New York State Common Retirement Fund

The New York State Common Retirement Fund is a large investment pool that manages retirement savings for about one million public employees, including teachers, police, and firefighters. It pools their contributions to invest in a wide range of assets like stocks, bonds, real estate, and private equity, aiming to grow these funds over time. The goal is to ensure that members receive their pension benefits when they retire. Managed by the New York State Comptroller's office, it strives for prudent investments that balance risk and return to secure long-term financial stability for its beneficiaries.