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PensionRisk

Arizona State Retirement System (ASRS) vs NYC Employees Retirement System (NYCERS)

Side-by-side pension health comparison from DOL and public plan data

Arizona State Retirement System (ASRS) (B) and NYC Employees Retirement System (NYCERS) (B) are close on the PensionRisk rubric. Funding ratios sit at 72% and 77% respectively — within a few points of each other.

With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.

Reviewed by PensionRisk Editorial Team · Updated

Verdict

NYC Employees Retirement System (NYCERS) has a stronger Pension Health Score of 71/100 (B) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 4.5 percentage points (76.8% vs 72.3%). NYC Employees Retirement System (NYCERS) covers 370,000 participants.

MetricArizona State Retirement System (ASRS)NYC Employees Retirement System (NYCERS)
Health Score
Composite of funding ratio, trend, and PBGC risk
68/100 (B)71/100 (B)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
72.3%76.8%*
Total Assets$46.0B$77.2B
Total Liabilities$63.6B*$100.5B
Unfunded Liability$17.6B*$23.3B
Participants588,000370,000
1-Year Investment Return5.8%*5.6%
Plan Typepublicpublic
PBGC Risk Levelmoderatemoderate
SponsorState of ArizonaNew York City

NYC Employees Retirement System (NYCERS) has a stronger Pension Health Score of 71/100 (B) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 4.5 percentage points (76.8% vs 72.3%). NYC Employees Retirement System (NYCERS) covers 370,000 participants.

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Arizona State Retirement System (ASRS) full profile|NYC Employees Retirement System (NYCERS) full profile

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