ALBANY, N.Y. (AP) — The New York pension fund for state and local government employees has reported a negative 1 percent return on investment in its most recent quarter with the overall fund value dropping to $146.5 billion.

New York Comptroller Thomas DiNapoli, the fund's sole trustee, says it has been "weathering uncertainty in the financial markets."

The fund supports more than 400,000 retirees and beneficiaries and has about 654,000 current members.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.