Weather Alert

Significant Winter Storm Possible From Monday Night Through Tuesday

An area of low pressure will track to our south through Monday.  Some light snow should develop through Monday afternoon and evening as a result.  The low pressure will then rapidly intensify off of the Northeast coast Monday night and Tuesday.  Uncertainty remains as to the exact track of this low pressure, but if it tracks close enough to the coast, portions of the area could see a significant snowfall.


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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