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Pension Fund Overview


  • Third largest pension fund in the United States
  • $184.5 billion in audited net assets (March 31, 2015) held in trust for pension benefits
  • Over 3,000 State and local government participating employers
  • More than one million members, retirees and beneficiaries
  • $10.3 billion paid out in benefits in fiscal year 2014-15
  • Two different systems: Employees' Retirement System (ERS) and Police and Fire Retirement System (PFRS)

Investments

Percentage of Fund's Total Investment - March 31, 2015


Benefits Paid and Contributions

  • Employer contributions totaled $5.8 billion
  • State government contributions totaled $2.3 billion
  • Local government contributions totaled $3.5 billion
  • Employee contributions totaled $285 million

Member Information

  • Overall membership in the New York State & Local Retirement System (NYSLRS): 1,073,486
    • 643,178 employees (active and vested)
    • 394,076 retirees; 36,232 beneficiaries

Average Pensions

  • Average pension for all ERS retirees in FY 2015: $21,788
  • Average pension for all PFRS retirees in FY 2015: $46,207

Economic Contributions of Retirees

  • $10.3 billion in benefits paid
  • $7.4 billion in spending
  • $10.4 billion in economic activity
  • $1.4 billion in property taxes

(March 31, 2015)