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Comptroller: New York State Pension Fund Tops $210B

NYS Comptroller Thomas DiNapoli
Photo by Pat Bradley
NYS Comptroller Thomas DiNapoli

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 said Thursday that 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.

© 2019 AP

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