The New York State Pension Fund has reported a return of 4.51% in the final quarter of 2022, despite ongoing market volatility, according to State Comptroller Tom DiNapoli.
The fund, valued at $242.3 billion at the end of the third quarter of the state’s fiscal year, is well-diversified and able to withstand market fluctuations, DiNapoli said.
Despite paying out $3.8 billion in retirement and death benefits in the past three months, the fund remains strong and its pensioners and members can be confident in its stability, he added.
The Comptroller emphasized the fund’s long-term perspective and prudent management as key factors contributing to its success.
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