The New York State Teachers' Retirement System was established in 1921 by an act of the State Legislature. It is the second largest of eight public retirement systems in New York State. The sole purpose of the Teachers' Retirement System is to administer the fund from which public school teachers and administrators (employed outside New York City) receive retirement and ancillary benefits.
It is a defined benefit plan which specifies a guaranteed monthly benefit - typically based on a member's final average salary and service.
More than 300 full-time employees are responsible for its day-to-day administration and operation. Total membership is approximately 326,000, consisting of 225,000 active members and 101,000 retired members and beneficiaries who receive monthly retirement payments.
Teaching Assistants are members of this system.
The Nassau Regional office of NYSUT offers assistance with retirement planning. Hank Sessa is the NYSUT TRS consultant. He can be reached at (516) 921-2909.
The New York State Employees' Retirement System is the largest public retirement system in New York State. Comptroller H. Carl McCall is the administrative head and sole trustee of the system, which represents almost 900,000 members and retirees.
All job titles with the exception of Teaching Assistants are members of this system.
The Nassau Regional office of NYSUT offers assistance with retirement planning. Patti Lennon is the ERS consultant. She can be reached at (516) 496-2035.
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