New York State Local Retirement System

Aug 9, 2017   The NYS Pension fund is at an all-time high fund balance of $197.1 Billion.  The New York State Common Retirement Fund’s (Fund) overall return in the first quarter of the state fiscal year 2017-2018 was 2.9 percent for the period ending June 30, 2017, with an estimated value of $197.1 billion, according to New York State Comptroller Thomas P. DiNapoli.
“Strong domestic stock market returns continued to buoy our investments through the opening months of the state fiscal year,” DiNapoli said. “As a long term investor, the fund’s performance is best measured by its success over a period of years if not decades, but we always welcome a strong quarter.”
Returns in recent years have resulted in reductions in employer contributions in fiscal years 2013-2014, 2014-2015 and 2015-2016, allowed them to remain stable in 2017-2018. The contribution will drop further for 2018-2019. This means Westchester County & other cities and towns do NOT face increased payments for pension costs.  When contribution rates rose in the midst of the 2008 Wall St Recession, hostility towards public employee pensions rose along with them. Thanks to years of strong management from Comptroller DiNapoli, contribution rates have stabilized and New York has one of the strongest pension plans in the country.    Employer Pension Contribution history

 

The New York State Retirement System
has free consultations Wednesdays at the:

White Plains office Main St and Martin Luther King Blvd
Clarence D. Rappleyea Bldg. (silver office building)
123 Main Street, 1st floor, White Plains, NY
(corner of Dr Martin Luther King Blvd)
9:00 a.m. – 12:00 noon    1:00 p.m. – 4:00 p.m.

Consultations are by appointment only.
  There are other offices also
You do not need an appointment to drop off forms, pick up information or have something notarized.
To schedule an appointment, contact the Call Center toll free at:
 1-866-805-0990
The Main office: New York State and Local Retirement System
110 State Street   Albany, NY 12244-0001
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Good news for future CSEA retirees:  The Pension fund is at record fund balance levels!

Comptroller Tom DiNapoli’s announcement from Feb 2017. 

 

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