The New York State pension fund utilizes a conservative long-term assumed rate of return of 5.9%, making it one of only three public funds with a rate below 6%.

The New York State pension fund's largest allocation is to public equities, with a significant portion invested passively, and just under 25% is in fixed income.

New York State had successfully reduced its uninsured population from approximately 10% to less than 5%.

According to Tom DiNapoli, the primary driver of outmigration from New York State is the lack of affordability for middle and lower-income residents, rather than tax policy affecting the wealthy.

The New York State pension fund provides retirement security for 1.3 million public workers.

Tom DiNapoli predicts New York State will face federal funding cuts to its Medicaid program totaling $13 billion to $14 billion over the next two years.