Report contains a statement of financial condition of the Relief and Pension Fund of the Department of Street Cleaning of the City of New York as of June 30, 2018 and report on operations of said Fund for the year ending June 30, 2018.
Report contains a statement of financial condition of the Relief and Pension Fund of the Department of Street Cleaning of the City of New York as of June 30, 2019 and report on operations of said Fund for the year ending June 30, 2019.
This quarterly report provides an update on NYCO's diversity and EEO activities such as workforce planning, recruitment efforts, community initiatives, etc.
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.
BERS administers the BERS Qualified Pension Plan (the “QPP”) and the BERS Tax Deferred Annuity Program (the “TDA Program”)
The presentation includes all disclosures necessary to enable readers to gain an understanding of the system’s financial and Investment activities and Analysis of changes.
BERS administers the BERS Qualified Pension Plan (the “QPP”) and the BERS Tax Deferred Annuity Program (the “TDA Program”) - Audits & Financial statements - Investment Reports - Actuarial Information - Statistical Reports.
BERS administers the BERS Qualified Pension Plan “QPP” and the BERS Tax Deferred Annuity Program “TDA Program”
QPP is a cost sharing, that provides pension benefits to employees.
TDA Program provides a means of deferring income tax payments on member’s voluntary tax-deferred contributions.
The tumbling stock market has inevitably taken a toll on the value of the city’s pension funds. That means the city may have to increase its contributions to the funds by tens of million—if not hundreds of millions--of dollars in the coming years. We look at a few scenarios.
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