New York State & Local Retirement System
public plan · State of New York · New York City, NY
Funding History
What This Means for You
New York State & Local Retirement System is in excellent financial health at 98% funded. This means for every dollar the plan owes in future benefits, it has 98 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $253.9B | $259.5B | 97.8% | $10.7B |
| 2024 | $248.3B | $261.1B | 95.1% | $8.0B |
| 2023 | $233.2B | $238.2B | 97.9% | $10.4B |
| 2022 | $219.4B | $236.7B | 92.7% | $7.8B |
| 2021 | $212.3B | $228.8B | 92.8% | $8.4B |
Frequently Asked Questions
New York State & Local Retirement System is 98% funded, meaning it has 98 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
New York State & Local Retirement System has 1,022,458 total participants, including 547,773 active employees and 474,685 retirees currently receiving benefits.
New York State & Local Retirement System is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.