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DiNapoli: Pension fund operates at highest ethical and professional standards

Editor’s note: Below, State Comptroller Thomas DiNapoli shares an update on the state Common Retirement Fund, which includes the Employees’ Retirement System.
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s state comptroller, one of my most important jobs is running the $291.4 billion New York State Common Retirement Fund —the fund which pays the pensions of NYSLRS retirees.

A recent independent review of the Fund’s investment operations and policies has confirmed the Fund operates with the highest ethical and professional standards. This is the fifth such review with high marks under my watch.

I am pleased on many levels. First and foremost, because it backs up my commitment to protecting your financial security in retirement. Since taking office, I have set the highest standards to make sure the Fund is one of the best in the nation — and we are! I’m also pleased the review confirms that my knowledgeable staff manages our assets in the most efficient and effective manner possible.

We don’t play games with the Fund or try out risky strategies. The Fund is prudently managed with a diverse portfolio anchored by broad stock exposure and stable bonds. I’m proud of the results-driven, disciplined work my team accomplishes year in and year out.

I encourage you to read the report (bit.ly/pension-fund-review). And you can rest assured our long-term strategy will ensure safe and secure retirements for you in the decades to come.

For more information about your NYSLRS benefits and the Common Retirement Fund, visit our website (osc.ny.gov/retirement).

And remember, the easiest and fastest way to conduct business with NYSLRS — apply for retirement, take out a loan, change your beneficiary — is through Retirement Online (bit.ly/RO-sign-in).

headshot of Thomas DiNapoli

In every issue, State Comptroller Thomas P. DiNapoli, administrator of the New York State and Local Retirement System, provides information on the retirement benefits received by many NYSUT SRPs and support staff. If you are a NYSLRS member with a question of general interest, email united@nysut.org.

We don’t play games with the Fund or try out risky strategies. The Fund is prudently managed with a diverse portfolio anchored by broad stock exposure and stable bonds. I’m proud of the results-driven, disciplined work my team accomplishes year in and year out.

I encourage you to read the report (bit.ly/pension-fund-review). And you can rest assured our long-term strategy will ensure safe and secure retirements for you in the decades to come.

For more information about your NYSLRS benefits and the Common Retirement Fund, visit our website (osc.ny.gov/retirement).

And remember, the easiest and fastest way to conduct business with NYSLRS — apply for retirement, take out a loan, change your beneficiary — is through Retirement Online (bit.ly/RO-sign-in).

headshot of Thomas DiNapoli

In every issue, State Comptroller Thomas P. DiNapoli, administrator of the New York State and Local Retirement System, provides information on the retirement benefits received by many NYSUT SRPs and support staff. If you are a NYSLRS member with a question of general interest, email united@nysut.org.

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