The annual rankings of the top 1,000 pension funds are out and NYSTRS held steady at No. 9, according to trade publication Pensions & Investments (P&I). The rankings were based on total assets as of Sept. 30, 2015.
Both public and private retirement funds and plan sponsors were included in the rankings. NYSTRS, which administers a defined benefit (DB) plan, was positioned as the seventh-largest DB fund as well as No. 7 among public funds.
With $110 billion in assets at the end of its most-recent fiscal year, the System is well funded. The plan is managed cost effectively, with investment fees and expenses averaging 24 cents per $100 managed, as compared to 60 cents or more in fees associated with a private retirement plan, such as a 401(k).
For additional information on NYSTRS' finances, see the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2015, found in the Library at NYSTRS.org.