The New York State and Local Retirement System (NYSLRS) comprises two different systems, administered by the same staff. They are:
- The Employees’ Retirement System (ERS) with 612,294 members and
- The Police and Fire Retirement System (PFRS) with 35,105 members.
There are also 440,943 pensioners and beneficiaries in the System bringing the total to 1,088,342 participants, as of March 31, 2016.
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 trustee of the Common Retirement Fund (the fair value of the invested assets of the Fund is $178.6 billion as of March 31, 2016). He also ensures that the 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 financial activities.