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Comments on New York City’s Preliminary Budget for Fiscal Year 2017 and Financial Plan for Fiscal Years 2016-2020

EXECUTIVE SUMMARY While the City’s January 2016 Financial Plan forecasts manageable budget gaps in FY 2017 through FY 2020, the Comptroller’s Office projects larger gaps that could grow to $3.77 billion in FY 2020. The Comptroller’s identified risks to the... Read More

Mar 1, 2016

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Discussion through June 30, 2013 without Appendices (2015)

EXECUTIVE SUMMARY Gabriel, Roeder, Smith & Company (GRS) was retained by the Comptroller to serve as Independent Actuary under Section 96 of the New York City Charter and provide other services related to the review of the funding of the... Read More

Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 9 POLICE Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 8 BERS Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 7 TRS Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 6 NYCERS HP TP Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 5 NYCERS TBTA Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 4 NYCERS Corrections Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Report Submitted by Gabriel Roeder Smith & Co. (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 10 FIRE Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Administrative Review of Actuarial Data (2015)

EXECUTIVE SUMMARY Background Gabriel, Roeder, Smith & Company (GRS) was retained by the Comptroller to serve as Independent Actuary under Section 96 of the New York City Charter and provide other services related to the review of the funding of... Read More

Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 1 NYCERS General Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Actuarial Audit of Employer Contributions for Fiscal Year 2014 (2012 lag valuation)

EXECUTIVE SUMMARY Background Gabriel, Roeder, Smith & Company (GRS) was retained by the Comptroller to serve as Independent Actuary under Section 96 of the New York City Charter and provide other services related to the review of the funding of... Read More

Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 2 NYCERS Transit Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Experience Study Appendix 3 NYCERS Sanitation Experience (2015)

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Oct 23, 2015

Final Actuarial Audit Reports Submitted by Gabriel Roeder Smith & Co. – Independent Actuary’s Statement (2015)

Transmittal Letter New York City Retirement Systems Independent Actuary’s Statement October 2015 The Honorable Scott M. Stringer Comptroller of the City of New York One Centre Street New York, New York 10007 Re: Independent Actuary’s Certification Regarding the Funding of... Read More

Oct 23, 2015