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Archived: 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-2021-2022Cost-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: No Good Options for MTA to Manage Hole in Capital Funding
… said. “The MTA will be forced to put off badly needed investment in expansion and improvements to the system. Those … division. As a result, the plan represents a decline in investment in the metropolitan region’s vital transportation system. Report Investment and Funding Choices Facing the MTA … As the …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… Policy and Principles (Policy). As part of the Fund’s investment due diligence of new investments within its $38 … Workforce Management Policy will ensure our private equity investment managers understand our position clearly. We … and practices as part of its consideration of a variety of investment factors. The Responsible Workforce Management …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… for investors who are committed to mitigating the real investment risks associated with climate change. “Today’s … improve efforts to measure and address climate-related investment risks. “I want to thank Chairman Gensler for his … adopting this critical rule.” Leading the Way on Climate Investment Since taking office in 2007, DiNapoli has been …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleNYSLRS Announces Employer Contribution Rates for 2024-25
… Employer rates for NYSLRS are determined based on investment performance and actuarial assumptions recommended … Committee and approved by DiNapoli. In addition to investment performance, other factors that impacted rates … to better enable New York to weather volatile markets. The investment return assumption median for public pension funds …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25DiNapoli: 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-programState Comptroller DiNapoli Releases School District Audits
… officials did not develop and manage a comprehensive investment program or comply with the district’s investment policy. Had officials invested available funds in …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits-1DiNapoli Releases Recommendations From Decarbonization Advisory Panel
… members were appointed in March 2018. It is comprised of investment, financial, environmental, energy and legal … on how the Fund might identify, assess and manage the investment risks and opportunities of climate change. In the … suggests that this would be accomplished by ramping up investment in sustainable assets and climate solutions, and …
https://www.osc.ny.gov/press/releases/2019/04/dinapoli-releases-recommendations-decarbonization-advisory-panelOpinion 88-76
… (of private moneys) -- Private Moneys (accounting for); (investment of) -- Taxes (applying private source moneys to … GENERAL MUNICIPAL LAW, §11: Interest earned on the investment of public moneys appropriated by a village to a … public library. You ask whether interest earned on the investment of moneys appropriated by the village for library …
https://www.osc.ny.gov/legal-opinions/opinion-88-76Colesville Fire District #1 – Internal Controls Over Financial Operations (2013M-276)
… policy and a code of ethics, it has not adopted an investment policy. The Board also has not ensured that … in fact paid as directed. Key Recommendations Adopt an investment policy. Ensure that formal written procedures …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/12/20/colesville-fire-district-1-internal-controls-over-financial-operationsTown of Leicester – Budgeting and Financial Oversight (2015M-158)
… balance as a financing source. The Board has not adopted investment and procurement policies. The Board did not … available and used to fund the next year’s budget. Adopt investment and procurement policies. Annually audit, or cause …
https://www.osc.ny.gov/local-government/audits/town/2015/11/13/town-leicester-budgeting-and-financial-oversight-2015m-158DiNapoli Urges Parents to Open a College Savings Account for Their Children
… said today in recognition of 529 College Savings Day. The investment program, overseen by DiNapoli’s office and the … as little as $25. The Direct Plan offers three age-based investment options that become more conservative as the child … college age. The Direct Plan also offers 13 additional investment options that account owners can choose from based …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-urges-parents-open-college-savings-account-their-childrenAssociate Counsel Pension Investment Unit (2 Vacancies)
The Office of the State Comptroller has two Associate Counsel Vacancies. Both Associate Counsel positions will work closely with investment staff on the negotia
https://www.osc.ny.gov/files/employment/pdf/associate-counsel-05-2018.pdfGreen Strategic Investment Program - Fact Sheet
The Program commits $500 million over three years to environmentally-focused investment strategies that produce attractive, risk-adjusted returns.
https://www.osc.ny.gov/files/about/pdf/green-strategic-investment-program.pdfState Comptroller DiNapoli Releases Municipal & School Audits
… Officials did not develop and manage a comprehensive investment program or develop procedures for the operation of the investment program in compliance with the board investment policy. Officials also did not invest available …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsState Comptroller DiNapoli Releases Municipal & School Audits
… loss. District officials did not adhere to the district’s investment policy and invested $35,000 in an investment account that is not statutorily authorized. The board re-adopted its investment policy annually but did not ensure the district’s …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1NY State Common Retirement Fund Selects New Deputy Chief Investment Officer
… of Anastasia Titarchuk to the position of Deputy Chief Investment Officer for the $181.7 billion New York State … returns,” said Vicki Fuller, the Fund’s Chief Investment Officer. Titarchuk has 17 years of experience …
https://www.osc.ny.gov/press/releases/2015/02/ny-state-common-retirement-fund-selects-new-deputy-chief-investment-officerJefferson Fire District – Internal Controls Over Financial Operations (2013M-101)
… and code of ethics policies, it has not adopted an investment policy, as required by statute. The Board also has … and savings accounts. Key Recommendations Adopt an investment policy. Ensure that formal written procedures are …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/07/12/jefferson-fire-district-internal-controls-over-financial-operations-2013m