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Opinion 98-17
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … Expenses (defense and indemnification by municipality of employees of a public housing authority) PUBLIC OFFICERS … Whether a town may confer the benefits of Public Officers Law 18 upon employees of a town housing …
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
… Schneiderman announced today the conviction and sentencing of Robert J. Schusteritsch, 71, a resident of the state of Florida, for the crimes of Grand Larceny in the Second … T Schneiderman announced the conviction and sentencing of Robert J Schusteritsch for the crimes of Grand Larceny in …
https://www.osc.ny.gov/press/releases/2016/12/comptroller-dinapoli-and-ag-schneiderman-announce-conviction-and-sentencing-florida-man-theft-overOpinion 90-44
… §5-500). In the absence of a statutory definition, the term "compensation", for municipal law purposes, generally … and No. 79-741, p 150). The meaning to be ascribed to the term as used in any particular statute will necessarily … general scheme of which it is part" ( id ., at p. 213). In short, the meaning of a particular term in a statute cannot …
https://www.osc.ny.gov/legal-opinions/opinion-90-44Investors Reach Settlement with Wynn Resorts
… Thomas P. DiNapoli announced today. “We filed our lawsuit in response to serious and repeated allegations of … on behalf of a company when it is believed its officers or directors failed to comply with their fiduciary … States with an audited value of $210.5 billion as of March 31, 2019. The Fund holds and invests the assets of the …
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
… in New York City’s technology sector grew over the course of the COVID-19 pandemic, while most other economic sectors … (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 same period. “My latest report provides …
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
… market," said Stephen O’Neill, Managing Director of 57 Stars. “Northern Ireland enjoys an innovative technology … Fund. The firm was selected following an analysis by 57 Stars LLC, which manages the Emerging Europe Fund. The Common Retirement Fund and 57 Stars continue to seek out opportunities throughout Northern …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-announces-new-7-million-investment-northern-irelandWhat is a Defined Benefit Plan?
… may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from … Risk Investment risk is pooled, so a market downturn does not affect benefits. Employee is responsible for all …
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
… independent voice affirm our efforts,” DiNapoli said. “Our staff has helped build one of the nation’s strongest pension … challenges and risks of an increasingly volatile global market.” The FAS review determined that DiNapoli met all of … have changed dramatically over the years. There are market challenges and risks that require the Fund to increase …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingState Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… to sustainable investments to $5 billion. The cornerstone of DiNapoli’s plan is the creation of a $2 billion index that will exclude or reduce investments … where he is participating in an investors’ panel as part of the United Nations Climate Change Conference. “Low-carbon, …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureOpinion 92-10
… on the issues discussed in the opinion. ABANDONED AND LOST PROPERTY -- Money (unclaimed redemption payments on bearer … amounts paid on matured bearer serial bonds) ABANDONED PROPERTY LAW, §§300(1)(h), 500(1)(b), 501: A village acting as its own fiscal agent, or a banking organization acting as the village's …
https://www.osc.ny.gov/legal-opinions/opinion-92-10Opinion 89-49
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … opinion. FEES -- Court Fees (in proceeding for appointment of administrator c.t.a. or d.b.n., or successor executor) … a fee is properly imposed pursuant to subdivision 1 or 2 of section 2402 of the Surrogates Court Procedure Act SCPA …
https://www.osc.ny.gov/legal-opinions/opinion-89-49Penn Entertainment and MGM Resorts Letters
I write as Trustee of the New York State Common Retirement Fund (Fund), one of the largest public pension funds in the United States, which holds and invests the assets of the New York State and Local Retirement System on behalf of its 1.2 million members, retirees, and beneficiaries.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/penn-entertainment-mgm-resorts-letters.pdfState Contract and Payment Actions in October
… of the Attorney General $5.5 million with B/A Investors LLC for office space in Albany County. $1.2 million with Duff … City of Buffalo’s East Side through the Community-Based Real Estate Development Training program. Gaming Commission $10 …
https://www.osc.ny.gov/press/releases/2022/11/state-contract-and-payment-actions-octoberGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… board of CERES, a leading sustainability organization and founded "Investing in a New Climate," a workshop series for … by the Asset Owners Disclosure Project. The Fund's fiscal year ends March 31, 2018. Learn more about sustainable …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelXVI.3.B Fund Accounting – XVI. Financial Reporting
… Policy References: GASB Codification Section 1300 – Fund Accounting Process and Document Preparation: New York State has three broad fund categories that are further divided into fund types. A fund type is the grouping of all funds of … New York State has three broad fund categories that are further divided into fund types …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3b-fund-accountingNew York State Pension Fund Sets 2040 Net Zero Carbon Emissions Target
… This process will include completion within four years of a review of investments in energy sector companies, using … future is essential to protect the fund’s long-term value,” State Comptroller DiNapoli said. “Achieving net-zero … companies that consistently put our investment’s long-term value at risk. I am grateful for Senator Liz Krueger’s focus …
https://www.osc.ny.gov/press/releases/2020/12/new-york-state-pension-fund-sets-2040-net-zero-carbon-emissions-targetState Comptroller DiNapoli Releases Municipal & School Audits
… that annually overestimated appropriations by an average of $1.3 million (9%) per year, or a cumulative total of approximately $6.4 million. The majority of the … in accordance with state law. During the audit period, the value of the district’s LOSAP assets declined and so the …
https://www.osc.ny.gov/press/releases/2025/07/state-comptroller-dinapoli-releases-municipal-school-audits-0Opinion 90-60
… that bear on the issues discussed in the opinion. REFUSE AND GARBAGE -- Solid Waste Facility (validity of installment purchase contract to finance recycling center under General Municipal Law, §120-w) PUBLIC …
https://www.osc.ny.gov/legal-opinions/opinion-90-60State Agencies Bulletin No. 2401
… Purpose: The purpose of this bulletin is to notify agencies of an automatic dues increase for … salary factors. Dues for employees who receive an increase to base salary, Increment, or Longevity Pay with an effective … (code 475) are 1.3% of biweekly gross salary, not to exceed $36.13 per paycheck, and exclude overtime. Agency …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2401-civil-service-employees-association-csea-local-1000-dues-increaseState Police Bulletin No. SP-262
… Purpose: The purpose of this bulletin is to notify agencies of an automatic dues increase for … increase the current dues (code 227) amount from $52.95 to $58.60. Agency Actions: Agencies must notify affected … Questions regarding this bulletin may be directed to the Payroll Deduction mailbox. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-262-new-york-state-police-investigators-association-nyspia-dues-increase