Spokesman: Silver Not Stepping Down, Duties Delegated

Spokesman: Silver Not Stepping Down, Duties Delegated

Weather Alert

Nor'easter to Bring a Heavy to Major Snowfall Monday Night into Tuesday Night

A major Nor'easter is expected to develop south of New England Monday night, potentially getting stuck near Cape Cod into Tuesday before moving away Tuesday night.  This storm will bring heavy snow and gusty wind at times causing blowing and drifting snow, potential whiteout conditions at times leading to dangerous travel late Monday night through Tuesday.  Snow accumulations of 10" to 20" will be possible, especially in the Hudson valley and across western New England with amounts up to 10" in the Mohawk valley and western Catskills.   

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Channel 6 News - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

NY state's pension fund reports small drop

ALBANY (AP) -- The pension fund for New York state and local government workers has slipped to $158.7 billion after its most recent quarter.
 
The Common Retirement Fund is reporting a 0.29 percent return on investment for the period ending June 30. It paid out $2.3 billion.
 
Its estimated value was $160.4 billion at the end of March, an all-time high. It pays benefits to more than 400,000 retirees and beneficiaries.
 
The fund has recouped losses from the 2008 recession, largely from rebounding stock prices.
 
State Comptroller Thomas DiNapoli says stock gains were offset by weak fixed-income returns in the latest quarter.
 
The average employer contribution rate is almost 21 percent of salary for most public workers and nearly 29 percent for police and firefighters.

The fund includes about 650,000 employees, most working.

AP-WF-08-18-13 1316GMT
 
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