The Employer Contribution Rate (ECR) is the percentage of member payroll employers contribute to NYSTRS.
This rate is determined annually through an actuarial valuation of NYSTRS' assets and liabilities. These contributions have been collected without fail throughout the System's history, keeping NYSTRS among the most secure plans in the country.
Some school districts pay the Stable Contribution Option (SCO) rate provided for under Chapter 57 of the Laws of 2013. See Administrative Bulletin 2013-2 for details and refer to the SCO Election Report for a list of employers participating in the SCO.
The current rates are as follows:
|To be Collected
||2016-17 School Year Salaries
||2015-16 School Year Salaries
||2014-15 School Year Salaries
The ECR for 2016-17 school year salaries is 11.72%. Administrative Bulletin 2016-6 provides additional information on this and the SCO applicable to 2016-17 school year salaries.
The estimated ECR applicable to 2017-18 school year salaries is 9.80%. Read more in Administrative Bulletin 2017-1. The Retirement Board will adopt the 2017-18 ECR at its July meeting and an Administrative Bulletin formalizing this rate will be issued soon thereafter.
Notice for schools that participate in the SCO: Opt-out forms are available in the Employer Billing section of the Employer Secure Area. If you have any questions regarding the form, contact the Finance Department at (800) 348-7298, Ext. 2721.