The management fees paid by New York City’s public pension funds surged 28 percent in the last fiscal year, according to the comptroller’s annual report.

For the fiscal year that ended in June, the report said, the five funds that cover the retirement benefits for city employees and teachers paid $472.5 million in fees to private fund managers. That was $100 million more than the previous year. The funds assets rose by 12.1 percent to $137 billion at the end of the fiscal year. Last month, Liu said the assets had climbed to $144 billion.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.