Dear New Yorkers,

Today, with the trustees of the City’s five retirement systems, I am proud to announce strong 10.3% pension returns for Fiscal Year 2024-2025.

These returns exceeded our targets for the third consecutive fiscal year, delivering $2.18 billion in savings for the City that we’ll be able to invest in schools, housing, and other critical social services that benefit New Yorkers. Watch my announcement below.

This is a win for retirees – and all of New York City!

These secure returns are also a testament to this office’s talented Bureau of Asset Management team. By taking a disciplined, long-term approach that integrates responsible investing as a strategy, we’ve been able to assess and mitigate portfolio risk.

Despite market volatility due in part to the shifts in federal policy and the introduction of new trade tariffs, we are delivering solid performance that will safeguard the pensions of hundreds of thousands of hardworking public servants.

Learn more about NYC’s public pension funds and how the Comptroller’s Office is working to strengthen them for years to come.

Thanks,

Brad

Office of the New York City Comptroller

Our mailing address is:
Office of New York City Comptroller Brad Lander
1 Centre Street
New York, NY 10007
United States

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