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DiNapoli Announces New Technology Investment Through Contour Venture Partners
… venture funding through Contour Venture Partners, an investment partner of the New York State Common Retirement … State Comptroller Thomas P. DiNapoli announced today. The investment was made through the Fund’s In-State Private … us exceptional flexibility to grow the business. The investment has helped us move into a brand new office and …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersDiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… of 98 percent, according to actuarial calculations. "Solid investment returns help keep contribution rates stable and … security of our over one million members." The Fund's investment rate of return was 11.35 percent with an audited … Local Retirement System (NYSLRS) are determined based on investment performance for the past five fiscal years and …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020DiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… of DiNapoli’s comprehensive Climate Action Plan to address investment risks from climate change and his commitment to transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … integrated oil and gas companies. Background on Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesShareholders Send Exxon a Strong Message on Climate Change
… its long-term value.” Edward Mason, Head of Responsible Investment for the Church Commissioners, said: “We are … major fund managers and pension funds Amundi, AXA Investment Management, BNP Paribas, CalPERS, Legal & General Investment Management, Natixis Asset Management, New York …
https://www.osc.ny.gov/press/releases/2016/05/shareholders-send-exxon-strong-message-climate-changeState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… New York State Common Retirement Fund’s (Fund) Sustainable Investment Program, raising its total commitment to $10 … accelerate the low-carbon economy." The Fund’s Sustainable Investment Program includes more than $4 billion in its low …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programArkville Fire District – Internal Controls Over Financial Activities (2015M-65)
… has not adopted a purchasing policy, code of ethics or an investment policy. The Board does not periodically review the … Adopt a purchasing policy, code of ethics and investment policy. Periodically review bank reconciliations …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/07/03/arkville-fire-district-internal-controls-over-financial-activities-2015m-65NYS Common Retirement Fund Reports Third Quarter Results
… and well-diversified and ready to meet any ups and downs. Investment gains will remain fragile until we overcome the … alternatives (5.2 percent). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… that the New York State Common Retirement Fund’s (Fund) investment return was 9.51% for the state fiscal year that … continuing to impact the economy, we expect a challenging investment environment for the foreseeable future.” The … fiscal year. Employer contribution rates are determined by investment results over a multi-year period along with …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnMcConnellsville Fire District – Financial Operations (2014M-19)
… has not adopted a code of ethics, procurement policy or an investment policy. The Board did not conduct a thorough audit … limit. Adopt a code of ethics, procurement policy and an investment policy and review them at least annually. Conduct …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/04/04/mcconnellsville-fire-district-financial-operations-2014m-19Chenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… Cumulatively track project investments to identify investment shortfalls. Verify that businesses are meeting … agreements. Key Recommendations Track and compare capital investment information to project goals as stated in …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoringNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… as global leaders in addressing climate change-related investment risks and pursuing opportunities for the Fund’s … for its efforts to assess and combat climate-related investment risk. In June, DiNapoli released his ambitious … to reduce its exposure to climate risk and capitalize on investment opportunities created by the transition to a low …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… from 7 percent to 6.8 percent, anticipating a lower return investment environment. “Each year, for the past seven years, … essentially keep them flat,” DiNapoli said. “Through solid investment returns, prudent management and a diverse … 16 public funds are currently below 7 percent for their investment return assumptions. DiNapoli also announced the …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… to DiNapoli’s comprehensive Climate Action Plan to lower investment risks from climate change and transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … shale oil and gas companies. Background on Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesArchived: Legislative Session 2021–2022
… for designated beneficiaries in the New York ABLE program. Investment Standards – Signed into law on July 21, 2022 as … laws of 2022 – A.9281/S.9045 (Glick/Mannion) – Relates to investment standards for investments of the New York State … or services pursuant to an information-risk contract. Investment of Retirement Funds – S.9051 (Jackson) – Permits …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022Opinion 91-42
… department funds to village treasurer); (cooperative investment of department funds and village funds); (gift of … funds) VILLAGES -- Powers and Duties (cooperative investment of fire department funds and village funds) … funds from the department to the village treasurer for investment purposes. While municipal corporations are …
https://www.osc.ny.gov/legal-opinions/opinion-91-42DiNapoli Announces More Climate Actions; NYS Pension Fund Launches Evaluation of Shale Oil and Gas Companies
… DiNapoli’s comprehensive Climate Action Plan to mitigate investment risks posed by climate change and ultimately transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … readiness assessment. Background on DiNapoli’s Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-more-climate-actions-nys-pension-fund-launches-evaluation-shale-oil-and-gasState Comptroller DiNapoli Releases Municipal & School Audits
… including data containing PPSI. Lansing Fire District – Investment Program (Tompkins County) Auditors found the board … did not develop and adopt a comprehensive written investment policy as required by state law. The district … or $61,000 more had officials used other available investment options. Officials did not consider other legally …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-audits-0Cost-Saving Ideas: Legal Requirements
… public deposits. Section 11 allows for certain temporary investment of moneys not required for immediate expenditure. … Section 39 requires the adoption, by resolution, of an investment policy. Articles 3-A and 5-G govern generally the temporary investment of moneys by more than one municipal corporation …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsDiNapoli Announces Interim CIO for the New York State Common Retirement Fund
… his appointment of Anastasia Titarchuk as Interim Chief Investment Officer of the New York State Common Retirement … has reached a record annual value and provided annualized investment returns that exceed our target rate," DiNapoli …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fundDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… DiNapoli said. "The In-State Program has generated solid investment returns for the state pension fund and has … 11 percent Internal Rate of Return from 12 completed investment funds. Since 2011, DiNapoli has allocated an additional $155 million to target early-stage and seed investment opportunities. The latest $20 million commitment …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-program