The Office of the New York City Comptroller serves as investment advisor, custodian, and trustee for the five New York City public pension systems (collectively referred to as “the Systems”).
The Office of the New York City Comptroller serves as investment advisor, custodian and trustee for the five New York City public pension funds (collectively referred to as the New York City Retirement Systems, or NYCRS).
This report provides a comparative analysis of the overall financial activities of 92 union‑administered welfare and annuity funds that in 2019 received approximately $1.45 billion in City contributions for the benefit of active and retired City employees.
The Corporate Governance and Responsible Investment program of the New York City Comptroller’s Office develops and implements the proxy voting and shareowner initiative programs of the five systems, including engagement with management and directors at portfolio companies.
During Fiscal Years 2019 and 2020, NYCERS paid $5.26 billion and $5.31 billion, respectively, to approximately 165,000 benefit recipients. The objective of this audit was to determine whether NYCERS had adequate controls in place to detect and prevent improper benefit payments to deceased recipients
This audit found that New York City Police Pension Fund’s (PPF’s) has established control procedures to detect and prevent improper pension benefit payments to or in the names of deceased recipients. The audit found two deficiencies in PPF’s control procedures.
Presentation of the audit report on New York City Fire Pension Fund to determine if the Fire Pension Fund had enough management in place to control improper benefit payments to deceased recipients.
This Report, which is prepared by the Comptroller’s Office and reviewed by the Proxy Committee of each system, serves as the annual Proxy Committee Postseason Report (“Postseason Report”) to each retirement system’s Board of Trustees.