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New York State and Local Retirement System

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The New York State and Local Retirement System (NYSLRS) comprises two different systems, though they are administered by the same staff. They are the Employees’ Retirement System (ERS) with more than 637,900 members and the Police and Fire Retirement System (PFRS) with more than 34,800 members. There are also more than 385,000 pensioners and beneficiaries in the System bringing the total to more than 1,057,700 participants, as of March 31, 2011.

ERS provides service and disability retirement benefits, as well as death benefits to employees of participating public employers in non-teaching positions, exclusive of New York City. This includes uniformed services personnel, such as correction officers and sheriffs.

PFRS provides service and disability retirement benefits, as well as death benefits to police officers and firefighters who work for participating public employers, exclusive of New York City.

The New York State Comptroller is the administrative head of the Retirement System. As fiduciary, the Comptroller acts in the best interests of the System’s members and retirees. The Comptroller is the sole trustee of the Common Retirement Fund (valued at over $147.2 billion as of June 30, 2011). He also ensures that the 292 different benefit programs offered by NYSLRS are managed properly and effectively.

See the Retirement System’s Comprehensive Annual Financial Report for additional information about the Retirement System’s assets.