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New York State Office of the State Comptroller

www.osc.state.ny.us

 
The State Comptroller is New York State`s chief fiscal officer. The Comptroller is charged with auditing government operations and operating the Statewide Retirement Systems. His responsibilities include: Managing the State`s assets and issuing General Obligation debt; Conducting management and financial audits of State agencies and public benefit corporations; Issuing reports on State finances; Overseeing the fiscal affairs of local governments, including New York City; Reviewing State contracts, payrolls and payments before they are issued; Maintaining the State`s accounting system and issuing monthly cash financial statements; Overseeing the Justice Court and Abandoned Property Programs; and Operating the retirement systems for State and local retirees, valued at $140.5 billion as ...
  • Number of Employees: 250-1000
  • Annual Revenue: $0-1 Million

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In 1941, the Ohio General Assembly established the Highway Patrol Retirement System (HPRS) for troopers and communications personnel employed by the Highway Patrol. Today, membership in HPRS is limited to troopers with arrest authority and trooper cadets in training at the Highway Patrol Training Academy. The system provides age and service, disability, survivor, and death benefits, as well as health care coverage for benefit recipients and eligible dependents. HPRS receives funds from three sources: 1) employee contributions, 2) employer contributions, and 3) investment returns. These funds are used to pay benefits and expenses of the System. All funds are placed in income-producing investments that follow the guidelines in Ohio Revised Code Chapter 5505. The Retirement Board makes investment decisions on the recommendation of the Chief Investment Officer and outside investment advisors. Each year a detailed financial statement, the Comprehensive Annual Financial Report, is prepared for all interested parties. This comprehensive report is based on audited records and contains a detailed listing of all investments. As of August 31, 2018, HPRS had estimated assets of $912 million.