NY State Retirement Fund Report

New York State Comptroller Thomas DiNapoli announced Monday the New York State Common Retirement Fund earned a 0.19 percent return on investments in the state fiscal year that ended on March 31st. The Fund’s performance mirrored results in the broader markets during a volatile year. The Fund has an estimated value of $178.1 billion. Over state fiscal year 2016, domestic and non-U.S. equities lost 0.54 and 8.54 percent, respectively, which was consistent with the declines in U.S. and global equity markets. The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed and best-funded pension plans. The New York State and Local Retirement System provides retirement security to more than one million active state and local government employees, retirees and their beneficiaries.