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 fund is for public sector employees who provide retirement allowances based on a member's years of service, age, and compensation base. It also provides other types of benefits, such as loans, disability, and death benefits. The assets are managed by the board of trustees.