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Thomas DiNapoli's Office

New York state will transition its retirement fund for public employees — the third largest pension fund in the country — to an investment portfolio with net-zero greenhouse gas emissions over the next two decades, State Comptroller Tom DiNapoli said Wednesday.

The announcement is a victory for environmental advocates in New York, who have called on the state to divest from fossil fuel companies for years.

Matt Ryan New York Now

ALBANY (AP) The New York pension fund for state and local government workers reports an investment return of nearly 3 percent for the quarter that ended Dec. 31 with an estimated value of $178.3 billion.

That follows the previous quarter when the fund lost 4 percent, which Comptroller Thomas DiNapoli attributed to late summer volatility in financial markets.

DiNapoli, sole trustee of the fund, says there was some recovery while markets remain challenging across all asset classes.

ALBANY (AP) The Empire Center says the latest public data show more than 2,900 state and local government retirees in New York are collecting pensions topping $100,000.

The fiscally conservative think tank says data from the public retirement system's 2015 fiscal year, which ended in March, shows that total rose by about 200 retirees from a year earlier.

Most - nearly 1,800 - are retired police officers and firefighters.