New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, today issued the following statement regarding the Securities and Exchange Commission’s (SEC) final vote on a shareholder rule:

“Today's action by the SEC will negatively impact investors and make it harder for shareholders to hold corporations accountable. These changes are unwanted by investors and may silence those challenging corporations to address issues like gender and racial pay equity, workplace diversity and racial discrimination.

New York State Comptroller Thomas P. DiNapoli today released five audits of the Department of Health’s (DOH) Medicaid program that identified approximately $706.6 million in unnecessary, improper or questionable payments and made several recommendations for improving the program.

New York State Comptroller Thomas P. DiNapoli today said that state tax receipts are $3.2 billion lower than last year, as he released the State Cash Report for August. DiNapoli noted state tax receipts of $4.3 billion in August were $309.3 million above the latest projections by the state Division of Budget (DOB), but $219.1 million below collections in August 2019.

New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.

The New York State and Local Retirement System (NYSLRS) today announced employer contribution rates for the State Fiscal Year 2021-22 will increase from 14.6 percent to 16.2 percent of payroll for the Employees’ Retirement System (ERS) and from 24.4 percent to 28.3 percent of payroll for the Police and Fire Retirement System (PFRS).

NYSLRS is made up of these two systems, which pay service and disability retirement benefits to public employees and death benefits to their survivors.

In July, the Office of the State Comptroller approved 1,308 contracts for state agencies and public authorities valued at $6.5 billion and approved nearly 27.3 million payments worth more than $19.9 billion. The office rejected 140 contracts and related transactions valued at $120 million and more than 24,400 payments valued at more than $37.7 million, primarily for mistakes, insufficient support for charges, and improper payments. Information on these contracts and payments is available at www.openbooknewyork.com.

New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.

New York State Comptroller Thomas P. DiNapoli today announced his appointment of Navyug “Nav” Patel as deputy chief investment officer of the New York State Common Retirement Fund. Patel has served as the Fund’s interim deputy CIO since July 2018.

Three major U.S. companies have agreed to fully disclose their political spending under agreements reached with the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. DiNapoli announced today.

State tax receipts of $26.4 billion through the first four months of the state fiscal year were $3 billion, or 10.2 percent, below the same period last year, according to the July cash report issued today by State Comptroller Thomas P. DiNapoli.