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Member & Retiree E-News Archive — 2024
… make sure you receive the latest Retirement System member and retiree news. December 2024 Members Now Scheduling … Information by 12/31 Make Sure You Receive Your 1099-R and Annual Statement Schedule a Change of Address with … 2024 Members National Retirement Security Month NYSLRS and Retirement Security The 3-Legged Stool Approach to …
https://www.osc.ny.gov/retirement/publications/member-retiree-e-news-archive-2024NYS Common Retirement Fund Reports Third Quarter Results
The New York State Common Retirement Funds Fund estimated return in the third quarter of the State Fiscal Year SFY 202021 was 1001 percent for the threemonth period ending Dec 31 2020 and ended the quarter with an estimated value of $2477 billion according to Comptroller DiNapoli
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Announces First Quarter Results
The New York State Common Retirement Funds Fund overall estimated value in the first quarter of the State Fiscal Year 20182019 was $2092 billion based on a 153 percent investment return over the threemonth period ending June 30 2018
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: State Needs To Do More for Growing Mental Health Crisis in Schools
… many students in New York, but not enough is being done to make sure they are getting the information and support they need,” DiNapoli said. “The State Education Department should … mental health education standards, so it cannot be sure of what districts are, or are not, providing students. …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-needs-do-more-growing-mental-health-crisis-schoolsHDT (Magtape) File Layout
The Unclaimed Funds record layout within an HDT text file should have a length of 384 characters. Please note that although this format is acceptable, we do not
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/hdt-magtape-file-layout.pdfChazy Union Free School District – Lead Testing and Reporting (S9-25-13)
… and implement needed remediation to reduce lead exposure in potable water outlets? Audit Period July 1, 2019 – September 30, 2024 Understanding the Program Lead is a metal that was commonly used in … or implement needed remediation to reduce lead exposure in all potable water outlets as required by NYS Public Health …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/11/chazy-union-free-school-district-lead-testing-and-reporting-s9-25-13Alden Central School District – Fuel Management (2024M-90)
… totaling $9,176. Officials did not maintain physical (i.e., dip stick) tank readings or perform periodic inventory … not identify fuel overcharges totaling $1,498. Officials do not know how many employees and non-District fuel users … and the Crittenden Volunteer Fire Company (Fire Company) have keys to access the District’s fuel tanks, potentially …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/alden-central-school-district-fuel-management-2024m-90DiNapoli: NYC's Property Tax Bills Rise Along With Burden on Working- and Middle-Class Homeowners
… The State Comptroller determined this was due in part to market volatility and aspects of how the city calculates … property taxes. “New York City’s residential real estate market has proven resilient to the pandemic as prices remain … co-ops and condos are generally not assessed based on market value driven by sales prices, but instead on the value …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-nycs-property-tax-bills-rise-along-burden-working-and-middle-class-homeownersDiNapoli: State Department of AG and Markets Should Improve Pollinator Protection Program
… Comptroller Thomas P. DiNapoli. “New York’s farmers know how important honey bees and other pollinators are to our … audit found the Department of Agriculture and Markets can do more to detect the diseases and parasites that destroy bee … economy and we should do everything we can to support it. I encourage the Department to implement my recommendations …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-department-ag-and-markets-should-improve-pollinator-protection-programSelected Controls Over the Property Tax Assessment Process (Follow-Up)
… Objective To determine the extent of implementation of the ten recommendations included in our initial report, … problems we identified in the initial audit report. Of the ten audit recommendations, three were implemented, six were … To determine the extent of implementation of the ten recommendations included in our initial report Selected …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followReal Property Tax Cap: Overview of the Role of the Office of the State Comptroller
… The State’s property tax cap limits the amount of property taxes that local … A) law [pdf]. Determines How Local Governments Report Tax Cap Information Local governments and school districts … any information necessary to calculate their property tax caps to the State Comptroller for the coming fiscal or …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-overview-role-office-state-comptrollerSFY 2022-23 Annual Report of the Office of Unclaimed Funds
State Fiscal Year 2022-23 was another productive year for the Office of Unclaimed Funds, returning millions to rightful owners.
https://www.osc.ny.gov/files/unclaimed-funds/resources/pdf/annual-report-sfy-2022-23.pdfThe Survivor’s Benefit Program for Retired NYS Employees
… Your beneficiary may receive a benefit of $3,000 if you left State service* on or after April 1, 1970, or $2,000 … You are automatically covered for this benefit if you have ten years of full-time State service within the 15 years … for certain benefits, including the survivor’s benefit, can be revoked when a divorce, annulment or judicial …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-retired-nys-employeesVillage of Monticello – Board Oversight (2013M-226)
… Purpose of Audit The purpose of our audit was to assess the oversight provided by the Board for the period … insufficient funds totaling over $147,000 for Village bank accounts. Village officials do not know the amount of … disbursements are made by the Treasurer only after such approval. Gain a full understanding of the Village’s current …
https://www.osc.ny.gov/local-government/audits/village/2014/02/14/village-monticello-board-oversight-2013m-226DiNapoli: Food Giant ConAgra Agrees to State Pension Fund's Proposal to Buy Sustainable Palm Oil
… the largest food manufacturers in the U.S., has committed to using only sustainably-sourced palm oil that is grown and harvested in ways that do not contribute to rainforest destruction. As a result of the company’s new … Green Century Capital Management. “ConAgra’s commitment to sustainable palm oil helps enhance the company’s long-term …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-food-giant-conagra-agrees-state-pension-funds-proposal-buy-sustainable-palm-oilOvertime Limits – Enhanced Reporting
… year-to-date totals if the automatic capping feature is not in effect yet. Report overtime above and below the … you use depend on whether the automatic capping feature is in effect). Do not withhold member contributions from … 2024 report or earlier , the automatic capping feature is in effect for the ERS members you report. If you begin …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-limitsCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… employer’s invoiced contribution (not including payments for deficiency, previous amortizations, incentive costs or … contribution. Example of a Graded Payment Calculation for an ERS Employer (for Fiscal Year End 2024) Employer’s billable salary … calculates an employers maximum amortization amount for the Contribution Stabilization Program …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentDiNapoli Presses Companies on Political Disclosure
… the subject of shareholder votes at the companies’ annual meetings this spring. “Investors have the right to know if …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureCollection and Use of the Motor Vehicle Law Enforcement Fee
… insured in the State. The Fee is collected by the insurance companies and remitted to the Department. Between April 2008 and March 2012, insurance carriers remitted $384.8 million to the Department. … attorney's offices to combat motor vehicle theft and insurance fraud. The State Police uses Fee revenue to fund …
https://www.osc.ny.gov/state-agencies/audits/2013/07/12/collection-and-use-motor-vehicle-law-enforcement-feeDiNapoli and William Glasgall Op-Ed
… The Bond Buyer published an op-ed from New York State Comptroller Thomas P. DiNapoli and … City to the precipice of bankruptcy. As the city emerged from its crisis, in part due to the stewardship of a true … This comprehensive accounting forced the city away from the cash basis accounting it had used in budgets to hide …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-and-william-glasgall-op-ed