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NYSLRS Announces Employer Contribution Rates for 2024-25

New York State Comptroller Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2024-25. Employers’ average contribution rates will increase from 13.1% to 15.2% of payroll for the Employees’ Retirement System (ERS) and from 27.8% to 31.2% of payroll for the Police and Fire Retirement System (PFRS).

State Contract and Payment Actions in July

In July, the Office of the State Comptroller approved 1,580 contracts for state agencies and public authorities valued at $2.7 billion and approved nearly 1.8 million payments worth more than $9.1 billion.

The office rejected 209 contracts and related transactions valued at $2.4 billion and nearly 1,600 payments valued at nearly $12.5 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli: Three Arrested in Connection With Over $1 Million Medicaid Transportation Fraud Scheme

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Arrests Follow Joint Investigation Between the State Comptroller's Office, the Otsego County District Attorney, the Otsego County Sheriff's Office, the Oneonta Police Department and the U.S. Department of Health and Human Services - Office of Inspector General

August 28, 2023

DiNapoli and William Glasgall Op-Ed

The Bond Buyer published an op-ed from New York State Comptroller Thomas P. DiNapoli and William Glasgall, Senior Director, Public Finance, at the Volcker Alliance, a nonprofit based in New York City. The full op-ed is below:

In 2020 and 2021, the federal government sent an unprecedented amount of money to states and localities to blunt the impact of lockdowns and other COVID-19 pandemic-related challenges.

DiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $254.1 billion at the end of the first quarter of state fiscal year 2023-24. For the three-month period ending June 30, 2023, Fund investments returned an estimated +3.08%.