NYC Teachers Retirement System
public plan · New York City · Albany, NY
Funding History
What This Means for You
NYC Teachers Retirement System is in excellent financial health at 78% funded. This means for every dollar the plan owes in future benefits, it has 78 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 | $89.0B | $114.3B | 77.9% | $4.2B |
| 2024 | $84.7B | $104.5B | 81.1% | $5.9B |
| 2023 | $82.6B | $102.3B | 80.8% | $4.4B |
| 2022 | $81.7B | $108.1B | 75.6% | $5.6B |
| 2021 | $76.1B | $110.5B | 68.9% | $4.7B |
Frequently Asked Questions
NYC Teachers Retirement System is 78% funded, meaning it has 78 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
NYC Teachers Retirement System has 220,816 total participants, including 99,138 active employees and 121,678 retirees currently receiving benefits.
NYC 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.