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Beginning this January, if you are a NYSTRS retiree working for a New York State public employer and have not yet turned 65, you will be able to earn up to $35,000 a year without impacting your pension benefits.
Public pension costs do not crowd out education spending, according to a new study. The real funding squeeze is caused by frequent tax changes that destabilize state and local revenue, the study concludes.
NYSTRS continues to be one of the most secure and well-funded public pension plans in the country with a 30-year rate of return, net of fees, of 8.8% and a funded level of nearly 100%.
NYSTRS' Board of Trustees lowered the System's assumed rate of return on investments to 7.1%.
Curious about other NYSTRS numbers? Visit our Infographics page for a host of facts and figures relating to the System's membership, finances and investments.