What is the New York State Local Retirement System?
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The New York State Local Retirement System is a pension fund established to provide retirement benefits for local government employees in the state of New York. It is administered by the New York State and Local Retirement System (NYSLRS), which is a governmental agency responsible for managing and overseeing the retirement benefits of eligible individuals. The system offers different retirement plans, including the Employees' Retirement System (ERS) and the Police and Fire Retirement System (PFRS), tailored to the specific needs of various local government employees. Through its investment strategies and contributions from participating employers and employees, the New York State Local Retirement System ensures financial security and stability for retired public servants in the state by providing them with a reliable source of income during their retirement years.
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