Category: Media Coverage

The state pension fund missed its growth target last year. Its value increased by 5.96 percent to top $150 billion for the first time since before the Great Recession, Comptroller Tom DiNapoli announced yesterday. But the increase for the state Read More

The estimated value of the state Common Retirement Fund is $150.3 billion, the highest since the global market meltdown, Comptroller Tom DiNapoli said. The fund earned an estimated 5.96 percent return in the fiscal year that ended in March. "The f Read More

Although the New York State Assembly passed a bill that would raise the state minimum wage from $7.25 to $8.50 on May 15, Gov. Andrew Cuomo says pushing the bill through the GOP-dominated Senate is not in the “realm of possibility.” Progressive o Read More

According to DiNapoli, the estimated balance of the Common Retirement Fund, as it’s known, was $150.3 billion on March 31. Moreover, it posted a 5.96% return on investment for the fiscal year ending March 31. But not so fast. As the Manhat Read More