The New York City Board of Education Retirement System (BERS) was founded on August 31, 1921 to provide retirement benefits for civil service employees permanently employed by the City and School District of New York other than those who may retire under the provisions of other retirement laws. BERS has since expanded to include other employees, such as provisional and part-time employees of the Department of Education (DOE) and other covered employers. The System’s assets are invested in two investment programs. These are the fixed return fund, which is managed by BERS, and the variable return fund, consisting primarily of equity securities, which is managed by the Teachers’ Retirement System (“TRS”)
United States
$10
10.54
Sanford R Rich
Based on Fixed Return fund
Karine Apollon
17.88% Domestic Fixed Income
2.28% Developing Managers
11.82% Private Equity
29.61% US Equity
3.94% Emerging Market
10.10% Int’l Equity
11.24% High Yield & Bank Loan & OFI
13.13% Private Equity Real Estate & Infrastructure
Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
