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Table 18.IV.D

New York City's Pension Trust Funds
Additions and Deductions

 
     
  For Fiscal Year Ended June 30, 2014
(in thousands)
 
  Particulars NYC
Employees'
Retirement
System
NYC
Teachers'
Retirement
System
Board of
Education
Retirement
System
NYC
Police
Pension
Fund
NYC
Fire
Pension
Fund
Total  
  Additions:  
  Member contributions
$447,689
$793,941
$100,960
$228,783
$108,859
$1,680,232
 
  Employer contributions
$3,114,068
$2,998,694
$214,590
$2,320,910
$969,956
$9,618,218
 
  Other employer contributions
-
$55,730
-
-
-
$55,730
 
  Interest income
$658,691
$742,961
$47,198
$378,344
$126,438
$1,953,632
 
  Dividend income
$739,163
$970,861
$65,626
$447,569
$151,502
$2,374,721
 
  Change in value of investments
$6,688,980
$9,515,116
$856,022
$4,435,137
$1,455,082
$22,950,337
 
  Investment expenses
($184,611)
($169,736)
($12,171)
($120,830)
($42,803)
($530,151)
 
  Securities lending income
$10,251
$9,594
$1,084
$8,443
$4,441
$33,813
 
  Securities lending fees
($1,450)
($1,479)
($83)
($1,180)
($5,175)
($9,367)
 
  Other
$4,648
$404
($181,189)
$6,911
$39,980
($129,246)
 
  Total additions
$11,477,429
$14,916,086
$1,092,037
$7,704,087
$2,808,280
$37,997,919
 
     
  Deductions:  
  Benefit payments 
$4,040,445
$4,575,560
$254,725
$2,691,609
$1,171,329
$12,733,668
 
  Payments to other funds
-
-
-
-
-
-
 
  Administrative expenses
$50,431
$63,230
$12,307
$17,450
-
$143,418
 
  Other
$7,228
-
-
-
-
$7,228
 
  Total deductions
$4,098,104
$4,638,790
$267,032
$2,709,059
$1,171,329
$12,884,314
 
  Increase/
Decrease in net assets
$7,379,325
$10,277,296
$825,005
$4,995,028
$1,636,951
$25,113,605
 
     
  Net Assets held in Pension Trusts:    
  Beginning of Year
$47,230,602
$60,086,133
$3,891,722
$29,277,622
$9,789,984
$150,276,063
 
  End of Year
$54,609,927
$70,363,429
$4,716,727
$34,272,650
$11,426,935
$175,389,668
 
     
  For Fiscal Year Ended June 30, 2013
(in thousands)
 
  Particulars NYC
Employees'
Retirement
System
NYC
Teachers'
Retirement
System
Board of
Education
Retirement
System
NYC
Police
Pension
Fund
NYC
Fire
Pension
Fund
Total  
  Additions:  
  Member contributions
$437,775
$788,598
$100,606
$229,675
$104,816
$1,661,470
 
  Employer contributions
$3,046,845
$2,855,640
$196,246
$2,424,691
$962,173
$9,485,595
 
  Other employer contributions
-
$57,204
-
-
-
$57,204
 
  Interest income
$624,732
$708,833
$44,021
$381,267
$116,868
$1,875,721
 
  Dividend income
$696,700
$943,135
$57,377
$402,019
$138,937
$2,238,168
 
  Change in value of investments
$3,801,091
$5,404,452
$628,894
$2,406,289
$819,122
$13,059,848
 
  Investment expenses
($183,252)
($151,402)
($9,635)
($105,960)
($38,482)
($488,731)
 
  Securities lending income
$31,981
$38,356
$2,556
$21,048
$6,868
$100,809
 
  Securities lending fees
($4,196)
($5,469)
($252)
($3,100)
($882)
($13,899)
 
  Other
$5,072
($43)
($263,111)
$6,118
$38,965
($212,999)
 
  Total additions
$8,456,748
$10,639,304
$756,702
$5,762,047
$2,148,385
$27,763,186
 
     
  Deductions:  
  Benefit payments 
$3,863,491
$4,220,152
$238,750
$2,530,634
$1,136,004
$11,989,031
 
  Payments to other funds
-
-
-
-
-
-
 
  Other
$5,250
-
-
-
-
$5,250
 
  Administrative expenses
$48,666
$49,877
$11,381
$17,548
-
$127,472
 
  Total deductions
$3,917,407
$4,270,029
$250,131
$2,548,182
$1,136,004
$12,121,753
 
  Increase/
Decrease in net assets
$4,539,341
$6,369,275
$506,571
$3,213,865
$1,012,381
$15,641,433
 
     
  Net Assets held in Pension Trusts:    
  Beginning of Year
$42,691,261
$53,716,858
$3,385,151
$26,063,757
$8,777,603
$134,634,630
 
  End of Year
$47,230,602
$60,086,133
$3,891,722
$29,277,622
$9,789,984
$150,276,063
 
