State Data » New York » New York State and Local Retirement Systems » NY State & Local Police & Fire

NY State & Local Police & Fire Basics

  • Established 1966
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, NY State & Local Police & Fire, 2001-2018

Fiscal Year Net Assets (billions)
2001 17.6
2002 17.3
2003 14.8
2004 18.3
2005 19.3
2006 21.4
2007 23.5
2008 23.4
2009 16.7
2010 20.2
2011 22.4
2012 22.9
2013 24.5
2014 27.0
2015 28.2
2016 27.4
2017 29.6
2018 31.9

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year NY State & Local Police & Fire US State and Local Pensions
2001 1.3 1.9
2002 1.3 1.8
2003 1.2 1.7
2004 1.2 1.6
2005 1.2 1.6
2006 1.1 1.5
2007 1.1 1.5
2008 1.1 1.5
2009 1.1 1.5
2010 1.1 1.4
2011 1.0 1.3
2012 1.0 1.3
2013 0.9 1.2
2014 0.9 1.2
2015 0.9 1.2
2016 0.9 1.2
2017 0.9 1.3
2018 0.9 1.3

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 NY State & Local Police & Fire, 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 {role:annotation}
2001 1.8 0.0 12.1 1.8 1.8
2002 1.5 0.0 12.8 1.5 1.5
2003 3.0 0.0 14.8 3.0 3.0
2004 6.5 0.0 16.9 6.5 6.5
2005 18.0 0.0 21.2 18.0 18.0
2006 16.0 0.0 23.7 16.0 16.0
2007 17.8 0.0 25.5 17.8 17.8
2008 17.5 0.0 28.0 17.5 17.5
2009 16.6 0.0 29.1 16.6 16.6
2010 14.9 0.0 29.3 14.9 14.9
2011 17.2 0.0 31.2 17.2 17.2
2012 22.1 0.0 33.6 22.1 22.1
2013 25.7 0.0 34.7 25.7 25.7
2014 28.4 0.0 33.8 28.4 28.4
2015 26.5 0.0 33.7 26.5 26.5
2016 22.5 0.0 34.0 22.5 22.5
2017 23.6 0.0 33.3 23.6 23.6
2018 24.3 0.0 35.6 24.3 24.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for NY State & Local Police & Fire, 2001-2018

Fiscal Year NY State & Local Police & Fire National Data
2001 132.6 107.1
2002 129.1 101.2
2003 103.3 91.9
2004 104.1 86.3
2005 104.8 83.2
2006 105.2 80.8
2007 106.5 80.2
2008 108.0 79.6
2009 103.8 77.6
2010 96.7 73.2
2011 91.9 72.2
2012 87.9 71.9
2013 89.5 72.7
2014 93.1 72.2
2015 93.2 72.4
2016 92.6 72.2
2017 93.1 74.0
2018 94.0 74.7

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 NY State & Local Police & Fire, 2018

Category Percent
Equities 55.3
Fixed Income 22.3
Private Equity 8.5
Real Estate 6.9
Cash 1.6
Other 0.0
Commodities 0.4
Hedge Fund 5.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for NY State & Local Police & Fire, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 54.7 31.9 6.1 4.7 0.0 0.0 0.0 2.6 0.0
2002 60.1 29.1 5.8 4.4 0.0 0.0 0.0 0.0 0.0
2003 54.0 34.1 6.7 5.0 0.0 0.0 0.0 0.0 0.0
2004 63.0 25.1 6.3 4.1 1.6 0.0 0.0 0.0 0.0
2005 63.5 23.5 7.1 3.9 2.1 0.0 0.0 0.0 0.0
2006 62.8 20.6 7.6 4.4 4.7 0.0 0.0 0.0 0.0
2007 57.9 21.4 7.6 4.7 5.5 0.0 0.0 3.0 0.0
2008 54.7 23.8 7.7 5.6 4.2 0.0 0.0 3.5 0.0
2009 44.3 33.3 10.2 6.6 3.5 0.0 0.0 2.2 0.0
2010 55.2 25.5 8.9 4.7 2.3 0.0 0.0 2.9 0.0
2011 54.3 21.1 10.1 5.8 5.7 0.0 0.0 3.1 0.0
2012 52.5 22.2 10.3 6.8 4.9 0.0 0.0 3.4 0.0
2013 51.6 24.0 9.1 7.5 4.0 0.0 0.0 3.8 0.0
2014 52.7 23.4 8.0 7.6 3.7 0.0 0.0 4.2 0.0
2015 51.1 25.8 7.7 7.0 2.8 0.0 0.0 5.2 0.0
2016 50.9 25.0 8.1 7.5 3.1 0.0 0.0 5.5 0.0
2017 53.9 22.9 8.2 7.1 2.9 0.0 0.0 5.0 0.0
2018 55.3 22.3 8.5 6.9 1.6 0.0 0.4 5.0 0.0

Source: Public Plans Database


Annual Return as of March 31 for NY State & Local Police & Fire, 2001-2018

Fiscal Year NY State & Local Police & Fire Assumed return
2001 -8.65 8.00
2002 2.76 8.00
2003 -10.20 8.00
2004 28.83 8.00
2005 8.51 8.00
2006 14.59 8.00
2007 12.58 8.00
2008 2.56 8.00
2009 -26.38 8.00
2010 25.87 8.00
2011 14.57 7.50
2012 5.96 7.50
2013 10.38 7.50
2014 13.02 7.50
2015 7.16 7.50
2016 0.19 7.50
2017 11.48 7.00
2018 11.35 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
NY State & Local Police & Fire
2001-2018

Fiscal Year Cash Flow Assets
2001 -649.3 17,580.3
2002 -698.7 17,304.8
2003 -756.4 14,817.3
2004 -725.7 18,272.1
2005 -436.3 19,304.3
2006 -549.3 21,411.2
2007 -533.4 23,490.4
2008 -591.4 23,372.2
2009 -616.2 16,695.4
2010 -778.3 20,194.1
2011 -750.3 22,356.7
2012 -655.0 22,888.4
2013 -634.8 24,474.8
2014 -574.9 27,002.0
2015 -665.6 28,199.2
2016 -754.5 27,386.9
2017 -820.1 29,597.8
2018 -903.2 31,903.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
NY State & Local Police & Fire
2001-2018

Fiscal Year NY State & Local Police & Fire National Average
2001 -3.7 -3.2
2002 -4.0 -3.0
2003 -5.1 -4.2
2004 -4.0 -3.1
2005 -2.3 -2.4
2006 -2.6 -1.8
2007 -2.3 -1.2
2008 -2.5 -0.8
2009 -3.7 -0.8
2010 -3.9 -1.1
2011 -3.4 -2.4
2012 -2.9 -1.1
2013 -2.6 -1.1
2014 -2.1 -3.3
2015 -2.4 -1.9
2016 -2.8 -1.7
2017 -2.8 -3.1
2018 -2.8 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for NY State & Local Police & Fire benefit descriptions.