New York State & Local Retirement System (NYSLRS)
public plan · State of New York · Albany, NY
Funding History
What This Means for You
New York State & Local Retirement System (NYSLRS) is in excellent financial health at 95% funded. This means for every dollar the plan owes in future benefits, it has 95 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 |
|---|---|---|---|---|
| 2023 | $248.0B | $260.2B | 95.3% | $9.2B |
| 2022 | $240.6B | $261.5B | 92.0% | $8.9B |
| 2021 | $233.1B | $235.5B | 99.0% | $8.6B |
| 2020 | $225.7B | $242.7B | 93.0% | $8.4B |
| 2019 | $218.2B | $227.3B | 96.0% | $8.1B |
Frequently Asked Questions
New York State & Local Retirement System (NYSLRS) is 95% funded, meaning it has 95 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
New York State & Local Retirement System (NYSLRS) has 1,070,000 total participants, including 550,000 active employees and 520,000 retirees currently receiving benefits.
New York State & Local Retirement System (NYSLRS) 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.