What Every Employer Should Know
As a NYSLRS stakeholder, it is important for you to be familiar with the Common Retirement Fund (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 Fund, which was established to hold all the assets and income of NYSLRS in a single unified investment program. As of March 31, 2016, the Fund’s estimated value is $178.1 billion.1 Since FY 2010, the Fund has seen six 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 ten bureaus — Absolute Return Strategies, College Savings 529, Corporate Governance, Global Equities, Fixed Income, Opportunistic Fund Investments, Private Equity, Real Estate, Real Assets and Risk Management — the Division manages the Fund’s investments, promotes corporate responsibility, ensures director accountability and attempts to increase corporate performance.
1 Updated 6/16