With data primarily pulled from NYSTRS' CAFR of the same fiscal year, the PAFR relies heavily on graphics and other visuals to tell the System's financial story. Unlike a CAFR, which can be technical in nature, a PAFR attempts to present the facts in a clear, concise manner.
Employer contributions paid to NYSTRS in 2018 will be lower than 2017 contributions – which will be less than they contributed in 2016. NYSTRS has advised participating employers to budget for an employer contribution rate (ECR) of 9.80% applicable to 2017-18 school year salaries. The figure represents a decrease of
Public retirement systems continue improving cost efficiency, increasing funding ratios and fine-tuning benefits to strengthen their capacity to serve retired public servants for years to come, according to a sweeping annual study by the National Conference on Public Employee Retirement Systems (NCPERS). The study underscores the many ways in which
I always believed that teachers' pensions were untouchable because state constitutions guaranteed them. But the news out of Detroit and Springfield calls into question my assumption. Although the issue in both venues is not limited to teachers' pensions, what is known so far is not reassuring. via Are Teachers' Pensions
Long Islanders want the best and brightest educators for their children, but it is a challenge to recruit and retain teachers without the guarantee of a secure retirement. As a part of a broader exploration into the issue of pension reform, Long Island Business Report examines the impact of pension
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