Retirement Fund Enjoys Strong Investment Returns

The New York State Common Retirement Fund (Fund) earned an estimated 11.42 percent on investments during the State fiscal year ending March 31, 2017, exceeding the long-term expected rate of return of 7 percent. The Fund ended the year with an estimated value of $192 billion.

Comptroller Thomas P. DiNapoli, Trustee of the Fund, credited the growth to a diversified investment strategy and strong returns on investments, particularly in the fourth quarter. Domestic and non-U.S. equities (stocks) performed particularly well, with an overall return of 17 percent. The return on real estate investments was nearly 11 percent. All returns are estimates, pending audited data that will be available later this year.

NYS Common Retirement Fund return on investments Fiscal Year 2017

The financial soundness of the New York State and Local Retirement System (NYSLRS) has been confirmed by two independent studies. A report by S&P Global Ratings ranked NYSLRS as the third best funded state pension system in the country for 2015. Only South Dakota and Wisconsin ranked higher. A study by the Pew Charitable Trusts also showed NYSLRS in the top three nationwide.

The Fund is the third-largest public pension fund in the country. NYSLRS provides retirement security to more than one million active state and local government employees, retirees and their beneficiaries. During the fiscal year that ended March 31, 2016, NYSLRS paid out $10.9 billion in retirement and death benefits. More than $8.6 billion was paid to residents of New York State, which generated local spending and provided economic support New York businesses and communities.

6 thoughts on “Retirement Fund Enjoys Strong Investment Returns

  1. Linda Peterson

    Excellent returns. What are the chances of the governor getting a constitutional amendment and changing our contracts and getting his hands on our money to do with it what he he wants. Please don’t let it happen.

    Reply
    1. Jim Charles

      I think the chance is good so make sure you get out this November and vote against convening a a Constitutional Convention!

      Reply
  2. jim uebelhoer

    Why can’t the system afford a better COLA for us retirees. We need to catch up with the very low monies we have received over the past 10 years

    Reply
    1. NYSLRS

      Retirement benefits, including COLA, are established by law. The decision on whether to enact new laws comes from the State Legislature and the Governor.

      For more information, you might find our Permanent COLA page helpful.

      Reply

Leave a Reply