The city's pension fund scored a 17.4 percent return on investments this past fiscal year, Comptroller Scott Stringer will crow in a report on Monday.
The fiscal year 2014 profit follows annual pension-investment returns of 12.1 percent, 1.4 percent, 23.2 percent and 14.2 percent going back to 2010, according to Stringer.
With these strong returns, "city contributions plus investment returns are sufficient to cover all outflows," according to the Comptroller's Office — even though comptroller officials reached on Sunday couldn't cite exact figures on how much the surplus totals.
"Five years of positive returns are good news for the pension funds and for the city," Stringer said.
The Dow Jones Industrial Average, a key benchmark of stock market growth, jumped 12.3 percent from the end of June 2013, to the close of this past June 30 — so city investments cleared even that bullish standard comfortably,..
The New York City Public Pension Funds' $160.5 billion goes to the retirement accounts of Big Apple cops, firefighters, educators and other municipal workers.
Stringer, elected in November, took over as comptroller, a position that serves as investment adviser and trustee of the New York City Public Pension Funds, on Jan. 1 — which means that his predecessor, John Liu, was in the comptroller's office for exactly the same amount of time as Stringer for FY 2014.
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