| Serving New York Educators Since 1921 |
Board Meeting Summaries | Board Meeting Schedule
Trustees of the Retirement Board | Board Composition and Committees
NYSTRS' 10-member Retirement Board sets policy and oversees System operations. Trustees serve without compensation and represent various constituents, including active and retired teachers, school administrators, school boards and taxpayers.
Members of the Board are responsible as fiduciaries to protect the long-term value of the System's investment portfolio and provide benefit security for members. They are entrusted to invest funds at the highest possible long-term rate of return consistent with appropriate levels of diversity and risk. This must be accomplished at the lowest possible cost to participating employers.
The Board receives counsel from staff, advisory committees and investment consultants to help formulate its investment policy. Refer to the Investments page for more information about NYSTRS' investment strategy and current holdings.
Read the Board Resolution Supporting Defined Benefit Plans.
NYSTRS' Retirement Board meets four times a year – in January, April, July and October. Additional meetings are called as necessary. The Board's 2010 meeting dates are: Jan. 25-26; April 26-27; July 28-29; and, Oct. 27-28.
| R. Michael Kraus President |
Insurance Executive elected by Board of Regents Trustee since 1992 |
| Sheila J. Salenger Vice President |
Teacher Member elected by NYSTRS Delegates Trustee since 1989 |
| Dr. James N. Baldwin | Administrator Appointed by Commissioner of Education Trustee Since 2009 |
| Michael R. Corn | Teacher Member elected by NYSTRS Delegates Trustee since 1992 |
| Paul Farfaglia | Teacher Member elected by NYSTRS Delegates Trustee since 2009 |
| Daniel J. Hogarty Jr. | Bank Executive elected by Board of Regents Trustee since 2005 |
| Dr. Rosemary F. Jones | Administrator appointed by Commissioner of Education Trustee since 2006 |
| David P. Keefe | Retired Teacher Member elected by NYSTRS Retirees Trustee since 2004 |
| Nicholas Smirensky | State Comptroller's Representative Trustee since 2007 |
| Michael J. Masse | Bank Executive elected by Board of Regents Trustee since 2009 |
By law, the Board's composition is as follows:
Board trustees are elected/appointed to three-year terms (except the Comptroller, who serves while in office) and serve without compensation.
Members serve on the following subcommittees that report to the full Board:
|
|