Legacy Replacement Project - Still Adrift

As of the NYCERS Board of Trustees meeting on October 9, 2025, the acting executive director still has no update on the Legacy Replacement Project (LRP) that is four years behind schedule.

On a connected topic, the Trustees still have not appointed a new executive director to replace the former director who retired in May. The agency has also suspended filling a large number of open management positions.

With the election of a new mayor and comptroller, let us hope that the trustees will clean house and appoint a competent person to straighten out the agency.