New York City’s five pensions achieved a 13% return, exceeding their 7% target, driven by a booming US stock market. The funds for police, firefighters, teachers, civil employees, and school personnel reached $326.3 billion in assets by June 30, 2026, per Comptroller Mark Levine’s release. This marked the highest return since 2021.

The success stemmed from record stock market performance, though specifics on sector contributions weren’t detailed. Levine emphasized the funds’ resilience amid market volatility.

While the 13% gain surpassed expectations, challenges remain for long-term sustainability. Diversification strategies and market fluctuations will likely influence future outcomes.

Levine’s report highlights the critical role of equity markets in public pension health, setting a benchmark for similar systems nationwide.