Virginia Retirement System (VRS) vs NYC Employees Retirement System (NYCERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
NYC Employees Retirement System (NYCERS) has a stronger Pension Health Score of 71/100 (B) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 1.7 percentage points (76.8% vs 75.1%). NYC Employees Retirement System (NYCERS) covers 370,000 participants.
| Metric | Virginia Retirement System (VRS) | NYC Employees Retirement System (NYCERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B) | 71/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.1% | 76.8%* |
| Total Assets | $87.0B | $77.2B |
| Total Liabilities | $115.8B | $100.5B* |
| Unfunded Liability | $28.8B | $23.3B* |
| Participants | 740,000 | 370,000 |
| 1-Year Investment Return | 6.0%* | 5.6% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Virginia | New York City |
NYC Employees Retirement System (NYCERS) has a stronger Pension Health Score of 71/100 (B) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 1.7 percentage points (76.8% vs 75.1%). NYC Employees Retirement System (NYCERS) covers 370,000 participants.