State Pension Fund At All Time High
The state pension fund is valued at an all time high.
That's the word from State Comptroller Thomas DiNapoli, who says the fund is valued at an estimated 160-point-four-billion-dollars, earning an estimated 10.38% rate of return on its investments for the fiscal year ending in March.
DiNapoli says the milestone value remains well-positioned for growth as the financial markets continue to gain strength.
He says fiscal year 2014-2015 will be the final year that employer contribution rates will reflect the market loss of 2008-2009.