The New York SLRS administers pension and other benefits for substantially all public employees, excluding school teachers, outside of New York City. The state comptroller serves as sole trustee and administrative head of the system. The system administers two plans: the ERS and the Police and Fire Retirement System. The plans administer six benefit tiers; membership in each tier is determined by the employee's date of entry into the plan. Differences among the tiers are primarily the age of eligibility for retirement and required employee contributions.
New York State and Local Retirement Systems Basics, by Plan
Source: Public Plans Database (as of 2022)
Note: New York State and Local Retirement Systems has 0 other plans.
Assets
Assets at Year-End
New York State and Local Retirement Systems
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
114.0 |
| 2002 |
112.7 |
| 2003 |
97.4 |
| 2004 |
120.8 |
| 2005 |
128.0 |
| 2006 |
142.6 |
| 2007 |
156.6 |
| 2008 |
155.8 |
| 2009 |
110.9 |
| 2010 |
134.3 |
| 2011 |
149.5 |
| 2012 |
153.4 |
| 2013 |
164.2 |
| 2014 |
181.3 |
| 2015 |
189.4 |
| 2016 |
183.6 |
| 2017 |
197.6 |
| 2018 |
212.1 |
| 2019 |
215.2 |
| 2020 |
198.1 |
| 2021 |
260.1 |
| 2022 |
273.7 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
New York State and Local Retirement Systems |
US State and Local Pensions |
| 2001 |
1.8 |
2.4 |
| 2002 |
1.8 |
2.3 |
| 2003 |
1.7 |
2.2 |
| 2004 |
1.6 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.6 |
1.9 |
| 2009 |
1.5 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.3 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.2 |
1.4 |
| 2015 |
1.2 |
1.4 |
| 2016 |
1.2 |
1.4 |
| 2017 |
1.2 |
1.4 |
| 2018 |
1.1 |
1.3 |
| 2019 |
1.1 |
1.3 |
| 2020 |
1.1 |
1.3 |
| 2021 |
1.0 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for New York State and Local Retirement Systems
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 506,084 |
507,923 |
49,753 |
1,063,760 |
3,683 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New York State and Local Retirement Systems
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-3,675.0 |
114,043.5 |
| 2002 |
-4,049.6 |
112,724.9 |
| 2003 |
-4,116.4 |
97,372.7 |
| 2004 |
-3,908.4 |
120,799.0 |
| 2005 |
-2,441.3 |
128,037.7 |
| 2006 |
-3,033.5 |
142,620.1 |
| 2007 |
-3,410.9 |
156,625.2 |
| 2008 |
-3,943.1 |
155,845.9 |
| 2009 |
-4,479.3 |
110,937.8 |
| 2010 |
-5,108.4 |
134,251.7 |
| 2011 |
-4,043.1 |
149,548.6 |
| 2012 |
-4,022.4 |
153,394.4 |
| 2013 |
-3,890.2 |
164,221.8 |
| 2014 |
-3,545.1 |
181,275.3 |
| 2015 |
-4,307.8 |
189,412.4 |
| 2016 |
-5,387.4 |
183,640.2 |
| 2017 |
-6,263.3 |
197,602.2 |
| 2018 |
-6,863.4 |
212,076.8 |
| 2019 |
-7,669.4 |
215,169.2 |
| 2020 |
-8,290.6 |
198,079.8 |
| 2021 |
-8,648.3 |
260,081.1 |
| 2022 |
-8,736.5 |
273,718.7 |
2022 Cash Flows for New York State and Local Retirement Systems (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 6,332.0 |
15,068.5 |
22,374.1 |
13,637.6 |
Cash Flow as a Percentage of Assets
New York State and Local Retirement Systems
2001-2022
| Fiscal Year |
New York State and Local Retirement Systems |
National Average |
| 2001 |
-3.2 |
-2.1 |
| 2002 |
-3.6 |
-2.4 |
| 2003 |
-4.2 |
-2.6 |
| 2004 |
-3.2 |
-2.0 |
| 2005 |
-1.9 |
-2.2 |
| 2006 |
-2.1 |
-2.2 |
| 2007 |
-2.2 |
-2.1 |
| 2008 |
-2.5 |
-2.3 |
| 2009 |
-4.0 |
-3.1 |
| 2010 |
-3.8 |
-3.2 |
| 2011 |
-2.7 |
-3.1 |
| 2012 |
-2.6 |
-3.3 |
| 2013 |
-2.4 |
-3.1 |
| 2014 |
-2.0 |
-2.9 |
| 2015 |
-2.3 |
-2.8 |
| 2016 |
-2.9 |
-3.0 |
| 2017 |
-3.2 |
-2.9 |
| 2018 |
-3.2 |
-2.6 |
| 2019 |
-3.6 |
-2.6 |
| 2020 |
-4.2 |
-2.4 |
| 2021 |
-3.3 |
-2.1 |
| 2022 |
-3.2 |
-2.1 |
