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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

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DiNapoli: State Pension Fund Value $194.3 Billion

New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020.

State Contract and Payment Actions in June

In June, the Office of the State Comptroller approved 896 contracts for state agencies and public authorities valued at $11.6 billion and approved more than 32.5 million payments worth nearly $25.9 billion. The Office rejected 102 contracts and related transactions valued at more than $1.9 billion and more than 28,500 payments valued at nearly $26.1 million, primarily for errors, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.