State Data » New York » New York City Police » New York City Police

New York City Police Basics

  • Established 1940
  • 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 Police, 2001-2016

Fiscal Year Net Assets (billions)
2001 15.8
2002 14.5
2003 14.3
2004 16.1
2005 17.2
2006 18.6
2007 21.9
2008 21.1
2009 17.4
2010 20.0
2011 24.7
2012 25.5
2013 29.0
2014 31.8
2015 32.4
2016 33.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2016

Fiscal Year New York City Police US State and Local Pensions
2001 1.1 1.9
2002 1.0 1.8
2003 0.9 1.7
2004 0.9 1.6
2005 0.9 1.6
2006 0.8 1.5
2007 0.8 1.5
2008 0.8 1.5
2009 0.8 1.5
2010 0.8 1.4
2011 0.7 1.3
2012 0.7 1.3
2013 0.7 1.2
2014 0.7 1.2
2015 0.7 1.2
2016 0.7 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for New York City Police, 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 {role:annotation}
2001 16.5 5.2 12.1 21.7 21.7
2002 21.4 4.1 12.8 25.5 25.5
2003 25.7 8.1 14.8 33.7 33.7
2004 29.4 3.8 16.9 33.3 33.3
2005 36.7 3.2 21.2 40.0 40.0
2006 47.5 0.0 23.7 47.5 47.5
2007 52.1 0.0 25.5 52.1 52.1
2008 58.1 0.0 28.0 58.1 58.1
2009 59.2 0.0 29.1 59.2 59.2
2010 57.2 0.0 29.3 57.2 57.2
2011 59.9 0.0 31.2 59.9 59.9
2012 68.6 0.0 33.6 68.6 68.6
2013 68.8 0.0 34.7 68.8 68.8
2014 64.1 0.0 33.8 64.1 64.1
2015 64.8 0.0 33.7 64.8 64.8
2016 64.4 0.0 34.0 64.4 64.4

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

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

Fiscal Year New York City Police National Data
2001 104.5 107.1
2002 96.7 101.2
2003 91.5 91.9
2004 80.1 86.3
2005 75.5 83.2
2006 69.5 80.8
2007 68.9 80.2
2008 70.8 79.6
2009 71.3 77.6
2010 60.1 73.2
2011 61.1 72.2
2012 63.7 71.9
2013 66.8 72.7
2014 66.9 72.2
2015 68.6 72.4
2016 70.1 72.2
2017 71.6 74.0

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.

Investments

Asset Allocation for New York City Police, 2016

Category Percent
Equities 51.1
Fixed Income 31.8
Private Equity 6.9
Real Estate 5.1
Cash 0.9
Other 0.0
Commodities 0.3
Hedge Fund 3.6
Misc. Alternatives 0.0

Source: Public Plans Database

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.


Asset allocation for New York City Police, 2001-2016

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 67.0 33.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 65.0 35.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 72.1 27.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 70.6 28.8 0.0 0.0 0.6 0.0 0.0 0.0 0.0
2006 70.7 28.6 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2007 72.4 27.3 0.0 0.0 0.1 0.0 0.0 0.0 0.0
2008 70.7 29.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0
2009 66.9 33.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0
2010 66.1 33.8 0.0 0.0 0.1 0.0 0.0 0.0 0.0
2011 68.1 31.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2012 67.0 32.9 0.0 0.0 0.2 0.0 0.0 0.0 0.0
2013 74.0 25.9 0.0 0.0 0.1 0.0 0.0 0.0 0.0
2014 76.1 23.7 0.0 0.0 0.2 0.0 0.0 0.0 0.0
2015 50.6 30.4 6.8 4.5 0.0 0.0 0.3 3.6 0.0
2016 51.1 31.8 6.9 5.1 0.9 0.0 0.3 3.6 0.0

Source: Public Plans Database


Annual Return as of June 30 for New York City Police, 2001-2016

Fiscal Year New York City Police Assumed return
2001 -8.38 8.00
2002 -7.87 8.00
2003 3.00 8.00
2004 17.04 8.00
2005 10.28 8.00
2006 10.65 8.00
2007 18.88 8.00
2008 -4.83 8.00
2009 -18.63 8.00
2010 13.74 8.00
2011 23.26 7.00
2012 0.87 7.00
2013 12.28 7.00
2014 17.74 7.00
2015 4.09 7.00
2016 1.44 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -580.1 15,765.3
2002 -462.9 14,504.9
2003 -582.9 14,271.6
2004 -474.8 16,136.7
2005 -472.0 17,240.1
2006 -450.1 18,555.5
2007 -60.3 21,905.5
2008 132.7 21,061.0
2009 297.1 17,424.1
2010 274.9 19,985.1
2011 226.1 24,748.9
2012 501.4 25,479.9
2013 471.1 28,986.9
2014 -2,314.4 31,750.9
2015 -418.0 32,356.0
2016 149.6 33,482.6

Source: Public Plans Database


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

Fiscal Year New York City Police National Average
2001 -3.7 -3.2
2002 -3.2 -3.0
2003 -4.1 -4.2
2004 -2.9 -3.1
2005 -2.7 -2.4
2006 -2.4 -1.8
2007 -0.3 -1.2
2008 0.6 -0.8
2009 1.7 -0.8
2010 1.4 -1.1
2011 0.9 -2.4
2012 2.0 -1.1
2013 1.6 -1.1
2014 -7.3 -3.3
2015 -1.3 -1.9
2016 0.4 -1.7

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for New York City Police benefit descriptions.