New York State Comptroller Thomas DiNapoli announced Monday the New York State Common Retirement Fund earned a 0.19 percent return on investments in the state fiscal year that ended on March 31st. The Fund’s performance mirrored results in the broader markets during a volatile year. The Fund has an estimated value of $178.1 billion. Over state fiscal year 2016, domestic and non-U.S. equities lost 0.54 and 8.54 percent, respectively, which was consistent with the declines in U.S. and global equity markets. The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed and best-funded pension plans. The New York State and Local Retirement System provides retirement security to more than one million active state and local government employees, retirees and their beneficiaries.

More From WZOZ