Where the City's Pension Money Goes - FY-2012

For FY-2012, the city has budgeted the following amounts for the five pension funds. As of June 30, 2009, the very efficient NYCERS actuary reported the number of members and retirees of the the five pension which I have also included.

System	City Amounts	All Members	All Retiree
TRS:	$2,658.6M	129,308	70,825
Police:	$2,203.7M	38,449	44,285
NYCERS:	$1,423.0M	216,664	131,031
Fire:	$948.7M	11,524	17,263
BERS:	$161.7M	27,295	13,641
Never Never Land:	$950.9M	***	***

Never Never Land is my nick name for a contingency fund which the city claims it might need. That is in contrast to teachers, and fire houses. Last year $603M was budgeted for Never Never Land and never used.

Note: Only 55%, approximately, of the NYCERS members & retirees are city workers.