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.
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