The New York State and Local Retirement System (NYSLRS) comprises two different systems, though they are administered by the same staff. They are the Employees’ Retirement System (ERS) with more than 613,900 members and the Police and Fire Retirement System (PFRS) with more than 33,600 members. There are also more than 413,400 pensioners and beneficiaries in the System bringing the total to more than 1,061,000 participants, as of March 31, 2013.
ERS provides service and disability retirement benefits, as well as death benefits to employees of participating public employers in non-teaching positions, exclusive of New York City. This includes uniformed services personnel, such as correction officers and sheriffs.
PFRS provides service and disability retirement benefits, as well as death benefits to police officers and firefighters who work for participating public employers, exclusive of New York City.
The New York State Comptroller is the administrative head of the Retirement System. As fiduciary, the Comptroller acts in the best interests of the System’s members and retirees. The Comptroller is the sole trustee of the Common Retirement Fund (valued at over $173.2 billion as of December 31, 2013). He also ensures that the 346 different benefit programs offered by NYSLRS are managed properly and effectively.
See the Retirement System’s Comprehensive Annual Financial Report for additional information about the Retirement System’s assets.
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