2010: Tier 5 is established with new service retirement benefit calculation rules, prior service costs and 10-year vesting. Members make 3.5% contributions throughout their careers.
2011: NYSTRS hosts its first annual Minority- and Women-Owned Business Enterprises (MWBE) conference on investments and professional services. Active membership totals 280,000. Net worth totals $90 billion. There are 146,000 retirees receiving $5.6 billion in annual benefits.
2012: Tier 6 is established with new service retirement benefit rules, FAS calculation criteria and prior service purchase costs. Members make contributions ranging from 3% to 6%, based on salary level, throughout their careers.
2014: NYSTRS’ net assets exceed $100 billion. The System introduces what is believed to be the first Mobile App for public retirement systems, with helpful resources such as the Countdown to Retirement.
2017: Members begin filing their service retirement applications online, as the latest MyNYSTRS self-service tool debuts.
2020: Active membership totals 261,000. Net worth totals $120.5 billion. There are 166,000 retirees and 6,500 beneficiaries receiving $7.5 billion in annual benefits.