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NYSTRS' Retirement Board
The trustees on NYSTRS' Retirement Board represent various constituents,
including active and retired teachers, school administrators and
school boards. Board trustees are responsible as fiduciaries to
invest funds in an effort to earn the highest possible
long-term rate of return (consistent with appropriate levels of
diversity and risk) and at the lowest possible cost to
participating employers and the taxpayers that fund them. Trustees
receive counsel from NYSTRS staff, advisory committees and investment
consultants in this regard. The Board's goal is to ensure that NYSTRS
has sufficient assets on hand to pay promised benefits when they
come due.
For more information about the Retirement Board, click on a topic
below.
Board Composition and Committees
By law, the Board's composition is as follows:
- Three teacher members are elected from the membership, one
each year, by delegates at an annual meeting held in the fall.
- One NYSTRS retiree is elected by a mail vote of all retired
members.
- Two school administrators are appointed by the Commissioner of
Education.
- Two present or former school board members, experienced in the
fields of finance and investment, are elected by the Board of
Regents from recommendations of the New York State School Boards Association. At least one of these individuals must have
experience as an executive of an insurance company.
- One present or former bank executive is elected by the Board
of Regents.
- The State Comptroller or designee.
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: |
