The Employer Contribution Rate (ECR) is the percentage of member payroll employers contribute to NYSTRS.
This rate is determined annually through an actuarial valuation of NYSTRS' assets and liabilities. These contributions have been collected without fail throughout the System's history, keeping NYSTRS among the most secure plans in the country.
The current rates are as follows:
|To be Collected
||2017-18 School Year Salaries
||2016-17 School Year Salaries
||2015-16 School Year Salaries
||2014-15 School Year Salaries
The ECR applicable to 2017-18 school year salaries is 9.80%. The payments associated with this rate will be collected in the fall of 2018. Refer to Administrative Bulletin 2017-9 for more information.
In an effort to assist employers with 2018-19 budget preparations, NYSTRS advises use of an estimated ECR of 10.63% for 2018-19 salaries. The Retirement Board will adopt a final rate at its August meeting. See Administrative Bulletin 2018-2 for additional information.
As of June 30, 2017, the Stable Contribution Option (SCO), provided for under Chapter 57 of the Laws of 2013, is effectively terminated. Each employer that elected to participate in the SCO has opted out. See Administrative Bulletin 2013-2 for details of the SCO.