New York City Employees' Retirement System

New York City Employees' Retirement System is a cost-sharing multi-employer defined-benefit public pension fund based in Brooklyn, New York. Established in 1920, NYCERS is a retirement plan for public sector employees that provides retirement allowances based on a member's years of service, age, and compensation base. The plan also provides other types of benefits such as loans, disability, and death benefits. All the benefits payable from the pension fund is funded by employee and employer contributions and from earnings on the invested assets of the system. The mission of the New York City Employees' Retirement System is to administer the statutory pension benefits of the members, retirees, and beneficiaries. The assets of the pension fund are managed by an eleven-member Board of Trustees.