As the individual responsible for overseeing the pension system for current and former state employees, New York Comptroller Thomas P. DiNapoli needs to make wise decisions when it comes to investments.
The New York State Common Retirement Fund recorded an estimated value of $247.7 billion at the end of last year. This makes it the third-largest public pension plan in the country.
So itâs vital for DiNapoli and his staff members to understand what investments will bring the best returns. With more than 1 million participants counting on the expertise of the comptrollerâs office, managing the 100-year-old retirement fund for state workers and retirees is a serious undertaking.
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