# New York Life Insurance Company Pension Plan

New York Life Insurance Company Pension Plan is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, New York, United States
- **Founded:** 1845
- **Assets under management:** Undisclosed
- **Website:** newyorklife.com
- **LinkedIn:** https://www.linkedin.com/company/newyorklife

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1845, New York Life Insurance Company operates as a mutual insurer, meaning its policyholders own the firm. Its pension plan — administered by Maria J. Mauceri, with actuarial oversight from Vice President Martin R. Claire — provides retirement benefits to the company's workforce. The plan is not a standalone entity but an integral liability managed inside the broader corporate treasury. The pension plan's investment portfolio leans heavily into assets that match New York Life's long-duration obligations. Real estate exposure includes direct commercial holdings such as NYLIM Real Estate Mezzanine Fund II, LP and Metropolis I Perm, LLC, alongside residential positions like Kimball Woods, LLC. Infrastructure commitments appear through vehicles like Aeolus Wind Power II LLC. The plan also holds substantial group annuity contracts, a structure that mirrors the parent company's core insurance business and serves as a stable, contractually-defined asset class. The pension plan does not publicly disclose its total assets under management or deployment figures. Governance rests with New York Life's senior leadership, led by Chair and CEO Craig DeSanto, supported by actuarial and administrative professionals inside the firm. The parent company also maintains the New York Life Foundation as a separate philanthropic arm, distinct from the pension plan's fiduciary responsibilities. Unlike corporate pension plans that outsource asset management, this vehicle benefits from embedded actuarial and investment infrastructure within one of America's oldest mutuals. Its mandate is not to chase returns for external stakeholders — policyholders own the company, and the plan exists solely to defease employee retirement promises through liability-aware capital allocation.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Insurance

## People

- Craig DeSanto — Chair, President & CEO
- Maria J. Mauceri — Administrator
- Martin R. Claire — Vice President and Actuary

## Questions

### Who runs investment decisions for the pension plan?

The plan falls under the oversight of Chair, President and CEO Craig DeSanto. Day-to-day administration is handled by Maria J. Mauceri, while Vice President and Actuary Martin R. Claire provides actuarial opinions. Investment decisions are made within the broader treasury and actuarial framework of New York Life Insurance Company.

### How is the pension plan's asset allocation structured?

The portfolio includes direct commercial real estate through vehicles like NYLIM Real Estate Mezzanine Fund II, LP, residential property via Kimball Woods, LLC, and infrastructure exposure through Aeolus Wind Power II LLC. Group annuity contracts form a significant, contractually-defined allocation, reflecting the parent company's insurance liabilities.

### Does New York Life disclose the pension plan's AUM?

No. The plan does not publicly report its assets under management as a separate figure. Its assets are managed alongside New York Life's general account, and the company does not break out pension-specific AUM in public filings.

### How is the New York Life Foundation related to the pension plan?

The New York Life Foundation operates as a separate philanthropic entity. It is not funded by or connected to the pension plan's assets, which are held exclusively to satisfy employee retirement obligations under ERISA governance.

### Does the pension plan invest in external funds or direct deals?

The plan participates primarily through direct ownership structures — for example, it holds limited partnership interests in real estate mezzanine funds and direct LLC stakes in property and wind assets. There is no public evidence of traditional fund-of-funds commitments to third-party managers.

## Related profiles

- [New York Life Foundation](https://altss.com/profile/new-york-life-foundation)
- [New York-Presbyterian Hospital](https://altss.com/profile/new-york-presbyterian-hospital)

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Last updated: 2026-06-03T20:00:00.000Z

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