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The New York State Teachers' Retirement System (NYSTRS) provides retirement,
disability and death benefits to eligible New York State public school
teachers and administrators. NYSTRS is the second-largest public
retirement system in the state and one of the 10-largest systems in
the nation. We serve over 270,000 active members and
over 133,000 retirees and beneficiaries. To learn more about NYSTRS, please
review the publication Learning
About NYSTRS or click on a topic below.
NYSTRS' Mission
and Benefits
NYSTRS was established in 1921 by the New York State Legislature, and
our benefits are paid in accordance with the laws enacted by the Legislature.
We administer a defined benefit plan that provides three core
benefits: service retirements,
disability coverage,
and death benefits.
Eligibility for these benefits depends on factors such as a member's
tier, age, earnings and service credit.
NYSTRS retirees are guaranteed a monthly benefit payment for life.
Depending on the benefit payment choice made at retirement, a retiree's
beneficiary(ies) may continue to receive a benefit following the retiree's
death.
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Our Mission
To provide the membership with timely service and accurate benefit payments, and to assure the funding of those benefits by utilizing proper actuarial techniques and maximizing investment returns.
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You automatically become a NYSTRS member if you are employed under
all of the following conditions:
- You are a teacher, teaching assistant, guidance counselor or educational
administrator, AND
- You are employed by a New York State public school district (other
than New York City) or BOCES, or by an eligible charter school that
has opted to participate as a NYSTRS employer, AND
- You work full-time through the end of the school year, as defined
in the appropriate contract or job description.
You have the option of joining NYSTRS if either of the following
apply:
- You meet the first two conditions for automatic membership described
above, but are employed less than full-time in your position, OR
- You are employed in a New York State Community College or by SUNY
(in which case you may instead elect the New York State and Local
Employees' Retirement System or the Optional Retirement Plan).
If your membership is optional, you can join NYSTRS by filing an Application
for Membership.
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NYSTRS' Retirement Board
A 10-member Board of Trustees sets policy and oversees NYSTRS operations.
Board members are responsible as fiduciaries to protect the long-term
value of the System's investment portfolio, to provide benefit security
for members, and to do so at the lowest possible cost to participating
employers.
For more information about the Retirement Board, click on a topic
below.
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NYSTRS' primary objective is to consistently deliver promised benefits
to all members and their beneficiaries, at the lowest possible cost
to participating employers. Accordingly, the funds we invest
are diversified prudently across the most attractive asset classes
in order to achieve the best possible long-term total returns, consistent
with an appropriate level of risk.
Our Investments page lists our current holdings.
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Pension terminology and the rules governing benefits can sometimes
be complex. To help you better understand your membership rights,
we have developed a Glossary of NYSTRS Terms,
as well as answers to Frequently Asked Questions (FAQs) about the
topics below.
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Employment Opportunities
Employment opportunities with NYSTRS, including those open for general application and those limited to current State employees, may be found by visiting the Governor's Office of Employee Relations Web site at www.statejobsny.com. Once on that page, click on "SEARCH StateJobsNY"; on the Search page, use "Select Agency" to locate and click on "Teachers' Retirement System"; then click "Select Query" at the bottom of the page. A list of our current postings will appear; click on the title of the posting for details.
To be considered for a position for which you meet the minimum qualifications, please submit an employment application by the date listed on the posting. Applications may be sent via mail to NYSTRS, Human Resources, 10 Corporate Woods Drive, Albany, NY 12211 or fax to (518) 447-2634. Please note that resumes will not be accepted as a substitute, in whole or part, for a completed employment application.
Other positions are filled through the Civil Service examination process. For information on Civil Service examinations, please visit www.cs.state.ny.us.
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