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Accounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/bulletin-gasb-68-reporting-pensions.pdfAccounting and Financial Reporting for Pensions as Required by GASB 68 and Updated by GASB 82
The purpose of this bulletin is to provide updated information regarding pension accounting treatment and guidance.
https://www.osc.ny.gov/files/local-government/publications/pdf/gasb-68-reporting-for-pensions-0320.pdfII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… the governmental and proprietary fund types and fiduciary funds. Required supplementary information (other than MD&A) … includes budgetary comparison schedules for governmental funds, information about infrastructure assets reported using … financial statements are provided for governmental funds, enterprise funds, and fiduciary funds, even though the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… on companies to address climate change risks they face, to report on and reduce their GHG emissions and acknowledge …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programContract Advisory No. 22
… meeting the criteria below are subject to archiving and may be closed by BOC: A minimum of one year has passed … been no activity (SFS amendment transactions or payments) for one year. No open purchase orders (encumbrances) are … SFS Secure Job Aids: JAA-PO220-021 Viewing PO Information for Canceled and Closed POs – FYE JAA-PO220-034 Viewing PO …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/22-closed-contracts-statewide-financial-systemNew York State Comptroller DiNapoli: Statement on Arrest of Morris Central School District Official
… New York State Police. “School districts are struggling to make ends meet during these difficult times. It is … that Ms. Hand allegedly stole from the district to fund her personal shopping,” said DiNapoli. “I thank U.S. … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-arrest-morris-central-school-district-officialDiNapoli: Binghamton Woman Charged With Stealing Deceased Father-in-Law's Pension Payments
… come to the phone because he was hard of hearing. She then inquired about the stopped July payment in an effort to …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-binghamton-woman-charged-stealing-deceased-father-laws-pension-paymentsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… to the state fiscal year. Every three years the Fund is required to undergo an independent Fiduciary and Conflict of …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnNYS Common Retirement Fund Reports Estimated First Quarter Results
… have helped make it one of the best-funded public pension funds in the nation and it remains well-positioned to weather … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsService Credit – Divorce and Your Benefits
… at retirement will directly affect the amount of their pension. Read more about Service Credit for Tiers 2 through 6 … commonly used equitable distribution formula for a public pension was established by the State Court of Appeals in …
https://www.osc.ny.gov/retirement/members/divorce/service-creditCalculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… average rate divided by the System average rate (not to exceed the System graded rate). Determines the employer’s … rate multiplied by the ratio of the System graded rate to the System average rate, not to exceed the System graded rate) 10.565% Employer’s graded …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentNYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… York state’s pension fund will continue our leadership on the issue of climate change and take advantage of the … System on behalf of more than one million state and local government employees and retirees and their beneficiaries. … bid protest decisions and commonly requested data. … NYS Comptroller DiNapoli announced $800 million in …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsNY State Comptroller DiNapoli Statement on McDonald's Agreement to Tie Executive Compensation to Diversity, Workforce Management
… Fund, released the following statement today in response to McDonald’s decision to disclose workforce diversity data … our economy moving. “Corporate America needs to step up and ensure their policies incentivize the treatment of all … the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2021/02/ny-state-comptroller-dinapoli-statement-mcdonalds-agreement-tie-executive-compensation-diversityState Comptroller DiNapoli and Manhattan D.A. Bragg Announce Indictment of Former NYU Director of Finance for $3.5M Fraud
Manhattan District Attorney Alvin Bragg and New York State Comptroller Thomas DiNapoli today announced the indictment of CINDY TAPPE 57 for orchestrating an approximately $35 million 6year fraud relating to two New York University NYU programs
https://www.osc.ny.gov/press/releases/2022/12/state-comptroller-dinapoli-and-manhattan-da-bragg-announce-indictment-former-nyu-director-finance-35mIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… an audit disallowance, or any scenario where there is no new cash being posted to SFS, and an expenditure is being …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… 2018. As part of President Biden’s American Jobs Plan, a bill was introduced in April 2021 to help spur employment … of subminimum wage for individuals with disabilities. The bill would also authorize $300 million over five years to …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021Corporate Governance
… The New York State Common Retirement Fund’s Corporate Governance … as well as those of select non-U.S. companies. During the 2024 Proxy Season (calendar year 2024), the Fund cast 29,681 …
https://www.osc.ny.gov/common-retirement-fund/corporate-governanceDisability Retirement Applications – When Employees Retire
… including, but not limited to, the following information: Payroll status; Job description (detailed duty statement) … is later. We will ask you to remove the member from your payroll within 30 days after the member’s application is …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/disability-retirement-applicationsDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced he has written to 10 of the … Thomas P DiNapoli trustee of the New York State Common Retirement Fund Fund today announced he has written to 10 of …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsStart Saving for Retirement
… government employees can save for retirement through the New York State Deferred Compensation Plan (NYSDCP) . The …
https://www.osc.ny.gov/retirement/members/saving-for-retirement