By supporting local businesses, helping to create jobs and paying their fair share of taxes, NYSLRS retirees contribute to the economic health of our communities. And because NYSLRS provides a lifetime monthly benefit retirees can count on, pensions boost local economies in good times and bad, helping to build a stronger New York.
During 2022, approximately 78 percent of NYSLRS retirees lived in NY and were responsible for $17.3 billion in economic activity.
Click on a region or see statewide impact.
Retirees Contribute Map
Retirees Contribute - Upper Hudson Valley
Retirees and beneficiaries: 40,036 (3.4% of the region’s population)
- Paid $251 million in property taxes (6.2% of the property taxes collected in the region).
- Generated $96 million in State and local sales tax.
- Spent approximately $1.8 billion on goods and services, supporting 7,900 jobs.
Retirees Contribute - Southern Tier
Retirees and beneficiaries: 18,884 (4.5% of the region’s population)
- Paid $68 million in property taxes (7.3% of the property taxes collected in the region).
- Generated $34 million in State and local sales tax.
- Spent $630 million on goods and services, supporting 2,700 jobs.
Retirees Contribute - North Country
Retirees and beneficiaries: 22,894 (5.5% of the region’s population)
- Paid $76 million in property taxes (8.3% of the property taxes collected in the region).
- Generated $36 million in State and local sales tax.
- Spent $668 million on goods and services, supporting 2,800 jobs.
Retirees Contribute - New York City
Retirees and beneficiaries: 24,075 (0.3% of the region’s population)
- Paid $47 million in property taxes (0.2% of the property taxes collected in the region).
- Generated $65 million in State and local sales tax.
- Spent approximately $1.1 billion on goods and services, supporting 4,300 jobs.
Retirees Contribute - Lower Hudson Valley
Retirees and beneficiaries: 24,430 (1.8% of the region’s population)
- Paid $240 million in property taxes (3.6% of the property taxes collected in the region).
- Generated $63 million in State and local sales tax.
- Spent approximately $1.1 billion on goods and services, supporting 4,500 jobs.
Retirees Contribute - Long Island
Retirees and beneficiaries: 64,854 (2.2% of the region’s population)
- Paid $730 million in property taxes (5.2% of the property taxes collected in the region).
- Generated $186 million in State and local sales tax.
- Spent approximately $3.2 billion on goods and services, supporting 16,400 jobs.
Retirees Contribute - Finger Lakes
Retirees and beneficiaries: 41,136 (3.3% of the region’s population)
- Paid $168 million in property taxes (5.4% of the property taxes collected in the region).
- Generated $69 million in State and local sales tax.
- Spent approximately $1.3 billion on goods and services, supporting 7,200 jobs.
Retirees Contribute - Central New York
Retirees and beneficiaries: 43,898 (3.8% of the region’s population)
- Paid $160 million in property taxes (6.4% of the property taxes collected in the region).
- Generated $76 million in State and local sales tax.
- Spent approximately $1.4 billion on goods and services, supporting 7,300 jobs.
Retirees Contribute - Capital District
Retirees and beneficiaries: 65,375 (5.8% of the region’s population)
- Paid $259 million in property taxes (9.3% of the property taxes collected in the region).
- Generated $119 million in State and local sales tax.
- Spent approximately $2.3 billion on goods and services, supporting 12,100 jobs.
Retirees Contribute - Western New York
Retirees and beneficiaries: 58,345 (3.8% of the region’s population)
- Paid $196 million in property taxes (6.2% of the property taxes collected in the region).
- Generated $109 million in State and local sales tax.
- Spent approximately $1.9 billion on goods and services, supporting 10,000 jobs.
Note: Information is based on estimated figures. Sources: 2023 NYSLRS Annual Comprehensive Financial Report; U.S. Census Bureau; OSC analysis.
