ERS of New York City administers pension and other benefits for City employees not covered by one of the other four city-sponsored retirement plans, which cover teachers, police, firefighters, and non-teaching school employees.
New York City Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| New York City ERS |
77,457.3 |
374,264 |
| Other Plans |
0 |
0 |
| Total |
77,457.3 |
374,264 |
Source: Public Plans Database (as of 2022)
Note: New York City Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
New York City Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
37.3 |
| 2002 |
32.8 |
| 2003 |
31.5 |
| 2004 |
34.2 |
| 2005 |
35.5 |
| 2006 |
37.3 |
| 2007 |
42.5 |
| 2008 |
39.7 |
| 2009 |
31.9 |
| 2010 |
35.4 |
| 2011 |
42.4 |
| 2012 |
42.7 |
| 2013 |
47.2 |
| 2014 |
54.4 |
| 2015 |
54.9 |
| 2016 |
55.5 |
| 2017 |
61.3 |
| 2018 |
65.2 |
| 2019 |
68.5 |
| 2020 |
69.9 |
| 2021 |
85.9 |
| 2022 |
77.5 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
New York City Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.2 |
2.4 |
| 2002 |
1.4 |
2.3 |
| 2003 |
1.4 |
2.2 |
| 2004 |
1.4 |
2.1 |
| 2005 |
1.4 |
2.1 |
| 2006 |
1.4 |
2.0 |
| 2007 |
1.4 |
2.0 |
| 2008 |
1.4 |
1.9 |
| 2009 |
1.4 |
1.9 |
| 2010 |
1.4 |
1.8 |
| 2011 |
1.3 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.3 |
1.4 |
| 2015 |
1.3 |
1.4 |
| 2016 |
1.3 |
1.4 |
| 2017 |
1.3 |
1.4 |
| 2018 |
1.2 |
1.3 |
| 2019 |
1.2 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.1 |
1.2 |
| 2022 |
1.1 |
1.2 |
2022 Membership for New York City Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 185,732 |
162,149 |
26,383 |
374,264 |
12 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New York City Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-2,045.1 |
37,251.8 |
| 2002 |
-2,128.8 |
32,842.0 |
| 2003 |
-2,421.8 |
31,524.7 |
| 2004 |
-2,169.3 |
34,177.3 |
| 2005 |
-1,762.0 |
35,526.3 |
| 2006 |
-1,646.8 |
37,288.2 |
| 2007 |
-1,447.7 |
42,514.3 |
| 2008 |
-916.9 |
39,716.8 |
| 2009 |
-781.0 |
31,903.4 |
| 2010 |
-843.1 |
35,383.8 |
| 2011 |
-830.9 |
42,409.1 |
| 2012 |
-337.4 |
42,655.3 |
| 2013 |
-432.8 |
47,194.6 |
| 2014 |
-688.3 |
54,422.0 |
| 2015 |
-711.9 |
54,889.3 |
| 2016 |
-574.5 |
55,489.5 |
| 2017 |
-1,158.3 |
61,316.8 |
| 2018 |
-1,266.7 |
65,206.8 |
| 2019 |
-1,117.8 |
68,524.1 |
| 2020 |
-1,039.4 |
69,892.4 |
| 2021 |
-2,252.7 |
85,906.2 |
| 2022 |
-1,534.3 |
77,457.3 |
2022 Cash Flows for New York City Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 4,427.1 |
5,961.4 |
-6,914.6 |
-8,448.9 |
Cash Flow as a Percentage of Assets
New York City Employees Retirement System
2001-2022
| Fiscal Year |
New York City Employees Retirement System |
National Average |
| 2001 |
-5.5 |
-2.1 |
| 2002 |
-6.5 |
-2.4 |
| 2003 |
-7.7 |
-2.6 |
| 2004 |
-6.3 |
-2.0 |
| 2005 |
-5.0 |
-2.2 |
| 2006 |
-4.4 |
-2.2 |
| 2007 |
-3.4 |
-2.1 |
| 2008 |
-2.3 |
-2.3 |
| 2009 |
-2.4 |
-3.1 |
| 2010 |
-2.4 |
-3.2 |
| 2011 |
-2.0 |
-3.1 |
| 2012 |
-0.8 |
-3.3 |
| 2013 |
-0.9 |
-3.1 |
| 2014 |
-1.3 |
-2.9 |
| 2015 |
-1.3 |
-2.8 |
| 2016 |
-1.0 |
-3.0 |
| 2017 |
-1.9 |
-2.9 |
| 2018 |
-1.9 |
-2.6 |
| 2019 |
-1.6 |
-2.6 |
| 2020 |
-1.5 |
-2.4 |
| 2021 |
-2.6 |
-2.1 |
| 2022 |
-2.0 |
-2.1 |
