Overview

The New York State and Local Retirement System (NYSLRS) administers two distinct retirement systems. They are:

• The Employees’ Retirement System (ERS)
• The Police and Fire Retirement System (PFRS)

Member Information

(as of March 31, 2025)

Overall membership in NYSLRS: 1,264,732

• 735,943 members
  • 699,229 (95%) of members are in ERS
  • 36,714 (5%) of members are in PFRS
• 481,747 retirees
• 47,042 beneficiaries

ERS

(as of March 31, 2025)

• Average pension for all ERS retirees and beneficiaries: $28,491
• Tiers of membership
  • Tier 1 joined before July 1, 1973 (0.1% of members)
  • Tier 2 joined between July 1, 1973 and July 26, 1976 (0.1% of members)
  • Tier 3 joined between July 27, 1976 and August 31, 1983 and
    Tier 4 joined between September 1, 1983 and December 31, 2009
    (29.7% of members are in Tiers 3 & 4)
  • Tier 5 joined between January 1, 2010 and March 31, 2012 (3.8% of members)
  • Tier 6 joined on or after April 1, 2012 (66.3% of members)

PFRS

(as of March 31, 2025)

• Average pension for all PFRS retirees and beneficiaries: $64,131
• Tiers of membership*
  • Tier 1 joined before July 31, 1973 (total of just 10 members)
  • Tier 2 joined between July 31, 1973 and June 30, 2009 (34.4% of members)
  • Tier 3 joined between July 1, 2009 and January 8, 2010 (0.2% of members)
  • Tier 5 joined between January 9, 2010 and March 31, 2012 (4.9% of members)
  • Tier 6 joined on or after April 1, 2012 (60.5% of members)

*There is no Tier 4 in PFRS.

Benefits Paid and Contributions

(for State fiscal year end March 31, 2025)

• Benefits paid out: $16.8 billion
• Employer contributions: $6.2 billion
  • Local government contributions: $4.0 billion
  • State government contributions: $2.2 billion
• Member contributions: $963.9 million

Employers

(as of March 31, 2025)

• Nearly 3,000 employers participate in NYSLRS.

Rev. 11/25