The New York State Common Retirement Fund
The New York State Common Retirement Fund (CRF or the Fund) holds assets in trust for more than one million employees and retirees from State governments, most local governments and some public authorities. State Comptroller Thomas P. DiNapoli is the sole trustee and manager of the CRF.
Since taking office, Comptroller DiNapoli has made it a primary objective to manage the $176.2 billion (as of March 31, 2014) CRF in a manner that maximizes investments and provides security for employees through their golden years. He has instituted a number of reforms to make the CRF one of the most transparent and prudently managed public pension funds in the country.
- Accountability: Comptroller DiNapoli tasked the Mercer Group to conduct a compliance review of the 131 transactions approved during DiNapoli's tenure.
- Reform: Comptroller DiNapoli has instituted many reforms to the pension fund since taking office. Comptroller DiNapoli's reforms ensure accountability and transparency of CRF transactions, including a new ban on placement agents.
- Disclosure of Transactions: View monthly reports that detail investments and hiring of fund managers.
- Placement Agent Disclosure: The Office of the State Comptroller has amended the list it published May 6, 2009 disclosing placement agents used during the administration of Alan Hevesi. The list was amended June 18, 2009 to reflect new information provided by the State Attorney General’s office.
- Annual Financial Reports: A detailed listing of CRF assets, value and information about how the CRF is managed annually.
- Common Retirement Fund Overview: A snapshot of the CRF’s members, performance, value and rates.