an estimated value of $247.7 billion, according to New York … period ending Dec 31 2020 and ended the quarter with an estimated value of $2477 billion according to Comptroller …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the … today announced that the New York State Common Retirement Funds Fund investment return was 951 for the state fiscal …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnArkville Fire District – Internal Controls Over Financial Activities (2015M-65)
… Purpose of Audit The purpose of our audit was to determine if District officials provided adequate oversight of the financial activity to safeguard District assets for the period January 1 through … and bank statements or compare canceled check images to approved abstracts to verify that prior approved claims …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/07/03/arkville-fire-district-internal-controls-over-financial-activities-2015m-65Archived: Legislative Session 2021–2022
… codes of ethics to prohibit activities expressly permitted by article 18 of the General Municipal Law. Public Authority … (Abbate/Gounardes) – Requires the payment of salaries by direct deposit for state employees hired after January 1, … pre-audit of expenditures from the state insurance fund by the state comptroller. Natural Gas Damage Compensation …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022Opinion 91-42
… This opinion represents the views of the Office of the State Comptroller at the time it was … that bear on the issues discussed in the opinion. FIRE DEPARTMENT -- Villages (authority to transfer department funds to village treasurer); (cooperative … Whether a village and a village fire department may agree to transfer to the village treasurer the …
https://www.osc.ny.gov/legal-opinions/opinion-91-42State Comptroller DiNapoli Releases Municipal & School Audits
… purchases for “going away parties,” a teacher’s bridal shower and staff holiday parties. Additionally, the board …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… and timeframe. The evaluation of the Fund’s oil sands holdings are part of DiNapoli’s broader review of the …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli Announces More Climate Actions; NYS Pension Fund Launches Evaluation of Shale Oil and Gas Companies
… Marathon Oil Corp., ConocoPhillips and Hess Corp. Shale rock deposits containing reserves of crude oil and natural … on DiNapoli’s Climate Investment Actions Since taking office in 2007, DiNapoli has been recognized as a global …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-more-climate-actions-nys-pension-fund-launches-evaluation-shale-oil-and-gasState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return investment … state pension fund’s average rate of return is 7 percent over the past five years, 10.34 percent over 10 years, 6.64 … if payment is made by Dec. 15, 2020. To read the report , go to: …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… environmentally sustainable practices. In response: Capri Holdings (CPRI), Dollar General Corporation (DG), Keurig Dr. …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesChenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… identify investment shortfalls. Verify that businesses are meeting agreed upon job creation and retention goals. Track … as stated in applications. Verify that businesses are meeting agreed upon job creation and retention goals. Track …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoringMcConnellsville Fire District – Financial Operations (2014M-19)
… 31, 2013. Background The McConnellsville Fire District is a district corporation of the State, distinct and separate from the Towns of Vienna and Annsville, in Oneida County. The District is governed by a five-member Board of Commissioners. Its general fund budget …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/04/04/mcconnellsville-fire-district-financial-operations-2014m-19Cost-Saving Ideas: Legal Requirements
… corporation pursuant to a municipal cooperation agreement. Banking Law Section 107-a requires a bank or trust company to … certain conditions. Additional statutes that relate to banking include: GML Section 5-a authorizes local government … the receipt of check images in lieu of cancelled checks. Banking Law Section 96-d allows a local government, in …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… and Exchange Commission’s (SEC) adoption of the Climate Change Disclosure Rule: “This is a significant victory for … the real investment risks associated with climate change. “Today’s action by the SEC will greatly improve the … and Exchange Commissions SEC adoption of the Climate Change Disclosure Rule This is a significant victory for …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… Common Retirement Fund (Fund) has committed $20 million to the Tribeca Venture Partners Growth Fund to invest in local companies, New York State Comptroller … In-State Private Equity Program (the In-State Program) to $1.6 billion. "We're investing in companies across New …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-program