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NY pension fund reports 4.6% return for quarter

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ALBANY, N.Y. (AP) — The pension fund for New York state and local government workers has grown to $160.4 billion after its most recent quarter.

The Common Retirement Fund is reporting a 4.61 percent return on investments for the period ending Sept. 30. It paid out $2.37 billion.

The fund pays benefits to more than 400,000 retirees and beneficiaries.

It has recouped losses from the 2008 recession, largely from rebounding stock prices.