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 | 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 | 1.6 | 2.9 |
| 2002 | 1.6 | 3.0 |
| 2003 | 1.5 | 3.4 |
| 2004 | 2.6 | 4.2 |
| 2005 | 5.2 | 3.8 |
| 2006 | 5.0 | 3.7 |
| 2007 | 5.4 | 3.9 |
| 2008 | 6.0 | 4.2 |
| 2009 | 6.4 | 4.4 |
| 2010 | 6.2 | 4.6 |
| 2011 | 7.1 | 4.9 |
| 2012 | 8.2 | 5.0 |
| 2013 | 8.5 | 5.2 |
| 2014 | 8.8 | 5.6 |
| 2015 | 8.4 | 5.8 |
| 2016 | 8.0 | 6.1 |
| 2017 | 8.1 | 6.0 |
| 2018 | 7.6 | 6.4 |
| 2019 | 7.3 | 6.2 |
| 2020 | 6.9 | 6.6 |
| 2021 | 6.5 | 6.8 |