The estimated value of the New York State Common Retirement Fund was $291.4 billion at the end of the second quarter of state fiscal year 2025-26, state Comptroller Tom DiNapoli said Friday.
For the three-month period ending Sept. 30, fund investments returned an estimated 4.13%, the comptroller said, and 9.82% for the first six months of the fiscal year.
“Despite ongoing domestic and global volatility, financial markets have performed well over the past quarter, benefitting the state pension fund,” DiNapoli said in a statement. “Yet concerns over a slowing labor market, inflation and uncertain federal policy warn of turbulence ahead. Our diversification strategy, long-term perspective and effective management strongly positions the Fund to ensure that state and local government employees will receive the retirement benefits they have earned, even amid any market fluctuations.”
At the end of the last state fiscal year on March 31, the audited value of the fund was $273.1 billion.
According to the comptroller, the pension fund had 41.7% of its assets invested in publicly traded equities, with the remaining assets invested in cash, bonds and mortgages (21.5%), private equity, real estate and other things.
The fund’s long-term expected rate of return is 5.9%.
New York’s pension fund is one of the largest public pension funds in the U.S.