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 69,892.4 374,177 78.1 99.7 New York City Employees Retirement System
New York City Teachers 59,319.0 229,314 78.6 100.0 New York City Teachers Retirement System
New York State Teachers 120,479.5 433,801 98.9 100.0 New York State Teachers Retirement System
NY State & Local ERS 168,115.7 997,911 85.9 100.0 New York State and Local Retirement Systems
NY State & Local Police & Fire 29,964.1 71,773 82.8 100.0 New York State and Local Retirement Systems
New York City Fire 15,086.6 27,939 64.2 100.0 New York City Fire
New York City Police 41,293.0 88,113 80.0 100.0 New York City Police
New York City Educational 5,182.9 49,275 92.2 100.0 New York City Educational

Source: Public Plans Database (as of 2020)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021

Fiscal Year NY US
2001 1.7 2.9
2002 1.8 3.0
2003 2.4 3.4
2004 3.4 4.2
2005 5.2 3.8
2006 5.0 3.7
2007 5.3 3.9
2008 5.7 4.2
2009 6.2 4.4
2010 6.1 4.6
2011 7.8 4.9
2012 7.8 5.0
2013 8.1 5.2
2014 8.4 5.6
2015 8.5 5.8
2016 8.2 6.1
2017 9.1 6.0
2018 11.0 6.4
2019 7.1 6.2
2020 7.0 6.6
2021 6.9 6.8

Source: Public Plans Database and Census of Governments.

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