The state’s pension fund has hit a record estimated value of $183.5 billion at the end of the state’s fiscal year in March, Comptroller Tom DiNapoli’s office on Friday announced.

The fiscal year runs from April 1 through March 31.

“The Fund performed well over the past year despite the challenges in the market,” DiNapoli said in a statement. “We achieved a solid return on investments in the midst of global volatility thanks to our talented investment staff and our diversified asset allocation.”

New York maintains the third-largest public pension fund in the nation with one million state and local government employees, retirees and beneficiaries.

The pension fund’s long-term rate of rate is expected to be at 7.5 percent, DiNapoli’s office said.