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New York State and Local Retirement SystemOffice of the State Comptroller - Home

What Every Employer Should Know

Overview

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 sole 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, 2013, the Fund’s assets under management totaled $160.7 billion.

As sole 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, College Savings 529, Corporate Governance, Global Equities, Fixed Income, Opportunistic 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.