New York State

State Contract and Payment Actions in July

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.

NYS Common Retirement Fund Reports First Quarter Results

The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for the three-month period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli.

New York State Comptroller DiNapoli & Fire and Police Pension Association of Colorado Announce Appointment as Lead Plaintiffs in Boeing Shareholder Lawsuit

New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (the Fund), and the Fire and Police Pension Association of Colorado (FPPA) announced that they have been appointed co-lead plaintiffs in a derivative lawsuit filed against current and former directors and executive officers of The Boeing Company. The order appointing DiNapoli and FPPA as co-lead plaintiffs was issued on August 3 by Delaware Chancery Court Chancellor Andre G. Bouchard.

DiNapoli: State Pension Fund Value $194.3 Billion

New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020.

State Contract and Payment Actions in June

In June, the Office of the State Comptroller approved 896 contracts for state agencies and public authorities valued at $11.6 billion and approved more than 32.5 million payments worth nearly $25.9 billion. The Office rejected 102 contracts and related transactions valued at more than $1.9 billion and more than 28,500 payments valued at nearly $26.1 million, primarily for errors, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.