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, 2001-2023

Fiscal Year Net Assets (billions)
2001 15.77
2002 14.50
2003 14.27
2004 16.14
2005 17.24
2006 18.56
2007 21.91
2008 21.06
2009 17.42
2010 19.99
2011 24.75
2012 25.48
2013 28.99
2014 31.75
2015 32.36
2016 33.48
2017 35.42
2018 37.96
2019 40.12
2020 41.29
2021 51.29
2022 47.04
2023 49.61

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2021

Fiscal Year New York City Police US State and Local Pensions
2001 1.1 2.4
2002 1.0 2.3
2003 0.9 2.2
2004 0.9 2.1
2005 0.9 2.1
2006 0.8 2.0
2007 0.8 2.0
2008 0.8 1.9
2009 0.8 1.9
2010 0.8 1.8
2011 0.7 1.7
2012 0.7 1.6
2013 0.7 1.5
2014 0.7 1.4
2015 0.7 1.4
2016 0.7 1.4
2017 0.7 1.4
2018 0.7 1.3
2019 0.7 1.3
2020 0.7 1.3
2021 0.7 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for New York City Police, 2002-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2002 21.4 4.1 14.9 25.5
2003 25.7 8.1 19.4 33.7
2004 29.4 3.8 20.1 33.3
2005 36.7 3.2 24.8 40.0
2006 47.5 0.0 26.3 47.5
2007 52.1 0.0 27.8 52.1
2008 58.1 0.0 30.0 58.1
2009 59.2 0.0 32.9 59.2
2010 57.2 0.0 33.2 57.2
2011 59.9 0.0 35.0 59.9
2012 68.6 0.0 36.8 68.6
2013 68.8 0.0 37.5 68.8
2014 64.1 0.0 34.3 64.1
2015 65.7 0.0 35.0 65.7
2016 67.6 0.0 35.6 67.6
2017 65.4 0.0 34.1 65.4
2018 65.8 0.0 35.0 65.8
2019 63.2 0.0 35.8 63.2
2020 57.9 0.0 34.9 57.9
2021 56.7 0.0 36.0 56.7
2022 58.4 0.0 36.5 58.4
2023 54.1 0.0 35.1 54.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for New York City Police, 2001-2021

Fiscal Year New York City Police National Data
2001 104.5 101.7
2002 96.7 94.6
2003 91.5 88.8
2004 80.1 87.0
2005 75.5 85.4
2006 69.5 85.2
2007 68.9 86.3
2008 70.8 84.4
2009 71.3 78.4
2010 60.1 75.7
2011 61.1 74.3
2012 63.7 72.3
2013 66.8 71.8
2014 66.9 73.2
2015 68.6 73.2
2016 70.1 71.6
2017 71.6 72.0
2018 75.2 72.4
2019 79.3 72.5
2020 80.0 72.6
2021 83.4 75.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for New York City Police, 2023

Category Percent
Equities 42.9
Fixed Income 31.9
Private Equity 9.1
Real Estate 6.9
Cash 0.7
Other 0.8
Commodities 2.3
Hedge Fund 5.4
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for New York City Police, 2002-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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 71.0 28.7 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2007 72.5 27.4 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 66.2 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 52.6 31.6 7.0 4.6 0.0 0.0 0.3 3.7 0.0
2016 51.2 31.9 6.9 5.2 0.9 0.0 0.3 3.6 0.0
2017 51.9 30.8 6.2 4.8 0.7 0.0 0.4 5.3 0.0
2018 44.2 38.0 6.3 4.7 1.1 0.0 0.6 5.1 0.0
2019 44.6 35.5 6.3 4.9 1.0 0.0 1.0 6.7 0.0
2020 41.2 58.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2021 41.8 58.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2022 42.4 32.0 9.9 6.9 1.0 0.8 1.8 5.3 0.0
2023 42.9 31.9 9.1 6.9 0.7 0.8 2.3 5.4 0.0

Source: Public Plans Database

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Annual Return as of June 30 for New York City Police, 2001-2023

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
2017 13.42 7.00
2018 9.62 7.00
2019 7.18 7.00
2020 4.89 7.00
2021 26.73 7.00
2022 -6.71 7.00
2023 8.62 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
New York City Police
2001-2023

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
2017 -2,174.8 35,423.5
2018 -1,393.3 37,958.9
2019 -565.1 40,119.4
2020 -728.9 41,293.0
2021 -751.4 51,293.9
2022 -599.6 47,043.4
2023 -1,392.0 49,608.5

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
New York City Police
2001-2023

Fiscal Year New York City Police National Average
2001 -3.7 -2.0
2002 -3.2 -2.4
2003 -4.1 -2.5
2004 -2.9 -1.8
2005 -2.7 -2.2
2006 -2.4 -2.2
2007 -0.3 -2.0
2008 0.6 -2.1
2009 1.7 -3.1
2010 1.4 -3.2
2011 0.9 -3.0
2012 2.0 -3.2
2013 1.6 -3.1
2014 -7.3 -2.9
2015 -1.3 -2.7
2016 0.4 -2.9
2017 -6.1 -2.8
2018 -3.7 -2.4
2019 -1.4 -2.4
2020 -1.8 -2.3
2021 -1.5 -2.0
2022 -1.3 -1.9
2023 -2.8 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for New York City Police benefit descriptions.