Nov 10, 2017 The New York State Pension fund is at an all-time high fund balance of $201.3 Billion. “The New York State Common Retirement Fund’s (Fund) overall return in the second quarter of the state fiscal year 2017-2018 was 3.67 percent for the three-month period ending Sept. 30, 2017, with an estimated value of $201.3 billion, according to New York State Comptroller Thomas P. DiNapoli. “I am pleased to report that the Fund has reached the $200 billion milestone, during a quarter in which returns exceeded the strong performance we saw at the start of the fiscal year,” DiNapoli said. “The Fund’s value continued to rise with equities markets this year, but more significantly it has come a long way since 2008. We take the long view of success, investing in ways that provide consistent returns and retirement security for our members, retirees and beneficiaries for decades to come.”
Returns in recent years have resulted in reductions in employer contributions in fiscal years 2013-2014, 2014-2015 and 2015-2016, allowed them to remain stable in 2017-2018. The contribution will drop further for 2018-2019. This means Westchester County & other cities and towns do NOT face increased payments for pension costs. When contribution rates rose in the midst of the 2008 Wall St Recession, hostility towards public employee pensions rose along with them. Thanks to years of strong management from Comptroller DiNapoli, contribution rates have stabilized and New York has one of the strongest pension plans in the country. Employer Pension Contribution history
Where in New York are Pension System Retirees Living? 78% live right here in New York State. It is a myth that they leave NY ! !
The New York State Retirement System has free consultations Wednesdays at the:
Clarence D. Rappleyea Bldg. (silver office building)
123 Main Street, 1st floor, White Plains, NY
(corner of Dr Martin Luther King Blvd)
9:00 a.m. – 12:00 noon 1:00 p.m. – 4:00 p.m.
Consultations are by appointment only.
There are other offices also
You do not need an appointment to drop off forms, pick up information or have something notarized.
To schedule an appointment, contact the Call Center toll free at:
The Main office: New York State and Local Retirement System
110 State Street Albany, NY 12244-0001
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