Weather Alert

Snowstorm Well Underway - Periods of Heavy Snow and Difficult Travel into Tonight

Snowfall rates of 1" to at times 2" per hour are likely this afternoon and this evening across most of the area as low pressure passes to the region's south.  This will cause rapid accumulations and low visibility producing hazardous travel conditions.  The storm will begin winding down after 10-11pm with accumulating snow ending from west to east between 1am and 4am Thursday. Click Here for the CBS6 Weather Forecast Page


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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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