In what may have been a first since the System’s origin in 1921, delegates attending the Annual Meeting of NYSTRS Delegates in Saratoga Springs Nov. 5-6, 2017 filled all three teacher member Board seats. Teacher Board members serve staggered three-year terms so typically only one teacher member is elected each year.
Paul J. Farfaglia was unanimously re-elected to his position on the Board, and Sheila Buck of Rush-Henrietta Central Schools and Ronald Gross of William Floyd Union Free Schools were elected to their first terms as trustees. Farfaglia will be serving his fourth consecutive term. Buck replaces Jolene T. DiBrango, who resigned from the Board to focus on her new position as executive vice president of NYSUT, the bargaining unit for New York teachers. Gross replaces Timothy Southerton, who retired from teaching in June 2017.
As per statute, the 10-member Board includes three active teachers and one retired teacher. The current retired teacher member is David P. Keefe, who began serving as Board president in 2016.
NYSTRS Board members serve without compensation and represent various constituents, including school administrators and school boards. They are responsible as fiduciaries to protect the long-term value of the System's investment portfolio, providing benefit security for its more than 428,000 active and retired members.
In addition to the election, several informational breakout sessions were held, as well as a question-and-answer period with the NYSTRS Board and staff. Following are the presentations given at the meeting: