Annual return raises Fund’s value to $254.8 billion.

New York State Comptrollers Weekly News

33.55 Percent Annual Investment Return for New York
State Pension Fund Is Largest in Its History

New York State Comptroller Thomas P. DiNapoli announced that the New York State Common Retirement Fund’s (Fund) estimated overall investment return was 33.55 percent for the state fiscal year that ended March 31, 2021, reflecting the financial markets’ dramatic rebound from lows reached during the COVID-19 pandemic. The return on investments increased the Fund’s value to an estimated $254.8 billion.

“The state Pension Fund rode the market rebound from the depths of the pandemic and enjoyed the largest one-year investment return in its history,” DiNapoli said. “This outsized return reinforces the Fund’s position as one of the strongest in the nation, but it comes with a caution. Markets remain volatile and as unpredictable as ever. With our talented investment staff, I will continue to manage our state’s Pension Fund with prudence and a focus on stable, long-term results that ensure continued retirement security for our members for generations to come."

NY’s 529 College Savings Program

One of the best investments you can make is in your loved ones’ education. Higher education can be costly, but there are ways to ease the financial burden. NY’s 529 College Savings Program Direct Plan is an excellent way to save for these expenses.

Saturday is 529 Day, so help accelerate or jump start your savings by entering to win a $529 contribution toward your 529 account! Learn more about this sweepstakes.

A Memorial Day Message from Comptroller DiNapoli

Millions of Americans have died or been wounded fighting for our country. On Memorial Day, let’s take the time to remember those who made the ultimate sacrifice defending the land of the free and the home of the brave.

NYS Comptroller DiNapoli on Amazon's Racial Diversity, Equity and Inclusion Practices

New York State Comptroller Thomas P. DiNapoli released the following statement in advance of Amazon’s Annual Meeting on Wednesday, May 26, 2021, at 9:00 a.m., Pacific Time. DiNapoli and the New York State Common Retirement Fund have urged shareholders to support a resolution calling on Amazon to conduct an independent racial equity audit of its practices and policies related to civil rights, equity, diversity and inclusion, and how they affect the company’s business, in light of the significant controversies and lawsuits leveled at the company.

Former Potter Town Clerk Sentenced to Jail Time and Full Restitution of Nearly $27,000

Former Town of Potter Clerk Julie Brown was sentenced to six months in Yates County jail for stealing nearly $27,000 in public funds for her personal use. Her thefts were discovered during a joint investigation by State Comptroller Thomas P. DiNapoli’s office, Yates County District Attorney Todd Casella’s office and Yates County Sheriff Ronald Spike’s office.

Three Syracuse School District Employees Charged with Fraud in Scheme

New York State Comptroller Thomas P. DiNapoli and Onondaga County District Attorney William Fitzpatrick announced that three employees of the Syracuse City School District’s after-school Twilight Program were arrested for engaging in several schemes to defraud the program following a joint investigation. Jason Cecile, Tina DeCarlo and Nichole Murray were charged with Defrauding the Government (Penal Law §195.20(a)(i)) and Corrupting the Government in the Third Degree (Penal Law §496.03).

Also in the News

DiNapoli: Pension fund has record annual return

Exxon Set Stage for Its Own Defeat: New York's Thomas DiNapoli

Climate Activists Defeat Exxon in Push for Clean Energy

State comptroller to challenge Amazon on racial diversity

Three Syracuse school employees charged with fraud in alleged after-school scheme

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