Pension and Benefits

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AFT Report Reveals Asset Managers’ Hypocritical Assault on Workers’ Retirements

WASHINGTON—A new edition of an influential report published by the American Federation of Teachers exposes Wall Street asset managers who earn millions in fees from defined-benefit pension plans while simultaneously taking actions that can undermine their very existence. “Ranking Asset Managers: A Retirement Security Report on Money Managers for Pension Fund Trustees” (sixth edition), distributed this [...]

AFT Report Reveals Asset Managers’ Hypocritical Assault on Workers’ Retirements2018-03-24T10:47:22-04:00

The Real Reason the Investor Class Hates Pensions

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets. And [...]

The Real Reason the Investor Class Hates Pensions2018-03-08T11:01:23-05:00

Popular Annual Financial Report

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.

Popular Annual Financial Report2017-11-05T12:05:43-05:00

Employer Costs Continue to Decline

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 approximately 16% from the 11.72% [...]

Employer Costs Continue to Decline2017-11-05T12:06:09-05:00

Public Pensions Pass the Test

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 pension trustees, managers and administrators [...]

Public Pensions Pass the Test2017-11-05T12:06:40-05:00

The Pension Debate: Public Pensions and Long Island’s Schools

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 funding on Long Island's education [...]

The Pension Debate: Public Pensions and Long Island’s Schools2017-10-15T07:31:35-04:00