New York State Teachers' Retirement System, Albany, reported an estimated $107.6 billion in assets for the fiscal year ended June 30, an all-time high and a 12.8% gain from the $95.4 billion a year earlier.
The main contributor to the asset gain was a strong stock market, Richard Young, the pension system's actuary, said Wednesday at the quarterly meeting of the system's retirement board. Audited asset figures should be available in October.
Mr. Young said the audited return-on-investment figures for the fiscal year ended June 30 would be ready in October.
John Cardillo, a spokesman for the pension system, said in an interview that the return on investment for the nine months ended March 31 was 13.5%.
Mr. Young said an audited funded ratio for the fiscal year ended June 30 will be available in January; he predicted the ratio will be above 90%.
The system's funded ratio for the 12 months ended June 30, 2013, was 87.5% on an actuarial value of assets basis.
