A new NYSTRS publication is intended to make complex System financial information more understandable for those without a background in public finance.
The inaugural edition of NYSTRS’ Popular Annual Financial Report, or PAFR, is now available in the library at NYSTRS.org. This first PAFR summarizes System finances for the fiscal year ended June 30, 2015.
With data primarily pulled from NYSTRS’ Comprehensive Annual Financial Report (CAFR) of the same fiscal year, the PAFR relies heavily on graphics and other visuals to tell the System’s financial story. Unlike a CAFR, which can be technical in nature, a PAFR attempts to present the facts in a clear, concise manner.
For those who like to crunch numbers and delve to more granular levels, the CAFR will always be available.
We believe transparency and trust are fundamentals of good government. By providing stakeholders with an annual PAFR, we add another tool for conveying the NYSTRS story.
You may request a printed version of the PAFR by contacting the System’s Public Information Office at firstname.lastname@example.org or by calling (800) 782-0289.