ALBANY, N.Y. — 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 (dee-NAP’-oh-lee) 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.
