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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

        
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NYS Pension Fund Launches Review of Integrated Oil & Gas Companies

The New York State Common Retirement Fund (Fund) is evaluating 28 publicly traded integrated oil and gas companies to determine if they are prepared for the transition to a low-carbon economy, New York State Comptroller Thomas P. DiNapoli, the Fund’s trustee, announced today. Each company is being asked to provide information on its readiness to transition to the emerging net zero economy.

DiNapoli: Former Village of Sherman Treasurer Arrested for Alleged Theft of $20,000

Former Village of Sherman Treasurer Ann Gilbert faces felony charges for the alleged theft of more than $20,000 in cash paid by residents from 2012 to 2016 for village sewer, water and taxes, according to an investigation by State Comptroller Thomas P. DiNapoli, the Chautauqua County District Attorney Jason Schmidt and the Chautauqua County Sheriff’s Office. Gilbert, 54, who now resides in Florida, was charged with grand larceny in the third degree.

DiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments

Hundreds of millions of dollars were spent on Medicaid Managed Long-Term Care (MLTC) costs for individuals who no longer qualified for the program, according to an audit by State Comptroller Thomas P. DiNapoli. The audit found that inadequate oversight by the state Department of Health (DOH) over a period of more than six years resulted in over $700 million in overpayments for ineligible members and $2.8 billion for minimal services for eligible members.

DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The return on investments increased the Fund’s value to $272.1 billion.

State Contract and Payment Actions in June

In June, the Office of the State Comptroller approved 1,449 contracts for state agencies and public authorities valued at $1.5 billion and more than 3.3 million payments worth nearly $13.2 billion. The office rejected 128 contracts and related transactions valued at $1.4 billion and more than 4,900 payments valued at nearly $11.5 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.