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 65,206.8 366,077 74.1 100.0 New York City Employees Retirement System
New York City Teachers 54,532.5 224,492 69.3 100.0 New York City Teachers Retirement System
New York State Teachers 119,915.5 430,875 99.2 100.0 New York State Teachers Retirement System
NY State & Local ERS 180,173.2 987,327 95.1 100.0 New York State and Local Retirement Systems
NY State & Local Police & Fire 31,903.7 69,816 94.0 100.0 New York State and Local Retirement Systems
New York City Fire 13,267.0 27,785 59.1 100.0 New York City Fire
New York City Police 37,958.9 86,466 75.2 100.0 New York City Police
New York City Educational 4,672.9 45,839 76.6 100.0 New York City Educational

Source: Public Plans Database (as of 2018)

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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