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State Agencies Bulletin No. 1256
… employer and employee contributions. All contributions and investment earnings are credited to individual accounts for … needs to select available choices from the authorized investment providers and maintain an appropriate asset … to suit their individual preferences from among the investment options available within their plan. These …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1256-new-tier-vi-voluntary-defined-contribution-retirement-programNYS Comptroller DiNapoli: One of Largest U.S. Carbon Emitters Commits to Lower GHG Emissions
… Among the new steps the company has said it will take is investment in renewable resources and advanced technologies … increase to the Fund's low emissions index, doubling its investment. The low emission index underweights stock …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-one-largest-us-carbon-emitters-commits-lower-ghg-emissionsDiNapoli, Stringer Lead Investors Calling on Olympic Sponsors to End Their Silence, Defend Russian LGBT Rights
… be on Sochi and its corporate sponsors,” said Stringer, investment advisor to the nearly $150 billion New York City … Christopher Reynolds Foundation, Newground Social Investment, Pax World, First Affirmative Financial Network, …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-stringer-lead-investors-calling-olympic-sponsors-end-their-silence-defend-russian-lgbtDiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… the community is getting an appropriate return on its investment and whether the projects should continue to … or made reasonable progress toward, targeted capital investment, employment projections or other goals stated in …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversightDebt – 2023 Financial Condition Report
… Services. These ratings are one step below the highest investment grade ratings. Ratings can influence interest … pricing. Higher ratings provide greater confidence to the investment community that the issuer is willing and able to …
https://www.osc.ny.gov/reports/finance/2023-fcr/debteBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… percent of the cost of benefit payments has been funded by investment returns. The Fund’s fiscal year ends March 31, … Founded in 1982, Trillium is the oldest independent investment advisor focused exclusively on sustainable and …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… contribution rates is welcome news for taxpayers, our investment decisions are always made based on what is best … years. Employer rates for NYSLRS are determined based on investment performance and actuarial assumptions recommended …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… of every dollar spent from DHBTF supported a new capital investment. “New York is at a crossroads. Far too little of … are expecting billions of dollars from the Infrastructure Investment and Jobs Act. We cannot afford to squander this …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offControls Over Capital Improvements at City-Owned Homeless Shelters
… addressed the need with a significant increase in capital investment for City-owned shelters to correct conditions that have built up over many years. Capital investment includes new construction, renovations, and …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… New York State Common Retirement Fund, and Stringer, Chief Investment Advisor of the New York City Retirement Systems, … to ensure that our portfolio companies are protecting our investment for the long-term.” In response to investors’ …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryDiNapoli: ESD Falls Short in Reporting Results of Economic Development Programs
… activity, stimulate job creation and encourage business investment in the state. ESD spent almost $2 billion on … and funded with $234.8 million from various state investment sources. ESD reported that the 217 active projects …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-esd-falls-short-reporting-results-economic-development-programsDiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season
… voted for a slate of candidates put forward by activist investment firm Engine No. 1, who won seats on ExxonMobil’s … material risks from climate change and pursue sustainable investment opportunities for the Fund. In 2019, DiNapoli …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-announces-unprecedented-support-climate-actions-during-2021-proxy-seasonDiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… Legislature to act on his proposal to create an optional investment pool to help fund retire health insurance and … benefits is significantly less expensive over time, as investment returns help offset costs. The point is to stop …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careTown of Hempstead Sanitary District Number 14 – Board Oversight (2017M-40)
… with General Municipal Law, adopt a code of ethics, an investment policy and a comprehensive procurement policy. …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/town-hempstead-sanitary-district-number-14-board-oversight-2017m-40Town of Kent – Procurement and Information Technology (2017M-85)
… including visiting websites for online banking and investment, shopping, travel, sports, social networking and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kent-procurement-and-information-technology-2017m-85County of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition (2021M-38)
… interest due to cost and environmental factors. A lack of investment in the County’s infrastructure and economic …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/02/11/county-otsego-industrial-development-agency-coida-oneontaExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Nonoperating revenues (expenses): Interest and investment revenue 454,793 146,556 601,349 134,733 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsGeneral Investment Policies for the New York State Common Retirement Fund
Intended to provide a framework for the operation of the Fund and to reflect the strategies and principles adopted by the Comptroller.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/general-investment-policies.pdfDiNapoli: The South Bronx Sees Economic Growth Despite Pandemic Challenges
… this community rebound as a result of public-private investment that has helped to keep our mom-and-pop stores … South Bronx has faced economic challenges due to lack of investment along with a host of other causes,” said New York … Bronx while emphasizing the pressing need for continued investment.” “The South Bronx’s remarkable resilience and …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-south-bronx-sees-economic-growth-despite-pandemic-challengesOpinion 91-36
… agreement must include safeguards to protect the village's investment for the useful life of the improvements, and to … governmental unit must include safeguards protecting the investment of the municipality holding the trust funds in the … village should include safeguards to protect the village's investment. Thus, in addition to requiring the town to …
https://www.osc.ny.gov/legal-opinions/opinion-91-36