What Every Employer Should Know
As a System stakeholder, it is important for you to be familiar with the Common Retirement Fund. You should have an understanding of its purpose, how it is structured and managed, its investment performance and philosophy, and how it impacts all stakeholders. To that end...
The Comptroller is the trustee of the Common Retirement Fund, which was established to hold all the assets and income of the Retirement System in a single unified investment program. As of March 31, 2014, the Fund was valued at $176.8 billion. Since FY 2010, the Fund has seen five consecutive years of investment earnings growth. Prior to the recession, in fiscal year 2006–07, the value of the Fund was $154.6 billion.
As trustee, the Comptroller guides the investment of pension funds through the Office of the State Comptroller’s Division of Pension Investments and Cash Management. Composed of nine bureaus — Absolute Return Strategies, College Savings 529, Corporate Governance, Global Equities, Fixed Income, Opportunistic Fund Investments, Private Equity, Real Estate and Risk Management — the Division manages the System’s investments, promotes corporate responsibility, ensures director accountability and attempts to increase corporate performance.