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August 11, 2010

DiNapoli Statement on Governing Magazine's Pension Fund Report Report: New York is "Nationwide Pension Leader" and CRF is "Highest Funded" in U.S.

"It's my job to keep our Fund strong and protect New York's taxpayers. In an important article about the challenges public pension plans across the nation face, Governing magazine cites New York as a national pension leader and recognizes the New York State Common Retirement Fund as the best-funded plan in the U.S. While the Fund is still recovering from the damage done by the Great Recession and the excessive risk taking that brought the world's economy to its knees, its historic strength and well-diversified investment portfolio has kept the Fund at the top of its class. We are well aware that the costs of maintaining this system will be going up, but it is imperative that we keep the Fund strong for the sake of New York's taxpayers and the employees, retirees, police officers and firefighters who depend on the Fund.

Click here to access the Governing magazine article, or visit the magazine Web site at:



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