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.
Some school districts pay the Stable Contribution Option (SCO) rate provided for under Chapter 57 of the Laws of 2013. See Administrative Bulletin 2013-2 for details and refer to the SCO Election Report for a list of employers participating in the SCO.
The current rates are as follows:
|To be Collected
||2016-17 School Year Salaries
||2015-16 School Year Salaries
||2014-15 School Year Salaries
The ECR for 2016-17 school year salaries is 11.72%. Administrative Bulletin 2016-6 provides additional information on this and the SCO applicable to 2016-17 school year salaries.
The ECR applicable to 2017-18 school year salaries is estimated to be between 9.50% and 10.50%. Read more in Administrative Bulletin 2016-9. The actual estimated rate will be provided to participating employers in February 2017 in an effort to assist with budget preparations.
Notice for schools that participate in the SCO: Opt-out forms are available in the Employer Billing section of the Employer Secure Area. If you have any questions regarding the form, contact the Finance Department at (800) 348-7298, Ext. 2721.