Category: Blog

DiNapoli announced today that he's approved a recommendation by the State Retirement System Actuary to reduce, from 6.8 percent to 5.9 percent, the assumed rate of return (RoR) on investments by the $268 billion Common Retirement Fund, which underwrites the New York State and Local Employee Retirement System (NYSLERS) and Police and Fire Retirement System (PFRS), of which the comptroller is the sole trustee. Read More

New York managed to tie the nation’s private-sector job growth rate in July—but compared to the U.S. as a whole, the Empire State remains much further below its pre-recession employment level, according to preliminary estimates in today’s monthly jobs report from the state Labor Department. Read More