The New York City Retirement Systems returned an estimated 3.3% on investment for the fiscal year ended June 30, said a preliminary projection by New York City Comptroller Scott Stringer.
That preliminary figure is below the pension system’s 7% actuarial assumed rate of return.
The return on investment figure for the $163.4 billion pension system is contained in an analysis of the city’s budget for the fiscal year that started July 1. The analysis was published Thursday.
Further breakdowns of the returns were not published.
“As the report notes, this is a preliminary estimate,” Eric Sumberg, a spokesman for Mr. Stringer, wrote in an e-mail response to questions. Mr. Stringer is the custodian and investment adviser for the five public pension plans that comprise the pension system.