Page 13 - புதியது யார்க் நிலை கம்ப்ரோலர் தாமஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NYC Pension Funds Rebound After Missing Fiscal 2020 Target The city’s five pension systems have returned an estimated 18% in the first seven months of fiscal 2021. New York City’s five pension systems have bounced back from a 4.4% return for fiscal year 2020 that missed an actuarial target of 7%, to return roughly 18% in the first seven months of fiscal year 2021, according to a report from New York State Comptroller Thomas DiNapoli. Since fiscal 2012, the pension funds, which had approximately $239.8 billion in assets under management (AUM) as of November, have earned an average of 7.5% annually on their investments. According to the Comptroller Office’s Review of the Financial Plan of the City of New York, pension contributions have stabilized after growing rapidly for many years, mainly due to higher-than-expected investment returns and savings from lower-cost pension plans enacted for employees hired after March 2012. However, the contributions are still forecast to tot

New yorkUnited statesCity of new yorkThomas dinapoliYork state common retirement fundOffice of the actuaryYork cityNew york state comptroller thomasComptroller officeFinancial planConsumer price indexNew york state common retirement fundPension fundபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப் புதியது யார்க்