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NYS Comptroller

THOMAS P. DiNAPOLI

Pension Fund Overview


  • Third largest pension fund in the United States
  • Audited value of $207.4 billion in assets held in trust for pension benefits as of March 31, 2018.
  • 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)

As of March 31, 2017


Benefits Paid and Contributions

  • $11.45 billion paid out in benefits in fiscal year 2016-2017
  • Employer contributions totaled $4.78 billion
  • State government contributions totaled $1.81 billion
  • Local government contributions totaled $2.97 billion
  • Employee contributions totaled $329 million

Member Information

  • Overall participants in the New York State & Local Retirement System (NYSLRS): 1,104,779
    • 652,324 employees (active and vested)
    • 452,455 retirees and beneficiaries

Average Pensions

  • Average pension for all ERS retirees in FY 2017: $23,026
  • Average pension for all PFRS retirees in FY 2017: $49,123

Economic Contributions of Retirees

  • $11.45 billion in benefits paid
  • $11.8 billion in economic activity
  • $1.7 billion in property taxes