New York City Employees' Retirement System

New York City Employees' Retirement System is a cost-sharing multi-employer defined-benefit public pension fund based in Brooklyn, New York. Established in 1920, the retirement fund is for public sector employees that provide retirement allowances based on a member's years of service, age, and compensation base. The fund also provides other types of benefits such as loans, disability, and death benefits. The fund's assets are managed by the board of trustees.