New York City Pension Fund

New York City Pension Fund   New York City officials estimate the pension debt at $65 billion, but the Manhattan Institute estimates the debt at $142 billion New York City pension plans assess the return on long-term pension investments to be 7%, when the real return on long term bond investments is closer to 2%. […]

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COMMENTARY: State Pension Funds Shouldn’t be Captive to Politics

This op-ed originally appeared in The Buffalo News on June 09, 2019. The politicization of pensions continues plaguing our state. In a misguided effort to fight climate change, State Sen. Liz Krueger introduced Senate bill 2126, the Fossil Fuel Divestment Act, earlier this year. This prompted an open letter from New York Comptroller Thomas DiNapoli, urging Krueger to reconsider […]

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