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 | 81,434.5 | 374,911 | 82.5 | 100.0 | New York City Employees Retirement System |
| New York City Teachers | 67,934.3 | 228,336 | 83.8 | 100.0 | New York City Teachers Retirement System |
| New York State Teachers | 137,221.5 | 448,785 | 98.6 | 100.0 | New York State Teachers Retirement System |
| NY State & Local ERS | 211,183.2 | 1,002,403 | 98.0 | 100.0 | New York State and Local Retirement Systems |
| NY State & Local Police & Fire | 38,324.9 | 73,675 | 94.3 | 100.0 | New York State and Local Retirement Systems |
| New York City Fire | 18,655.1 | 27,433 | 69.5 | 100.0 | New York City Fire |
| New York City Police | 49,608.5 | 88,694 | 83.4 | 100.0 | New York City Police |
| New York City Educational | 6,149.5 | 48,976 | 93.0 | 100.0 | New York City Educational |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023
| Fiscal Year | NY | US |
|---|---|---|
| 2001 | 2.3 | 2.9 |
| 2002 | 2.3 | 3.0 |
| 2003 | 2.2 | 3.4 |
| 2004 | 2.8 | 4.2 |
| 2005 | 5.1 | 3.8 |
| 2006 | 5.5 | 3.7 |
| 2007 | 5.7 | 3.9 |
| 2008 | 6.1 | 4.2 |
| 2009 | 6.6 | 4.4 |
| 2010 | 6.3 | 4.6 |
| 2011 | 7.2 | 4.9 |
| 2012 | 8.1 | 5.0 |
| 2013 | 8.3 | 5.2 |
| 2014 | 8.4 | 5.6 |
| 2015 | 8.2 | 5.8 |
| 2016 | 7.5 | 6.1 |
| 2017 | 7.6 | 6.0 |
| 2018 | 7.1 | 6.4 |
| 2019 | 7.3 | 6.2 |
| 2020 | 7.0 | 6.6 |
| 2021 | 6.1 | 6.3 |
| 2022 | 5.3 | 6.7 |
| 2023 | 5.4 | 6.6 |