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 61,316.8 348,628 72.2 100.0 New York City Employees Retirement System
New York City Teachers 50,095.7 220,825 63.8 100.0 New York City Teachers Retirement System
New York State Teachers 115,468.4 428,579 97.7 100.0 New York State Teachers Retirement System
NY State & Local ERS 168,004.4 963,231 94.4 100.0 New York State and Local Retirement Systems
NY State & Local Police & Fire 29,597.8 68,574 93.1 100.0 New York State and Local Retirement Systems
New York City Fire 12,089.9 27,785 56.4 100.0 New York City Fire
New York City Police 35,423.5 86,466 71.6 100.0 New York City Police

Source: Public Plans Database (as of 2017)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018

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

Source: Public Plans Database and Census of Governments.

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