Tag: Thomas P. DiNapoli

It's official: after a decade in which the New York State pension fund's annual return on assets averaged less than half its target rate, the fund will need to jack up its taxpayer-funded contribution rates next year, Comptroller Thomas DiNapoli announced today. Read More

State Comptroller Thomas DiNapoli yesterday issued a happy talk news release touting the state retirement system's 26 percent return on investments in fiscal 2009-10, which ended March 31. “The Fund remains one of the strongest in the U.S.,” DiNapoli said. Read More

New York is running out of cash, Comptroller Thomas DiNapoli today.  The situation would be worse if Governor Paterson had not , prompting the New York State United Teachers union to file a against him. But don't worry-- will soon be bailing us Read More

The market value of assets in New York State's Common Retirement System increased by 18.3 percent during the first half of the 2009-10 fiscal year, Comptroller Thomas DiNapoli announced today.   That brings the total fund value to $126 billion — Read More

There are no grounds for optimism in released this morning by state Comptroller Thomas DiNapoli. Net personal income tax receipts were down $83 million, or 4 percent, from the same month in 2008—and a full 12 percent below the August 2007 level Read More

Tax-funded contributions to the New York State Employee Retirement System (ERS) will have to jump by 61 percent between 2010 and 2011, .  Contributions for members of the Police and Fire Retirement System (PFRS)--already higher to begin with--will r Read More

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.