|Serving New York Educators Since 1921|
Read current NYSTRS news here and refer to the archive of featured articles.
Got Prior Service? Claim it in MyNYSTRS
If you haven’t yet submitted your prior service claim, your procrastination paid off. Submitting your claim just got much easier thanks to the new Prior Service Claim form in MyNYSTRS. (Read more)
NYSTRS Remains Financially Strong, Well Funded
The Retirement System's investment portfolio returned 2.8% net of fees for the fiscal year ended June 30, 2012 – in line with returns posted by peer pension funds. The 2.8% return followed 2011 and 2010 returns of 23.2% and 12.1%, respectively. The System's funded ratio of 96.7% far exceeds the industry average of 75%, making NYSTRS one of the best-funded plans in the nation. (Read more)
Statistics Show Pensions Account for 3% of Government Spending
On average, pension costs for state and local governments are just shy of 3% of total spending, according to a February brief issued by the National Association of State Retirement Administrators (NASRA). The calculations are based on the most-recent data available from the U.S. Census Bureau. (Read more)