A recent national survey ranks NYSTRS among the 10 largest public retirement systems in the country based on total assets.
Pensions & Investments financial journal, which surveyed the 1,000 largest public and private U.S. retirement plans, found that NYSTRS is the 10th largest public retirement system and the seventh largest among defined-benefit public plans.
The survey also found that the 1,000 largest U.S. retirement funds ended the most recent fiscal year with strong assets despite the stock market volatility caused by the ongoing pandemic. The largest funds collectively saw their assets grow 6.6% to a total of $12.1 trillion, the survey said.
The survey concluded that the strong growth in assets was due to the fast recovery of the stock market in the second quarter of 2020 plus federal action on interest rates.
NYSTRS ended the fiscal year on June 30, 2020 with net assets totaling $120.5 billion. During the same period, NYSTRS paid about $7.5 billion in benefits to retirees and beneficiaries.
For more details on the System’s finances and investments, see the 2020 Comprehensive Annual Financial Report or the 2020 Popular Annual Financial Report found on the Annual Reports page of NYSTRS.org.