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NY Comptroller Announces Record Return For Pension Fund


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New York State Comptroller Tom DiNapoli is using the strength of the state’s pension fund to push for social changes at online retailer Amazon. Capitol Correspondent Karen DeWitt spoke with the Democrat, who reports a record return on pension fund investments of nearly 34 percent, a result of the past year’s booming stock market.
DiNapoli: Going back 40 years, it really is a record. If you had to look twice, I had to look three times. Because you remember last year, when we announced the return because COVID had just hit right before our March 31 valuation date, we actually ended up with a negative. We hadn t had a negative for, you know, for a decade before, minus 2.68. So you know what the markets coming back, since then we were optimistic for a positive return. But no one could have projected, you know, a 33.55% positive return, it really is historic. And it s pushed our estimated value up to $254.8 billion. Again, a record high. ....

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DiNapoli Rejects Claim That Cuomo Book Probe Is Politically Motivated


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New York State Comptroller Tom DiNapoli is pushing back against claims from Governor Andrew Cuomo’s spokesperson that a recent referral to the state attorney general is politically-motivated piling on.
On Monday, DiNapoli sent a letter to Attorney General Tish James authorizing her to begin a probe of Governor Cuomo’s pandemic book deal and whether he used government staff to write the COVID-19 memoir. All three are Democrats.
Cuomo spokesman Rich Azzopardi says “the idea there was criminality involved here is patently absurd,” and questioned the motives of both DiNapoli and James, who he said have discussed running for governor themselves. DiNapoli addressed the situation on WAMC’s Capitol Connection with Alan Chartock Wednesday. ....

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