New York City Fire Basics, by Plan
Plan |
Assets (millions) |
Total Members |
New York City Fire |
18,655.1 |
27,433 |
Other Plans |
0.0 |
0 |
Total |
18,655.1 |
27,433 |
Source: Public Plans Database (as of 2023)
Note: New York City Fire has 0 other plans.
Assets
Assets at Year-End
New York City Fire
2001-2023
Fiscal Year |
Net Assets (billions) |
2001 |
5.7 |
2002 |
4.8 |
2003 |
4.9 |
2004 |
5.4 |
2005 |
5.7 |
2006 |
6.2 |
2007 |
7.2 |
2008 |
6.8 |
2009 |
5.6 |
2010 |
6.4 |
2011 |
8.0 |
2012 |
8.1 |
2013 |
9.1 |
2014 |
10.6 |
2015 |
10.8 |
2016 |
10.9 |
2017 |
12.1 |
2018 |
13.3 |
2019 |
14.3 |
2020 |
15.1 |
2021 |
18.9 |
2022 |
17.5 |
2023 |
18.7 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
Fiscal Year |
New York City Fire |
US State and Local Pensions |
2001 |
0.7 |
2.4 |
2002 |
0.7 |
2.3 |
2003 |
0.6 |
2.2 |
2004 |
0.6 |
2.1 |
2005 |
0.7 |
2.1 |
2006 |
0.7 |
2.0 |
2007 |
0.7 |
2.0 |
2008 |
0.7 |
1.9 |
2009 |
0.7 |
1.9 |
2010 |
0.6 |
1.8 |
2011 |
0.6 |
1.7 |
2012 |
0.6 |
1.6 |
2013 |
0.6 |
1.5 |
2014 |
0.6 |
1.4 |
2015 |
0.6 |
1.4 |
2016 |
0.7 |
1.4 |
2017 |
0.7 |
1.4 |
2018 |
0.7 |
1.3 |
2019 |
0.7 |
1.3 |
2020 |
0.7 |
1.3 |
2021 |
0.7 |
1.2 |
2022 |
0.7 |
1.2 |
2023 |
0.7 |
1.2 |
2023 Membership for New York City Fire
Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
10,793 |
16,578 |
62 |
27,433 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New York City Fire
2001-2023
Fiscal Year |
Cash Flow |
Assets |
2001 |
-263.3 |
5,690.8 |
2002 |
-280.4 |
4,787.4 |
2003 |
-323.7 |
4,859.6 |
2004 |
-315.7 |
5,351.2 |
2005 |
-300.0 |
5,661.6 |
2006 |
-115.7 |
6,165.3 |
2007 |
-116.7 |
7,202.7 |
2008 |
-59.0 |
6,817.3 |
2009 |
-0.3 |
5,576.8 |
2010 |
8.8 |
6,438.8 |
2011 |
2.1 |
7,955.7 |
2012 |
37.8 |
8,124.7 |
2013 |
2.4 |
9,127.2 |
2014 |
-140.3 |
10,595.8 |
2015 |
-93.1 |
10,815.3 |
2016 |
-156.6 |
10,899.8 |
2017 |
-142.0 |
12,089.9 |
2018 |
-21.1 |
13,267.0 |
2019 |
120.6 |
14,337.6 |
2020 |
49.7 |
15,086.6 |
2021 |
63.4 |
18,908.6 |
2022 |
17.6 |
17,472.2 |
2023 |
-171.0 |
18,655.1 |
2023 Cash Flows for New York City Fire (millions)
Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
1,541.9 |
1,712.9 |
1,353.9 |
1,182.9 |
Cash Flow as a Percentage of Assets
New York City Fire
2001-2023
Fiscal Year |
New York City Fire |
National Average |
2001 |
-4.6 |
-2.1 |
2002 |
-5.9 |
-2.0 |
2003 |
-6.7 |
-2.5 |
2004 |
-5.9 |
-2.0 |
2005 |
-5.3 |
-2.2 |
2006 |
-1.9 |
-2.2 |
2007 |
-1.6 |
-2.1 |
2008 |
-0.9 |
-2.3 |
2009 |
0.0 |
-3.1 |
2010 |
0.1 |
-3.2 |
2011 |
0.0 |
-3.1 |
2012 |
0.5 |
-3.3 |
2013 |
0.0 |
-3.1 |
2014 |
-1.3 |
-2.9 |
2015 |
-0.9 |
-2.8 |
2016 |
-1.4 |
-3.0 |
2017 |
-1.2 |
-2.9 |
2018 |
-0.2 |
-2.6 |
2019 |
0.8 |
-2.6 |
2020 |
0.3 |
-2.4 |
2021 |
0.3 |
-2.1 |
2022 |
0.1 |
-2.1 |
2023 |
-0.9 |
-2.1 |