While other states struggle with underfunded pensions and risky bets, New York remains a gold standard for fiscal responsibility thanks to Tom.

• At 92% Funded, New York consistently ranks as one of the best-funded public pension plans in the nation. While the national average for 2025 sits at 82.5%, Tom’s prudent management keeps New York nearly 10 points ahead of the pack.

• Conservative & Prudent: Tom DiNapoli has led the way in lowering the assumed rate of return to 5.9%—the second-lowest in the country. This ensures the Fund doesn't have to take risky bets to meet its goals, protecting retirees even during market downturns.

Tom’s management balances safety and growth, ensuring retirement needs are met without taking unnecessary risks.

• Under his leadership, our pension is at record highs. As of early 2026, the fund is worth a massive $297.8 billion.

• Beating Targets: While the Fund has a conservative long-term target of 5.9%, Tom’s strategy has consistently outperformed. The 10-year annualized return stands at 7.74%, with a 5-year return of 10.6%. [3]

You don’t have to take our word for it. In January 2026, an independent fiduciary and conflict-of-interest review mandated by the state confirmed what New Yorkers already know: 

• "The Fund operates under a strong governance framework with a rigorous system of internal controls and adheres to the highest ethical, professional, and fiduciary standards."[4]

• The review specifically highlighted that Tom DiNapoli’s conservative positioning puts the Fund in a stronger financial position than its peers, ensuring it can withstand economic shifts that would cripple other systems.