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DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… Common Retirement Fund (Fund) that commended the Fund for its strong policies and ethical management, stating that … compared to most peers it remains severely understaffed for its scale and complexity, with underdeveloped risk … staff compensation levels are in the bottom quartile for similar public pension funds. There is justifiable …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDiNapoli Reaffirms Commitment to DEI Initiatives
… companies, including filing shareholder proposals at Tesla Inc., Wells Fargo and Co., Chipotle Mexican Grill Inc., and … companies currently lack the disclosure that has become a best practice among publicly traded companies. Board … 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/2024/03/dinapoli-reaffirms-commitment-dei-initiativesCost-Saving Ideas: Containing Employee Health Insurance Costs
… a stop-loss policy from an insurer to cover catastrophic healthcare costs above a certain amount. Contact other local … Other Resources: New York State Insurance Department NGA Center for Best Practices: State Employee Wellness …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-containing-employee-health-insurance-costsNYS Comptroller DiNapoli and the Fire and Police Pension Association of Colorado Statements on Proposed Settlement of Boeing Lawsuit
… P. DiNapoli and the Fire and Police Pension Association of Colorado (FPPA) issued the following statements today regarding the proposed settlement of their derivative lawsuit against the directors of The Boeing Company. State Comptroller DiNapoli, … P DiNapoli and the Fire and Police Pension Association of Colorado FPPA issued the following statements today …
https://www.osc.ny.gov/press/releases/2021/11/nys-comptroller-dinapoli-and-fire-and-police-pension-association-colorado-statements-proposedNew York State Comptroller DiNapoli & Fire and Police Pension Association of Colorado Announce Appointment as Lead Plaintiffs in Boeing Shareholder Lawsuit
… lawsuit filed against current and former directors and executive officers of The Boeing Company. The order … and former members of Boeing’s Board of Directors and executive officers on June 12, alleging that they breached … company and indifference to public safety.” Dan Slack , Executive Director of the Fire and Police Pension Association …
https://www.osc.ny.gov/press/releases/2020/08/new-york-state-comptroller-dinapoli-fire-and-police-pension-association-colorado-announce-appointmentDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… of America Merrill Lynch Capital Access Funds for private equity investments and a $400 million commitment to Leading … Edge Investment Advisors for a new small capitalization equity investment platform. The Fund is one of a few public … been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 percent of …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programNYS Comptroller DiNapoli Seeks Answers From Companies on Sexual Harassment and Racial Discrimination
… the company is trying to resolve internally or through litigation. Beyond the pain and suffering they cause, the … of Fair Employment and Housing’s investigation resulted in litigation alleging discrimination, retaliation and unequal …
https://www.osc.ny.gov/press/releases/2022/02/nys-comptroller-dinapoli-seeks-answers-companies-sexual-harassment-and-racial-discriminationNYS Comptroller DiNapoli: ExxonMobil Agrees to Assess Impacts of Climate Change
… New York State Common Retirement Fund (the Fund) and the Church of England, received landslide support from more than … Fund's Engagement with Exxon Dec. 2015: The Fund and the Church of England first file their proposal with ExxonMobil. … support the Fund's proposal. Nov. 2016: The Fund and the Church of England refile the proposal. May 31, 2017: 62.3 …
https://www.osc.ny.gov/press/releases/2017/12/nys-comptroller-dinapoli-exxonmobil-agrees-assess-impacts-climate-changeDiNapoli: State Pension Fund Calls on Companies to Address Climate Risk, Transition to Cleaner Operations
… with five major U.S. companies, including Domino’s Pizza Inc., to set targets to reduce their greenhouse gas emissions … pledged to adopt GHG targets; Steel maker Cleveland-Cliffs Inc. has set GHG targets and committed to co-funding a green … with five major US companies including Dominos Pizza Inc to set targets to reduce their greenhouse gas emissions …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-state-pension-fund-calls-companies-address-climate-risk-transition-cleaner-operationsComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… for businesses during this unprecedented challenge,” said Patrick J. MacKrell, President and CEO of Pursuit. “This …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionState Comptroller Thomas P. DiNapoli Statement on IDA Reform Legislaton (S.5867/A.7915)
