NEW YORK | Wed May 23, 2012 2:56pm EDT NEW YORK (Reuters) - New York state's pension fund assets rose 5.96 percent to $150.3 billion in the 2012 fiscal year, not far from the $154 billion peak set in 2007, the state's comptroller said on Wednesday. Despite the improvement, the return remained below the assumed rate of return of 7.5 percent."Over the last three years, the fund has experienced strong gains during a period of economic instability," Comptroller Thomas DiNapoli said in a statement.In 2009, the value of the pension fund fell to $108.9 billion in the midst of what DiNapoli called the "global economic meltdown".Counties, cities and towns pay into the fund, and DiNapoli told reporters on a telephone conference call that he did ...
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