NYSLRS’ Comprehensive Annual Financial Report (CAFR), published each fall, has a wealth of information about the Retirement System. Much of it is technical, and it crunches a lot of numbers, but it’s also a good place to learn about NYSLRS retirees.
Here are a few tidbits from the latest edition, which includes data from the State fiscal year that ended March 31, 2020.
NYSLRS Retirees by the Numbers
NYSLRS was providing pension benefits to 487,407 retirees and beneficiaries as of the end of the fiscal year.
Nearly 79 percent of NYSLRS retirees and beneficiaries — some 384,286 — live right here in New York State, and they can be found in every county. Long Island is home to more than 60,000 retirees and beneficiaries, while more than 50,000 live in the Capital District.
Our retirees can also be found in every state. Florida, not surprisingly, is the number two choice — more than 38,000 call the Sunshine State home. North Dakota has the least, with only 21 retirees and beneficiaries. Another 639 live outside the United States.
NYSLRS Pensions at Work
In the last fiscal year, NYSLRS paid out $13.4 billion in benefits to retirees and beneficiaries, including $10.8 billion in New York State.
These retirees live in our communities, and their pension money flows right back into our neighborhoods. Retirees in New York pay local property and sales taxes, and their spending supports local businesses, stimulates the economy and generates thousands of jobs. Learn more.
An Award-Winning Publication
NYSLRS has received a Certificate of Achievement for Excellence in Financial Reporting for the CAFR for the last 16 years. It’s a national award recognizing excellence in the preparation of state and local government financial reports.
To find out more about retirees, members and NYSLRS’ investments, check out the latest CAFR on our website.