Average yearly pension for a retired NYC fireman is $171k/year.

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New York City firefighters and fire officers retiring last year after full careers were entitled to average annual pension benefits of $171,336, up 13 percent from the prior year, according to new data added to SeeThroughNY.net, the Empire Center’s government transparency website.

Among the 430 new retirees with at least 20 years of service, 108 were eligible for pensions over $200,000. Nearly 95% (405) of these full-career retirees were eligible for six-figure pensions.

Looking at the most recent data for all New York City Fire Pension Fund retirees – including those with fewer than 20 years in service, the average pension for all 15,958 FDNY retirees, as of fiscal year 2025, came to $98,921, up 51 percent from $65,364 a decade ago. Both amounts include in-service disability payments for some.

Overall, 784 retirees were eligible for pensions over $200,000, 34 percent more than the previous year’s total of 584. Out of these, 46 were eligible for pensions over $300,000, quadrupling since last year’s tally of 11.

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Reason Foundation finds that New York City had over $300 billion in total liabilities at the end of 2022, more than four times Chicago’s $74 billion in liabilities and nearly six times Los Angeles’ $51.3 billion.

At the end of fiscal 2022, Houston and the District of Columbia also had over $20 billion in total liabilities.

Reason Foundation finds that New York City’s liabilities reached $34,567 per capita in 2022, the highest in the nation. The next highest per capita liabilities were in the District of Columbia ($29.4k per capita), Chicago ($26.9k per capita), and Atlanta ($21.2k per capita).

At $18,182 per capita, Yonkers, New York, surprisingly had the next highest liabilities, followed by Austin, Texas, with over $16,653 in liabilities per capita.

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