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Infographic: Income for the New York State Teacher Retirement System

Image credit: Infographic created by journalism students at LIU Post for Long Island Business Report.

Income for the New York State Teacher Retirement System (NYSTRS) is comprised of three sources: investment income, member contributions, and employer contributions. The Employer Contribution Rate (ECR) is the rate at which school districts make contributions out of their budgets to NYSTRS on behalf of members. In New York, teacher employer contribution requirements have risen from nearly half a percent in 2000-01 (.43%) to over 16 percent in 2013-14.

“Obviously the impact has been pretty significant,” said Henry Grishman, Superintendent of the Jericho Public School District.

To learn more about the impact of the New York State pension system for Long Island’s schools, tune in to Long Island Business Report.

  • vermilion sphere

    ” Long Island Wine ” : i’m looking for DATE WINE ! :)

  • Sue

    screw you medical school deans, etc. how much do you get paid to select certain residents???? biased biased biased ruined my child’s life don’t even call yourselves honorable doctors!!!!!!! hate all of you
    signed, educated my child for nothing PS “a mind is a terrible thing to waste” fools

  • SPKorn

    In what business do employers contribute 16 percent of salary toward employee retirement? Scandalous. And zero risk to the employee…unlike the taxpayers paying the benefits bill probably viewed as a birthright by the teachers.

  • annette kattau

    do you think Casinos are the answer? Shouldn’t we be bringing better paying jobs that will enhance our neighborhood rather than bring them down .

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About Long Island Business Report
A weekly half-hour program that provides an in-depth look at what needs to be done to make Long Island a more dynamic place to live and work by exploring the economic and business trends that impact the nearly 3 million people who call Nassau and Suffolk counties home.

Long Island Business Report is a production of WLIW21 in conjunction with Paymar Communications.
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