Postal Service, or by an equivalent delivery service that provides mail tracking and is approved for use by NYSTRS. Relevant legislation impacting NYSTRS and its members is summarized below. COVID-19 Public Employee Death Benefit Chapter 783 of the Laws of 2022 (S9119/A10022) Signed into law December 23, 2022 Effective Date: March 1, 2020 Chapter 783 amends various provisions of law in relation to once again extending the COVID-19 accidental death benefit to statutory beneficiaries of NYSTRS will make premium deductions from your monthly pension payment as determined by your employer. Please note: If your membership in another NYS retirement system is still active, you can transfer it to NYSTRS. According to NYSTRS officials, the new look will make the content more accessible and inclusive for members, including high-color contrast for members who are visually impaired, textures in graphs for members with color-vision deficiency, easier-to-read and larger fonts and illustrations more representative of the fund’s diverse membership. The adjustment percentage is The information contained in this document came primarily from NYSTRS’ Annual Comprehensive Financial Report, Fiscal Years Ended June 30, 2022 and 2021. NYSTRS Distribution of Benefits Paid By County2 2Computed on the optional annual benefit including supplementation and COLA 8 Member Contributions (2%) Periodically, the Legislature enacts new laws that impact NYSTRS and/or the state’s other public retirement systems. EST which may result in a brief interruption of our site. Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. If you exceed the earnings limit, NYSTRS will suspend your pension for the remain-der of the calendar year. m. -4:15 p. Please see the Compilation of Laws NYSTRS approves a cost-of-living adjustment for 2022-2023. Members who joined prior to July 1, 2022 must have at least $1,334 in required contributions to be eligible to apply for a loan; members who joined on or after July 1, 2022 must have a minimum of $2,000. Tier 2-6 members in active service may retire at age 55 with five years of New York State service credit. Mon. This report complies with all requirements governing the preparation and contents of annual Coming Soon – Automated Clearing House (ACH) Payment Capability In early 2023, NYSTRS will be adding the ability for employers to submit payment for monthly loan bills (member loan deductions) via ACH. Home Employers Employer Contribution Rate Employer Contribution Rate The Employer Contribution Rate (ECR) is the percentage of member payroll employers contribute to NYSTRS. Tier 3-6 members must have an active NYSTRS membership with at least one year of service credit. S. -Fri. The New York State Teachers Retirement System data, as provided by the New York State Teachers Retirement System (NYSTRS), includes names, maximum allowable benefit rates, retirement dates and last known employers when available for every individual who collected benefits. (Vested Tier 6 members with an inactive membership – meaning they have not earned NYSTRS service credit for seven years – are considered vested-deferred members. This increase is calculated on the lesser of the retiree's maximum fixed retirement allowance or $18,000. You may also be required to repay NYSTRS for pay earned for work beyond the limit. Home Library Publications Annual Reports Annual Reports NYSTRS produces an Annual Comprehensive Financial Report (ACFR) and a Popular Annual Financial Report annually. It's quick and easy! Trouble Logging In? Forgot Username Forgot Password Routine maintenance is performed Tuesdays and Thursdays from 5-7 a. These vary yearly, reflecting economic changes. The COLA is determined by the percentage increase, if any, between the average 3rd quarter Consumer Price Index (CPI) of the current year over the average 3rd quarter (CPI) of the prior year. Cost-of-Living Adjustment The cost-of-living adjustment (COLA) for September 2023 through August 2024 benefit payments is 2. 50 monthly beginning with the September 29 pension payment under New York’s legislated cost-of-living adjustment (COLA). You may initiate the transfer by contacting the other system. NYSTRS administers the laws as enacted; the Retirement System has neither the ability to change the benefit structure nor the authority to mandate benefit changes. Don't Have a MyNYSTRS Account? Register now to access your personal NYSTRS information. In July 2000, the Retirement System was at the forefront of a successful effort to enact a law providing an annual cost-of-living adjustment (COLA) for retirees. November 22, 2024 Retirement System Members and the Board: On behalf of Retirement System staff, it is my pleasure to present you with the Annual Comprehensive Financial Report of the New York State Teachers’ Retirement System (NYSTRS or the System) for the fiscal years ended June 30, 2024 and 2023.

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