TRS of New York City administers pension and other benefits for certificated employees of public schools, including the City University of New York.
New York City Teachers Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| New York City Teachers |
67,934.3 |
228,336 |
| Other Plans |
0 |
0 |
| Total |
67,934.3 |
228,336 |
Source: Public Plans Database (as of 2023)
Note: New York City Teachers Retirement System has 0 other plans.
Assets
Assets at Year-End
New York City Teachers Retirement System
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
31.6 |
| 2002 |
27.0 |
| 2003 |
26.1 |
| 2004 |
29.3 |
| 2005 |
30.5 |
| 2006 |
32.2 |
| 2007 |
37.1 |
| 2008 |
32.3 |
| 2009 |
23.1 |
| 2010 |
26.4 |
| 2011 |
33.6 |
| 2012 |
32.8 |
| 2013 |
36.9 |
| 2014 |
44.5 |
| 2015 |
44.3 |
| 2016 |
43.6 |
| 2017 |
50.1 |
| 2018 |
54.5 |
| 2019 |
58.0 |
| 2020 |
59.3 |
| 2021 |
78.3 |
| 2022 |
64.0 |
| 2023 |
67.9 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
New York City Teachers Retirement System |
US State and Local Pensions |
| 2001 |
1.8 |
2.4 |
| 2002 |
1.8 |
2.3 |
| 2003 |
1.7 |
2.2 |
| 2004 |
1.7 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.6 |
1.9 |
| 2009 |
1.6 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.5 |
1.7 |
| 2012 |
1.5 |
1.6 |
| 2013 |
1.4 |
1.5 |
| 2014 |
1.4 |
1.4 |
| 2015 |
1.4 |
1.4 |
| 2016 |
1.4 |
1.4 |
| 2017 |
1.4 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.4 |
1.3 |
| 2021 |
1.4 |
1.2 |
| 2022 |
1.4 |
1.2 |
| 2023 |
1.4 |
1.2 |
2023 Membership for New York City Teachers Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 123,211 |
89,997 |
15,128 |
228,336 |
14 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New York City Teachers Retirement System
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-1,362.8 |
31,593.0 |
| 2002 |
-1,602.2 |
27,025.9 |
| 2003 |
-1,724.3 |
26,078.0 |
| 2004 |
-1,612.8 |
29,282.8 |
| 2005 |
-1,797.8 |
30,492.2 |
| 2006 |
-1,894.8 |
32,206.7 |
| 2007 |
-1,851.0 |
37,142.8 |
| 2008 |
-1,736.0 |
32,297.9 |
| 2009 |
-1,383.2 |
23,077.5 |
| 2010 |
-1,455.1 |
26,398.4 |
| 2011 |
-1,686.3 |
33,601.5 |
| 2012 |
-1,630.6 |
32,774.8 |
| 2013 |
-1,639.4 |
36,856.5 |
| 2014 |
-654.9 |
44,489.9 |
| 2015 |
-598.5 |
44,254.7 |
| 2016 |
-1,586.6 |
43,629.5 |
| 2017 |
-1,667.1 |
50,095.7 |
| 2018 |
-1,838.4 |
54,532.5 |
| 2019 |
-2,264.8 |
57,990.2 |
| 2020 |
-2,579.7 |
59,319.0 |
| 2021 |
-3,329.1 |
78,347.3 |
| 2022 |
-3,481.0 |
64,009.4 |
| 2023 |
-3,913.0 |
67,934.3 |
2023 Cash Flows for New York City Teachers Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 3,436.3 |
7,349.3 |
7,837.8 |
3,924.8 |
Cash Flow as a Percentage of Assets
New York City Teachers Retirement System
2001-2023
| Fiscal Year |
New York City Teachers Retirement System |
National Average |
| 2001 |
-4.3 |
-2.1 |
| 2002 |
-5.9 |
-2.0 |
| 2003 |
-6.6 |
-2.5 |
| 2004 |
-5.5 |
-2.0 |
| 2005 |
-5.9 |
-2.2 |
| 2006 |
-5.9 |
-2.2 |
| 2007 |
-5.0 |
-2.1 |
| 2008 |
-5.4 |
-2.3 |
| 2009 |
-6.0 |
-3.1 |
| 2010 |
-5.5 |
-3.2 |
| 2011 |
-5.0 |
-3.1 |
| 2012 |
-5.0 |
-3.3 |
| 2013 |
-4.4 |
-3.1 |
| 2014 |
-1.5 |
-2.9 |
| 2015 |
-1.4 |
-2.8 |
| 2016 |
-3.6 |
-3.0 |
| 2017 |
-3.3 |
-2.9 |
| 2018 |
-3.4 |
-2.6 |
| 2019 |
-3.9 |
-2.6 |
| 2020 |
-4.3 |
-2.4 |
| 2021 |
-4.2 |
-2.1 |
| 2022 |
-5.4 |
-2.1 |
| 2023 |
-5.8 |
-2.1 |
