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New York City Educational Basics

  • Established 1921
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, New York City Educational, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.55
2002 1.44
2003 1.41
2004 1.59
2005 1.69
2006 1.81
2007 2.18
2008 2.02
2009 1.54
2010 1.79
2011 2.32
2012 2.31
2013 2.65
2014 3.28
2015 3.45
2016 3.42
2017 4.10
2018 4.67

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2018

Fiscal Year New York City Educational US State and Local Pensions
2001 2.5 2.5
2002 2.5 2.4
2003 2.0 2.3
2004 1.8 2.2
2005 1.9 2.1
2006 1.8 2.1
2007 1.7 2.0
2008 1.7 2.0
2009 1.7 1.9
2010 1.7 1.8
2011 1.6 1.7
2012 1.9 1.6
2013 1.7 1.5
2014 1.6 1.5
2015 1.5 1.5
2016 1.5 1.4
2017 1.5 1.4
2018 1.4 1.3

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 Educational, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null null 4.9 null
2002 null null 4.7 null
2003 null null 5.6 null
2004 null null 7.2 null
2005 null null 8.8 null
2006 null null 9.1 null
2007 null null 9.8 null
2008 null null 10.1 null
2009 null null 10.0 null
2010 null null 10.2 null
2011 null null 12.2 null
2012 null null 12.5 null
2013 null null 13.5 null
2014 20.6 0.0 14.0 20.6
2015 23.6 0.0 14.4 23.6
2016 23.1 0.0 14.3 23.1
2017 24.0 0.0 14.6 24.0
2018 24.9 0.0 17.5 24.9

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 Educational, 2001-2018

Fiscal Year New York City Educational National Data
2001 95.6 107.2
2002 88.0 102.0
2003 85.5 95.2
2004 83.0 93.9
2005 78.0 91.8
2006 73.2 91.3
2007 76.5 91.9
2008 76.6 91.1
2009 68.7 84.0
2010 57.8 82.4
2011 63.1 81.4
2012 63.0 79.9
2013 56.7 79.7
2014 56.7 80.1
2015 60.5 79.2
2016 60.0 77.4
2017 69.3 77.4
2018 76.6 77.5

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.

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Investments

Asset Allocation for New York City Educational, 2018

Category Percent
Equities 51.5
Fixed Income 34.6
Private Equity 5.9
Real Estate 5.6
Cash 1.3
Other 0.0
Commodities 1.2
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.7
Hedge Fund 7.1
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for New York City Educational, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 65.3 34.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 67.1 32.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 69.1 30.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 68.3 31.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 64.4 35.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 61.7 38.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2007 71.7 27.6 0.7 0.0 0.0 0.0 0.0 0.0 0.0
2008 72.4 26.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0
2009 65.8 32.7 1.5 0.0 0.0 0.0 0.0 0.0 0.0
2010 66.4 31.7 2.0 0.0 0.0 0.0 0.0 0.0 0.0
2011 66.9 28.7 2.8 1.7 0.0 0.0 0.0 0.0 0.0
2012 61.3 33.3 3.3 2.2 0.0 0.0 0.0 0.0 0.0
2013 65.1 29.5 3.0 2.4 0.0 0.0 0.0 0.0 0.0
2014 63.0 14.2 3.3 2.8 0.0 0.0 0.0 0.0 0.0
2015 62.2 25.2 4.1 4.0 4.1 0.0 0.5 0.0 0.0
2016 58.7 28.5 5.0 5.3 1.8 0.0 0.7 0.0 0.0
2017 59.1 28.6 5.1 5.8 0.6 0.0 0.8 0.0 0.0
2018 51.5 34.6 5.9 5.6 1.3 0.0 1.2 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for New York City Educational, 2001-2018

Fiscal Year New York City Educational Assumed return
2001 -8.61 8.00
2002 -7.64 8.00
2003 4.39 8.00
2004 16.35 8.00
2005 10.20 8.00
2006 10.45 8.00
2007 18.76 8.00
2008 -5.30 8.00
2009 -18.20 8.00
2010 15.04 7.00
2011 24.19 7.00
2012 0.10 7.00
2013 12.90 7.00
2014 22.42 7.00
2015 3.41 7.00
2016 0.41 7.00
2017 15.60 7.00
2018 10.37 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 Educational
2001-2018

Fiscal Year Cash Flow Assets
2001 -64.7 1,546.4
2002 -49.1 1,438.4
2003 -57.8 1,410.6
2004 -45.2 1,594.5
2005 -54.8 1,685.5
2006 -52.4 1,809.4
2007 -11.8 2,179.5
2008 -27.0 2,021.9
2009 -155.9 1,536.6
2010 -7.8 1,785.9
2011 16.0 2,323.6
2012 -98.4 2,310.6
2013 -154.0 2,653.7
2014 27.7 3,279.3
2015 63.5 3,454.0
2016 50.6 3,416.4
2017 50.1 4,099.6
2018 84.7 4,672.9

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
New York City Educational
2001-2018

Fiscal Year New York City Educational National Average
2001 -4.2 -2.3
2002 -3.4 -2.3
2003 -4.1 -2.6
2004 -2.8 -1.9
2005 -3.3 -1.9
2006 -2.9 -1.9
2007 -0.5 -1.7
2008 -1.3 -1.9
2009 -10.1 -2.7
2010 -0.4 -2.9
2011 0.7 -2.8
2012 -4.3 -3.1
2013 -5.8 -3.0
2014 0.8 -2.7
2015 1.8 -2.8
2016 1.5 -3.1
2017 1.2 -2.9
2018 1.8 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for New York City Educational benefit descriptions.