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Comptroller: New York state pension fund tops $210B

Posted at 11:57 AM, May 16, 2019

ALBANY, N.Y. (AP) — The state comptroller says the New York State Common Retirement Fund has topped $210 billion after an estimated 5.2% return on investments.

Democrat Thomas DiNapoli says Thursday that the fund closed the state fiscal year that ended March 31 with an estimated value of $210.2 billion, an amount that could change when returns are fully audited.

The pension fund's value at the end of the state's 2018 fiscal year was $207.4 billion.

DiNapoli says the fund increased despite what he calls "a tumultuous year" in the financial markets, with investments rebounding earlier this year after last December's Wall Street downturn.

The fund provides pensions to more than 1 million active New York state and local government employees, retirees and their beneficiaries.