New York City Retirement Systems' preliminary return at 1.7%
By Rob Kozlowski | July 17, 2012 4:11 pm
New York City Retirement Systems had a preliminary return of 1.7% on its investments in the fiscal year ended June 30, confirmed Stephanie Hoo, spokeswoman for John C. Liu, city comptroller who oversees the city's five pension funds.
The retirement systems have an actuarial assumed rate of return of 8%. The systems' return for fiscal year 2010 was 23.23%.
The five funds — the New York City Employees' Retirement System, New York City Teachers' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund and New York City Board of Education Retirement System — had $122 billion in combined assets as of June 30.
The returns are unaudited.
Returns by asset class will be available later this summer, according to Ms. Hoo.