     
  For Fiscal Year Ended June 30, 2012
(in thousands)
 
  Particulars NYC
Employees'
Retirement
System
NYC
Teachers'
Retirement
System
Board of
Education
Retirement
System
NYC
Police
Pension
Fund
NYC
Fire
Pension
Fund
Total  
  Additions:  
  Member contributions
$403,641
$164,361
$32,866
$216,172
$98,494
$915,534
 
  Employer contributions
$3,017,004
$2,673,078
$213,651
$2,230,702
$976,895
$9,084,330
 
  Other employer contributions
-
$59,185
-
-
-
$59,185
 
  Interest income
$527,999
$561,666
$25,990
$361,931
$97,567
$1,575,153
 
  Dividend income
$637,074
$706,921
$30,182
$333,333
$122,806
$1,830,316
 
  Change in value of investments
($481,678)
($385,387)
$33,513
($212,957)
($98,920)
($1,145,429)
 
  Investment expenses
($129,482)
($110,382)
($5,812)
($91,684)
($32,928)
($370,288)
 
  Securities lending income
$26,304
$32,664
$83,873
$16,551
$5,340
$82,356
 
  Securities lending fees
($1,324)
($2,475)
($28)
($1,102)
($317)
($5,246)
 
  Other
$4,772
$853
-
$5,552
$37,661
$48,383
 
  Total additions
$4,004,310
$3,700,484
$331,859
$2,831,498
$1,206,598
$12,074,749
 
     
  Deductions:  
  Benefit payments 
$3,689,230
$4,487,547
$194,507
$2,083,907
$1,037,589
$11,492,780
 
  Payments to other funds
$12,441
-
-
-
-
$12,441
 
  Other
$4,977
-
$141,695
-
-
$146,672
 
  Administrative expenses
$51,385
$39,713
$8,687
$16,577
-
$116,362
 
  Total deductions
$3,758,033
$4,527,260
$344,889
$2,100,484
$1,037,589
$11,768,255
 
  Increase/
Decrease in net assets
$246,277
($826,776)
($13,030)
$731,014
$169,009
$306,494
 
     
  Net Assets held in Pension Trusts:    
  Beginning of Year
$42,409,059
$33,601,537
$2,323,629
$24,748,860
$7,955,668
$111,038,753
 
  End of Year
$42,655,336
$32,774,761
$2,310,599
$25,479,874
$8,124,677
$111,345,247
 
     
  For Fiscal Year Ended June 30, 2011
(in thousands)
 
  Particulars NYC
Employees'
Retirement
System
NYC
Teachers'
Retirement
System
Board of
Education
Retirement
System
NYC
Police
Pension
Fund
NYC
Fire
Pension
Fund
Total  
  Additions:  
  Member contributions
$413,740
$158,829
$31,008
$206,859
$94,893
$905,329
 
  Employer contributions
$2,387,216
$2,468,973
$180,191
$2,084,563
$890,706
$8,011,649
 
  Other employer contributions
-
$56,138
-
-
-
$56,138
 
  Interest income
$492,169
$538,883
$28,462
$295,753
$91,695
$1,446,962
 
  Dividend income
$619,853
$643,854
$29,010
$307,839
$100,972
$1,701,528
 
  Change in value of investments
$6,864,360
$7,808,361
$373,410
$4,008,833
$1,304,444
$20,359,408
 
  Investment expenses
($145,088)
($125,546)
($6,463)
($90,375)
($28,242)
($395,714)
 
  Securities lending income
$23,364
$27,836
$1,388
$15,093
$4,756
$72,437
 
  Securities lending fees
($3,202)
($4,719)
($117)
($2,046)
($733)
($10,817)
 
  Other
$4,707
$737
$95,958
$2,561
$41,887
$145,850
 
  Total
additions
$10,657,119
$11,573,346
$732,847
$6,829,080
$2,500,378
$32,292,770
 
     
  Deductions:  
  Benefit payments 
$3,568,707
$4,4330,670
$186,265
$2,049,193
$983,474
$11,118,309
 
  Payments to other funds
$12,357
-
-
-
-
$12,357
 
  Other
$4,416
-
-
-
-
$4,416
 
  Administrative expenses
$46,374
$39,549
$8,892
$16,141
-
$110,956
 
  Total deductions
$3,631,854
$4,370,219
$195,157
$2,065,334
$983,474
$11,246,038
 
  Increase/
Decrease in net assets
$7,025,265
$7,203,127
$537,690
$4,763,746
$1,516,904
$21,046,732
 
     
  Net Assets held in Pension Trusts:    
  Beginning of Year
$35,383,794
$26,398,410
$1,785,939
$19,985,114
$6,438,764
$89,992,021
 
  End of Year
$42,409,059
$33,601,537
$2,323,629
$24,748,860
$7,955,668
$111,038,753
 
     
 
Notes:
See Table 18.I for an explanation of the term General Fund.
 
     
     
 

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Source:
Comprehensive Annual Financial Reports of the Comptroller

 

 

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