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Environmental, Social & Governance Principles and Proxy Voting Guidelines - 2024
The New York State Common Retirement Fund is one of the largest public pension funds in the nation with invested assets valued at $249.5 billion in assets (as of March 31, 2023) held in trust for the more than one million members and beneficiaries of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/proxy-voting-guidelines-2024.pdfOctober 2001: Fund Financial Statements
… applied to each fund individually including each capital project and/or each special district. A government may choose …
https://www.osc.ny.gov/local-government/publications/october-2001-fund-financial-statementsDiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… grew, and the number of companies and jobs has soared. For the tech sector’s continued success, the city and state … design is the largest subsector of tech in New York City, accounting for almost 40% of tech sector employment in 2021. … out of all sectors with over 2,000 employees. Impact on Real Estate: By 2020, technology, advertising, media and …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesHow the Program Works – Contribution Stabilization Program
… For purposes of the CSP, the normal annual contribution is the employer’s total invoice, excluding payments for group … established by the law enacting the CSP. NYSLRS determines what an employer’s contribution would be using the graded … fixed rate securities of appropriate duration held by the New York State Common Retirement Fund (Fund). That rate of …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksImplications for the Future – 2021 Financial Condition Report
… the COVID-19 pandemic was short-lived, employment has yet to recover fully. During March and April 2020, nearly 2 … jobs were regained. No region of the State has returned to pre-pandemic employment levels with New York City trailing … 500,000 jobs. Economic forecasts are inherently subject to risk, but the path of the coronavirus pandemic will …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureNY State Pension Fund and Church Commissioners for England Call for Exxon to Separate Board Chair and CEO Positions
… Head of Responsible Investment at Church Commissioners for England, today announced their support for a shareholder proposal that calls on ExxonMobil to … significant shareholder concerns and properly account for climate risk in its operations, even as its competitors …
https://www.osc.ny.gov/press/releases/2019/05/ny-state-pension-fund-and-church-commissioners-england-call-exxon-separate-board-chair-and-ceoState Agencies Bulletin No. 1256
… new Tier VI pension plan that included a Voluntary Defined Contribution Program (VDCP). The SUNY Optional Retirement … Plan (ORP) was selected as the model for the defined contribution component of the plan, permitting eligible … who does not complete the vesting period is entitled to a refund of contributions, plus interest, upon request. At this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1256-new-tier-vi-voluntary-defined-contribution-retirement-programSUNY Bulletin No. SU-341
… with 2021-2022 discrepancies due to either over or under contribution. Agencies will use the spreadsheet to research … NYS EMPLID , NYSTRS ID , and Name The Mandatory Member Contribution (NYSTRS billed amount) The OSC Paid amount … column is positive the employee will be entitled to a refund. However, in some cases the discrepancy may be due to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-341-agency-actions-required-fiscal-year-2021-22-new-york-stateDiNapoli: State Should Recoup $11.7 Million from Special Education Contractors
… costs. The total included nearly $72,000 in ineligible pension costs. Quality Services for the Autism Community: …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-state-should-recoup-117-million-special-education-contractorsDiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… New York City is projecting a $3.4 billion surplus for city fiscal year (FY) 2021 because of … has led to less severe impacts among higher-income workers employed in industries that let workers telecommute. … rate of 6.3 percent. At the same time, demand for social safety net services has shot up, with significant …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingAbout the Record of Activities – Reporting Elected and Appointed Officials
… took office, and I still haven’t received the official’s record of activities. What if an official takes a two-week … vacation during the time period he or she is keeping a record of work-related activities? What happens if someone is … and requests for previous service credit. Since retirement credit can only be given for actual time worked, …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/about-record-activitiesDiNapoli: Brooklyn is King of NYC Economic Growth
… Brooklyn’s economy is expanding, adding jobs and businesses … decades of losses, according to an economic snapshot of Brooklyn released today by New York State Comptroller Thomas P. DiNapoli. "Business in Brooklyn is booming and people want to live there because of …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-brooklyn-king-nyc-economic-growthXI.18.C Consultant Disclosure – XI. Procurement and Contract Management
… of the State Comptroller (OSC) include in the Consulting Services Report it compiles annually on contracts issued by state agencies for consulting services during the previous fiscal year, certain additional … to the contractor by the State as compensation for work performed by these employees. This includes information on …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18c-consultant-disclosureNew York’s Economy and Finances in the COVID-19 Era
Shrinking Labor Force Drives New York States Unemployment Rate Below 10
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli Report Examines Broadband Availability, Access and Affordability in NYC
… highest share of households without access. “Having high-speed internet access is no longer a luxury, but a … and with access using cellular data plans only (20.3%). Brooklyn had the second highest share of households without broadband internet (27.3%). The Bronx and Brooklyn faced the highest average price for monthly …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-report-examines-broadband-availability-access-and-affordability-nycVII.2 Miscellaneous Receipts / Accounts Receivable Receipts – VII. State Revenues and Appropriated Loan Receivables
… Agencies receive revenue for a variety of reasons. The recording of a cash receipt is … agreements Federal Grant reimbursements Municipal and Public Authorities deposits Temporarily unidentified … and recorded in SFS through the Cash Management Treasury Accounting module by OSC Bureau of Accounting Operations …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii2-miscellaneous-receipts-accounts-receivable-receiptsDiNapoli Releases Executive Budget Report
… but the state may face increasing budgetary challenges in coming years as revenue growth is expected to slow and billions of dollars in settlement money are spent, according to an analysis of … of the Executive Budget, provides information to assist in the evaluation of the 2016-17 proposal. “The state's …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportOpinion 2007-3
… the opinion. POLICE AND POLICE PROTECTION -- Police Chief (entitlement to “other compensation” when no increase on or after August … or welfare benefits and employer contributions to pension or annuity funds”. For purposes of this opinion, we …
https://www.osc.ny.gov/legal-opinions/opinion-2007-3COVID-19 Guidance for Employers
… Educational Services (BOCES) is suspended through June 30, 2025 (April 2024 legislation extended the date from 2024 to … Response Act and Emergency Family and Medical Leave Expansion Act), they must continue to be reported to NYSLRS … Response Act and Emergency Family and Medical Leave Expansion Act Reporting Families First Coronavirus Response …
https://www.osc.ny.gov/retirement/employers/covid-19-guidance-employersState Comptroller DiNapoli Releases School Audits
… $60 billion in federal, state and local funds. For additional background or a comment on a specific audit, … more than $5.2 million residing in the debt service fund for debt service expenditures and inappropriately transferred … paid $20,262 to six vendors without obtaining the required number of verbal or written quotes. Malverne Union Free …
https://www.osc.ny.gov/press/releases/2016/07/state-comptroller-dinapoli-releases-school-audits-1