The CAFR contains information about the assets and liabilities of NYCERS' pension fund. Statistical tables show the composition of NYCERS' membership, which is used by the Actuary to determine the amount that employers must contribute to the Fund each year in order to pay statutory benefits.
Under the requirements of the New York State Municipal Assistance Corporation Act and the New York State Financial Emergency Act, the City of New York is required to submit this monthly financial report.
Advises that OLR has no capital projects to report on for purposes of the following provisions under the NYC Charter:
• Charter § 219(d), requiring each agency to prepare and submit periodic reports in regard to the progress of its capital projects.
• Charter § 222(a) requiring a report on the pro