ALBANY (AP) -- New York's pension fund for public workers has reported a 6 percent return on investment in its latest quarter to a market value of nearly $141 billion.
The Common Retirement Fund for more than 1 million employees, retirees and beneficiaries was valued about $7.8 billion higher for the quarter ending Dec. 31.
Comptroller Thomas DiNapoli says it benefited from a stock market rally and 84 percent of benefits were paid from investment earnings.
Following an actuarial review, the fund last year lowered its assumed rate of return on investments from 8 percent to 7.5 percent.
Its total return for three quarters was 9 percent.
Its value dropped from its historic high of about $154 billion in spring 2008 to $110 billion a year later in the recession.
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