… “My thanks to Assemblyman Magnarelli and Senator Marchione for encouraging New York to adopt meaningful oversight and … to recognize the New York Economic Development Council for its partnership in creating sensible legislation to that … local communities. My thanks also to Governor Cuomo for recognizing the value of this proposal and signing the …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-thomas-p-dinapoli-statement-ida-reform-legislaton-s5867a7915Overview – XI. Procurement and Contract Management
… is intended to significantly lessen the time it takes for the Office of the State Comptroller (OSC) to audit and … 1 and Equipment procurements that use an Invitation for Bid (IFB) are eligible for the Quick Contracting program if they meet the prescribed … is intended to significantly lessen the time it takes for the Office of the State Comptroller OSC to audit and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi6-overviewDelaware-Chenango-Madison-Otsego (DCMO) Board of Cooperative Educational Services – Procurement (2021M-193)
… totaling $49,300 where competition was not sought, as required by the Board-adopted policy. The Purchasing Agent … totaling $250,200 were evaluated every three years, as required by the Board-adopted policy. Key Recommendations … Ensure quote documentation is obtained and retained as required. Ensure evaluations of professional service …
https://www.osc.ny.gov/local-government/audits/boces/2022/02/11/delaware-chenango-madison-otsego-dcmo-board-cooperative-educational-servicesTown of Hempstead Local Development Corporation – Fund Balance (2021M-61)
… report - pdf ] Audit Objective Determine whether the Town of Hempstead Local Development Corporation’s (THLDC) Board of Directors (Board) effectively managed fund balance. Key … or adopt a fund balance policy that addresses what level of fund balance is needed or how any surplus funds will be …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/07/02/town-hempstead-local-development-corporation-fund-balanceFly Creek Fire District – Non-Payroll Disbursements (2022M-115)
… report - pdf] Audit Objective Determine whether the Fly Creek Fire District’s (District) non-payroll disbursements were supported, for proper District purposes, competitively procured and … the District’s non-payroll disbursements were supported, for proper District purposes and audited prior to payment, …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/09/23/fly-creek-fire-district-non-payroll-disbursements-2022m-115Town of McDonough – Financial Operations (2017M-120)
… of our audit was to review the Town’s financial operations for the period January 1, 2016 through March 23, 2017. … an elected five-member Town Board. Budgeted appropriations for the general and highway funds for 2017 total $678,550. Key Findings Town officials …
https://www.osc.ny.gov/local-government/audits/town/2017/09/15/town-mcdonough-financial-operations-2017m-120Decarbonization Advisory Panel Report - April 2019
A report on how the Fund can best mitigate investment risks stemming from climate change and maximize opportunities from the new, low-carbon economy.
https://www.osc.ny.gov/files/reports/special-topics/pdf/decarbonization-advisory-panel-2019.pdfTown of Cohocton – Procurement (2025M-13)
… [read complete report – pdf] Audit Objective Did Town of Cohocton (Town) officials make purchases in accordance … municipal purchases should be made in the best interest of the taxpayers. One of the best methods for helping ensure that goods and … Did Town of Cohocton Town officials make purchases in accordance with …
https://www.osc.ny.gov/local-government/audits/town/2025/07/03/town-cohocton-procurement-2025m-13DiNapoli: Chipotle Needs to Address Concerns Over Racial Equity and Inclusion
… of the company’s annual meeting on May 18 seeking their support for the Fund’s shareholder proposal calling for an … affect the company’s business. “Chipotle has expressed support for racial equality, but reality tells a different … of the companys annual meeting on May 18 seeking their support for the Funds shareholder proposal …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-chipotle-needs-address-concerns-over-racial-equity-and-inclusionAmazon Shareholders Urged To Support Audit of Company’s Policies on Racial Inclusion
… and financial losses. It’s past time for Amazon to take a hard look at how it is addressing racial justice in its …
https://www.osc.ny.gov/press/releases/2021/05/amazon-shareholders-urged-support-audit-companys-policies-racial-inclusion