State Data » New York » New York City Fire » New York City Fire

New York City Fire Basics

  • Established 1941
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, New York City Fire, 2001-2016

Fiscal Year Net Assets (billions)
2001 5.69
2002 4.79
2003 4.86
2004 5.35
2005 5.66
2006 6.17
2007 7.20
2008 6.82
2009 5.58
2010 6.44
2011 7.96
2012 8.12
2013 9.13
2014 10.60
2015 10.82
2016 10.90

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2001-2017

Fiscal Year New York City Fire US State and Local Pensions
2001 0.7 1.9
2002 0.7 1.8
2003 0.6 1.7
2004 0.6 1.6
2005 0.7 1.6
2006 0.7 1.5
2007 0.7 1.5
2008 0.7 1.5
2009 0.7 1.5
2010 0.6 1.4
2011 0.6 1.3
2012 0.6 1.3
2013 0.6 1.2
2014 0.6 1.2
2015 0.6 1.2
2016 0.7 1.2
2017 0.7 1.1

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for New York City Fire, 2001-2016

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 24.4 5.8 12.1 30.2
2002 33.4 4.9 12.8 38.3
2003 34.5 7.9 14.8 42.3
2004 41.7 3.7 16.9 45.4
2005 50.9 3.0 21.2 53.9
2006 65.3 0.0 23.7 65.3
2007 68.3 0.0 25.5 68.3
2008 74.2 0.0 28.0 74.2
2009 78.1 0.0 29.1 78.1
2010 76.8 0.0 29.3 76.8
2011 79.1 0.0 31.2 79.1
2012 88.3 0.0 33.6 88.3
2013 87.5 0.0 34.7 87.5
2014 84.3 0.0 33.8 84.3
2015 84.9 0.0 33.7 84.9
2016 89.3 0.0 34.0 89.3

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for New York City Fire, 2001-2017

Fiscal Year New York City Fire National Data
2001 84.7 107.1
2002 80.5 101.2
2003 74.1 91.9
2004 63.9 86.3
2005 60.3 83.2
2006 55.8 80.8
2007 55.1 80.2
2008 56.4 79.6
2009 56.8 77.6
2010 48.2 73.2
2011 50.3 72.2
2012 52.3 71.9
2013 54.3 72.7
2014 55.4 72.2
2015 56.2 72.4
2016 55.1 72.2
2017 56.4 72.2

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for New York City Fire, 2016

Category Percent
Equities 46.6
Fixed Income 32.6
Private Equity 7.3
Real Estate 8.0
Cash 1.6
Other 0.0
Commodities 0.3
Hedge Fund 3.6
Misc. Alternatives 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2016

Category Percent
Equities 48.4
Fixed Income 22.8
Private Equity 8.5
Real Estate 8.8
Cash 1.7
Other 0.2
Commodities 1.5
Hedge Fund 6.9
Misc. Alternatives 1.1

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for New York City Fire, 2009-2016

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2009 51.0 40.0 5.2 3.8 0.0 0.0 0.0 0.0 0.0
2010 56.5 31.5 6.1 4.9 0.8 0.0 0.0 0.0 0.0
2011 55.6 25.2 6.2 6.4 6.4 0.0 0.0 0.0 0.0
2012 50.4 29.6 7.2 7.3 3.0 0.0 0.0 2.3 0.0
2013 52.7 28.7 6.5 7.2 1.5 0.0 0.0 3.3 0.0
2014 52.6 28.5 6.4 7.3 1.6 0.0 0.0 3.5 0.0
2015 47.1 31.0 6.8 7.1 4.3 0.0 0.2 3.6 0.0
2016 46.6 32.6 7.3 8.0 1.6 0.0 0.3 3.6 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of June 30 for New York City Fire, 2004-2016

Fiscal Year New York City Fire Assumed return
2004 16.93 null
2005 10.88 null
2006 10.35 null
2007 18.29 8.00
2008 -4.55 8.00
2009 -18.78 8.00
2010 14.70 7.00
2011 23.15 7.00
2012 1.10 7.00
2013 11.90 8.00
2014 17.39 7.00
2015 3.55 7.00
2016 1.41 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
New York City Fire
2001-2016

Fiscal Year Cash Flow Assets
2001 -263.3 5,690.8
2002 -280.4 4,787.4
2003 -323.7 4,859.6
2004 -315.7 5,351.2
2005 -300.0 5,661.6
2006 -115.7 6,165.3
2007 -116.7 7,202.7
2008 -59.0 6,817.3
2009 -0.3 5,576.8
2010 8.8 6,438.8
2011 2.1 7,955.7
2012 37.8 8,124.7
2013 2.4 9,127.2
2014 -140.3 10,595.8
2015 -93.1 10,815.3
2016 -156.6 10,899.8

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Cash Flow as a Percentage of Assets
New York City Fire
2001-2016

Fiscal Year New York City Fire National Average
2001 -4.6 -3.2
2002 -5.9 -3.0
2003 -6.7 -4.2
2004 -5.9 -3.1
2005 -5.3 -2.4
2006 -1.9 -1.8
2007 -1.6 -1.2
2008 -0.9 -0.8
2009 0.0 -0.8
2010 0.1 -1.1
2011 0.0 -2.4
2012 0.5 -1.1
2013 0.0 -1.1
2014 -1.3 -3.3
2015 -0.9 -1.9
2016 -1.4 -1.7

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

2019 Financial Reports

Benefits

Website for New York City Fire benefit descriptions.