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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

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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