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 Employees Police Fire Board of Ed. Total
U.S. Equity $23,777 $18,851 $13,086 $3,906 $1,771 $61,392
Int’l. Equity 10,568 8,975 5,338 1,805 932 $27,618
Fixed Income* 17,652 15,878 9,809 3,052 1,051 $47,443
Private Equity 2,683 4,026 2,184 700 150 $9,743
Real Assets 1,407 2,380 1,241 415 134 $5,577
Hedge Funds 0 1,873 1,161 378 0 $3,412
Cash** 1,561 743 781 340 93 $3,517
Total $57,649 $52,725 $33,600 $10,596 $4,132 $158,702
Investment Return
FY ending 6/30/14 17.62% 17.05% 17.73% 17.42% 19.47%
FYTD*** -1.06% -0.88% -0.86% -0.90% -1.49%

* 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


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.


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

To view this information as well as the dollar amounts in a pdf format please click here.