New York State Comptroller Thomas P. DiNapoli

As New York State Comptroller, I am responsible for overseeing the New York State and Local Retirement Systemt (NYSLRS).  As fiduciary and trustee of the pension fund, I act in the best interests of the System’s members and retirees. As administrator of one of the largest defined benefit plans in the nation, I am proud to report that our pension fund is strong and secure and has served New York State well for more than 90 years. It is a well-managed and well-funded plan that has helped to provide retirement security for millions of NYSLRS retirees who, in turn,  have provided billions of dollars in economic support to communities throughout New York. In an effort to be transparent, my office publishes a tremendous amount of Retirement System-related information.  I am pleased to work with RPEA to highlight pension system information that is of particular interest to you.

About the New York State and Local Retirement System

 

 

About NYSLRS Members

About NYSLRS Retirees

  • Of the 470,596 retirees and beneficiaries in the System, 370,329 (79%) remain New York State residents. Consequently, benefit payments surpassing $9.8 billion in 2018 alone reached the State’s communities and businesses.
  • NYSLRS paid $12.1 billion in benefits in Fiscal Year 2018.
  • Retirees are responsible for $12 billion in economic activity in New York State. They paid $1.9 billion in property taxes, which represents 3% of the total collected. Their spending is responsible for creating an estimated 73,000 jobs.
  • The average pension for all ERS retirees is $23,680. For those ERS employees who retired in 2018, the average is $29,139.
  • Approximately 27% of all retirees receive less than $10,000 annually. 47% receive less than $20,000 annually. 64% receive less than $30,000 annually.

 

Message to RPEA from Comptroller DiNapoli

Highlights from Comptroller DiNapoli’s Keynote Address at RPEA’s 2017 Annual Meeting