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.
Based on preliminary results from the June 30, 2017 actuarial valuation, we anticipate the ECR applicable to 2018-19 salaries to be between 10.50% and 11.00% of member payroll. See Administrative Bulletin 2017-11 for more information. An Administrative Bulletin will be provided in February 2018 with a more precise estimate of this ECR.
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.