State Data » New York

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
New York City ERS 68,524.1 370,442 76.8 100.0 New York City Employees Retirement System
New York City Teachers 57,990.2 225,253 78.4 100.0 New York City Teachers Retirement System
New York State Teachers 122,477.5 432,720 99.6 100.0 New York State Teachers Retirement System
NY State & Local ERS 182,718.1 996,387 95.2 100.0 New York State and Local Retirement Systems
NY State & Local Police & Fire 32,451.0 70,912 93.5 100.0 New York State and Local Retirement Systems
New York City Fire 14,337.6 27,939 62.8 100.0 New York City Fire
New York City Police 40,119.4 87,625 79.3 100.0 New York City Police
New York City Educational 4,991.8 46,346 94.1 100.0 New York City Educational

Source: Public Plans Database (as of 2019)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2019

Fiscal Year NY US
2001 1.3 2.9
2002 1.6 3.0
2003 1.9 3.4
2004 3.1 4.2
2005 4.6 3.8
2006 4.9 3.7
2007 5.3 3.9
2008 5.7 4.2
2009 6.2 4.4
2010 6.0 4.6
2011 7.7 4.9
2012 7.8 5.0
2013 8.1 5.2
2014 8.4 5.6
2015 8.1 5.8
2016 7.8 6.1
2017 7.7 6.0
2018 7.2 6.4
2019 7.1 6.2

Source: Public Plans Database and Census of Governments.

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