General Information
NYC Public Pension Funds
Overview of the NYC Public Pension Funds
The City’s primary employee Pension Funds are the New York City Employees’ Retirement System (NYCERS); the Teachers’ Retirement System of the City of New York (TRS), the New York City Police Pension Fund Subchapter 2 (POLICE); New York City Fire Department Pension Fund Subchapter Two (FIRE); and the New York City Board of Education Retirement System (BERS). Each Pension Fund is financially independent and has its own board of trustees.
The Funds provide benefits to their members, which are financed by contributions from members, their participating employers and the Funds’ investment earnings.
Investment policies are adopted by each of the Funds’ boards of trustees. Each Board establishes an asset allocation policy and defines investment objectives.
The Comptroller is the custodian and investment advisor to the Boards of the five Pension Funds.
Asset Allocation
| Teachers | NYCERS | Police | Fire | BERS | Total | |
| U.S. Equity | $20,829 | $18,459 | $11,987 | $3,385 | $1,694 | $56,355 |
| REITS | $2,070 | $0 | $184 | $371 | $0 | $2,624 |
| Int’l. Equity | $10,307 | $8,879 | $5,188 | $1,730 | $945 | $27,049 |
| Fixed Income* | $19,199 | $16,109 | $9,580 | $3,215 | $1,258 | $49,362 |
| OFI | $1,460 | $1,438 | $919 | $301 | $0 | $4,118 |
| Private Equity | $3,036 | $4,127 | $2,299 | $799 | $222 | $10,482 |
| Real Assets | $2,247 | $3,035 | $1,660 | $517 | $269 | $7,727 |
| Hedge Funds | $0 | $1,387 | $1,198 | $363 | $0 | $2,948 |
| Cash** | $1,525 | $244 | $419 | $207 | $75 | $2,470 |
| Total | $60,672 | $53,256 | $33,434 | $10,887 | $4,463 | $163,134 |
| Performance | TEACHERS | NYCERS | POLICE | FIRE | BERS | |
| FY ending 6/30/15 | 2.78% | 3.11% | 3.85% | 3.29% | 3.18% | |
| FYTD*** | 0.75% | 0.76% | 0.66% | 0.73% | -0.25% | |
*U.S. Fixed Income assets do not include cash.
**Cash includes Securities Lending, State Street Short Term and BNY‐Mellon CD accounts.
***Fiscal Year to Date begins July 1st.
****Totals may not add due to rounding.
*****Market Value of Alternative investment is reported on a lagged basis.
| Teachers | Employees | Police | Fire | Board of Ed. | Total | |
| U.S. Equity | $20,098 | $17,747 | $11,582 | $3,272 | $1,640 | $54,339 |
| REITS | $2,006 | $0 | $176 | $360 | $0 | $2,541 |
| Int’l. Equity | $10,076 | $8,709 | $5,128 | $1,714 | $946 | $26,574 |
| Fixed Income* | $18,154 | $15,451 | $9,191 | $3,088 | $1,174 | $47,058 |
| OFI | $1,396 | $1,371 | $876 | $285 | $0 | $3,928 |
| Private Equity | $2,935 | $4,091 | $2,291 | $785 | $209 | $10,311 |
| Real Assets | $2,077 | $2,842 | $1,532 | $479 | $240 | $7,099 |
| Hedge Funds | $0 | $1,461 | $1,046 | $338 | $0 | $2,845 |
| Cash** | $1,908 | $559 | $625 | $277 | $94 | $3,462 |
| Total | $58,581 | $52,229 | $32,447 | $10,597 | $4,303 | $158,156 |
| Investment Return | ||||||
| FY ending 6/30/15 | 2.78% | 3.11% | 3.85% | 3.29% | 3.18% | |
| FYTD*** | -2.54% | -2.60% | -2.35% | -0.60% | -3.06% | |
*U.S. Fixed Income assets do not include cash.
