The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for the three-month period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
The Clerk did not record, deposit or disburse all money timely and accurately. Auditors determined the clerk did not deposit 367 collections totaling $22,586 (46 percent) within the required time frames.
New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (the Fund), and the Fire and Police Pension Association of Colorado (FPPA) announced that they have been appointed co-lead plaintiffs in a derivative lawsuit filed against current and former directors and executive officers of The Boeing Company. The order appointing DiNapoli and FPPA as co-lead plaintiffs was issued on August 3 by Delaware Chancery Court Chancellor Andre G. Bouchard.
New York City, New York state and the Metropolitan Transportation Authority all need additional federal aid to mitigate the impact of the COVID-19 pandemic on their budgets and a failure to aid one could adversely affect the others, according to a review of the city’s financial plan released today by New York State Comptroller Thomas P. DiNapoli.
Fund remains well-positioned to weather challenging times, providing retirement security to 1.1 million public workers, retirees and their families.
The Buffalo News published an op-ed from New York State Comptroller Thomas P. DiNapoli today pressing the federal government to do more to help state and local governments hit hard by the coronavirus. The full op-ed is below:
New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020.
