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NYS Comptroller

THOMAS P. DiNAPOLI

Pension Fund Overview


  • Third largest pension fund in the United States
  • Value of $210.5 billion in assets held in trust for pension benefits as of March 31, 2019
  • Over 3,000 State and local government participating employers
  • More than one million members, retirees and beneficiaries
  • Two different systems: Employees' Retirement System (ERS) and Police and Fire Retirement System (PFRS)

Investments

Asset Class Allocation as April 1, 2020


As of March 31, 2019


Benefits Paid and Contributions

  • $12.74 billion paid out in benefits in fiscal year 2018-2019
  • Employer contributions totaled $4.75 billion
  • State government contributions totaled $1.78 billion
  • Local government contributions totaled $3.0 billion
  • Employee contributions totaled $386.5 million

Member Information

  • Overall participants in the New York State & Local Retirement System (NYSLRS): 1,139,971
    • 658,176 employees (active and vested)
    • 481,795 retirees and beneficiaries

Average Pensions

  • Average pension for all ERS retirees in FY 2019: $24,345
  • Average pension for all PFRS retirees in FY 2019: $52,804

Economic Contributions of Retirees (except where noted is in calendar year 2018)

  • $12.8 billion in benefits paid (in fiscal year 2018-19)
  • $12.6 billion in economic activity
  • $1.95 billion in property taxes