**Cash includes Securities Lending, State Street Short Term and BNY-Mellon CD accounts.
***Fiscal Year to Date begins July 1st.
****Totals may not add due to rounding.
| Teachers | Employees | Police | Fire | Board of Ed. | Total | |
| U.S. Equity | $22,996 | $18,344 | $11,833 | $3,693 | $1,768 | $58,634 |
| Int’l. Equity | 10,832 | 9,238 | 4,762 | 1,779 | 929 | $27,539 |
| Fixed Income* | 18,284 | 16,102 | 9,946 | 3,192 | 1,061 | $48,585 |
| Private Equity | 2,734 | 4,042 | 2,201 | 721 | 164 | $9,864 |
| Real Assets | 1,485 | 2,473 | 1,282 | 429 | 150 | $5,819 |
| Hedge Funds | 0 | 1,892 | 1,175 | 383 | 0 | $3,455 |
| Cash** | 2,439 | 1,197 | 1,021 | 473 | 163 | $5,293 |
| Total | $58,771 | $53,293 | $32,220 | $10,670 | $4,236 | $159,189 |
| Investment Return | ||||||
| FY ending 6/30/14 | 17.62% | 17.04% | 17.78% | 17.42% | 19.47% | |
| FYTD*** | 1.04% | 1.01% | 1.29% | 1.10% | 0.58% | |
* U.S. Fixed Income assets do not include cash.
** Cash includes Securities Lending, State Street Short Term and BNY-Mellon CD accounts.
*** Fiscal Year to Date begins July 1st.
| Teachers | Employees | Police | Fire | Board of Ed. | Total | |
| U.S. Equity | $24,839 | $19,562 | $13,170 | $4,120 | $1,753 | $63,444 |
| Int’l. Equity | 9,725 | 8,398 | 5,316 | 1,652 | 914 | $26,005 |
| Fixed Income* | 15,918 | 14,519 | 9,062 | 2,836 | 1,002 | $43,336 |
| Private Equity | 2,481 | 3,845 | 2,048 | 643 | 120 | $9,137 |
| Private Real Estate | 1,199 | 2,159 | 1,078 | 372 | 98 | $4,907 |
| Hedge Funds | 0 | 1,659 | 1,008 | 329 | 0 | $2,996 |
| Cash** | 320 | 387 | 146 | 116 | 33 | $1,003 |
| Total | $54,482 | $50,530 | $31,828 | $10,069 | $3,920 | $150,828 |
| Investment Return | ||||||
| FY ending 6/30/13 | 11.90% | 12.24% | 12.28% | 11.90% | 12.90% | |
| FYTD*** | 10.29% | 10.16 | 10.82% | 10.36% | 12.69% | |
* U.S. Fixed Income assets do not include cash.
** Cash includes Securities Lending, State Street Short Term and BNY-Mellon CD accounts.
*** Fiscal Year to Date begins July 1st.
To view this information as well as the dollar amounts in a pdf format please click here.
To view this information as well as the dollar amounts in a pdf format please click here.
| Teachers | Employees | Police | Fire | Board of Ed. | Total | |
| U.S. Equity | $19,421 | $17,531 | $10,160 | $3,414 | $1,198 | $51,724 |
| Int’l. Equity | 6,090 | 6,710 | 4,250 | 1,245 | 724 | $19,019 |
| Fixed Income* | 11,240 | 10,159 | 6,541 | 2,037 | 690 | $30,667 |
| Private Equity | 1,813 | 2,802 | 1,508 | 434 | 64 | $6,621 |
| Private Real Estate | 498 | 1,059 | 411 | 142 | 0 | $2,111 |
| Cash** | 1,244 | 1,405 | 307 | 228 | 73 | $3,257 |
| Total | $40,306 | $39,667 | $23,178 | $7,500 | $2,750 | $113,399 |
| Investment Return | ||||||
| FY ending 6/30/13 | 14.45% | 14.09% | 13.74% | 14.76% | 15.04% | |
| FYTD*** | 16.11% | 16.16% | 16.41% | 16.30% | 17.82% | |
* U.S. Fixed Income assets do not include cash.
** Cash includes Securities Lending, State Street Short Term and BNY-Mellon CD accounts.
*** Fiscal Year to Date begins July 1st.
To view this information as well as the dollar amounts in a pdf format please click here.