New York State Teachers Retirement System
public plan · State of New York · New York City, NY
Funding History
What This Means for You
New York State Teachers 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 | $123.8B | $126.6B | 97.8% | $5.3B |
| 2024 | $122.1B | $128.1B | 95.3% | $6.0B |
| 2023 | $118.0B | $118.6B | 99.5% | $7.5B |
| 2022 | $111.4B | $113.1B | 98.5% | $7.2B |
| 2021 | $105.9B | $111.5B | 95.0% | $7.1B |
Frequently Asked Questions
New York State Teachers 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 Teachers Retirement System has 421,297 total participants, including 240,207 active employees and 181,090 retirees currently receiving benefits.
New York State Teachers 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.