ALBANY, N.Y. (AP) — The New York pension fund for state and local government employees has grown to an estimated $150.3 billion with a nearly 6 percent return on investment this fiscal year, despite losses in international stocks, state Comptroller Thomas DiNapoli said Wednesday.
The fund, which had an audited value of $147.2 billion a year earlier, supported about 402,000 retirees and beneficiaries and has about 656,000 current members.
"The good news is in this very volatile market, this very volatile investment climate, that we now have three years of positive rates of return," said DiNapoli, the fund's sole trustee. In light of the volatility, especially overseas, he will look for more alternative and fixed-income investment opportunities, he said.
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