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 55,489.5 341,890 71.4 100.0 New York City Employees Retirement System
New York City Teachers 43,629.5 216,687 58.6 100.0 New York City Teachers Retirement System
New York State Teachers 107,506.1 427,498 97.9 100.0 New York State Teachers Retirement System
NY State & Local ERS 156,253.3 950,429 94.1 100.0 New York State and Local Retirement Systems
NY State & Local Police & Fire 27,386.9 66,826 92.6 100.0 New York State and Local Retirement Systems
New York City Fire 10,899.8 27,656 55.1 100.0 New York City Fire
New York City Police 33,482.6 85,686 70.1 100.0 New York City Police

Source: Public Plans Database (as of 2016)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2017

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 7.6 6.0

Source: Public Plans Database and Census of Governments.