NYSTRS strives to model strong ethical values within the pension industry.
NYSTRS strives to model strong ethical values within the pension industry. Our Board and staff take their fiduciary responsibility seriously and are committed to the highest standards of conduct.
To this end, the System has in place several manuals and policies designed to ensure our values-based foundation remains strong, including a newly adopted Internal Asset Management Code of Professional Conduct. Our belief is the existence of, and adherence to, such policies further strengthens public confidence in NYSTRS.
In addition to the above, these manuals and policies include, but are not limited to, the following:
The System also serves as an ethical watchdog for both internal and external stakeholders. The Internal Audit department, for example, has among its job duties to identify and rectify cases of fraud. As such, employees, employers and the general public are encouraged to report suspected fraud or misuse of System assets. Several reporting avenues exist; learn more about reporting fraud.
Tangentially, a Risk Management department was added in 2013. The new department provides a coordinated framework for identifying, mitigating and reporting risks that could impede NYSTRS from meeting its strategic objectives.